News Summary

The New York City Economic Development Corporation (NYCEDC) has initiated applications for the second cohort of the NYC Mass Timber Studio, a program designed to support mass timber development projects in the city. In collaboration with Newlab, the Mayor’s Office of Climate and Environmental Justice, and technical support from WoodWorks, the initiative aims to advance sustainable building practices. The first cohort included notable projects like the Walter Gladwin Recreation Center and a new Brooklyn Public Library branch. Additionally, technology startup Algoma, a participant in the studio, successfully raised a seed round for its project ‘The Prospect’. Applications for the new cohort are open until April 4, 2025.