Last week, Gov. Cuomo announced that the state will provide $20 million to Binghamton University for the NextFlex Flexible Hybrid Electronics Manufacturing Innovation Institute.

The funds will support the retrofitting of space at the former IBM facility in Endicott, as well as specific projects and new businesses that will be utilizing the space. The first year of the program is expected to create up to 200 academic and private sector jobs, with the potential for the creation of up to 1,000 new jobs over the five years of the Flex Tech Alliance Program.

Gov. Cuomo said:

“By leading the New York node of this national initiative, Binghamton University and its private sector partners are leveraging their collective strengths and raising New York’s profile as a global leader in innovation and technology. This is a shining example of how the Upstate economy is turning around, and I look forward to seeing what it can be and will be in the years to come.”