Last year was one unlike any other. Seemingly overnight, business halted, restaurants shuttered, and schools closed. Despite the challenges, IAED had a banner year, delivering incentives to 13 projects totaling nearly 1M square feet and with a planned capital investment of $239.5M. In 2020, IAED continued to do what it does best: Supply forward-thinking, strategic economic development in Ithaca and Tompkins County.
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 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 U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through...
As of April 1st, performing arts entertainment venues can reopen at 33 percent capacity. Venues can host up to 100 people indoors or up to...
As of April 1st, domestic travelers are no longer required to quarantine when they visit New York. For those considering travel to or from...
IAED’s new website highlights IAED’s services and promotes the strength and prosperity of the Ithaca and Tompkins County economy ITHACA,...
An overlooked source of cash for New York manufacturers is the Research and Development (R&D) tax credit. This incentive helps...
On March 11, 2021, President Biden signed the American Rescue Plan Act into law, which provides additional relief for the nation’s small...
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.