A battery recycling center will soon be coming to the old IBM site in Endicott.
It's actually an international partnership that is investing $23 million in the facility.
Sung Eel HiTech out of South Korea is teaming up with Metallica Commodities, which is located downstate.
The facility is expected to create at least 86 jobs with average salaries over $50,000 per year.
"Batteries are everywhere in our lives - cell phones, power tools, cars, you name it, everything is powered by batteries," said Metallica Commodities COO Danish Mirr.
The company will be operating out of the old IBM building, what's now known as the Huron Campus.
"Being close to the Binghamton facilities is really helpful to us to get that scientific knowledge, collaborate with them and try to develop our technology as it progresses," said Mirr.
"The business climate is really starting to turn around and businesses are starting to look at Broome County as a place to come and bring their companies and bring their jobs," said Broome County Executive Jason Garnar.
Empire State Development is supporting the project with $1.75 million in funding, split between a grant and a tax credit.
Officials say the venture will complement another new company – Imperium 3 New York. The company makes lithium ion batteries using green technology at the Huron Campus in Endicott.
Production is slated to begin next year.