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Early Look at Where The $500 Million is Going

Posted:
By Jason Weinstein.
The Southern Tier won the $500 million from the state as part of the Upstate Revitalization Initiative. Of the half-billion dollars, $117 million has already been allotted to 100 projects throughout the Southern Tier.

Two projects in Broome County will receive at least two million dollars. Binghamton University is getting $2 million to renovate 48 Corliss Ave in Johnson City. That will be the site of BU's new pharmacy school, which will anchor a new health sciences and technology innovation park.

Binghamton's Urban Renewal Agency is getting almost $3.5 million to develop 7 Hawley Street into a mixed-use parking, residential, and retail facility. In Tioga County the Village of Waverly is getting $2 million to expand and upgrade it's waste water treatment facility. Upstate Shredding in Owego will also get $1 million to help construct a new 30,000 square-foot facility in the Tioga Industrial Park.

To see the complete list of projects you can go to here.

The Upstate Revitalization Initiative Plan, divides the plan to building the Southern Tier's economy into four parts:

- Build the Greater Binghamton Innovation Ecosystem
- Invest in the Advanced Manufacturing Industry
- Transform the Food and Agriculture Industry
- Promote the Southern Tier’s Innovative Culture

Some of the projects included in these plans are:

- The City of Binghamton iDistrict
- The Johnson City Health and Cultural iDistrict
- The Endicott Advanced Manufacturing iDistrict
- The Transform Greater Binghamton Fund
- Invest in a $150 million manufacturing facility in Broome County
- The Southern Tier Manufacturing Workforce Awareness and Recruitment
Promotion Program targeted at the skilled worker
- Plant Science Innovation and Business Development Center at Cornell
University
- Beef and Cattle Research Program
- Tourism Entrepreneurship Incentive Fund
- Promotion programs such as Authentic American Experience in Our
Downtowns project

To read more about these programs and a long list of others, you can read the Upstate Revitalization Initiative Plan
here.