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APPLY FOR BENEFITS

As a public organization, we work hard to assist in the economic development of Broome County. We have two separate entities designed to accomplish this purpose, the IDA and the LDC.

To apply for financial assistance, you must first complete an application to be considered by our staff and board of directors.

Select an application by clicking on the appropriate button below. This will download a PDF document with step-by-step instructions and the application.

A YEAR IN PICTURES

Here is a glance of our 2016-2017 spotight projects. We've invested a total of $146,306,754 to help these projects grow and most importantly impact our local economy with the addition of 518 jobs. 


Pictured: Dick's Sporting Goods, Inc. Regional Distribution Center, Century Sunrise Development, FIVE South College Drive, 50 Front Street, and Koffman Southern Tier Incubator.

We Drive Success

The Agency has supported a diverse portfolio of projects for the purpose of new job creation, expansion of the local tax base and catalyzing new market opportunities. We’ve helped businesses begin, expand, and relocate to Broome County. We’re ready to help your project thrive.

View our portfolio below.

Downtown Revitalization

Koffman Southern Tier Incubator | Downtown Binghamton

The IDA provided $2 million in assistance to secure the location of the Koffman Southern Tier Incubator in downtown Binghamton. This project fosters the growth of the entrepreneurial ecosystem and supports the growth of an emerging clean energy sector in Broome County.

Printing-House Student Housing | Downtown Binghamton

A PILOT was granted to Chenango Place, LLC to assist in the renovation of 20-24 Wall Street and 7-9 Court Street. This 125,000 square project will host retail on the first floor and loft apartments for the young professionals and students on the upper floors. The historic building has been vacant for 20 years, completely rehabilitating is very positive for the city of Binghamton. 

One Wall Street Project | Downtown Binghamton

In 2014 a PILOT was granted to Chenango Place, LLC to assist in the renovation of 20-24 Wall Street and 7-9 Court Street. This 125,000 square project will host retail on the first floor and loft apartments for the young professionals and students on the upper floors. The historic building has been vacant for 20 years, completely rehabilitating is very positive for the city of Binghamton.

STELLAR 83 COURT LLC | Downtown Binghamton

The Historic rehabilitation of the 102,874 square foot Midtown Mall in downtown Binghamton which was built in 1873 and has been vacant for the last 30 years. The building is located directly across from the Historic Broome County Court House. This property has been transformed into housing for university students who want the convenience of a great location near campus coupled with energetic vibe of a downtown loft. From private bedrooms with designer furnishings to super fast high-speed Internet access and community hangouts, students can have it all at University Lofts. University Lofts is truly a community within a community. \n\n 

TWIN RIVER COMMONS | Downtown Binghamton

Twin River Commons was the first upscale student housing developments in downtown Binghamton aimed at attracting students to downtown living opportunities.  Opened in 2012, Twin River Commons provides fully furnished student apartments with all the comforts of home and high tech amenities. Twin River Commons is located next to Binghamton University's Downtown Center and provides a unique all-inclusive living experience for Binghamton students. The Agency provided PILOT assistance for this dynamic and catalyzing economic development project.

VITALUNA, LLC, | Downtown Binghamton

We approved a PILOT for Vitaluna, LLC, to assist in the revitalization of 2 Court Street, an anchor property along the Chenango River in downtown Binghamton. Among the tenants are Merrill Lynch with more than 8,500 sf. on the first floor, the General Services Administration, and several law firms. The building is more than 90% occupied. Vitaluna has invested $6.2 million in the building including $3 million on infrastructure inside and outside. Exterior improvements include state-ofthe- art storm water planters, design and installation of new concrete walk surfaces, waterproof membranes on the verandas and a green roof on two floors.

Century Sunrise Redevelopment | Downtown Johnson City

The Century Sunrise Redevelopment project, located at 135-139 Baldwin Street in the Village of Johnson City is a mixed-income, mixed-use redevelopment project that includes 104 workforce and market-rate apartments and approximately 10,000 square feet of commercial space. These buildings are immediately adjacent to the Binghamton University School of Pharmacy & Pharmaceutical Sciences and Decker School of Nursing. This project will result in the creation of 11 new jobs. Century Sunrise will be a catalyst in the downtown Johnson City revitalization.
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Community Investment

SUNY Broome Student Village | DICKINSON

The Agency provided SUNY Broome with a BOND for its Student Village, consisting of a 4 story housing facility locate right on Campus. 
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Business Growth Loans

Pacemaker Steel | BINGHAMTON

In addition to their operation in Binghamton, Pacemaker Steel acquired a new facility to provide additional product offerings, added value services and to expand their existing product line. This project will enable Pacemaker to expand their sales in the east and southern areas of the U.S. Pacemaker’s expansion will result in the creation of 5 new jobs and the retention of 25 jobs.

DICKS SPORTING GOODS REGIONAL DISTRIBUTION CENTER | BROOME CORPORATE PARK, CONKLIN

Plans were announced to construct a 650,000 square foot Dick’s Sporting Goods, Inc. Regional Distribution Center in the Broome Corporate Park. This state-of-the-art facility will service more than 200 retail stores in the northeast and supports the creation of approximately 466 new jobs.

Triple Cities Metal Finishing Corporation | Conklin

Triple Cities Metal Finishing Corp. has been approved for a $175,000 loan to assist them in the purchase of machinery and equipment for use in their high production metal finishing business. The company wanted to remain competitive and to continue that it must add new equipment to its production lines. Also, the applicants conservatively estimate that the project will create a total of 12 new full-time jobs in three years.\n\n 

MS Machining | Binghamton

Mechanical Specialties Company has been providing prototype-machining services since its inception in 1957. The Agencyapproved a loan in the amount of $76,500 to assist the company to acquire more machinery and equipment to be used in their machine shop business in the city of Binghamton.
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Find the Right Location

FIVE SOUTH COLLEGE DRIVE | DICKINSON

Through a grant from the New York Economic Development Assistance Program (NYEDAP), The Agency has facilitated the construction and will become owner of FIVE South College Drive, an economic and business development center on the SUNY Broome Community College campus.  FIVE South College Drive will house the offices of The Agency, the Alliance for Manufacturing & Technology, the Greater Binghamton Chamber of Commerce and Convention & Visitors Bureau, the National Development Council, the New York Business Development Center, and will include a Visions Federal Credit Union branch. We believe in the quote "Alone we are smart. Together we are brilliant." - Steven Anderson 

KMCC Ventures, LLC | KIRKWOOD

KMCC Ventures, LLC, operating as Nealon Transportation was able to relocate as part of the Dick’s Sporting Goods, Inc. project. Nealon Transportation will build a new facility for their operations in the Town of Kirkwood. This project will create 1 new job and retain 16 existing jobs.

ADEC Solutions | CONKLIN

ADEC Innovations is a global business process outsourcing company with offices throughout the world including the United Kingdom, Australia, Singapore and the Philippines , to name a few.  Their clients include companies in the fields of healthcare, banking, media and entertainment, aerospace, legal, human resources and housing. ADEC purchased 56 Corporate Parkway from The Agency, a building that had never previously been on the tax rolls. We provided loan and PILOT assistance for this project. 

SKYE VIEW HEIGHTS | ENDICOTT

The Agency approved a PILOT for the Skye View Heights project, located in the Village of Endicott. Construction of 26 new two family houses, along East Franklin St, Groats St and Overton St for a total of 52 two-bedroom units. The project is geared to the 55 and older retired population. 

Tool Room Express | CONKLIN

Tool Room Express is a manufacturer of custom injection molding parts, specializing in offering custom rapid part design and injection molding services. With a sales tax exception granted at $20,000, we aided in the acquisition and relocation of manufacturing to an 11 acre facility in Conklin equipped with new offices and electrical upgrades. 
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Agriculture

BROOME COUNTY FARMERS MARKET | DICKINSON

The Southern Tier Regional Farmer's Market is giving the area’s farmers an opportunity to sell their fresh produce year round. The new building, located behind Cornell Cooperative Extension on Upper Front Street, has 8,000 square feet and room for 36 vendors, it also includes a commercial kitchen where farmers will be encouraged to test and create products. The IDA provided $250,000 in assistance to aid in the construction and development of the Broome County Regional Farmer’s Market in the Town of Dickinson. This project supports the growth of an important industry sector - agriculture.
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NOTICE

We have officially moved our office. We are now located at FIVE SOUTH COLLEGE DRIVE in BINGHAMTON, NY 13905 near the SUNY Broome Campus.