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How an Old Shipyard Became a Home for Hardware Startups

New York City is known for lots of things, but having plenty of space isn’t one of them. And space is what you need when you’re creating hardware--the actual stuff that makes our technology work.

New Lab is a new facility located in the Brooklyn Navy Yard, a massive building that was once used to build ships. Now, New Lab is receiving a tax credit to house companies that are building new hardware. But if those companies are successful, will they able to remain in New York City?

By:  Stephanie Hughes and Ben Johnson

Image Credit: Spencer Platt - Getty Images

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