More money pledged for high-tech incubator

By Matt Hicks

More money pledged for high-tech incubator

July 2, 2013 Updated Jul 3, 2013 at 12:31 AM EDT

Binghamton, NY (WBNG Binghamton) A project with the goal of bringing high-tech jobs to the Southern Tier gets another boost in funding.

The U.S. Economic Development Administration has set aside $2 million for the Southern Tier High-Tech Incubator.

U.S. Sen. Charles Schumer (D - N.Y.) made the announcement Tuesday.

“This partnership between the Broome County IDA, the local government and the area’s preeminent universities is exactly what the region needs to advance business development, and in light of the repeated devastation that the local economy has endured due to flooding, it is long-awaited and well-deserved,” said Schumer.

The project is more than half way to it's goal of raising $21 million.

This money will be used to develop a shovel ready construction site for a 40,000 square foot high-tech facility.

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