Updated August 11, 2020
Reopening References: your source for returning to work and life!
The COVID-19 Economic Development Resource Providers Group created annotated lists of back-to-work guidance and industry playbooks, financing options, and PPE manufacturers and providers, all aimed at helping you move forward!
Members of the group include TCAD, Tompkins County Chamber of Commerce, Downtown Ithaca Alliance, Visit Ithaca, the City of Ithaca, Tompkins Workforce New York, Small Business Development Council, and Alliance for Manufacturing & Technology.
Please contact TCAD or any group member for help or more information.
Guidance and industry playbooks for reopening.
Financing references and resources for reopening.
Personal Protective Equipment (PPE) for reopening.
COVID-19 News & Resources
August 7, 2020
Governor Cuomo Announces NYS Schools Can Reopen
July 31, 2020
Rheonix Receives State Award to Produce COVID-19 Test Kits
July 16, 2020
Paycheck Protection Program Data Points to Thousands of Projected Retained Jobs in Tompkins County
1,255 local businesses approved for PPP loans in Ithaca and Tompkins County, 12,739 projected retained jobs.
Tompkins County Area Development (TCAD), recently evaluated the PPP loan-level data released by the U.S. Department of the Treasury in July for all 56 states and territories. The PPP was implemented by the Small Business Administration (SBA) to help small businesses survive and retain jobs in very uncertain times. The SBA will forgive the loans if employee retention criteria are met and the funds are used for eligible expenses. Many businesses took part in the PPP and over 12,000 jobs in Tompkins County are projected to be retained due to PPP loans. Read more
June 24, 2020
Masks Are Gorges Video
TCAD is proud to have joined with community partners (Tompkins Chamber, Downtown Ithaca, Ithaca is Gorges (Ithaca & Tompkins County Tourism), Ithaca Mayor Svante Myrick, Tompkins County Health Department, Ithaca Flair) in contributing to the making of the #MasksAreGorges video!
“My Mask Protects you; your mask protects me.”
“We are all in this together.”
Resiliency Resources for Tompkins County Businesses
The Resiliency Resources for Tompkins County document includes essential financial, workforce, general, and health resources, from local, state, and federal sources, during the COVID-19 crisis.
TCAD Emergency Relief Loan Program
TCAD Emergency Relief Loan Program
Tompkins County Area Development (TCAD) is introducing a short-term emergency relief fund for businesses in Tompkins County that have been impacted by the Coronavirus pandemic.
- Prevent staff reductions
- Allow business operations to continue
- Offset losses related to the Coronavirus COVID-19
- Maximum amount offered for this 36-month loan is $50,000
- Interest rate is 2.5%
- Principal and interest payments are deferred for one year
- There is no equity requirement
- Legally recognized forms of business, including sole proprietorships, partnerships, corporations, limited liability companies, limited liability partnerships, professional service corporations, not-for-profit corporations, and cooperatives.
- Business must be located in Tompkins County, must provide evidence of loss in revenue or cash flow within the last 60 days, and must be currently operating, even if only remotely.
Eligible Loan Uses Include:
- Working capital (including payroll coverage)
- New marketing efforts
- Other reasonable business expenses
The loan may not be used to pay off existing loans or debt.
There is no cost to apply. There are no closing costs and no filing fees.
Loans will be available until funds are committed or until October 1, 2020.
For further information and to request an application please contact Chuck Schwerin at firstname.lastname@example.org.
Tompkins County Area Development (TCAD) focuses on economic development in Tompkins County. Since 1964, TCAD has continued to work tirelessly to grow, retain, and attract companies that provide high-quality employment opportunities. We strive to create a supportive environment for entrepreneurship and business development. Regardless of the economic times, we have continued to achieve successes.
Incentives and Programs
Tompkins County Development Corporation
TCDC promotes economic development initiatives in Tompkins County by offering tax-exempt bonding opportunities to not-for-profit organizations. Learn More
Industrial Development Agency
TCIDA delivers economic incentives to business and industry to diversify and strengthen Tompkins County’s tax base and enhance community vitality. Learn More
Tourism Capital Grants
TCAD administers the Tourism Capital Grants program which supports capital projects at tourism destinations in Tompkins County. Learn More
Finger Lakes Regional Prosperity Network (FLRPnet)
FLRPnet extends the capacity and reach of economic development efforts in Tompkins County and the greater Finger Lakes region. Learn More
Tompkins County Economy and News
Learn more about the Tompkins County economy below and sign up for our economic newsletter for the latest in economic news every month.
Tompkins County Traded Sectors and local sectors by the numbers. Learn more
The area also attracts experienced and skilled workers from afar for specialized employment opportunities. Learn more
The startup community brings together University, city and private sector partners to make Ithaca the best place to launch and grow a startup. Learn more