Tompkins County Development Corporation
IAED administers the Tompkins County Development Corporation (TCDC), which serves as a conduit to the tax-exempt bond market for non-profit organizations. Bonds provide lower interest rates than conventional financing, and project fees stay local and support economic development in the community.
TCDC Success Stories
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“We have worked with IAED on several large scale projects critical to the future of Cayuga Medical Center. The support they provided, guiding us through the complex tax exempt financing process, was invaluable. It is a very effective organization, a true asset to the community.”
John Rudd, Retired President & CEO, Cayuga Medical Center
“IAED has been instrumental to Ithaca College in providing fast and efficient access to the tax exempt bond market. The college has sold more than $80 million in bonds in the last year, a portion of which involved refinancing existing debt at substantial savings. The staff at TCAD is very professional and the organization is a tremendous asset to the Tompkins County economy and the community at large.”
Carl Sgrecci, Retired Vice President of Finance, Ithaca College