University Business October 2017 - 24

Beyond the News
SENSE OF PLACE

Koffman Southern Tier Incubator,
State University of New York at Binghamton
Binghamton University, which serves
more than 17,500 students, has extended
its reach to the business sector with the
Koffman Southern Tier Incubator, a
supportive environment for entrepreneurs
and startup companies located in the
heart of the city.
* CHALLENGE: For decades, the
university and surrounding Broome
County community benefited from
the business generated by corporate
giant IBM. Many new enterprises were
either IBM spinoffs or part of its supply
chain. But then IBM abruptly left in
the 1990s.
"It was a knock-out punch,"
says President Harvey Stenger of
Binghamton University. "We couldn't
just hope that IBM would come back
and repopulate the community, so we
decided to create an incubator that
would put an emphasis on health,
energy and biotechnology."
* SOLUTION: The 35,000-square-foot
facility contains offices, common areas,
co-working spaces and high-tech labs.
The incubator provides startup
companies with financial, legal and
regulatory services. Entrepreneurs
benefit from its workshops, seminars,
mixers and mentoring programs, and
have access to the university-based
workforce and university-owned
facilities.
Sustainability features include a solar
ventilation air preheating wall. Permeable
paving reduces runoff, and stormwater is
stored in bio-retention ponds.
As of early September, 35 out of 45
available co-working spaces were leased.
These include two 170- to 200-squarefoot offices, 14 smaller offices, eight
300-square-foot dry labs, one 337
24 | October 2017

SUSTAINABLE SPOTLIGHT-The
incubator's design incorporates
natural lighting, and occupancy
sensors are used to help save energy.
The building location and exterior
provide for optimal solar orientation.

square-foot wet lab and one 1,500
square-foot lab. Four 110- to 130-squarefoot administrative offices and one
three-company dry lab were leased for
program activities. One 1,370-squarefoot business suite was leased by a small
business development center.
"When you put a high-tech facility
right in the center of a city, you
positively change the neighborhood,"
says Stenger. "A single university can
really make a difference by making a
few small investments."
* COMPLETED: June 2017
* COST: $19 million
* PROJECT TEAM: Building
designer: Ashley McGraw Architects
(Syracuse, New York); general

contractor: Fahs Construction Group
(Binghamton, New York) -S.W.B.
www.universitybusiness.com


http://www.universitybusiness.com

Table of Contents for the Digital Edition of University Business October 2017

University Business October 2017 - Cover1
University Business October 2017 - Cover2
University Business October 2017 - 1
University Business October 2017 - 2
University Business October 2017 - 3
University Business October 2017 - 4
University Business October 2017 - 5
University Business October 2017 - 6
University Business October 2017 - 7
University Business October 2017 - 8
University Business October 2017 - 9
University Business October 2017 - 10
University Business October 2017 - 11
University Business October 2017 - 12
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University Business October 2017 - 14
University Business October 2017 - 15
University Business October 2017 - 16
University Business October 2017 - 17
University Business October 2017 - 18
University Business October 2017 - 19
University Business October 2017 - 20
University Business October 2017 - 21
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University Business October 2017 - Cover3
University Business October 2017 - Cover4
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