National Science Foundation (NSF) officials joined Binghamton University to officially launch the Upstate New York Energy Storage Engine. After winning the designation earlier this year, Binghamton University and its New Energy New York and Engine coalition partners gathered to celebrate what this all means to the region. At a press conference on Thursday, Binghamton University President Harvey Stenger welcomed NSF Assistant Director of the Technology, Innovation and Partnerships (TIP) Directorate Erwin Gianchandani to Binghamton to help launch the Engine program. Erwin told the crowd that Sethuraman Panchanathan, director of the NSF, is pleased with the progress demonstrated to date by the Upstate [...]

Governor Kathy Hochul today directed the New York Power Authority (NYPA) to develop and construct a zero-emission advanced nuclear power plant in Upstate New York to support a reliable and affordable electric grid, while providing the necessary zero-emission electricity to achieve a clean energy economy. This builds on other opportunities announced in Governor Hochul’s 2025 State of the State to catalyze nuclear energy development in New York. “As New York State electrifies its economy, deactivates aging fossil fuel power generation and continues to attract large manufacturers that create good-paying jobs, we must embrace an energy policy of abundance that centers [...]

Why are the world’s most forward-looking companies choosing to invest in New York State? With its abundance of clean and reliable power, first-class colleges, a highly skilled workforce, and a thriving economy, high-tech manufacturers and supporting supply chain partners are capitalizing on these assets to expand their operations and grow their businesses in New York. Leaders across the state have a proven track record of encouraging pioneering investments to support diverse and prosperous local economies. Through competitively positioned loans, grants, tax credits, and real estate development, New York has some of the most competitive incentives and economic development attraction mechanisms [...]

For decades, the Southern Tier has wrestled with economic decline. Since 2000, Binghamton has lost 6,500 manufacturing jobs — a staggering 37% reduction — as losses also piled up down the road in Elmira (19% decrease) and Ithaca (25% loss). What’s more alarming is witnessing local pride fade under the weight of shrinking opportunity. But the story can, and must, change — not by clinging to the past but by leaning into new opportunities like the bright future of clean energy and advanced manufacturing. A recent strategy report commissioned by regional economic development leaders lays out a clear path forward. [...]

Business parks are purpose-built environments designed to provide businesses with everything they need to flourish. These hubs bring together organizations of all sizes, offering shared facilities, modern infrastructure, and excellent accessibility. Whether you’re a startup looking for your first office or an established company seeking an inspiring new base, business parks can offer a wealth of advantages. Below, we explore the key benefits that make business parks such a compelling choice. 1. Location and Accessibility One of the biggest draws of business parks is their location. Often situated near major transport links such as highways, railways, and airports, these spaces are [...]

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 [...]