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Council Picks Priority Projects for State Funding

The Southern Tier Regional Economic Development Council has identified 28 priority projects that it hopes to receive state funding for.
The Southern Tier Regional Economic Development Council has identified 28 priority projects that it hopes to receive state funding for.

This week, Empire State Development outlined the companies and municipalities that stand to benefit if our region takes a top spot in the regional competition for state economic development funds, like it has in the past.

In addition to the well publicized projects including money to help rehabilitate 50 Front St. in Binghamton, which is a former hotel and most recently Renaissance Plaza, Security Mutual wants to build a 350 spot parking garage next to its headquarters in downtown Binghamton.

The company could receive $2 million from a state capital fund to help with the cost, which is pegged at nearly $9 million.

And, the Association for Vision Rehabilitation and Employment is seeking $500,000 to help it make upgrades to its facility and buy new equipment for its manufacturing operations downtown.

Nine new jobs would be created from the project.

SUNY Broome is also seeking money to help convert the former Carnegie Library on Exchange Street in Binghamton into classrooms.

You can see the full list of projects that have been submitted at RegionalCouncils.NY.gov.

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