News: Brokerage

The Agency recognized for economic development excellence by New York State Economic Development Council

Cooperstown, NY The Agency, which operates the Broome County Industrial Development Agency and the Broome County Local Development Corp. received top honors from the New York State Economic Development Council (NYS EDC). The NYS EDC is the state’s principal organization representing economic development professionals. 

The Agency received the "Large Project of the Year Award" for the work done to secure the location of the 650,000 s/f Dick’s Sporting Goods Regional Distribution Center in the Broome Corporate Park. 

"Large Project of the Year" is judged by projects that have a total investment of more than $15 million, total number of jobs created, innovation and overall economic impact in the community. The DSG, Inc. distribution center includes a total investment of more than $100 million and will create approximately 466 jobs over the next five years. The Agency worked with the company and several state agencies to put together a $30 million incentive package to move the project forward. 

“It’s an honor to receive this award from my peers who understand the complexities of putting deals like this together,” said Kevin McLaughlin, executive director of The Agency. “The Stack family was very interested in coming back to Broome County, and it was our job to show that the project could work. All of the local partners and state agencies were tremendously enthusiastic about making this project a reality.” 

The distribution center, which is on track to open in January 2018 will service more than 200 Dick’s Sporting Goods retail stores throughout the northeast. The company will begin to recruit key personnel to operate the facility and anticipates a large hiring effort in the fall. 

The Agency also received top honors in "Economic Development Marketing" or “Best in Class” for their workforce and talent attraction website, www.broomeisgood.com. 

The site was developed as part of The Agency’s economic development marketing strategy to promote Broome County as a place where individuals could find challenging work opportunities and an ideal quality of life. Judges for the economic development marketing awards are comprised of marketing and creative agencies from across the state.

“It is very exciting to see our work recognized by our colleagues and by professionals in marketing and web development,” said Stacey Duncan, deputy director for Community & Economic Development. “We know how important it is to attract and retain talented professionals and skilled workers and that there are thousands of stories of people finding their ideal work – life balance in Broome County. Broomeisgood.com is a dynamic platform for us to connect those stories to others looking at Broome County as place to locate." 

The website was developed as part of a broader marketing initiative, Broome County…a good life which was developed in partnership with Hue Creative in Binghamton. The “good life” marketing strategy will lay the foundation for The Agency’s Broome Talent Task Force, a private-public partnership to identify current and long-term workforce and talent attraction needs in Broome County. 

“It’s been a privilege to work with The Agency on developing a truly positive and impactful message about opportunity in Broome County,” said Camila Hoffman, creative director for Hue. “We moved to Broome from the City so that we could run our business and have a terrific life, and we’ve never looked back. I’m excited for more positive work with The Agency.” 

The awards were presented to The Agency during the NYS EDC’s Annual Meeting.

MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking