Press Releases

Hanna Field Hearing at Binghamton University Examines Job Creation in Higher Education

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Washington, August 5, 2013 | comments

The Small Business Subcommittee on Contracting and Workforce, under the Chairmanship of Rep. Richard Hanna (R-NY), today examined the jobs impact that large universities have on surrounding communities, emphasizing the role research and development plays in creating and growing small businesses.

The purpose of the hearing at Binghamton University in New York was to receive testimony on the symbiotic relationship between research universities and the small firms in their communities, including high-tech research, technology transfer and the commercializing of research. The hearing focused on Binghamton University’s role in the southern tier of New York and economic growth in Broome County.

“Most basic research in the United States originates in universities, and that research is then developed into technology and knowledge that earns its place competitively in the economy,” said Chairman Hanna. “Binghamton University is a great example of this dynamic and it is evident in the growth of small businesses throughout the Southern Tier of New York. When a small firm starts up or grows because of access to university research or expertise, the benefits ripple outward and create a stronger local economy with more, high quality jobs. This was a great discussion of how to continue building these useful relationships between entrepreneurs and universities.”

Materials for the hearing are posted on the House Small Business Committee’s website HERE.

Notable Quotes:

Chuck Schwerin, CEO, Sonostics, Inc., Binghamton, NY, said, “…[F]irms like Sonostics do not possess all the skills necessary to navigate the ever-changing regulatory shoals.  We do not assume regulations will cease to exist. Rather, we want to be able to call upon professionals in the legal and accounting arenas who can ensure we are taking full advantage of the tools and opportunities that governmental entities provide. Outside of the traditional geographic hotbeds of innovation, these professionals are frankly not well-versed in the opportunities companies like Sonostics need. Continuing education support for legal and accounting professionals specifically in the area of innovation incentives would help grow small companies and improve the chances for success.”

Bahgat Sammakia, Ph.D., Vice President for Research, Binghamton University, Binghamton, NY, said, “Just as we must reinvest in R&D, we also need to strengthen our commitment to education in the STEM disciplines: science, technology, engineering and mathematics. It is truly the only way to prepare the next generation of Americans and American companies for what we know will be a global race for prosperity and security.”

Rick Pray, President, RPA Electronics, Binghamton, NY, said, “Jobs in the training and simulation marketplace are exactly those targeted by education programs such as Science, Technology, Engineering, and Mathematics (STEM) initiatives which lead to excellent wages and benefits. Being able to compete with companies in other areas (with other university partners) for STTRs in the field of training and simulation would directly benefit the local economy and provide a measurable impact.”

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