Company To Invest More Than $50 Million in Research and Development
Supported by $6.25 Million in Performance-Based Excelsior Jobs Program Tax Credits
New Headquarters Will Create High-Paying Jobs and Strengthen New York's Global Fintech Leadership
Pictures of Project Renderings
Governor Kathy Hochul today announced that Bilt, a housing and neighborhood commerce platform, will establish its new headquarters at 837 Washington Street in Manhattan’s Meatpacking District under a 15-year lease. The 58,000-square-foot space will be fully renovated to accommodate the company’s growth, creating 625 new jobs while retaining more than 200 existing employees. Supported by up to $6.25 million in performance-based Excelsior Jobs Program tax credits from Empire State Development, the project includes more than $50 million in research and development investment to advance Bilt’s fintech products, payment systems and consumer engagement tools.
“New York is the nation’s undisputed leader in finance and technology, and Bilt’s decision to grow and develop here underscores the unmatched talent, energy and opportunity that only New York can offer,” Governor Hochul said. “Bilt’s expansion and long-term commitment reflect the kind of homegrown innovation we are proud to support. Their success story is a reminder that when companies invest in New York, they not only strengthen our communities but also help shape the future of technology and economic growth across the state.”
Empire State Development President, CEO and Commissioner Hope Knight said, “Bilt's expansion represents the kind of forward-thinking investment that strengthens New York's position as the global capital of fintech innovation. By choosing to grow in New York and create hundreds of high-paying jobs, Bilt is demonstrating confidence in our state's unparalleled talent pool and business ecosystem. Empire State Development is committed to ensuring that companies like Bilt can continue to innovate, expand and generate lasting benefits for communities across the state.”