Customizable Services

The Agency provides an array of services whether you want to start a business, expand, relocate or find a property that will suit your project needs.

We work hard every day to deliver customized business development services, innovative strategies and financing tools to support a thriving business climate in the Broome County area.

WHY WORK WITH THE AGENCY?

BECAUSE WE UNDERSTAND THAT EVERY PROJECT IS DIFFERENT AND WE WILL WORK TO ADDRESS YOUR NEEDS WITH KNOWLEDGE AND EXPERIENCE.

why know your

MARKET?

Understanding your market will help guide your business decisions. Need a strategic location, access to cutting edge research? We are just the place for you.

things you should know about our

WORKFORCE.

Broome County and the Southern Tier has the largest percentage of scientists and engineers in the state. Couple that with a diverse and talented workforce - a recipe for business success.

what makes broome county

THE PERFECT SIZE.

We have the perfect blend of urban lifestyle with natural beauty. Great schools, arts, culture and recreation make for the perfect work-life balance.

BUSINESS RETENTION & EXPANSION

The Agency has a number of programs to help expand our existing business base. Your growth is our success.

GROW BROOME FUND

The Grow Broome Fund is the operational and marketing name affiliated with the Grow America Fund, a NYC-based Community Development Financial Institution (CDFI) licensed under the U.S SBA Preferred Lenders Program (PLP). We focus on providing flexible and patient expansion loans to established small businesses, manufacturers and distributors.

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BUSINESS DEVELOPMENT FUND

The Business Development Fund is designed to stimulate the creation and expansion of small business for the purpose of retaining and/or creating jobs in Broome County. The BDF provides low interest financing to small business concerns unable to fully finance their projects with equity, conventional financing, or other private and public sources.

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STEED FUND

The Southern Tier East Economic Development Revolving Loan Fund Program (STEED) is designed to stimulate the creation and expansion of small business for the purpose of retaining and/or creating jobs in Broome, Chenango, Cortland, Delaware, Otsego, Tompkins, Tioga and Schoharie counties of New York State.

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PROJECT DEVELOPMENT

INCENTIVES & TECHNICAL ASSISTANCE

There are a number of ways that The Agency can provide assistance to your project. Here are a few:

  • 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

The Agency works with our economic development partners to identify:

  • Grants, low interest loans, and tax credits through Empire State Development, the State's Economic Development arm
  • Financing opportunities through the City of Binghamton and Town of Union economic development agencies
  • Eligibility for tax credits through START UP NY via Binghamton University and SUNY Broome Community College
  • Eligibility for Southern Tier Start Up Alliance tax credits for companies located in the Center, our small business incubator Downtown Binghamton

Additionally, we CAN PROVIDE TECHNICAL ASSISTANCE AND SUPPORT IN THE FOLLOWING:

  • Assistance with Consolidated Funding (CFAs) for state funds
  • Assistance with applying to the Southern Tier's Community Revitalization
  • Agriculture, Community Revitalization and Shovel Ready Funds through NYS
  • General Business Assistance
  • Market and Workforce Development research
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Customized Project Form

We appreciate your interest in working with The Agency. Complete the form below to initiate the process.

Project Type

Small Business Start-Up

Small Business Expansion

Project Development

Project Expansion

Talent Recruitment

Intern Recruitment

Other (submit details below)

Contact Information

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