Posted by Staff Writer on 5/29/2019 to Real Estate
New York Growing Industry
Brooklyn Navy Yard
IncSmart New York (Small Business and Startups) - New York growing industry in high tech is a boom for Brooklyn. Technology is changing Brooklyn real estate and driving economic growth. Brooklyn is booming after the era of industry moving from the US. The empty factories and warehouses are in demand and real estate prices are increasing, as Brooklyn experiences rapid growth. Brooklyn also has a number of Opportunity Zones with tax incentives. The Trump Opportunity Zones were passed as part of the Federal Tax Reform Bill of 2017. These zones are low income and economically depressed areas.