Global creative agency Droga5 is relocating to Lower Manhattan, and creating 154 new jobs in the process, as announced by Governor Andrew Cuomo and New York City Mayor Michael Bloomberg.
“This is another example of how the country’s leading tech, media and advertising companies are choosing New York State as the place to bring and expand their business,” Governor Cuomo said.
"New York has proven itself to be a magnet for creative firms and minds, and this fast-growing company is a testament to the reality that the state is a haven for private sector growth,” he added.
The State and City partnered with Droga5, whose clients include Coca-Cola, American Express and Motorola, in a strategic investment tied to job creation with the Empire State Development and the New York City Economic Development Corporation. The company World Trade Center Job Creation & Retention Program offered the company funds as part of the move.
The relocation comes following a strategic partnership with entertainment and media company William Morris Endeavor and Droga5.
Droga5 signed the 15-year lease at 120 Wall Street to occupy five floors totaling 92,000 square feet, joining 391 companies have also relocated to Lower Manhattan since 2005.
Elizabeth Berger, President of the Downtown Alliance, explained: “The country’s leading tech, media and advertising companies are deciding that Downtown is the place to do business, and the economies of New York City and State are the beneficiaries of the district’s magnetic vitality and dynamism.”