Koffman Southern Tier Incubator Awarded $1.6M EDA Grant
Last week, Binghamton University received a $1.6 million federal grant from the U.S. Economic Development Administration to develop the Koffman Southern Tier Incubator’s Soft Landings Program to attract foreign business investment in Upstate New York and advance the creation of high-paying jobs. This EDA project, which will be matched with $404,730 in local funds, is expected to create 365 jobs and generate $2.7 million in private investment.
“The Southern Tier Soft Landings Program at the Koffman Southern Tier Incubator will build on the momentum of the Southern Tier of New York as a hotspot for the development and manufacturing of clean energy technologies by attracting and assisting international companies providing products and services that can help the US meet the administration’s climate goals as well as create jobs,” said Per Stromhaug, Associate Vice President of Innovation and Economic Development at Binghamton University in a statement from Senator Schumer’s office.
Read the full press release to learn more about the Soft Landings Program at the Koffman Southern Tier Incubator and its projected impact on the region.