Queen One to Create 600 Tech Jobs in New Brooklyn HQ
Deal News | Jun 02, 2025 | New York Ventures Inc
Governor Kathy Hochul and New York Ventures Inc. have announced that Queen One, Inc., a visionary commerce technology firm, will establish its new headquarters at 25 Kent Avenue, Williamsburg, Brooklyn. The 30,000-square-foot facility represents a $10 million capital investment and aims to create 600 full-time high-tech jobs. Additionally, over the next five years, Queen One plans to invest $67 million in research and development to build its next-generation e-commerce platform. This investment is bolstered by $6 million in performance-based tax credits from Empire State Development, underscoring New York's commitment to fostering innovation, job creation, and digital growth. This strategic move cements New York as a technology hub, attracting cutting-edge companies by leveraging its talented workforce and vibrant business ecosystem.
Sectors
- Technology
- Real Estate
Geography
- United States – The article's context and activities are taking place within the United States, specifically focusing on New York.
- New York – The state of New York is highlighted as the location of the new Queen One headquarters and the hub for innovation and job creation.
Industry
- Technology – Queen One's focus on developing an e-commerce platform and creating tech jobs places it within the technology sector, emphasizing AI, software development, and data science.
- Real Estate – The establishment of Queen One's new headquarters in Brooklyn involves real estate development and investment, particularly within the commercial property sector.
Financials
- $10,000,000 – Capital investment for establishing Queen One's new 30,000-square-foot headquarters in Brooklyn.
- $67,000,000 – Planned investment in research and development over the next five years.
- $6,000,000 – State support through the Excelsior Jobs Program tax credits to encourage job creation and growth.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Queen One, Inc. | Target Company | Company | A visionary commerce technology company planning to establish its new headquarters in Brooklyn. |
| New York Ventures Inc. | Private Equity Firm | Company | A private equity firm involved in supporting Queen One's expansion into Brooklyn. |
| Governor Kathy Hochul | Government Official | People | The Governor of New York, announcing and endorsing the establishment of Queen One's new headquarters. |
| Empire State Development | Supporting Government Agency | Government | A New York state agency providing $6 million in tax credits to support Queen One's job creation and expansion. |
| Hope Knight | President, CEO and Commissioner | People | Empire State Development President, CEO, and Commissioner endorsing the project. |