Most of the Space at Binghamton Incubator Leased

Binghamton University officials say most of the available space at a new downtown high-tech incubator now has been leased.

The first occupants moved into the Koffman Southern Tier Incubator on Hawley Street in April.

The $19 million facility was developed through a partnership that includes Binghamton University and SUNY Broome Community College.

Binghamton University President Harvey Stenger said 35 of the 45 leasable spaces now have been rented. That accounts for 78 percent of the available space in the complex.

Speaking on WNBF Radio's Binghamton Now program, Stenger said he's excited about some of the ideas being pursued by companies that are using the incubator.

Stenger described the incubator concept as as "a slow regrowth process." He said "it's like planting lots of seeds" for future development, a process that requires some patience.

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