BINGHAMTON, N.Y. April 29, 2025 – Southern Tier regional economic development leaders today released a blueprint on how the region can cement its role in Upstate’s clean energy and high-tech future by creating a wide range of jobs and economic opportunities that will provide upward mobility for current and future residents for years to come.   Produced by Newmark, a global development consulting firm, the New York Southern Tier Cleantech Strategy highlights key industries — including renewable energy storage development, clean transportation manufacturing and semiconductor packaging — that the region can attract by pairing existing resources and research capabilities with [...]

In today’s environment, businesses may find significant advantages in establishing operations within business and industrial parks. There are numerous reasons as to why businesses locate within such facilities. Operating at a site that caters to their needs, companies can perform at their best and provide top-of-the-line products and services. Business and industrial parks may provide cost-effective operational benefits such as lower overhead expenses and potential tax incentives. These parks are equipped with specialized infrastructure tailored to specific industrial needs. Many industrial parks are strategically located near transportation hubs like highways, railways, airports, and ports. Industrial parks benefit from the logistical [...]

As technology continues to evolve, the demand for IT businesses is increasing rapidly. These businesses require an environment that fosters innovation, productivity, and collaboration. Tech parks provide the ideal environment for IT businesses to thrive. Let's take a closer look at how tech parks can benefit IT businesses. World-class infrastructure Tech parks offer world-class infrastructure that includes high-speed internet, power backup, air conditioning, and security. These facilities provide an excellent working environment for IT businesses. The infrastructure in tech parks is designed to cater to the specific needs of IT businesses, ensuring that they have access to all the necessary [...]

ENDICOTT, NY – (WIVT/WBGH) BAE is planning a major expansion in Endicott as it invests more in electric aviation technology. BAE is planning a $65 million expansion on the Huron Campus to accommodate a new battery production line, lab space, and new office space. According to Empire State Development, the aerospace technology firm has committed to adding 134 new jobs while occupying an additional 150,000 square feet of existing space on the Huron Campus. The batteries will be developed for electric and hybrid electric airplanes. Planning for the expansion has been in the works for months, with some employees already [...]

The proposed Broome Technology Park development on Airport Road is currently undergoing studies on properties in the towns of Union and Maine. Dozens of consultants are currently working on various studies covering environmental, air and traffic impacts the development may have, said Stacey Duncan, executive director at The Agency. Multiple public comment and information sessions were held in 2024, where Broome County residents were able to share their questions and concerns regarding the project. The development is projected to bring $1 billion of economic impact to the county per year once it is constructed. Broome Technology Park moving forward with [...]

The environmental review process for Broome Technology Park continues to move forward. As part of this work, The Agency recently utilized drone technology to gather detailed topographical data and assess what impacts the development would have on viewsheds in the surrounding area. Looking ahead, additional studies are scheduled for 2025 as part of the State Environmental Quality Review Act (SEQRA) process. These reviews will help ensure that future development aligns with both community needs and environmental best practices. We’ll continue to provide updates as more information becomes available. Meanwhile, click here for learn more about the SEQRA process and the final scope [...]