European business incubator will open New York site

AP News
|
Posted: Sep 08, 2016 8:03 AM

NEW YORK (AP) — Officials say Europe's largest business incubator will open its first U.S. site in New York.

The initiative by Netherlands-based B. Amsterdam is designed to boost international expansion opportunities for startups on both sides of the ocean.

The new facility will be located in the Brooklyn Navy Yard , an industrial park that's home to more than 330 businesses.

The announcement was made Wednesday by New York Deputy Mayor Alicia Glen and Amsterdam Deputy Mayor Kajsa Ollongren (KAH'-shuh OHL'-uhn-grehn.)