Foundation In Place for Binghamton Tech Incubator
The foundation for the Southern Tier High Technology Incubator complex is being put into place in downtown Binghamton.
The $19 million project is being built on a site at Hawley and Carroll streets.
Binghamton University President Harvey Stenger expects the facility to open in 12 to 18 months.
Stenger said concrete is being poured and steel is being delivered to the project site.
The 35,000-square-foot building is to house twelve suites for new high-tech businesses.
On a recent Binghamton Now program on WNBF Radio, Stenger said he expects there will be enough start-up companies ready to occupy the incubator on "day one."
The incubator is being designed for businesses that will be involved in energy, electronics and health initiatives.
Space will be available at the site for possible future expansion.
The project is being built by Southern Tier High Technology Incubator Inc., which was formed by the Binghamton University Foundation.
For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.