Southern Tier regional economic-development leaders on Tuesday released what they’re calling a “blueprint” on how the region can “cement its role” in upstate New York’s clean-energy and high-tech future.
The New York Southern Tier Cleantech Strategy highlights key industries the region can attract by pairing existing resources and research capabilities with additional infrastructure expansion and workforce-development programs.
The key industries include renewable-energy storage development, clean-transportation manufacturing, and semiconductor packaging. The effort seeks to create a wide range of jobs and economic opportunities that will “provide upward mobility for current and future residents for years to come.”
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New York City–based Newmark Group (NASDAQ: NMRK), a global development consulting firm, produced the report.
The study was commissioned by Industrial Development Agencies, or IDAs, that make up the eight-county Southern Tier, as defined by the state’s regional economic-development boundaries. A summary of the New York Southern Tier Cleantech Strategy is available at https://theagency-ny.com/economic-development-resources
“Upstate New York is experiencing a high-tech renaissance that will redefine the state’s economy and help lead the nation’s tech boom for decades to come — and the Southern Tier deserves a place in that transformational growth,” Stacey Duncan, CEO of the Leadership Alliance, said in the announcement. “I have put down roots here, raising my family in this region because I believe in our potential to generate new opportunities for future generations. With this blueprint, we have a clear path to follow to ensure that the Southern Tier soars.”
Leadership Alliance is a partnership between Broome County Industrial Development Agency/Local Development Corporation and the Greater Binghamton Chamber of Commerce.
The New York Southern Tier Cleantech Strategy builds on the region’s “growing reputation” as a hub for energy-storage research, development and manufacturing, while also positioning it as a key future supply-chain location for semiconductor and other high-tech businesses that are rapidly growing along the Thruway corridor to the north.
Site development
The Newmark study “underscores the importance” of developing a range of sites that can host new industries, from repurposing existing manufacturing and logistics facilities to developing untapped locations that can be tailored to companies’ needs.
Experts gave high marks to key sites that include the Broome Technology Park, a proposal that is aimed at creating a new sustainably focused technology park that attracts businesses in advanced electronics, semiconductors, test packaging, and related supply chains, as well as life sciences and agricultural processing.
Other sites include the Cornell Business & Technology Park in Tompkins County, Wayland Business Park in Steuben County, Southern Tier Logistics in Chemung County, and the former Matco building in Tioga County.
The next steps for strategy implementation include ongoing coordination with higher-education institutions like Binghamton University and Cornell University; NYSEG, the region’s utility provider; workforce practitioners; and other stakeholders on matters pertaining to necessary site and infrastructure upgrades, as well as development of a marketing plan to promote regional strengths.
