How an old shipyard became a home for hardware startups

Stephanie Hughes and Ben Johnson Feb 20, 2017
HTML EMBED:
COPY
An Ultimaker 3-D printer works at at the New Lab manufacturing hub.  Spencer Platt/Getty Images

How an old shipyard became a home for hardware startups

Stephanie Hughes and Ben Johnson Feb 20, 2017
An Ultimaker 3-D printer works at at the New Lab manufacturing hub.  Spencer Platt/Getty Images
HTML EMBED:
COPY

New York City is known for lots of things, but having plenty of space isn’t one of them. And space is what you need when you’re creating hardware–the actual stuff that makes our technology work.

New Lab is a new facility located in the Brooklyn Navy Yard, a massive building that was once used to build ships. Now, New Lab is receiving a tax credit to house companies that are building new hardware. But if those companies are successful, will they able to remain in New York City?

We hear from David Belt, a real estate developer who, along with Scott Cohen, founded New Lab. We also hear from the CEOs of two companies housed at the facility: Sean Petterson of StrongArm Technologies, which makes equipment to support the bodies of what they call “the industrial athlete,” such as people who work in construction, and Jessica Banks of RockPaperRobot, a kinetic furniture company, whose items include tables that respond to weight.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.