Netflix To Open $100M Mega Production Hub in Bushwick
Hundreds of new jobs will be offered because of the planned expansion.
Hundreds of new jobs will be offered because of the planned expansion.
Amazon may have lost in Queens, but Netflix has won big in New York City.
Gov. Andrew Cuomo announced yesterday that the popular streaming service has brokered a deal with the state to create a mega “production hub” in the city. Netflix has promised to invest $100 million to build six new sound stages in Bushwick and expand their Manhattan corporate offices.
The new project will reportedly create 127 high-paying executive content, marketing and production development jobs over the next five years in Manhattan with the Brooklyn sound stages holding the capacity to offer thousands of production crew jobs.
“Netflix is innovative, creative and bold – just like New Yorkers – and the expansion of this cutting-edge company in New York once again demonstrates the Empire State is open for business,” Governor Cuomo said. “We’re proud Netflix chose New York to grow its business, and we look forward to the jobs, economic activity and world-class productions this project will bring.”
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Netflix, which has a long history of production in New York including Orange is the New Black, Unbreakable Kimmy Schmidt, She’s Gotta Have It, and others, has leased a 161,000 square feet space at 333 Johnson Avenue.
To get Netflix to New York, Empire State Development offered up to $4 million in performance-based Excelsior Tax Credits over ten years, which are directly tied to real job creation. To receive the full incentive, Netflix must create the 127 jobs by 2024 at its new executive production office and then retain those new jobs and their existing 32 office jobs for another five years.
“New York has created a film-friendly environment that’s home to some of the best creative and executive talent in the world, and we’re excited to provide a place for them at Netflix with our production hub,” said Jason Hariton, Director of Worldwide Studio Operations & Real Estate at Netflix.
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