When the Covid-19 pandemic arrived in Ithaca, IAED and partners mobilized resources, stabilized at-risk businesses and identified actions to rehabilitate, rebuild and grow the economy. That work, summarized in the Tompkins County Economic Recovery Strategy, is as much recapping a record year as it is looking forward and into the future.
There’s no better place to build a business than
right here, right now.
1. Academic Resources
Top talent and groundbreaking research right in our backyard
2. Economic Stability
Our area outperforms state and federal averages
Only a stone’s throw to major metros
Live at the nexus of work and play
It’s just as gorges
as they say it is.
A growing economy and active community collide here with tremendous force, just like the geology that shaped the area and provides a stunning backdrop. What’s not to love? Come see for yourself.
Do Business Here to Everywhere
Centrally-located in the heart of the Northeast.
Get to anywhere from here easily and quickly. NYC, DC, Philly, Boston, Buffalo, and Toronto, all at your doorstep.
Feet Above Sea Level
Let us help
We empower economic and community vitality.
Our simple yet refined tools for success: Leadership. Experience. Dedication.
Let us work for you.
Tompkins County Industrial Development Agency
The Tompkins County Industrial Development Agency (TCIDA) delivers tax incentives to support job growth, business development, and community revitalization.
Tompkins County Development Corporation
The Tompkins County Development Corporation (TCDC) is a conduit to the tax-exempt bond market and low-cost financing.
IAED Loan Fund Program
The IAED loan fund helps entrepreneurs start new enterprises and expand existing businesses.
IAED coordinates critical initiatives, including the Economic Development Strategy 2.0, the 2020 Water and Sewer Update, broadband access, and the Tourism Capital Grants program.
Economic Development Leadership
IAED collaborates with local and regional partners to promote economic prosperity, whether it’s an economic recovery strategy, advanced manufacturing training program, assistive technologies accelerator, or so much more.
"IAED’s loan fund provided critical funding to rapidly accelerate the growth of our start up company... We couldn’t have done it without IAED’s support and ongoing commitment to our company’s success.”
Nick Nickitas, Founder & CEO, Rosie
"Getting Ithaca Beer started, I received great support from IAED. Without their help, I may not have gotten the support of other financial entities critical to getting my company off the ground.”
Dan Mitchell, Founder, Ithaca Beer Company
The IDA delivered meaningful incentives which were instrumental in making GreenStar’s expansion project a reality.”
Brandon Kane, General Manager, GreenStar Food Co-Op
"The support of the TCIDA and the IAED revolving loan fund helped provide the means to afford the new building and the necessary equipment to bring all production in-house, and increase output to meet demand. IAED was an incredible partner during our expansion journey and we are so appreciative of their support and assistance that allowed us to remain a part of this incredible community."
Ian Gaffney, Co-Founder, Emmy’s Organics
IAED’s loan fund supported local startup, Dimensional Energy, in furthering the development of their carbon dioxide reduction innovation...
Check out the latest of what's happening at Ithaca Area Economic Development in our June 2021 Newsletter. Stay up to date on all of...
An action plan to position the county for success as theeconomy rebounds from the COVID-19 Pandemic ITHACA, N.Y. – June 8, 2021 – Ithaca...
The Office of the State Comptroller (OSC) has released an audit report for the Tompkins County Development Corporation (TCDC). The review...
Effective May 19, New York has adopted the Centers for Disease Control and Prevention’s (CDC) “Interim Public Health Recommendations for...
The NYS Regional Economic Development Council (REDC) Consolidated Funding Application (CFA) portal is now live and accepting applications,...
Thank you to our
Our investors believe in IAED. Their support enables us to provide the consistent, customized economic development leadership that helps our businesses, community, and economy prosper. We’re successful because of them.
Ready for what’s next?
What does your business need? We’ll help answer your questions, connect you to resources, and support your business as it starts, grows, and evolves.