Binghamton University presents economic development plan for New York state
Addressing the Executive Committee of the SUNY Board of Trustees, Binghamton University's Vice President of Administration, James Van Voorst, today presented a proposal to the NYSUNY 2020 Challenge Grant program, outlining a plan to increase enrollment and add jobs to the local community and New York state.
The NYSUNY Challenge Grant Program -- introduced by Gov. Andrew Cuomo and SUNY Chancellor Nancy Zimpher earlier this year -- allows Binghamton University and the other three SUNY university centers to apply for up to $35 million in state grant funds for academic enhancements and capital development. The mission of the program is to make SUNY a leading catalyst for job growth throughout the state.
Binghamton University's proposal includes an expansion of its educational mission while investing in the campus and the local community, resulting in an annual overall economic impact of $800 million on the region and $1.1 billion on New York state.
The five-year strategic plan:
- Expands enrollment by 2,000 students.
- Funds the construction of a new Health and Natural Sciences facility.
- Supports a new Southern Tier Economic Development Center in downtown Binghamton.
- Creates 1,300 jobs in the local economy, including 150 faculty positions, and approximately 1,600 across the state.
Read Binghamton University's complete proposal to the NYSUNY 2020 Challenge Grant program at http://think.binghamton.edu.