Binghamton High-Tech Incubator Is in Business

A downtown Binghamton facility designed to provide high-tech support for startup companies is operational.

A grand opening event at the $19 million Koffman Southern Tier Incubator on Hawley Street was held Thursday afternoon.

The 35,000-square-foot facility was developed through a partnership that includes Binghamton University and SUNY Broome Community College.

It houses offices, high-tech labs and co-working spaces that are designed to encourage collaboration between companies.

People started moving into the new building on April 1. Binghamton University President Harvey Stenger said the Small Business Development Center and the Trade Adjustment Assistance Center were the first office groups to start using the facility.

Stenger said the complex includes some common space that may be used for community events.

The developers of the incubator have said they hope it will serve as a magnet for companies focusing on energy, electronics and health.

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