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Plans Unveiled for $700M Climate Research and Jobs Hub on Governors Island in NY
New York City Mayor Eric Adams, Trust for Governors Island President and CEO Clare Newman, and SUNY Stony Brook University President Maurie McInnis have unveiled plans for the New York Climate Exchange, a 400,000-square-foot campus on Governors Island dedicated to research, education, and public programs focused on the global climate crisis.
The Exchange, led by Stony Brook University, will create a $700-million state-of-the-art campus that will create 7,000 permanent jobs and generate $1 billion in economic impact. The Exchange will be built with 100-percent union labor at prevailing wages and will add 4.5 acres of new open space. The Simons Foundation will provide $100 million in support, and Bloomberg Philanthropies will provide $50 million.
Once operational, the campus is expected to serve 600 postsecondary students, 4,500 K-12 students, 6,000 workforce trainees, and 250 faculty and researchers annually while supporting up to 30 businesses through its incubator program.
- ◦Development
- ◦Policy/Gov't
