Binghamton University shares incubator plans

By Michelle Costanza

February 22, 2013 Updated Feb 22, 2013 at 1:54 AM EDT

Binghamton, NY (WBNG Binghamton) In an effort to bring new jobs to the community, plans for a high-tech incubator are underway in Binghamton.

Binghamton University President Harvey Stenger held a meeting Thursday night to present current plans with the community, which were met with high support.

The incubator will house 10 to 12 start-up companies at a time, and will provide an estimated 100 jobs at its opening.

The current plan will make the facility a place of "one-stop-shopping" for matters concerning business development as well as legal, financial and marketing plans, officials said.

Focusing on smart-energy, healthcare and electronic systems integration, the incubator will help to jump-start the region and revitalize the Binghamton area with cutting-edge technology and products, Stenger said.

"Because it's going to be close to downtown, I think it will be a great place for young professionals to work and to live. We think it will have a big positive impact on the community through their participation- whether it be in shopping, eating, or working at the facility," Stenger said.

The future location of the incubator will be at the intersection of Hawley and Carroll streets.

Plans for the facility are in the design phase, and officials are anticipating construction to begin within the next year.

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