JOHNSON CITY (WBNG) — Empire State Development announced Friday that $30 million in Upstate Revitalization Initiative (URI) funding has been awarded to Binghamton University to complete its Health Sciences Campus in Johnson City.
“Binghamton University not only provides outstanding educational opportunities for its students, it has a tremendous economic impact on the Southern Tier and the state, employing thousands and conducting groundbreaking research on its campus,” Empire State Development President, CEO and Commissioner Howard Zemsky said in a statement. “By contributing to the revitalization of Johnson City, we’re continuing the region’s vigorous economic growth and community development.”
According to a news release, this latest state investment will finalize the nursing school, which will be housed in a former Endicott-Johnson shoe box factory on Corliss Avenue. Officials say the money will also support the creation of an eldercare facility and improvements to the university’s science buildings on campus.
“We thank Governor Cuomo and are thrilled he has once again shown that he understands how important these investments are to our region,” Binghamton University President Harvey Stenger said in a statement. “The state support to date in our Health Sciences Campus in Johnson City has already led to an incredible return on investment, and this latest award to help Binghamton University finish the new campus will go a long way in transforming Johnson City’s economy. The $30 million will allow us to build, rehabilitate and equip buildings on our Health Sciences Campus and get us across the finish line.”
BU’s School of Pharmacy and Pharmaceutical Sciences opened in the fall of 2018. According to Empire State Development, the nursing school will create more than 100 jobs, and at full enrollment will include approximately 390 students and have an annual regional economic impact of approximately $100 million.