Empire State Development (ESD) today announced that Newell Brands, a leading consumer goods manufacturer, will establish a new 47,000 square-foot office at Empire Stores, 55 Water Street in DUMBO.
“New York is a leader in the 21st century tech economy and we have the workforce, the jobs, and the infrastructure to support the growth we’re seeing in this booming sector,” said ESD President, CEO, and Commissioner Howard Zemsky. “Newell Brands’ new office in DUMBO will contribute to Brooklyn’s thriving tech ecosystem and create hundreds of new, high-paying jobs for New Yorkers.”
“This lease signing is evidence of our company’s commitment to expanding our Ecommerce division,” said Mark Tarchetti, President, Newell Brands. “Brooklyn is an ideal location to grow our footprint, accommodate our growing team and move forward with the transformation and build-out of our industry-leading Ecommerce capability.”
Newell Brands has a strong portfolio of well-known brands, including Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer’s®, Coleman®, Jostens®, Marmot®, Rawlings®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Rubbermaid®, Contigo®, First Alert®, Waddington and Yankee Candle®, and more.
Newell Brands will create 200 new jobs at the new location at 55 Water Street. To encourage the company’s expansion in New York, ESD offered Newell Brands up to $4 million in performance-based tax credits through the Excelsior Jobs Program.
For more information about Newell Brands, please visit newellbrands.com.
About Empire State Development
Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of “I Love NY,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov.