Manufacturing company TechShop went bust despite city’s $5.2M investment.
The city invested $5.2 million in a company that was supposed to be a game-changer in manufacturing by creating 500 jobs and supporting 200 small businesses out of the Brooklyn Army Terminal.
The company certainly changed the game, but not in the way the city intended — it went bust within two weeks of launching the new venture late last year.
Even by government standards, the collapse was astonishing in its swiftness.
Previous coverage of TechShop here – Adafruit.
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