DICKINSON — The Agency, a prominent economic-development organization in Broome County, recently moved into a newly constructed building that will house a number of business development organizations, including the Greater Binghamton Chamber of Commerce and the New York Business Development Corporation. The Agency, which comprises the Broome County Industrial Development Agency and the Broome County […]
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DICKINSON — The Agency, a prominent economic-development organization in Broome County, recently moved into a newly constructed building that will house a number of business development organizations, including the Greater Binghamton Chamber of Commerce and the New York Business Development Corporation.
The Agency, which comprises the Broome County Industrial Development Agency and the Broome County Local Development Corporation, completed the move to 5 South College Drive in the town of Dickinson on Sept. 19. The Agency’s new office is situated at the southeast entrance of the SUNY Broome Community College campus and is just over one mile away from the organization’s previous home at 60 Hawley St. in downtown Binghamton.
The Agency is both a tenant and the owner of the building.
The construction project was fully funded with a $4.35 million grant from the New York Economic Development Assistance Program. The grant was secured by State Senator Tom Libous before he died last year.
The purpose of the building is to serve as a “one-stop-shop” for businesses, Stacey Duncan, deputy director of community and economic development at The Agency tells CNYBJ.
Discussion of a “one-stop facility is not new” to Broome County with “many attempts” in the past to create a single location for economic and business development, but none had progressed to the point of building a brick and mortar facility until now, according to the Agency.
“Our goal ultimately is to have a very accessible and approachable center for the business community in Broome County, whether somebody is looking to register for the first time or just wants to ask questions,” Duncan notes.
The Greater Binghamton Chamber, New York Business Development Corp., Visions Federal Credit Union, Alliance for Manufacturing and Technology, and the National Development Council will move into the same building in October.
“We work closely with all these organizations, and I think the benefit to being in such close proximity is that I think we can more proactively find ways to collaborate on programs with each other,” Duncan says.
The two-story building encompasses 70,000 square feet and also contains offices available for other organizations to lease. Endwell–based Delta Engineers, Architects & Land Surveyors designed the building and Binghamton–based Fahs Construction Group served as the construction manager.
The Agency provides Broome County businesses with property tax abatement programs for expansions or significant renovation projects, revolving-loan programs, bond issuance for large-scale manufacturing and nonprofit projects, information on federal and state financing resources, and other technical assistance, according to the organization’s website.
A ribbon-cutting ceremony for the new offices is expected to be held later this year, according to The Agency.