AROUND THE NETWORK: Fullstack Modular Announces Relocation And $8-12M Investment In Connecticut

BuiltWorlds member Fullstack Modular, the leading innovator in the design, manufacture, and construction of mid- and high-rise multifamily buildings, hotels, and student housing, was welcomed into the Connecticut business community by Governor Ned Lamont recently began the relocation of its U.S. headquarters to 30 Edmund Street, Hamden, Connecticut, from the Brooklyn Navy Yard in New York City. During an event at Gateway Terminal in partnership with the Governor’s Office and AdvanceCT, the company announced it would be investing $8 -12 million into Connecticut. This investment will include creating safe and reliable jobs, implementing cutting-edge technology, and manufacturing housing for the local workforce, students, seniors, and travelers alike.

“We are thrilled and honored to have Governor Lamont welcome us into a region that is pro-business and just as dedicated as we are to creating solid jobs for families and individuals of all backgrounds,” noted FullStack Modular Founder and President Roger Krulak. “The state, local government, and business communities have shown their support and commitment to being a future-forward area focused on development, innovation, and broadening the affordable housing market.”

Over the next few months, the company will be working closely with the state of Connecticut to conduct recruitment, training, and onboarding as it ramps up staffing. Modular construction provides a unique opportunity for workers who need a more reliable income, a set schedule, and safe, non-weather-dependent working conditions than the conventional construction and building industry can provide.

“FullStack Modular is a growing design/manufacture company that is responsible for developing forward-thinking projects located throughout the country, and we are thrilled that they have made the decision to move their headquarters and bring at least 100 new jobs to Connecticut,” said Governor Ned Lamont. “The greater New Haven community will be a perfect fit for an innovative company like FullStack Modular, and I look forward to seeing their continued growth here.”

Completely American-made, FullStack Modular is a tech-driven, fully integrated, sustainable, and radically efficient modular company that requires no concrete core. The company is revolutionizing the $1.7 trillion construction market comprised of multifamily, hotels, student, and affordable housing.

Since operations began in 2012 at the Brooklyn Navy Yard, FullStack Modular has employed more than 250 NYC-based workers, many of which are women and other underrepresented classes. New York employees, who were informed of the decision in early March, and offered opportunities to continue with the company at its new Connecticut headquarters, have continued to assist with the operational transition and will be compensated through the end of the month.

“Our New York employees are like family to us, many of them having been with us since the beginning, so this wasn’t a decision we made lightly,” Krulak remarked. “We are so thankful for their continued support, dedication, and outspoken advocacy, along with our local partners, especially The Building and Construction Trades Council of Greater New York, who were supportive in trying to keep our operations in Brooklyn. However, the state of Connecticut and the greater community of New Haven stepped up and offered us the kind of partnership we were looking for and provided the vision and support for us to build our operations there for the long term. We’re excited to be new members of the Hamden and New Haven communities.”

At our Americas Summit this coming September, Roger will be part of a panel discussion entitled “BuiltWorlds First Class – Discussion with Entrepreneurs from the First Part of the Last Decade” Our Americas Summit is aimed at top-level, C-Suite executives in the construction tech space who wish to share thought leadership and learn from peers in the industry about emerging trends and directionally where the industry is headed. Collectively, attendees represent the pinnacle of the sector’s innovation ecosystem, and the Summit is the place to meet them and to hear about the most potent trends fueling the future of the industry.

FIND OUT MORE ABOUT OUR AMERICAS SUMMIT HERE

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BuiltWorlds “Around the Network” Briefings offer BuiltWorlds Members an opportunity to keep the Community informed of their own initiatives, resource offerings, and other things they are excited to share about or collaborate around. We generally pull these posts as “highlights” from Member Company Pages, Innovation Exchange Posts, and other places our members share with us what they are up to.

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