Ithaca Area Economic Development | Business Creation, Retention and Expansion

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The Ithaca of tomorrow
is being built today.

The economy in Ithaca and Tompkins County is thriving, our unemployment rate is low, and our population is growing. People want to live and work here; their continued investment in us is proof. Learn more about how IAED supports businesses, the economy, and communities of Tompkins County.

Do Business Here

New Name.
Same Mission.

Our new name, Ithaca Area Economic Development (IAED), strengthens our ability to support business creation and expansion in Ithaca and Tompkins County. IAED’s experienced staff and dedicated board greet every challenge as an opportunity to provide the customized solutions for which we’re known. If it involves building a thriving and sustainable economy, IAED is on it.

About IAED

Ithaca is ripe for business.

Ithaca and Tompkins County have abundant resources: a conducive climate, intellectual capital, and a talented workforce. Whether you’re considering starting a business here or want to grow your established company, we’ve got what you need to succeed.

Get Started

All are welcome here.

A diversity of people and opinions, public spaces, and a packed calendar of events make Ithaca and Tompkins County a vibrant and varied community. We’re a whole lot more than just a great place to live and work, though. We’re an even better place to be uniquely you.

IAED 2020
Successes

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.

Press Release

There’s no better place to build a business than
right here, right now.

Here's Why

1. Academic Resources

Top talent and groundbreaking research right in our backyard

2. Economic Stability

Our area outperforms state and federal averages

3. Location

Only a stone’s throw to major metros

Build Here

Incentives

IAED provides incentives to feed your project and passion.

Connect Here

Business Resources

IAED is the cog, coordinating business assistance across our service area.

Thrive Here

Economy

IAED ensures the Tompkins County economy stays great and growing.

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.

Learn More

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.

Waterfalls

Population

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.

Initiatives

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

Economic News

Economic Injury Disaster Loan (EIDL) Limit Increases

The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through...

NYS Performing Arts Venues May Now Open at 33% Capacity

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...

Quarantine Not Required for Vaccinated Domestic Travelers

As of April 1st, domestic travelers are no longer required to quarantine when they visit New York. For those considering travel to or from...

Ithaca Area Economic Development Launches New Website!

IAED’s new website highlights IAED’s services and promotes the strength and prosperity of the Ithaca and Tompkins County economy ITHACA,...

Research and Development Tax Credit

An overlooked source of cash for New York manufacturers is the Research and Development (R&D) tax credit. This incentive helps...

American Rescue Plan Impacts for Small Businesses

On March 11, 2021, President Biden signed the American Rescue Plan Act into law, which provides additional relief for the nation’s small...

Our Supporters

Thank you to our
Platinum Investors

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.