Jim DiMascio Executive Director Greater Binghamton Coalition

Jim DiMascioExecutive Director

Greater Binghamton Coalition

Economic Development Project Plan

Was formed in the fall of 2002 to implement the BC Plan that was commissioned by Broome County and authored by Angelou Economics. The twelve-member Coalition is a unique consortium of public and private community leaders representing government, economic and workforce development agencies, education and the business sector. The coalition partners with local development groups to provide local and prospective businesses with all the information they need to grow and prosper in the region.

The Greater Binghamton Coalition

• Serve as the one-point-of-contact for economic development working in partnership with 15 municipal and non-profit economic development agencies through Broome and Tioga Counties.

• Serving as the one-point-of-contact, facilitate all inquiries from companies looking to expand from within or from outside of Greater Binghamton with our economic development partners with the ability to trigger the GB Rapid Response Team when appropriate.

• Maintain the Greater Binghamton Economic Development Web Portal to promote economic development on the internet within and outside our region.

• Create and manage with our economic development partners a comprehensive marketing plan to promote Greater Binghamton that compliments the web portal focusing on our target industries.

• Coordinate the creation of a physical one-stop-shop for economic development and business development incubator.

• Facilitate the Greater Binghamton Economic Development Project Management Team.

• Facilitate committees for economic development that include:– Brownfield redevelopment– Regional WiFi– Passenger Train Service

Role in Economic Development

Economic Development Partners

Broome Community

College

CornellCooperative

Extension

GreaterBinghamton

Chamber

Broome TiogaWorkforce

Development

Greater BinghamtonConvention &

Visitors Bureau

Southern TierOpportunity

Coalition

Broome CountyEmpire Zone

City of BinghamtonEconomic

Development

GreaterBinghamton

Coalition

Broome CountyIDA

SCORE

Town ofUnion

Southern TierYoung

Professionals

Tioga CountyEconomic

Development &Planning

SBDC, SPIR,& IEEC of BU

Broome CountyPlanning & Economic

Development

GreaterBinghamtonEconomic

Development

• Maintain economic development web portal- www.greaterbinghamton.com

• Create marketing print material and periodic newsletter

• Strategically market available sites• Join targeted state and national industry associations• Attend targeted industry trade shows • Sponsor strategic Economic Development events &

trade shows in Greater Binghamton• Advertise in targeted journals, and those focused on

site selectors• Use local events, Dick’s Sporting Goods Open, Spiedie Fest,

Mets, Senators, BU Bearcats, Chris Thater Memorial and Tri-Cities Opera, to market to developers, site selectors, brokers, etc.

Multi Stage Marketing Plan

The BC Plan Target Industries

• In 2002, we recommended:

• Computer equipment & electronics

• Communications Services

• Food processing

• Health Services

• Biotechnology

Keep?

X

Yes

Yes

Yes

Yes

• In Technology:

• Advanced Security

• Clean Energy

• Life Sciences

• Software & Electronics Design

• Data Centers

Good Industries To TargetJuly, 2006

• Simulation & Avionics• Biotechnology• Health Services• Communication Services• Materials Handling / Distribution• Food Processing• Advanced Security • Clean Energy • Life Sciences• Software & Electronics Design • Data Centers• Manufacturing

Target Industries

• Establish the Greater Binghamton One-Stop- Business Center

• Establish the Greater Binghamton Incubator

• Marketing of Greater Binghamton

• Maintain the Greater Binghamton Economic Development Web Portal and add searchable data base of all available properties

• Establish sustainable funding for economic development

Goals for 2007

Business Development Incubator

Counties of New York State Sales & Occupancy Tax

County Sales Occup. Total

Albany 8% 5% 13%

Cortland 8% 5% 13%

Erie 8.25% 5% 13.25%

Monroe 8% 5% 13%

Onondaga 8% 5% 13%

Tompkins 8% 5% 13%

Broome 8% 3% 11%

Ideally Situated For Your Business, Workforce & Lifestyle