City to invest $7.2 million in new hubs to bolster tech

The hubs, one at the Brooklyn Navy Yard and the other near Grand Central Terminal, will debut this summer

The city announced Thursday it will open business hubs in midtown and the Brooklyn Navy Yard to increase jobs in tech and expand its efforts in urban problem-solving. The new centers are part of a new $7.2 million program called UrbanTech NYC.

The two locations will total more than 100,000 square feet and cater to companies that are too big to participate in incubator or accelerator programs, but can't afford market-rate office space. The spaces will offer affordable rents and access to manufacturing software such as 3-D printers for prototypes, along with educational programs and display space for whatever products are dreamed up. Both hubs are set to open this summer.

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