VESTAL, N.Y. — New York State Electric & Gas (NYSEG) has announced a $400,000 economic-development grant for Binghamton University.
The funding will help support three projects at Binghamton University’s new Smart Energy Building under NYSEG’s economic development electric-infrastructure programs, the school said in a news release. The goal is to help offset electric-related infrastructure improvements as well as to research, develop and promote energy-efficient systems.
The new Smart Energy Building is located at Binghamton’s Innovative Technologies Complex (ITC) in Vestal, the university said.
These grant programs are designed to help businesses and institutions like Binghamton University grow and become catalysts for economic activity across New York.
The donation
Carl Taylor, president and CEO of NYSEG and Rochester Gas & Electric, presented the funding award to Binghamton University President Harvey Stenger last Thursday.
The donation brings the total to $1.2 million in funding that NYSEG has donated to Binghamton University, the school said.
Taylor earned his MBA degree from Binghamton University in 1998.
About the Smart Energy Building
Crews last summer completed work on Binghamton’s $70 million Smart Energy Building in advance of its opening last fall. The building accommodates research and development initiatives for the departments of chemistry and physics.
Laboratories, classrooms, and offices allow faculty and students to work with industry scientists and engineers to “create new energy technologies, and help to maintain and expand the regional workforce.”
The building design also incorporated “multiple” energy-efficient systems, the university said.
During the design and construction phase of this project, the investments made to build the Smart Energy Building generated an economic impact of $90.7 million on the Broome/Tioga region, Binghamton University said. These expenditures also supported 915 local jobs, including 366 direct construction jobs.
Contact Reinhardt at ereinhardt@cnybj.com