Brooklyn Chamber honors key developments for 17th time

Building projects around the borough were in the spotlight as the Brooklyn Chamber of Commerce hosted its annual Building Brooklyn Awards at the Meadow Rue Ballroom, 60 Furman Street, on Thursday, July 13.

Meant to revamp the economic landscape of Kings County, one grant was also awarded to the non-profit branch of the Chamber known as the Brooklyn Alliance for the completion of a Comprehensive Economic Development Strategy (CEDS) by the U.S. Department of Commerce’s Economic Development Administration (EDA).

“The scope of what this long-term strategy means for Brooklyn is exciting and necessary for the growth of the borough. It propels us to plan for Brooklyn’s next rezonings, its incubators, infrastructure and transportation needs, and everything in between,” said Brooklyn Chamber of Commerce President and CEO Andrew Hoan.

“Brooklyn is experiencing an economic development boom, but that progress is not being felt by every community equally,” added Brooklyn Borough President Eric Adams, “This grant will serve as a key resource in identifying the areas where we need to invest further in job creation and small business development, and ensure we have an in-depth understanding of the needs of our underrepresented neighborhoods.”

With the grant, the borough’s economic leadership can prioritize work that encourages job growth, as well as access to more funds for small businesses.

“This is a critical step forward in our effort to revitalize all neighborhoods in Brooklyn, including Bushwick, Coney Island and East New York,” said Congressmember Hakeem Jeffries.

Honorees for the evening included CPEX Real Estate Managing partner Timothy King and President of NYU’s Tandon School of Engineering Katepalli Sreenivasan, as well as a host of buildings that support affordable and energy efficient housing, as well as economic stimulation.

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