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The vision of The Agency is to be the dynamic, approachable driver of economic growth across the Greater Binghamton Region.

The Agency is the lead economic development organization for Broome County. We govern the Broome County Industrial Development Agency (IDA) and the Broome County Local Development Corporation (LDC).

We provide economic development assistance through property tax abatement programs for expansions or significant renovation projects, revolving loan programs, bond issuance for large-scale manufacturing and non-profit projects, and information on federal and state financing resources, and other technical assistance.

Who We Are

The Agency is governed by a nine-member Board of Directors Directors that is appointed by the Chairman of the Broome County Legislature. The Board governs the activities of both the IDA and the LDC.

Development Team

Board of Directors

Portrait of James R. Peduto

James R. Peduto

Chairman

IDA
Appointed: Jan 1, 2026Expires: Dec 31, 2028
LDC
Appointed: Jan 1, 2026Expires: Dec 31, 2028
Portrait of Peter G. Newman

Peter G. Newman

Vice Chairman

LDC
Appointed: Jan 1, 2025Expires: Dec 31, 2027
IDA
Appointed: Jan 1, 2025Expires: Dec 31, 2027
Portrait of DANIEL E. CROCKER

DANIEL E. CROCKER

Treasurer

IDA
Appointed: Jan 1, 2024Expires: Dec 31, 2026
LDC
Appointed: Jan 1, 2024Expires: Dec 31, 2026
Portrait of Elaine Miller

Elaine Miller

Secretary

LDC
Appointed: Jan 1, 2025Expires: Dec 31, 2027
IDA
Appointed: Jan 1, 2025Expires: Dec 31, 2027
Portrait of Joseph P. Mirabito

Joseph P. Mirabito

IDA
Appointed: Jan 1, 2025Expires: Dec 31, 2027
LDC
Appointed: Jan 1, 2025Expires: Dec 31, 2027
Portrait of Michael P. Sopchak Jr.

Michael P. Sopchak Jr.

IDA
Appointed: Jan 1, 2024Expires: Dec 31, 2026
LDC
Appointed: Jan 1, 2024Expires: Dec 31, 2026
Portrait of Daniel W. Gates

Daniel W. Gates

IDA
Appointed: Jan 1, 2024Expires: Dec 31, 2026
LDC
Appointed: Jan 1, 2024Expires: Dec 31, 2026
Portrait of Nicholas Buono

Nicholas Buono

LDC
Appointed: Jan 1, 2026Expires: Dec 31, 2028
IDA
Appointed: Jan 1, 2026Expires: Dec 31, 2028
Portrait of Kevin M. McManus

Kevin M. McManus

IDA
Appointed: Jan 1, 2026Expires: Dec 31, 2028
LDC
Appointed: Jan 1, 2026Expires: Dec 31, 2028

Committees

Governance

Committee

  • Peter Newman (Chairman)
  • James Peduto 
  • Michael Sopchak 
  • Kevin McManus
  • Elaine Miller 

Personnel

Committee

  • James Peduto [Chairman]
  • Daniel Gates
  • Joseph Mirabito

Finance

Committee

  • Daniel Crocker [Chairman]
  • Joseph Mirabito
  • Peter Newman
  • Michael Sopchak
  • Nicholas Buono

Organizational Structure

IDA Organizational Chart

Strategic Priorities

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