diff --git a/tools/ui-components/package.json b/tools/ui-components/package.json
index 4dfd803784..3bfbd6f4b8 100644
--- a/tools/ui-components/package.json
+++ b/tools/ui-components/package.json
@@ -60,6 +60,7 @@
     "build-storybook": "build-storybook",
     "build": "cross-env NODE_ENV=production rollup -c",
     "dev": "cross-env NODE_ENV=development rollup -c -w",
-    "clean": "rimraf dist/*"
+    "clean": "rimraf dist/*",
+    "gen-component": "ts-node ./utils/gen-component-script"
   }
 }
diff --git a/tools/ui-components/tsconfig.json b/tools/ui-components/tsconfig.json
index 276e8af6ca..815279307b 100644
--- a/tools/ui-components/tsconfig.json
+++ b/tools/ui-components/tsconfig.json
@@ -10,5 +10,11 @@
     "strict": true,
     "noEmit": true,
     "typeRoots": ["../../node_modules/@types"]
+  },
+  "ts-node": {
+    "compilerOptions": {
+      "module": "commonjs"
+    },
+    "transpileOnly": true
   }
 }
diff --git a/tools/ui-components/utils/gen-component-script.ts b/tools/ui-components/utils/gen-component-script.ts
new file mode 100644
index 0000000000..18250a1947
--- /dev/null
+++ b/tools/ui-components/utils/gen-component-script.ts
@@ -0,0 +1,70 @@
+import fs from 'fs';
+import path from 'path';
+import { component, story, test, barrel, type } from './gen-component-template';
+
+// Grab component name from terminal argument
+const [name] = process.argv.slice(2);
+if (!name) {
+  throw new Error('You must include a component name.');
+}
+
+if (!name.match(/^[A-Z]/)) {
+  throw new Error('Component name must be in PascalCase.');
+}
+
+const toKebabCase = (pascalCasedName: string) =>
+  pascalCasedName
+    .replace(/([A-Z][a-z])/g, '-$1') // Add a hyphen before each capital letter
+    .toLowerCase()
+    .substring(1); // Return the string but exclude the hyphen at the beginning
+
+const kebabCasedName = toKebabCase(name);
+
+const dir = path.join(__dirname, `../src/${kebabCasedName}`);
+
+// Throw an error if the component's folder already exists
+if (fs.existsSync(dir)) {
+  throw new Error('A component with that name already exists.');
+}
+
+// Create the folder
+fs.mkdirSync(dir);
+
+const writeFileErrorHandler = (err: Error | null) => {
+  if (err) {
+    throw err;
+  }
+};
+
+// Create the component file - my-component.tsx
+fs.writeFile(
+  `${dir}/${kebabCasedName}.tsx`,
+  component(name),
+  writeFileErrorHandler
+);
+
+// Create the type file - types.ts
+fs.writeFile(`${dir}/types.ts`, type(name), writeFileErrorHandler);
+
+// Create the test file - my-component.test.tsx
+fs.writeFile(
+  `${dir}/${kebabCasedName}.test.tsx`,
+  test(name),
+  writeFileErrorHandler
+);
+
+// Create the Storybook file - my-component.stories.tsx
+fs.writeFile(
+  `${dir}/${kebabCasedName}.stories.tsx`,
+  story(name),
+  writeFileErrorHandler
+);
+
+// Create the barrel file - index.ts
+fs.writeFile(
+  `${dir}/index.ts`,
+  barrel(name, kebabCasedName),
+  writeFileErrorHandler
+);
+
+console.log(`The ${name} component has been created successfully! 🎉`);
diff --git a/tools/ui-components/utils/gen-component-template.ts b/tools/ui-components/utils/gen-component-template.ts
new file mode 100644
index 0000000000..70f268903e
--- /dev/null
+++ b/tools/ui-components/utils/gen-component-template.ts
@@ -0,0 +1,59 @@
+// component.tsx
+export const component = (name: string) => `
+import React from 'react';
+    
+import { ${name}Props } from './types';
+    
+export const ${name} = ({}: ${name}Props) => {
+  return <div>Hello, I am a ${name} component</div>;
+};
+`;
+
+// types.ts
+export const type = (name: string) => `
+export interface ${name}Props {
+  className?: string
+}
+`;
+
+// component.test.tsx
+export const test = (name: string) => `
+import React from 'react';
+import { render, screen } from '@testing-library/react';
+import userEvent from '@testing-library/user-event';
+
+import { ${name} } from '.';
+
+describe('<${name} />', () => {
+  it('should render correctly', () => {});
+});
+`;
+
+// component.stories.tsx
+export const story = (name: string) => `
+import React from 'react';
+import { Story } from '@storybook/react';
+import { ${name}, ${name}Props } from '.';
+
+const story = {
+  title: 'Example/${name}',
+  component: ${name}
+};
+
+const Template: Story<${name}Props> = args => {
+  return <${name} {...args} />;
+};
+
+export const Default = Template.bind({});
+Default.args = {
+  // default props go here
+};
+
+export default story;
+`;
+
+// index.ts
+export const barrel = (name: string, kebabCasedName: string) => `
+export { ${name} } from './${kebabCasedName}';
+export type { ${name}Props } from './types';
+`;