PROFESSIONAL_SERVICESAWARDED

New York State Authorities Budget Office Compliance Review of Broome County Industrial Development Agency & Broome County Local Development Corporation 2026-05-29

BCIDA Continues Employee Loaning Agreements with Greater Binghamton Chamber

$253,787 over 2022–2024 (salary reimbursements); various undisclosed amounts for staffing reimbursements and service feesNew York State Authorities Budget OfficeGREATER BINGHAMTON CHAMBER OF COMMERCEMay 29, 2026

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Description

BCIDA and BCLDC entered into a series of employee loaning agreements with the Greater Binghamton Chamber of Commerce, allowing key agency staff (including the Executive Director) to serve at the Chamber in exchange for salary reimbursement. These agreements have been extended and amended multiple times since 2019, with the most recent agreement open-ended as of January 2025. Additional informal staff sharing arrangements and cross-reimbursements for business services continue.

Contract Details

Contract Amount

$253,787 over 2022–2024 (salary reimbursements); various undisclosed amounts for staffing reimbursements and service fees

Vendor

GREATER BINGHAMTON CHAMBER OF COMMERCE

Agency

New York State Authorities Budget Office, NY

Contract Type

PROFESSIONAL_SERVICES

Document Date

May 29, 2026

Contract Term

First agreement: November 1, 2019 – May 2022; updated agreement: 2021–December 31, 2024; new agreement: January 1, 2025– (no end date stated)

Renewal Info

Original agreement signed 2019, renewed and extended multiple times through December 2024; new open-ended agreement effective January 2025. Amendments include changes to staff covered and reimbursement formulas.

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Issuing Agency

New York State Authorities Budget Office

State

Albany, NY

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