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.


Back to All Articles

Posted on Jan 20th, 2023

GMS Realty LLC to Bring New Energy to Former K-Mart Plaza

Binghamton Business News

Following a public hearing hosted at the Village of Endicott Town Hall on Tuesday, January 17 at 5:00 PM, the Broome County Industrial Development Agency Board of Directors voted to approve a PILOT application from GMS Realty, LLP at this month's Board Meeting. GMS Realty, LLP will acquire, renovate, and equip the properties and building located at 219 Vestal Avenue, 216 Harrison Avenue, and 216 Harrison Avenue Rear in the Village of Endicott, Town of Union, Broome County, New York. The property is more commonly known as the former K-Mart plaza, which GMS Realty purchased in June 2022. Its affiliated entity, Green Mountain Electric Supply, Inc. (GMES) has been a wholesale supplier of electrical supplies and a third-generation family-owned business since 1953.

GMES will use the modernized facility for electrical materials and supplies in connection with its wholesale business. This facility will help fulfill its 11 New York branch locations - including the recent location opened in Binghamton. The project is proposed to fit-out a location for its wholesale business, where GMES will receive material from its vendors, store it, and then ship it out to and from its branch locations.

Green Mountain Electric Supply will not make any additions to the 100,000-square-foot building, and will only be renovating the current building, and its approximately 17 acres. The developer also hopes to work out an agreement with the local municipality to create a new pathway from the school to the portion of the property located behind the McDonald's where the developers are also looking at adding in some green space open to community use. 

Green Mountain Electric Supply is a high-growth company that is proud to have strong ties to its local communities. The building will be fully renovated along with the properties, and instead of being an eyesore to the community, it will soon become a location that the Village of Endicott can be proud of. Additionally, GMES anticipates creating 75 construction jobs for the renovation and plans to hire nearly 30 people after completing the project.