Developing the University

By Haley Burton

July 10, 2012 Updated Jul 10, 2012 at 5:17 PM EST

Binghamton, NY (WBNG Binghamton) Binghamton University looks to build on technologies developed in its labs to bring startup companies to the area.

President Harvey Stenger says he's excited about the University's economic development plans.

Stenger was the guest speaker at the Binghamton Rotary Lunch on Tuesday. His presentation was called, "Energy and Incubation: Binghamton University and Economic Development in the Southern Tier".

Stenger gave an update on the current research and economic outreach activities at the University.

This is the second year of the Regional Economic Development Councils in New York State. Binghamton University has presented a proposal to the Council to build a high-tech incubator downtown Binghamton.

"We've got good support from the regional economic development council executive committee. Of course there's a process, it has to go through a lot of evaluations and reviews but we think it's a great idea that can help us bring maybe 10 to 15 new companies downtown," said Stenger.

Stenger also says the Binghamton University Downtown Center is expected to reopen in August. It was damaged in September 2011 floods.

"It was an enormous project. Four to five million dollars of renovations that had to be done to repair the flood damage. But we had great people on the site all the time doing the work and we're on schedule. It's going to be great to have downtown back to normal," said Stenger.

Stenger also says the University is on board with the SUNY2020 plan.

The school is on target to increase by 500 students this fall semester. He says it's a mixture of students from graduates to transfers.

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