BINGHAMTON — Five businesses will expand or locate in Binghamton through the START-UP NY program, the initiative that creates tax-free areas associated with colleges and universities statewide. The state projects the five businesses will invest $2.3 million and create more than 80 new jobs in tax-free areas that Binghamton University sponsors, according to a July […]
Get Instant Access to This Article
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
- Critical Central New York business news and analysis updated daily.
- Immediate access to all subscriber-only content on our website.
- Get a year's worth of the Print Edition of The Central New York Business Journal.
- Special Feature Publications such as the Book of Lists and Revitalize Greater Binghamton, Mohawk Valley, and Syracuse Magazines
Click here to purchase a paywall bypass link for this article.
BINGHAMTON — Five businesses will expand or locate in Binghamton through the START-UP NY program, the initiative that creates tax-free areas associated with colleges and universities statewide.
The state projects the five businesses will invest $2.3 million and create more than 80 new jobs in tax-free areas that Binghamton University sponsors, according to a July 27 news release from the office of Gov. Andrew Cuomo.
The businesses approved for START-UP NY include Advanced Material Analytics, LLC; Charge CCCV, LLC; ClickCare, LLC; Innovation Associates, Inc.; and Sonic Blocks, Inc.
Binghamton University is sponsoring all the companies, Cuomo’s office said.
These START-UP NY businesses will create jobs in several key industries, including biotechnology research and development, analytical laboratory-instrument manufacturing, chemical manufacturing, audio and video-equipment manufacturing, and software services.
Binghamton University is “quickly” becoming a “hub for innovation” and the START-UP NY program is “already helping to advance our mission,” Harvey Stenger, president of Binghamton University, said in the governor’s news release.
“These companies represent the types of industries that will be driving our region forward in today’s global economy, while creating more than 80 jobs in the Greater Binghamton area right now. We are thrilled with this first slate of companies, but it is only the beginning and we look forward to bringing more businesses, and jobs, to the Southern Tier,” said Stenger.
To date, 41 schools have been approved for START-UP NY, establishing more than 200 tax-free areas for new or expanding businesses to operate on or near campus.
About the firms
The companies include Advanced Material Analytics, LLC, a new analytical laboratory-instrument manufacturing business, which is locating at the Innovative Technologies Complex on the Binghamton University campus.
Industrial clients for data acquisition and quality-control purposes and other research institutions and universities will use the equipment that the firm develops for research and development purposes and for studying material specimens.
The company plans to invest $415,500 and create 13 net new jobs.
Charge CCCV, LLC is a new company that’s locating in the same complex at Binghamton University.
The business specializes in technology development and commercialization using new chemistries for energy storage, which Charge CCCV will develop by applying material-science research to batteries for global customers.
The company plans to invest $700,000 and create 14 net new jobs.
The firms also include ClickCare, LLC, an existing SAAS “Software as a Service” company.
Its core product, iClickCare, enables health-care providers to safely use digital media for secure collaboration, the governor’s office said.
The digital media can include conversation, PDFs, photographs, and video clips as the basis for “secure asynchronous” communications within the users’ natural network of colleagues on behalf of the patient.
The company will expand to the Innovative Technologies Complex and plans to invest $293,000 and create 20 net new jobs, Cuomo’s office added.
Innovation Associates, Inc. is an existing business that specializes in pharmacy automation, offering precision-counting equipment and workflow-software platforms to the pharmaceutical industry.
Innovation Associates has more than 1,200 customer installations including retail chains and independents, government, hospitals, mail order and refill centers across the U.S., Canada, Puerto Rico, and U.S. government sites in Europe and Asia.
The company will expand to the Center of Excellence Building on the Binghamton University campus, and plans to invest $100,000 and create 25 net new jobs.
Sonic Blocks, Inc. is a new business that designs and develops proprietary audio and video Bluetooth and WiFi speaker systems and accessories serving the consumer-electronic space.
Sonic Blocks will initially sell the products direct to consumers in North America.
The firm plans to base company growth upon new patent-pending technology that allows for customizable configurations not previously available to consumers, and backed with technology from the “industry technology leader in BT development,” the governor’s office said.
The company will also locate to the Center of Excellence Building and plans to invest $795,000 and create 11 net new jobs.
Contact Reinhardt at ereinhardt@cnybj.com