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Binghamton University Backing New Businesses

Bob Joseph/WNBF News

Five businesses are planning to expand or locate at Binghamton University under a state tax break program.

State officials have announced the firms are expected to create up to 83 jobs in tax-free areas at the university in the town of Vestal.

The businesses are to operate at the Innovative Technologies Complex or in the Center of Excellence Building on the Binghamton University campus.

The companies participating in the program are: Advanced Material Analytics, Charge CCCV, ClickCare, Innovation Associates and Sonic Blocks.

Binghamton University president Harvey Stenger says the firms “represent the types of industries that will be driving our region forward in today’s global economy.”

Under the state economic development program, participating businesses may operate tax-free for a decade by partnering with universities and community colleges.

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