Streaming giant Netflix says it will build a new production hub in New York City.
The company, in conjunction with New York Gov. Andrew Cuomo, announced it will directly hire 127 executive-level jobs in content, marketing and production, with thousands of production crew jobs to follow. The 127 new employees there will join 32 existing New York-based staff.
Netflix says it will expand its office in Manhattan’s Flatiron district to 100,000 square feet to house the new and existing hires.
In addition, the company will build six sound stages and support buildings in East Williamsburg, Brooklyn. The company has leased 161,000 square feet for those projects.
The company says the jobs and sound stages will be filled within five years.
Empire State Development has offered $4 million in tax incentives, which will require Netflix to fill those roles by 2024, as well as keep them and the existing roles in New York for a minimum of five years.
Netflix is expanding in New York City after Amazon decided to abandon its plans to build a second headquarters there. Amazon had planned to build
a campus in Long Island City, in exchange for $2.5 billion in tax credits and $500 million in state construction subsidies, per the New York Post.
Public pressure resulted in Amazon abandoning its plans, although it says it will add jobs in its existing New York City office.