Vestal, NY (WBNG Binghamton) President Harvey Stenger says the University is excited about the big news. Governor Andrew Cuomo approves NYSUNY 2020 application for Binghamton University.
Binghamton University's comprehensive plan includes the development of a $70 million Smart Energy Research and Development facility that is expected to create more than 840 jobs by 2017.
"It's been a long time coming and I'm very excited for the future of Binghamton University," said Harvey Stenger, Binghamton University President.
The facility will be built directly below the Center for Excellence, which is under construction right now on campus.
Stenger says it will be a 50,000 to 60,000 square feet facility. The design, he says, will take 12 to 18 months and that portion can begin immediately. Construction will begin after and continue for two to three years.
The University will hire new researchers and faculty, expand its technology development, create public/private research partnerships and increase academic offerings and upgrade facilities.
"It will also allow us to expand our Undergraduate and Graduate population by 2,000 students over the next four years and grow our faculty and staff by about 350 members, plus a growth in the local employment base to total about 840 jobs over the next five years," said Dr. Harvey Stenger, President of Binghamton University, "We're quite excited about the Governor's decision to make this move forward."
Assemblywoman Donna Lupardo is Chair of the Legislative Commission on Science and Technology.
"Binghamton is one of the top research facilities, not only in the state but in the country and they are going to be doing some top notch state of the energy research that will help build our energy future. It's very very exciting," said Lupardo (D), NYS 126th Assembly.
The new facility will expand research in solar and thermoelectric energy harvesting, energy storage technologies, energy-efficient electronic systems and sensors for energy resource management. There will also be a collaboration of research between students and faculty and businesses in the region.
The Challenge Grant Program, along with rational tuition and maintenance of effort policies, are a part of the NYSUNY2020 legislation signed by Governor Cuomo in August 2011. The law helps New York's public universities become leaders in regionally-focused economic development all the while maintaining affordable education opportunities and strong educational quality.