In a recent meeting of the Binghamton Local Development Corporation, key discussions centered around supporting local businesses and advancing economic development initiatives.

One significant topic was the financial assistance for Happy, a local restaurant, which has been struggling with decreased foot traffic during the summer months. The corporation approved a small funding measure aimed at enhancing Happy's operations, particularly through their food cart at the farmer's market. This initiative is expected to help the restaurant maintain its physical location and navigate the slower summer season, ultimately allowing it to remain viable until the busier fall months.

The meeting also addressed the extension of a real estate option agreement with 100 Sabarum Parkway LLC for the Charles Street Business Park. This extension is crucial as the company plans to construct a new facility to accommodate its operations, which had previously been too large for their needs. The new building, projected to be around 14,000 square feet, is expected to break ground in September, contingent upon securing necessary incentives and approvals.

Additionally, updates were provided on the Boscov's lease negotiations, which are nearing completion. The company is expected to finalize its lease within the next month or two, with plans for construction to begin in early 2025. The meeting highlighted the importance of ensuring that the upcoming projects align with the long-term goals for the building's security and functionality.

Lastly, progress was reported on the PRMR project at 22 Carl Street, where cleanup efforts are underway to prepare the site for future operations. The project is awaiting finalization of tax credit incentives before commencing formal work, with a goal to have machinery operational by September.

Overall, the meeting underscored the corporation's commitment to fostering local business growth and enhancing the economic landscape in Binghamton.