Uncle Sam helps Broome County business

By Caroline Goggin

July 25, 2014 Updated Jul 25, 2014 at 6:28 PM EDT

Vestal, NY (WBNG Binghamton) A roundtable discussion was held at Binghamton University to talk about the future of high-tech businesses and startups in the area.

New York State Senator Kirsten Gillibrand (D) toured the suites of the university. In each suite, she met a new inventor and a new business concept.

Advancements in nanotechnology, fighter jets and medicine were just a few of the ideas that small business leaders hope come to fruition in the Southern Tier.

During the roundtable discussion, the senator and U.S. Small Business Association (SBA) administrator Maria Contreras-Sweet educated attendees on various loans and programs the SBA can offer to help businesses succeed.

Officials told Action News that Binghamton University and other entities in Broome County are already fostering the concepts of startups.

"Any kind of product that has a market, these entrepreneurs are coming up with ideas and what Binghamton University is doing is trying to facilitate that," said Gillibrand.

Maria Contreras-Sweet echoed that thought.

"We saw a very effective one here in action that's helping to develop nanotechnology," said Contreras-Sweet. "The future, the future of job creation, is through technology."

Despite the praise from both figureheads, frustrated business owners in the Southern Tier said they need more capital and work to stay alive.

Officials directed those who were upset to various financial programs the SBA offers.

For a list of programs and financial aid, visit the SBA's website.

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