Jamaica, NY (2022)

GJDC Business Training Center

Investment

  • NMTC Amount: $12,500,000
  • Total Project Cost: $12,800,000

IMPACT

  • 126 FTE jobs
  • 33 construction jobs
  • 18,000 sq. ft. of real estate

Investor

Project Description

During the 55th anniversary celebration of its commitment and service to the community, the Greater Jamaica Development Corporation (GJDC) announced the upcoming opening of its new state-of-the-art office space, Greater Nexus. Southeast Queens elected officials and civic leaders joined members of GJDC at the Jamaica Performing Arts Center, located at 153-10 Jamaica Ave., to deliver remarks regarding projects in the community.

Years before COVID was a daily part of life, GJDC had already begun thinking about how to help small businesses find flexibility in modern office space, according to Lamont Bailey, Esq., chair of the GJDC board of directors.

GJDC’s Greater Nexus, located at 89-14 Parsons Blvd., includes over 10,000 sq. ft. of office space. The Greater Nexus includes affordable and flexible membership options. Members will have the choice of working at a designated cubicle or a floating desk in an open area.

The training facility, located on the fourth floor, will be used to host events, educational programming/seminars, and networking or mentoring opportunities. The space will also be available to the community. Amenities include two kitchen pantries, a podcast room, wellness room, soundproof phone booths, meeting rooms, conference rooms, an open work area, lockers and state-of-the-art technology.

As the cost of construction materials was increasing at such a rapid pace, Rodgers said they took another look at repricing The project, which came out to be $1 million more. As a result, Rodgers said they decided to close the gap by funding The project using federal and market tax credits.

MAP

Address: 9-14 Parsons Boulevard, Jamaica, NY 11432

Census Tract: 36081024000

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