Thursday, April 17, 2014 - 3:44:12 PM

Local News

Print Friendly | Bookmark and Share

Southern Tier Receives $81.9 Million in Regional Economic Development Council Awards

In Albany Wednesday, all ten regions of New York Start part of the Regional Economic Development Council were awarded a portion of $715.9 million.

This year was the third round of the Regional Economic Development Council Initiative.

The Southern Tier was awarded $81.9 million, and one of the five Top Performer awardees.

The funds will be broken up into approximately 95 projects on a wide variety of concerns, including expanding health care programs, growing job training resources, and supporting projects to boost tourism in the region.

Specifically in Broome County, $1.25 million was awarded to fund infrastructure improvements at the Binghamton Airport.  The project includes the extension of municipal sewer service to the site so that 1,000 available acres can become shovel ready.

"We have companies who would like to develop at the airport, but we need sewer and water access that's better than what we have now.  It's time to do that," said Senator Tom Libous, 52nd district.

"One of the main things has been jobs, jobs, and jobs. And opening up that whole airport corridor having the infrastructure up there, that means jobs," said Broome County Executive Debbie Preston.

Preston said she is also pleased that a million dollars has been granted for the Office of Energy Development to re-do the parking lot of the county's Public Safety Facility.  It will install pervious pavement, rain gardens, bio-retention, and convert an existing stormwater detention pond into a functional stormwater wetland.  Preston said the project will treat stormwater on site and reduce stormwater runoff.

On the academia side, $250,000 was awarded to create a public/private partnership between Cornell University, Corning Inc., and Binghamton University, called the Southern Tier innovation Hot Spot.  The Hot Spot is to enhance the number of business services and start-up opportunities offered in the Southern Tier.

BU President Harvey Stenger said the Hot Spot will help the university know what companies will want to move into the proposed incubator in downtown Binghamton when it's complete in a few years.

"We thought this year we would build this triangular relationship between those three places and provide staffing support to try to identify the companies," said Stenger.

Governor Andrew Cuomo touted the reason New York has been labeled anti-business is because of its reputation of high taxes.  Cuomo said that has to change.

Libous agrees and said New York needs to give small businesses the opportunity to grow.

"There are a number of tax credits and opportunities within this funding for the Southern Tier that will help small businesses," said Libous.

VIEW VIDEO

View Related Articles: Binghamton, Broome County or comment on this one below.

blog comments powered by Disqus


Back Back

News system programming and website hosting by EFX internet  EFX internet


Additional Articles


David Introduces New Binghamton City Judge
There is a new judge in Binghamton city court. Binghamton Mayor Rich David introduced Carol Cocchiola to the community Thursday. Cocchiola was appointed to fill  the seat of Mary Ann Lehmann,... more

Binghamton Man Arrested After Reports of Shots Fired VIEW VIDEO
A man has been arrested following reports of shots fired in Binghamton on Saturday. 31-year-old Clyde Harrison of Binghamton is being accused of shooting another man in the foot with a handgun in... more

Police: Man Made Dozens of False Child Abuse Reports VIEW VIDEO
A Whitney Point man is facing charges after police say he made dozens of false child abuse reports. 43-year-old Harry Clauson is charged with making 48 false calls to the New York State Child... more

Asteelflash in Owego Set to Close VIEW VIDEO
A local electronics manufacturing plant will be closing its doors this summer resulting in the loss of jobs. The Asteelflash U.S. East Corporation in Owego released a WARN notice in late March... more

Owego Woman Faces Felony Grand Larceny Charges
An Owego woman pleaded guilty on Friday to stealing thousands from the shop she worked at. 47-year-old Maria McGuane admitted to stealing more than $50,000 dollars from Impressions by Brianna, on... more

Kill Switch for Your Smartphone? VIEW VIDEO
The New York Attorney General is pushing to strengthen anti-theft tools in future smartphones. Attorney General Eric Schneiderman is partnering with San Francisco's District Attorney in a program... more

Groundbreaking Geothermal Project at Greater Binghamton Airport VIEW VIDEO
The finishing touches are being put on a new geothermal project under a ramp and apron at the Greater Binghamton Airport. A constant flow of 50-degree water underground will radiantly control the... more

Click here for more local news...icon

ADVERTISEMENT

ADVERTISEMENT

 A News Story

If you are looking for a copy of a news story that we recently aired, simply click here to find out how.

FOX 40 Poll


Which Social Media Site Do You Use The Most?
 
Twitter
 
Facebook
 
LinkedIn
 
MySpace
 
Other
 
None
   

Breaking News

Do you have a tip or information about a breaking news story? Contact the FOX 40 News Desk at 607.798.0070 or send us an email .

Share to Facebook Share to Twitter Stumble It More...