FOLLOWING HIS ADVOCACY, SCHUMER ANNOUNCES BINGHAMTON UNIVERSITY WILL RECEIVE $1.6 MILLION THROUGH THE EDA TO ATTRACT INTERNATIONAL BUSINESSES TO INVEST AND ESTABLISH OPERATIONS IN THE SOUTHERN TIER

Statement

U.S. Senate Majority Leader Charles E. Schumer today announced a $1.6 million federal grant from the Economic Development Administration to Binghamton University to develop the Koffman Southern Tier Incubator's Soft Landings Program to attract international companies interested in locating to the U.S. and establishing operations in the Southern Tier and throughout Upstate New York. Schumer said the program is estimated to create 365 jobs and generate $2.7 million in private investment.

"Binghamton University is a cornerstone of the Southern Tier, and this funding will help to attract new employers, create over 300 good-paying jobs, and jumpstart the region's economic development as we continue to recover from the impacts of the COVID-19 pandemic," said Senator Schumer. "I am proud to have fought for and secured this $1.6 million federal grant for Binghamton University to attract new business investment to Upstate New York. Now, many more will see what I've long-known: that the Southern Tier and broader Upstate New York region are on the rise. I will continue to fight tooth and nail to deliver the resources needed to grow the Southern Tier economy and further make Upstate New York a top location for employers to invest and create new jobs."

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