Broome County, NY Community OverviewOctober 2015

Demographic Information•Population of Binghamton MSA (Metropolitan Statistical Area):245,273

•Unemployment Rate: 6%

•Median Household Income: $44,457

•Percentage of population with Bachelor’s Degree: 26.1%

•Resident labor force: 93,400

•Average Commute to work: 18 Minutes

Major Employers 1) Binghamton University- 5,943

2) United Health Services-5,438

3) Lockheed Martin- 2,700

4) Broome County Government-2,500

5) Lourdes Hospital -2,311

6) Raymond Corporation -1,670

7) Maines Paper & Food Service- 1,300

8) BAE Systems-1,250

9) NYSEG-1,160

10) Chobani-1,000 Binghamton University in Vestal

Growth Sectors• Manufacturing is the third largest sector of employment, comprising 12.3% of all

jobs• Electronics Manufacturing: computer and peripheral equipment, semiconductor

and electronic components, electronic instruments: 4,352 employees, average wage of $75,569 and a location quotient of 9.56*

• Transportation equipment manufacturing is a powerhouse with a location quotient of 8.9%

• Healthcare services are predicted to grow between 12% and 18% between now and 2020

*Location quotient-(LQ) ratio that compares an industry’s share of total employment in a region to the national share

Housing & Education

Education:

•Maine-Endwell Central School District, Union Endicott Central School District, and Chenango-Forks Central School District are ranked as top high schools in the nation by U.S News & World Report

•Between 12.6 student-teacher ratio

•Expenditure per pupil- $20,279/pupil compared to national average of $12,435

•Institutions of Higher Education Include SUNY Binghamton University, SUNY Broome, and Davis College

Housing:•Average home price: $110,000

•Median Gross Rent- $675

A historic home on Binghamton’s Westside

Binghamton University & SUNY Broome•BU’s nearly 15,000 students contributed about $96 million dollars to the local economy

•University related spending supported 10,500 jobs in Broome and Tioga counties generating an economic impact of $965 million dollars

•Student enrollment has increased by 4,000 over the last decade

Outgrowth of the University into the Community

•Southern Tier High Technology Incubator

•Smart Energy Center (2016)

•$60 million dollar School of Pharmacy and Pharmaceutical Sciences (2017)- Johnson City

Broome Community College•6,924 students enrolled

•Looking to acquire Binghamton Public Library Downtown for culinary arts center

Culture, Arts & EntertainmentBroome County is Home to a variety of cultural and arts institutions

•Roberson Science Museum

•Gorgeous Washington Street

•First Fridays/Restaurant Week

Many miles of Hiking and Biking Trails- Eight County Parks and a State Park (Chenango Valley)

•Two professional sports teams- Binghamton Mets & Binghamton Senators.

•Triple Cities Opera, Binghamton Philharmonic, Broadway Theater League

Chenango Valley State Park