Greater Binghamton (Broome County), New York - Plan for Sustainable Economic Development

Scope of Work

AngelouEconomics was hired to create a sustainable economic development plan for Broome County, New York. Despite being the hometown location for one of the world’s largest technology firms – IBM – the Region suffered steady job losses and economic sluggishness throughout the past 10 years.

In August 2002, AE provided Broome County with a complete economic development strategy that will serve as a roadmap for the entire Greater Binghamton Region. The final reports included an organizational plan, a land use and redevelopment strategy, an incentives analysis, and a marketing plan that will guide the Region over the next five years.

Implementation Results

As a result of AE’s work, the BC Plan has received national recognition, and Senator Hillary Clinton has endorsed the plan and become personally involved in its implementation. Greater Binghamton has secured more than $1.2 million in funding to support economic development. They are developing a 21-acre Innovative Technologies Complex on the Binghamton University campus that will support AE’s recommendation of creating a biotechnology research initiative, and have received a $15 million grant from the State’s Gen•NY•sis program to fund renovations of the former NYSEG building on the campus. The building will become home to a new Bioengineering Department and the Center for Protein Dynamics, technology incubators for biotech and advanced sensor design companies, research laboratories, as well as home to the Division of Research, which oversees technology transfer and economic outreach.

In 2003, aerospace company NLX opened a facility in Greater Binghamton that created over 350 jobs with an average salary of $65,000. NLX specializes in high-fidelity simulation systems that provide training to aircrews, navigators and maintenance personnel for military and commercial applications. The 100,000 sq. ft. facility in Greater Binghamton will house new research, design, and manufacturing operations for NLX.

In March 2004, the Gannet, Inc. (Press and Sun-Bulletin) announced the construction of a state-of-the-art printing facility worth $48 million on one of the priority sites identified by AngelouEconomics for redevelopment. Greater Binghamton has also recruited the corporate headquarters and distribution for Maines Paper & Food, Inc., one of the largest food distribution companies in the U.S.

Greater Binghamton in the news:

A 2020 Vision for the Economy:  Students Coalition Aims to Improve Region's Development Efforts

Greater Binghamton Coalition Advances BC Plan Goals
Retaining the Young Population

Greater Binghamton Report to the Community: Coalition Announces Progress in Greater Binghamton Since the Completion of the BC Plan

Press Project to Start Rebirth of EJ Brownfield

A Year Later - A Look Back at the Broome County Plan

Coalition Launches Marketing Campaign, New Logo Promotes Greater Binghamton

Senator Hillary Clinton Voices Support of the BC Plan

Flight Simulation Firms Touch Down in New York, Binghamton

Tier Groups to Join Forces

Economic Team Rolls Up its Sleeves to Put Plan into Action
Coalition Plans for Future