A Broome County tech company is on the move.
iA, based in Johnson City since 1972, is moving some of its operations to the Charles Street Business Park in Binghamton’s First Ward, Mayor Jared M. Kraham announced Tuesday.
The company plans to create an “innovation hub” in Binghamton featuring a new technology center and employee training facility. Around 85 employees will relocate to the revamped space at the Charles Street Business Park.
“iA’s expansion into the Charles Street Business Park leverages recent investments in the Clinton Street corridor, brings new activity to the First Ward and builds on the momentum happening in the area,” said Mayor Kraham. “We are excited to welcome iA to the First Ward and thrilled to see another growing company call Binghamton their home.”
iA offers pharmacy automation and software solutions. The company said its new technology center in Binghamton will include a customer testing space, where the company can showcase its enterprise software and advanced robotics to prospective customers, including major pharmacy retailers, healthcare systems and the federal government.
The growth of the business in recent years led iA to seek additional space in Broome County. Its national headquarters are located at 711 Innovation Way in Johnson City.
The company expects to move into the Charles Street Business Park in late summer or early fall.
“As we recently celebrated the 50th anniversary of iA and think about our company’s future, this is an incredible opportunity to build our innovation hub and showcase our new customer testing and training facility,” said CEO Marvin Richardson. “Given its rich legacy as a home to innovative manufacturers, the Charles Street Business Park is the ideal location for iA to further expand.
“Following our significant growth over the past two years, we are excited to open a facility that reflects our dedication to engineering, manufacturing, and innovation. We are grateful for the partnership with the City of Binghamton.”
Binghamton housing:Isaac Anzaroot alleges ‘selective prosecution’ by city: Why landlord may file lawsuit
iA will occupy 38,000 square feet of space at the Charles Street Business Park after signing a lease agreement with 100 SaveAround Parkway, LLC, which acquired the building in 2017.
SaveAround Parkway, LLC now has an option on an adjoining parcel for a potential expansion of its own, according to a press release.
“This is an impactful partnership between iA and City of Binghamton that aims to propel economic development and rejuvenate the local business ecosystem,” said Richardson. “The City of Binghamton’s Office of Economic Development, led by Sarah Glose, has been instrumental in facilitating and supporting iA’s relocation and expansion project.
Region:Menlo Micro selects Ithaca area for new $50 million facility expected to create over 100 jobs
“Glose’s expertise and dedication, along with the City’s strategic investments in the redevelopment of the Charles Street Business Park and Clinton Street Business Corridor, have played a pivotal role in creating an environment conducive to economic growth and attracting innovative businesses to the region.”