Build Back Better Regional Challenge
The $1 billion Build Back Better Regional Challenge is the marquee of EDA’s American Rescue Plan programs that aims to boost economic recovery from the pandemic and rebuild American communities, including those grappling with decades of disinvestment.
The Challenge provides transformational investments to develop and strengthen regional industry clusters across the country, all while embracing equitable economic growth, creating good-paying jobs, and enhancing U.S. global competitiveness. As part of the $300 million Coal Communities Commitment, EDA will allocate at least $100 million of the Build Back Better Regional Challenge funding to support coal communities.
The two-phase competition will ultimately award 20-30 regional coalitions between $25 and $100 million to implement 3-8 projects that support an industry sector.
Binghamton Phase 1 Win
Binghamton University, who oversees the Koffman Incubator and its programming, was one of 60 finalists chosen from a pool of 529 applicants and will receive $500,000 to further develop their proposal to compete in Phase 2 of the Challenge, which will award 20-30 regional coalitions up to $100 million.
“This award will make the New Energy NY project eligible for up to $100 million in federal funding to transform the Greater Binghamton area and broader upstate New York region, create thousands of jobs, fuel the innovation necessary to combat climate change, and importantly, strengthen a critical area of the U.S. domestic manufacturing supply chain,” U.S. Sen. Majority Leader Charles Schumer says. “I am proud to have fought for the New Energy NY project to be selected for Phase 1 and I will continue to fight tooth and nail to secure the final award and supercharge this growing area of the Upstate New York economy.”
“Binghamton University is honored and excited to lead a coalition of premier organizations from across New York State to help the U.S. meet the critical and growing demand for domestic battery products,” says Per Stromhaug, associate vice president of the Office of Entrepreneurship and Innovation Partnerships and regional economic competitive officer for the project.
New Energy New York Proposal
Binghamton’s selected New Energy New York proposal seeks to establish a battery development and manufacturing hub in Upstate New York, leveraging existing resources to grow a competitive energy storage cluster with national impact, built on a foundation of equity and environmental justice. If fully funded, the project estimates that as many as 8,000 jobs would be created during a 10-year period. An outline of the proposal can be viewed below:
This monumental project to transform New York, as well as the United States, into a key player of global battery manufacturing will be made possible through strong partnerships. Current coalition members involved in New Energy New York must be commended for their involvement:
Lead: Binghamton University, SUNY
Non-Profits: New York Battery and Energy Storage Technology
Consortium (NY-BEST), Research Foundation for the State University
of New York (SUNY RF), IncubatorWorks, The Clean Fight New York
Government: New York State Research and Development Authority
(NYSERDA), Empire State Development (ESD) Division of Science,
Technology & Innovation (NYSTAR), Broome County
Academia: Rochester Institute of Technology, SUNY Broome
Community College, SUNY Corning Community College