Gowanus sees manufacturing boom

Number of new businesses in area jumps 44% since 2000

TRD New York /
Sep.September 25, 2013 11:08 AM

Brooklyn’s Gowanus area is experiencing a manufacturing craze, with modern wholesalers setting up shop side-by-side with artisanal craftsmen in a neighborhood formerly best known for its smelly canal, a new city report shows.

Though the percentage of industrial firms in the area has stayed relatively constant over the past few decades, at 12 percent of the local workforce, the number of new businesses is up 44 percent since 2000, according to a report by the city’s Economic Development Corp seen by the New York Daily News.

Many of these new businesses are started by young entrepreneurs and tech geeks – a crowd more typically associated with Dumbo and Midtown South, the data show.

“New businesses are saying this is the cool place to be,” Paul Basile, president of the Gowanus Alliance, a group that represents 60 companies in the area, told the Daily News.

The growth has led to a sharp spike in the area’s median income – from $45,000 in 1999 to $99,000 currently, according to the newspaper.

On the residential front, Gowanus is being touted by brokers as the new Williamsburg, as The Real Deal reported. [NYDN]Hiten Samtani


Related Articles

arrow_forward_ios
Carroll Gardens and Flatbush in Brooklyn (Photos by Steven Pisano via Flickr; Mrbrklyn via Wikipedia; iStock)

Brooklyn’s most and least expensive neighborhoods

Brooklyn’s most and least expensive neighborhoods
Lighstone Group CEO David Lichtenstein and 365 Bond Street in Brooklyn (Photos via Lightstone; 365bond; iStock)

Lightstone bought Gowanus parcels for a pittance, seller’s sons allege

Lightstone bought Gowanus parcels for a pittance, seller’s sons allege
Brad Lander, Bill de Blasio and Gowanus (Getty)

Group launches campaign to save Gowanus rezoning

Group launches campaign to save Gowanus rezoning
Council member Brad Lander and Gowanus (Credit: Lander by Erik McGregor/Pacific Press/LightRocket via Getty Images, Spencer Platt/Getty Images)

Will Gowanus be the next botched rezoning?

Will Gowanus be the next botched rezoning?
Stephen Levin, Brad Lander, 187 and 195 Hoyt Street (Credit: Google Maps, iStock)

Pols ponder NYCHA air rights sale for Gowanus

Pols ponder NYCHA air rights sale for Gowanus
Avery Hall principal Brian Ezra and a rendering of 204 Fourth Avenue (Credit: Avery Hall and Startup Columbia)

Avery Hall pays $30M for Gowanus site

Avery Hall pays $30M for Gowanus site
Clockwise from left: 532-542 Union Street and 232 Third Avenue in Gowanus, Tavros' Colin Rankowitz and Avery Hall's Brian Ezra (Credit: Terra CRG, Tavros, Avery Hall)

Gowanus gold rush: Avery Hall, Tavros, Charney buy sites for $55M

Gowanus gold rush: Avery Hall, Tavros, Charney buy sites for $55M
An aerial of 469 President Street, 473 President Street, 514 Union Street (Credit: Google Maps)

Avery Hall Investments buys Gowanus development site for $44M

Avery Hall Investments buys Gowanus development site for $44M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...