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New York (CNN Business) — Netflix is opening a production hub in New York City that will bring “up to $100 million in investments to the city,” New York Governor Andrew Cuomo announced Thursday.

The streaming video company’s new Manhattan offices will take up approximately 100,000 square feet in New York’s Flatiron District.

These offices will house 127 new jobs that include “content acquisition, development, production, legal, publicity and marketing positions.” Those jobs will go along with Netflix’s current 32 New York-based employees, according to the announcement.

The expansion will also include the creation of six sound stages in Brooklyn’s East Williamsburg neighborhood. Netflix (NFLX) has leased approximately 161,000 square feet for the stages and the governor says they will house “thousands of production jobs within five years.”

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