NYCEDC

Jan
09

First Small Business Incubator Opens in the Bronx

Mayor Bloomberg today announced the opening of the Sunshine Bronx Business Incubator, the first City-sponsored business incubator to be located in the Bronx. The Sunshine Bronx Business Incubator, which is housed in the historic BankNote Building at 890 Garrison Avenue in Hunts Point, will ultimately accommodate up to 400 entrepreneurs from the Bronx and across New York City over the next three years, and will further the City’s efforts to encourage entrepreneurship and innovation across a variety of sectors.

The nearly 11,000-square-foot space will provide approximately 180 workspaces—comprised of virtual offices, and physical on-demand co-working spaces, dedicated individual or team spaces, conference rooms, classrooms and common spaces—all wired to support the latest digital and video technology, and will assist startup businesses and entrepreneurs across various industries including finance, new media, technology, green finance and technology, biomedicine, and healthcare.

NYCEDC provided a $250,000 grant in order to establish the incubator, which is the eighth to open as part of the City’s growing network of incubators. Mayor Bloomberg was joined at the announcement, held at the new incubator, by City Council Speaker Christine Quinn, NYCEDC President Seth Pinsky, Council Member Diana Reyna, Sunshine Realty Management Co-Founder Cheni Yerushalmi, Dan Allen, Founder of SuperMango Media, Matt Weir, Vice President of Taconic Investment Partners, Paul Wolf, Co-President of Denham Wolf Real Estate, Stuart Schulman, Executive Director of the Institute of Virtual Enterprise, and Rolando Franco, IBM Executive IT Architect and University Ambassador to CUNY. Read the press release for more details.

Above, a view from the business incubator. (Image source: NYCMayorsOffice’s new Instagram feed)