United Technologies Corporation announced yesterday it will be investing big time in the Brooklyn tech world.
The Connecticut-based corporation will be opening a the United Technologies Digital Accelerator, in which it says it will invest $300 million and 250 jobs.
According to a release, the company will focus on “developing software solutions for UTC’s world-class product and service portfolio.” That portfolio includes military and commercial jet propulsion, aerospace and defense products, elevators, escalators and more. “United Technologies Digital is recruiting hi-tech professionals specializing in product management, software development, data science and more.”
The courtyard at Empire Stores at 55 Water St. (Courtesy photo)
The company will take space at 55 Water St., in a development called Empire Stores, which sits right on the water. The building is a six-story factory built in 1869 and renovated heavily in the last two years, according to Brownstoner.
The meaning of the word “accelerator” in the title is a little unclear, as there is no mention in the press release or on the website of an attempt to accelerate the life cycles of any outside startups, or of whether United Technologies would take equity in them.
We’ve reached out to the company for comment, but have not heard back as of publication. All the materials on the company’s site and in the press release sound like the space will look more like a research and development facility for the company.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!