Ursa Space Systems, a local Ithaca Start-up a Space 3.0 analytics-as-a-service company, announced it closed a $7 million Series A equity financing from experienced financial, security, and strategic investors. The financing was led by Paladin Capital Group and included participation from New Enterprise Associates (NEA), RRE Ventures, S&P Global, and other strategic investors. Ursa was […]
Cornell High Energy Synchrotron Source (CHESS) to receive $15M from Empire State Development (ESD) to update the facility. CHESS will also receive $80M from The National Science Foundation to update the accelerator. Local company Advanced Design Consulting (ADC) will provide some of the parts for the accelerator. The project is expected to lead to the […]
The Tompkins County Industrial Development Agency (TCIDA) adopted an off-site commercial solar policy on October 12, 2017. The policy will make available a property tax incentive to promote community solar projects. Community solar projects allow anyone to purchase renewable energy generated from the sun without the high cost of installing solar on their own roof. […]
Local Ithaca company, Grammatech, recently won a three-year, $9M contract from the U.S. military’s Office of Naval Research. The work will centered around making the military’s computer programs more secure from hackers and foreign intruders. There is also a $7.5 million option to extend it two more years. Click here for more information.
In the Ithaca Journal’s ‘Ithaca Development: Top 10 Construction Projects In and Around the City’ article, TCAD’s Heather McDaniel, Vice President and Director of Economic Development Services, details the benefits to the community of construction projects in Ithaca, including more than $8.3 million in new property taxes to date and states that “Ithaca really is sort of […]
Grainful, a growing Ithaca-based company and TCAD loan fund recipient, recently won a spot in the Chobani Food Incubator program, which looks for “innovative early stage food and beverage startups.” Grainful was one of seven companies selected for the program this year out of more than 550 applicants. Grainful will receive a $25,000 grant from Chobani, along with […]
Governor Cuomo recently announced a new lithium ion battery factory is coming to the Southern Tier and two Tompkins County based companies, C&D Assembly and Primet Precision Materials are involved in the project. C&D Assembly and Primet, along with one of the first 76West Clean Energy Competition winners, C4V, and other companies formed a consortium called Imperium3 New York, […]
TCAD’s Martha Armstrong, Vice President and Director of Economic Development Planning, is the Program Administrator for the Tourism Capital Grants Program. She, along with Anne Gossen, Chair of the Strategic Tourism Planning Board accepted the 2017 Stewartship Award presented to the Tompkins County Tourism Program at Friends of Stewart Park’s second annual Party for the Park […]
The Tompkins County Legislature approved the sale of the Old Library site to Travis-Hyde Properties. The proposed four story building will house 58 senior apartments and ground level commercial space along with a community room managed by Lifelong. Occupancy of the building is planned for March 2019. For more information click here.
The Town of Ulysses is the first town in the Southern Tier to be designated as a Clean Energy Community by Governor Andrew M. Cuomo. This designation recognizes the Town’s “leadership in reducing energy use, cutting costs and driving clean energy in its communities.” In the press release from the Governor’s office it states that […]