Broome Technology Park

The New York Independent System Operator (NYISO) released Power Trends 2025, the company’s annual state of the grid and markets report. Power Trends 2025 details how reliability margins continue to decline as fossil-based generation retires and new supply resources are not keeping pace with expected demand growth. Further, the report examines the impact on the electric system from an increase in large loads, such as semiconductor manufacturing, generative AI and data center projects. “The grid is undergoing rapid and instrumental change,” said Rich Dewey, President and CEO of the New York Independent System Operator. “We continue to observe declining reliability margins while [...]

Broome County stands at the cusp of an exciting new chapter with the development of the Broome Tech Park. This initiative has the potential to become a hub for innovation, business growth, and job creation, building upon the region's existing economic foundations. While the concept of a tech park isn't new, by understanding the successes of similar developments, both locally and beyond, we can better appreciate the promise the Broome Tech Park holds for our community. The Value of Business Parks: The Broome Corporate Park Story For years, Broome County has benefited from established business centers like the Broome Corporate [...]

The Broome County Industrial Development Agency (BCIDA) has been awarded a $500,000 grant through Empire State Development's Focused Attraction of Shovel-Ready Tracts (FAST) NY program to launch a comprehensive study of power and wastewater infrastructure serving the towns of Maine and Union, particularly the area north of Johnson City. The study will analyze needed wastewater and power infrastructure upgrades that would support economic development in Broome County, including the proposed Broome Technology Park. The engineering studies will focus on improving wastewater infrastructure along a key corridor near the Oakdale Commons and upgrading power capacity from NYSEG to power the Tech [...]

The Southern Tier knows what it means to build. My home region spent much of the 20th Century building technologies that changed global industries, powered the American workforce and laid the foundation for innovation that continues to shape our future. But no matter how advanced the product or how skilled the talent, none of it works without power. Reliable energy has long been one of Upstate’s greatest advantages — but that edge is no longer guaranteed. In early June, the state’s electric grid operator issued a report detailing that the reliability margin — the gap between demand and total supply [...]

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 [...]