The Southern Tier and Upstate Revitalization Initiative Plan
At our FreshySites office in Binghamton, our team is comprised of Southern Tier natives, who take pride in working in and being a part of their home growing community. Binghamton itself has seen a growth spurt over the past several years in local businesses, restaurants and the like, and recent news has us anxious for more!
In December, Andrew Cuomo announced that the Southern Tier was one of ten regions in New York State that will receive $500 million over the next five years. “The Upstate Revitalization Initiative award will be the spark that ignites the Southern Tier to once again become a hotbed of innovation and vigorous business growth and a destination for the next generations of the nation’s best and brightest talent.”
The plan is expected to bring in $2.5 billion in private investment, create over 10,000 jobs, and have an overall $3.4 billion economic impact. Needless to say, we are excited to see the much needed boost to Binghamton!
Read more about the Upstate Revitalization Initiative and a detailed breakdown of how the money will be used here.