ITHACA, N.Y., June 14, 2022 – Ithaca Area Economic Development (IAED) announced it has moved offices to the former Tompkins Community Bank headquarters located at 119 E. Seneca Street in Ithaca. The second-floor suite features 5,000 ft2 of office space, which will house IAED’s growing team and its partner, the Tompkins County Workforce Development Board. Tompkins Community Bank coordinated several updates to the space in advance of the move.
IAED President Heather McDaniel said, “The move keeps us centrally located downtown, close to the Commons and our community partners. Tompkins Community Bank has really made this an easy process for us. We’re grateful for their help and excited about maintaining our presence downtown. This is a win-win situation for everybody.”
IAED administers the Tompkins County Industrial Development Agency (TCIDA). In 2015, the TCIDA approved tax incentives to Tompkins Community Bank for construction of its new corporate headquarters, located immediately across Seneca Street. The entire project was a $35 million capital investment by the bank and paved the way for IAED’s move.
Tompkins’ Central New York President Greg Hartz shared, “IAED is a critically important member of our community and we are thrilled to now welcome them as our neighbor.”
The Gateway Building, site of IAED’s former office, is being renovated for residential housing. IAED plans to host an open house at its new location in the coming months.
About Ithaca Area Economic Development
Ithaca Area Economic Development is a private non-profit economic development organization serving Ithaca and Tompkins County. It is New York State’s first and only Accredited Economic Development Organization, one of only 71 across North America. Since 1964, Ithaca Area Economic Development has worked to grow, retain, and attract companies that provide high-quality employment opportunities and strives to create a supportive environment for businesses and entrepreneurs. For more information, visit IthacaAreaED.org.
About Tompkins County Industrial Development Agency
The Tompkins County Industrial Development Agency (TCIDA) is a public authority created by the Tompkins County Legislature. It is guided by federal and state law as well as policies established by its Board of Directors. The mission of the TCIDA is to deliver economic incentives to business and industry to diversify and strengthen Tompkins County’s tax base and enhance community vitality by supporting job creation, business and industrial development, and community revitalization.