Late last week, Deputy Secretary of the Treasury Wally Adeyemo toured the Brooklyn Navy Yard (the Yard) in New York City, a center of manufacturing and workforce innovation located across 300 acres along Brooklyn’s waterfront, and heard from local leaders, students, and small business owners about their efforts to promote equitable economic development and recovery from the pandemic.
The Yard, which is run by the Brooklyn Navy Yard Development Corporation, has benefited from three separate NMTC transactions that have created nearly 4,000 jobs.