Governor Andrew M. Cuomo has announced that Netflix, one of the world’s leading internet entertainment service, will expand its presence in New York with production hub located in New York City. Bringing hundreds of jobs and up to $100 million in investments, the production hub will include an expanded office in Manhattan and six sound stages in Brooklyn. The office in Manhattan will create 127 high-paying executive content, marketing and production development jobs, and the Brooklyn stages has the capacity to hold thousands of production crew jobs, all within the next 5 years.
Netflix’s new corporate offices will take up approximately 100,000 square feet at 888 Broadway in Manhattan’s Flatiron District. The offices will house the 127 new executive content acquisition, development, production, legal, publicity and marketing positions in addition to Netflix’s 32 current New York-based employees. The company – which has a long history of production in New York including Orange is the New Black, Unbreakable Kimmy Schmidt, She’s Gotta Have It, The Irishman, Someone Great, Private Life and Russian Doll – has also leased approximately 161,000 square feet to build six sound stages and support spaces at 333 Johnson Avenue in Brooklyn.
To support Netflix’s creation of 127 high-paying office-based jobs by 2024 – and to compete with other cities under consideration – Empire State Development has offered up to $4 million in performance-based Excelsior Tax Credits over ten years, which are directly tied to real job creation. To receive the full incentive, Netflix must create the 127 jobs by 2024 at its new executive production office and then retain those new jobs and their existing 32 office jobs for another five years.
For more information please visit www.governor.ny.gov