City of Binghamton, New York

2017 Binghamton Business Plan Competition

The 8th Annual BLDC-EAP Business Plan Competition sponsored by the Binghamton Local Development Corporation (BLDC) and the Broome Triad Entrepreneurial Assistance Program (EAP) based at SUNY Broome is underway. This annual contest awards cash to the best plan for developing a business in the City of Binghamton!

In April of this year local entrepreneurs and inventors will compete for not only a $5,000.00 minimum cash prize but a suite of professional services including legal consultation, accounting services website and other design services.

Now in its eighth year the competition is the longest running of its kind in the Binghamton area, and is open to inventors, entrepreneurs, and students from Binghamton University, SUNY Broome, and local high schools.

“This competition has continued to grow and has produced several successful companies that continue operate and thrive in the City of Binghamton,” said Mayor Richard C. David, “We want to encourage startups that will grow and prosper in Binghamton.”

Previous winners include Next Wave Motors, Communikey, and IdeaKraft . Communikey employs a team of seven in downtown Binghamton, and FreshySites now has seven offices including its downtown Binghamton location and newly announced Syracuse location.

“The BLDC Business Plan Competition grants the largest prize package of any local business plan competition and it encourages great applications.” said BLDC Executive Director, Robert Murphy.

A free workshop will be offered before the start of the competition on February 15th at the Holiday Inn Arena, La Tasse Room from 5:00 - 8:00 PM. Participants in the workshop will get advice from successful entrepreneurs on how to write a business plan and present their idea. The workshop is open to all interested parties. For more information, please click here.

The deadline for applications is March 1st. Finalists will present their business plans before a panel of judges made up of local business owners and leaders in professional industries such as banking and law. Those interested in attending the workshop and entering the competition are encouraged to review the online application (accessed from a link in the Documents section - right margin) and/or call the office of the Binghamton Local Development Corporation at (607) 772-7161 for more information and guidelines.