2026 BLDC-EAP Business Plan Competition

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General Information About the Upcoming 2026 BLDC-EAP Business Plan Competition

Coming March 2026, the Binghamton Local Development Corporation (BLDC) and the SUNY Broome Entrepreneurial Assistance Center (EAC) based at SUNY Broome expect to announce the annual BLDC-EAP Business Plan Competition presented by M&T Bank and the Koffman Southern Tier Incubator, which will award $10,000 in prizes to the best business plans for developing a business in the City of Binghamton. The competition is held online and in person with technical support provided by Binghamton University's Koffman Southern Tier Incubator.

The competition, which is the longest running in the Greater Binghamton area, seeks to cultivate local business development and promote the entrepreneurial spirit and raise awareness about EAP training, BLDC financing and other community resources for small business growth.

Courtesy of the BLDC, M&T Bank and the Koffman Southern Tier Incubator, the competition prize list totals $10,000 with $7,000 for 1st place, $2,000 for 2nd place and $1,000 for 3rd place with gift certificates for the remaining finalists. It is anticipated that the awards will encourage high quality entries and provide useful assistance to the development of young businesses.

In addition to the $7,000 cash award, the 1st place winner (only) will receive several additional awards generously donated by Binghamton businesses and organizations:

Previous winners include several successful businesses such as:
2025 Awards Ceremony (L to R): Patrick Doyle, BLDC President, Greater Binghamton Chamber of Commerce; 1st Place Winner, Ayissi Nyemba, Emkao Foods; Binghamton Mayor Jared M. Kraham.
  • 2025 winner Emkao Foods will manufacture premium organic cocoa products for institutional markets; sourcing beans directly from farmers in Cameroon that ensures sustainability, traceability and ethical practices. Second place winner, BUZZHIVE manufactures innovative "smart beehive" solutions that combine IoT hardware with a mobile app to provide real-time hive monitoring, guidance, and proactive alerts to beekeepers. The company offers scalable solutions from an app with sensors to turnkey smart beehives. Third place winner, SAVOR Meals will provide affordable and personalized meals for college students powered by a custom GPT assistant and designed for campus pickup.
  • 2024 winner Civic Alert Systems enables municipalities/counties to communicate with residents via mass or select text messaging products. Second place winner, UmaHari is developing a family of biologics-based, cost-effective, environmentally friendly, and sustainable options to conventional chemical fertilizers. Third place winner, 2nd Heaven — Chroma Café & Bakery added a second off BU-campus location for their bubble tea business in downtown Binghamton with an expanded menu of coffee, pastries and sandwiches
  • 2023 winner Stephen Gonya, Electric Light Apparel provides wearable illuminated graphics to display company logos, organization emblems, and municipal insignias; Second-place winner Vedova La Couverture operates a retail and online woman's boutique with clothing, accessories, beauty, and hair applications; and Third-place winner, Perfectly Poured is an online business focuses on candles, wax melts, body care, stationery, and books.
  • 2022 winner Strategic Test Prep specializes in SAT and ACT test preparation as well as math and science subject tutoring. Second-place winner Downtown Danny's operates a food cart specializing in hot dogs and sausages. Third-place winner USEFUZE created a mobile app to help trade and service workers build their own side businesses.
  • KLAW Industries has a proprietary process to extract recycled glass from the household waste stream, refine and market it as an additive to manufacturing concrete.
  • Parlor City Vegan specializes in vegan foods and cheeses at their new 81 Clinton Street eatery and takeout.
  • Freshy has over 35 team members, has completed over 2,500 projects and serves customers throughout the Northeast US.
  • Idea-Kraft is a graphics creation and internet advertising design firm. Founder, Ewelina Zajac-Holdrege was named 2021 Entrepreneur of the Year selected by New York State's Entrepreneurial Assistance Centers.
Rules:
  • Applicants must plan to start a business or have an existing business that is no more than five years old.
  • Applicants must demonstrate the ability to finance and open the business in the City of Binghamton within four months of winning the competition and commit to keeping the business in the City for a minimum of three years.
Competition Format:

the steps of the competition are as follows:

  • Business Plan Development Workshop: the annual competition offers a free online "Business Plan Development Workshop", a 3-day series of presentations which features local experts in banking, marketing, entrepreneurship, legal considerations, and advice from past competition winners. Applicants are strongly encouraged to complete business start-up or management training with the Entrepreneurship Assistance Center at SUNY Broome OR attend the online Business Development Workshop.
  • Application & Executive Summary: interested applicants will need to complete an application and provide a 12 page Executive Summary by early April. A team from BLDC and EAP will review and select the most viable business ideas to participate in the competition as finalists.
  • FinalistsFull Written Business Plan Submission: next, finalists are invited to submit full business plans which will be reviewed and graded (60% of total score) prior to oral presentations. Participants not submitting or providing incomplete plans will not be advanced in the competition.
  • FinalistsOral Presentations: next, written business plans are reviewed by the judges in advance of the oral presentations (40% of score) which take place in person at the Koffman Incubator. Each participant has up to 15 minutes to present and 10 minutes for Q&A with the judges. We recommend augmenting presentations with PowerPoint, product samples, demonstrations, etc.
  • Winners: following the oral presentations, scores are totaled, and place winners are determined. The winners are announced by the Mayor, BLDC, SUNY-Broome, and Binghamton University officials at a scheduled press conference.

Interested in learning about the 2026 BLDC Business Plan Competition? Join our mailing list by clicking here.

Additional Resources & Reading
Previous Winners
2025 Workshops

Documents