What We Do
Ithaca Area Economic Development (formerly Tompkins County Area Development – TCAD) provides a variety of services to meet the needs of local businesses and entrepreneurs. We focus our services on manufacturing and high tech companies that create quality career opportunities; higher wages, better benefits and more opportunity for advancement.
Whether you are looking to relocate to the area, expand current operations or need to re-tool to remain competitive, we can help you access the funding opportunities and incentives that are right for your business.
Ithaca Area Economic Development (IAED) administers the Industrial Development Agency, which provides a variety of tax incentives for new construction and expansion and the Development Corporation, which provides access to the tax-exempt bond market for low cost financing. IAED also manages a revolving loan fund program that can lower financing costs for real estate acquisition, construction or expansion, leasehold improvements, equipment or working capital.
IAED provides site selection assistance and technical assistance to help you make decisions that are right for you and your business. If your project is one that requires services we do not provide directly, IAED has the relationships to make the right referral to support your business.