The Broome Factor
Broome County is the perfect size for Business Opportunity.
The Greater Binghamton economy is Upstate New York’s sixth largest generating nearly $7 billion in economic activity per year. The region is ranked in the top 10 for creativity among communities its size in the United States.
Looking for strategic sites for your project? Let us work with you to identify the location for your business needs.
Binghamton University is ranked among the nation’s top 50 public universities, and was recently named the number one out of state value by Kiplinger’s. Our K-12 system includes top ranked schools in New York and the United States.
SUNY Broome Community College is recognized as one of the finest community colleges in the United States.
Industrial / Commercial Real Estate
The Greater Binghamton commercial market has 31.8 million SF of industrial space and 5.5 million SF of office space. Office Snapshot 4th quarter, 2013 Industrial Snapshot 4th quarter, 2013
- Health Care and Education
- Tourism & Hospitality
- Manufacturing – Aerospace, Computer & Electronics
- Professional, Technical and Business Services Growth Sectors
- Renewable Energy
- Advanced Manufacturing – Small Systems Integration, Next Generation Transportation
- Agriculture – Food Processing
- Health Care
STRATEGIC INDUSTRIAL AND COST ADVANTAGES
With major highway systems intersecting in Binghamton, the area has become known as the crossroads of the Southern Tier. The Southern Tier Expressway, NY Route 17 (future I-86), crosses the area in an east-west direction and places Binghamton on a direct, limited access route between New York City and major Midwestern cities, including Chicago and Cleveland.
The North-South Expressway, Interstate 81, ties the region to Canada, central New York, Pennsylvania and points South. Interstate 88 links Binghamton directly to Albany, New York State’s capital, and to other important northeastern markets, including Boston and Montreal.
Interstate 88 links Binghamton directly to Albany, New York State’s capital, and to other important northeastern markets, including Boston and Montreal.
Broome County is your gateway to the world via the Greater Binghamton Airport.
There are a number of ways that The Agency can provide assistance to your project.
Site Selection Assistance
Payment-in-Lieu- of Taxes (PILOT) The Agency has a standard PILOT THAT will defer a portion of real property taxes for up to 15 years. Terms beyond 15-years require additional consideration.
4-8% Exemption of Sales Tax
Industrial Bonds for larger manufacturing, industrial or construction projects.
Low interest loan financing through our in-house loan programs
General Business Assistance
- Binghamton University - 5,943
- United Health Services, Inc. - 5,428
- Lockheed Martin - 2,700
- Broome County Government1 - 2,500
- Lourdes Hospital - 2,311
- BAE Systems - 1,300
- i3 - 1,100
- Maines Paper & Food Service - 1,100
- IBM - 1,100
Companies located in Broome County also have access to cutting-edge research coming out of Binghamton University:
The average commuting time is 20 minutes or less, which can take you from one of our quaint rural towns to the center of Downtown Binghamton.