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Area Development

Greater Binghamton: Taking Your Business to the Next Level

Biotech Location Guide 2007
We invite you to consider Binghamton. Our location, concentration of high technology, and quality of life make us a great fit for growing life sciences businesses.

Located along the booming Interstate 81 corridor between Scranton and Syracuse in New York's southern tier, Binghamton is a mere three hours from midtown Manhattan, and in proximity to Philadelphia, Albany, Cleveland, Toronto, and Boston.

Life sciences enterprises that choose Binghamton will join strong clusters of companies in aerospace, software, advanced manufacturing, communications, simulation, distribution, and the services. We are ranked in the top 20 in the Milken Institute's Best Performing Cities for technology concentration and growth in high-tech investment in the last five years. We are among the top 10 for creativity among communities our size in the United States.

Our regional economy of some 250,000 sports an impressive mix of big brand companies like Lockheed Martin, Gannett, Rockwell Collins, BAE Systems, Universal Instruments, Endicott Interconnect, Frito-Lay, and IBM, along with a range of smaller firms that find the region a great place to combine working and living.

We have Binghamton University, ranked among the nation's top 50 public universities, and recently named the number-one out-of-state value by Kiplinger's. The university in recent years has greatly enhanced its commitment to life sciences research and helping fledgling biotech companies take ideas to market.

Within a two-hour radius of Greater Binghamton is the largest concentration of college students in the United States. Your business would be able to draw talent from Binghamton, Cornell, Syracuse, Colgate, Cortland, Wells, LeMoyne, Hamilton, Hartwick, Oneonta and many other institutions of higher education.

In terms of affordability, BusinessWeek magazine last fall ranked Binghamton one of the 50 most affordable housing markets in the United States. Many firms in many places are having difficulty attracting workers because it is too expensive to live. That's not the case in Binghamton.

When we talk about quality of life in our part of Upstate New York, we mean excellent schools, the Tri-Cities Opera, a symphony, Champions Tour golf, strong minor-league baseball and hockey, Division I athletics, and a fast-growing arts scene.

Greater Binghamton is close to the Adirondacks, the Poconos, and the tremendous fly-fishing along the Delaware River. And if you like winery tours and tastings, we are a short distance from the Finger Lakes, featured by Wine Spectator as one of the emerging wine regions in the world.

Commute times in Binghamton average under 20 minutes. You'll hear traffic reports in our community that describe delays of up to 10 minutes as a serious problem. In our region, you can spend the day at work and be home in no time to see the kids perform in a show or play a sport.
We have a very competitive package available to new businesses. Contact us to find out how we can help you take your business to the next level.

Patrick Doyle, Director of Marketing & Business Development
Broome County IDA
P.O. Box 1510
Binghamton, NY 13902
Tel: 607-584-9000
www.bcida.com

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