Chenango County's Economic Forecast

By Kelly McCarthy

February 13, 2013 Updated Feb 14, 2013 at 3:25 AM EDT

Greene, NY (WBNG Binghamton) An economic forecast for Chenango County predicts expansions of Binghamton University will be seen in other counties.

BU President Harvey Stenger issued the keynote address Wednesday morning at the 2013 Annual Economic Forecast Breakfast for Chenango County.

He says the economy isn't bound by county lines, and upcoming projects like the industrial incubator will serve residents outside of the university's home in Broome County.

Stenger, who is co-chairman of the Southern Tier Regional Economic Development Council, says one the the committee's goals is to approve proposals for economic assistance to businesses.

"I believe last year some money was probably left on the table because we didn't have as many proposals as we thought we could have. So one of the thoughts today is to really encourage people to think outside of the box," Stenger said.

The NY SUNY 2020 proposal outlines a growing campus and jobs, all of which are accessible to those in surrounding counties.

"There's usually only one or two degrees of separation from Binghamton University from most of the people in the southern tier, that includes the eight counties in our region, whether you have a friend who works there, or a son or daughter that goes there, or if you had gone there in the past," Stenger said. "So it's kind of exciting to be connected to the community that well."

The Southern Tier was one of the top winners of the Regional Economic Development Council awards from the state, receiving $91.1 million.