U.S. Senator Chuck Schumer announced Friday that Binghamton University will be the recipient of a $1.6 million grant to help propel job growth in the area. 

The money will help develop BU's Koffman Southern Tier Incubator's Soft Landings Program. This program aims to attract international businesses that are interested in settling in the United States and setting up shop in the Southern Tier. The Senate Majority Leader estimates the operation will create 365 jobs and $2.7 million in private investment. The Senator wrote:

Binghamton University is a cornerstone of the Southern Tier, and this funding will help to attract new employers, create over 300 good-paying jobs, and jumpstart the region’s economic development as we continue to recover from the impacts of the COVID-19 pandemic. I am proud to have fought for and secured this $1.6 million federal grant for Binghamton University to attract new business investment to Upstate New York. Now, many more will see what I’ve long-known: that the Southern Tier and broader Upstate New York region are on the rise. I will continue to fight tooth and nail to deliver the resources needed to grow the Southern Tier economy and further make Upstate New York a top location for employers to invest and create new jobs.

Schumer says the investment will provide Binghamton with higher-paying jobs while assisting the Southern Tier in its recovery from the pandemic. He initially sent a letter to U.S. Department of Commerce Secretary Gina Raimondo as advocacy for the grant. 

The grant comes from the Economic Development Administration

Per Stromhaug, the Associate Vice President of Innovation and Economic Development at BU believes the Soft Landing program is an integral component in bringing manufacturing to the area.

“The Southern Tier Soft Landings Program at the Koffman Southern Tier Incubator will build on the momentum of the Southern Tier of New York as a hotspot for the development and manufacturing of clean energy technologies by attracting and assisting international companies providing products and services that can help the US meet the administration’s climate goals as well as create jobs," Stromhaug wrote. 

Just last month, BU's New Energy NY Project advanced to Phase Two of the American Rescue Plan's Build Back Better Regional Challenge. The school received $500,000 for its second proposal which is in competition for $100 million. For more on that, go here.