Commission on Downtown Binghamton Development Issues Final Report
Economic Development Incentives Guide is first achievement to spring from commission’s work
BINGHAMTON, NY—The Commission on Downtown Binghamton Development today issued its final report and unveiled the Economic Development Incentive Guide, which emerged from the Commission’s work.
“This report offers promising guideposts for building on downtown’s recent gains,” said Mayor Matt Ryan. “This commission involved development experts and stakeholders from across our community, and their collective expertise surely is greater than the sum of its parts. I thank the commission members for their hard work for more than a year, and I look forward to taking the next steps in seizing downtown’s many development opportunities, starting with the Economic Development Incentive Guide.”
Announced by Mayor Ryan in his 2011 State of the City Address, the Commission on Downtown Binghamton Development sought to coordinate new investments and interest in downtown business, living and recreation. The spark behind the commission was the grand openings of two major student housing projects, Twin River Commons and 20 Hawley Street Luxury Student Apartments.
“This initiative was part of staying proactive in enhancing downtown as a destination,” said Director of Economic Development Merry Harris, who co-chaired the commission with Sean Massey. “The final report showcases a number of priorities that downtown stakeholders can pursue.”