Putting it all together
Your source for all things economic development
Browse the resources below to find business-critical information like government services, potential partners and vendors, educational and networking opportunities, and so much more. IAED curates this list for your business and for the benefit of the Tompkins County workforce, with regular updates to make sure you have what you need, when you need it.
Contact the IAED team at 607.273.0005 for guidance on what assistance best suits your business needs.
Business assistance is available from a variety of sources. We know and work with them all. Let IAED be your guide to finding the best fit for your business to locate, start, and grow in Ithaca and Tompkins County.
Alternatives Federal Credit Union (AFCU) offers the Business Community Enterprise Networking and Training Services (Business CENTS) Program with training, consultation, and relationship building opportunities for entrepreneurs.
CCE of Tompkins County provides resources for agriculture-based businesses.
Finance & Economic Development
With so many financial options available at all levels, getting started is daunting and getting the best deal for your business is difficult. IAED cuts through the noise so you can hear the sweet sound of success.
IAED’s Loan Fund helps entrepreneurs start new businesses, expand operations, and attract new businesses to Tompkins County.
Opportunity Zones are a program of the U.S. Economic Development Administration (EDA) and were created to stimulate economic development and job creation by incentivizing long-term investments in low-income neighborhoods. Tompkins County has two Opportunity Zones, both in the City of Ithaca. For more information contact Tom Knipe, City of Ithaca Deputy Director for Economic Development, at email@example.com.
SBA guaranteed loans are offered by most local banks. Contact your bank representative to learn more.
Southern Tier East Economic Development Revolving Loan Fund Program (STEED), administered by the Broome County Industrial Development Agency (The Agency), provides low-interest financing to small businesses unable to fully finance their projects with equity, conventional financing, or other private and public sources. The eight county STEED region includes Broome, Chenango, Cortland, Delaware, Otsego, Tompkins, Tioga and Schoharie Counties.
REDEC provides gap funding for new and expanding businesses in the Southern Tier.
REDCs guide state economic development funding opportunities through the Consolidated Funding Application (CFA) process. There are 10 REDCs in New York State. Tompkins County is included in the Southern Tier REDC.
Tompkins County Industrial Development Agency (TCIDA)
The TCIDA delivers tax incentives to support job growth, business and industrial development, and community revitalization.
Build the connections and relationships that benefit your business. IAED is an institution in Ithaca. We know the movers and shakers, the players, the people that get things done. Let us make for you the introduction that gets you plugged in and on your way.
You need help making your goods and services commercially viable and accessible to consumers. Fortunately, the Ithaca area is home to a superior support system. We know because we’re part of it. Together, we’ll keep you planted firmly on your feet and moving your product out the door.
The McGovern Center is a Cornell-based incubator accelerating research and development of its client’s companies’ technology and products, validating its client companies’ business plans, and strengthening their management teams. Client companies do not have to originate from within Cornell.
Come for the purpose, stay for the people. Our local workforce is reliable, skilled, and most importantly, trainable. They’ve got the stuff to make you great, supported by IAED and others who can get them in your door and onto the floor. Let’s get going.