Capital/Finance
Broome County Industrial Development Agency (The Agency) The Agency has the authority to abate a variety of local and State taxes and serves as a conduit to the tax-exempt bond market for private sector projects in: Barker, Binghamton, Chenango, Colesville, Conklin, Dickinson, Fenton, Kirkwood, Lisle, Maine, Nanticoke, Sanford, Triangle, Union, Vestal and Windsor.
Cayuga Venture Fund (CVF) Provides the necessary capital and resources companies need to grow and prosper.
Grants.gov Centralized location for grant seekers to find and apply for federal funding opportunities; over 1,000 grants
New York Business Development Corporation (NYBDC/ SBA 504) Provides loans to small businesses including startup, early-stage and mature businesses with a particular emphasis on minority and women owned businesses. The SBA 504 is administered through NYBDC’s affiliate – the program is a fixed asset economic development program designed to promote growth and job creation in small and medium sized businesses.
Upstate Capital Association of New York A statewide organization formed to advance venture capital and private equity investments throughout upstate New York.
Regional Economic Development Council (REDC) State agencies have developed a unified funding application, the Consolidated Funding Application (CFA), which has made State economic development resources from numerous State agencies accessible through a single application. REDC guides State funding decisions. Tompkins County is part of the Southern Tier and won $67.3 million in 2014.
Rev: Ithaca Startup Works Member companies less than 5 years old are eligible for Innovation Hot Spot tax benefits, including 5 year exemption from NYS corporate income tax, personal income tax related to pass-through income from member LLCs and s-Corporations, and a portion of the sales taxes associated with purchases.
SBA Backed Loans Most local banks offer SBA loans, contact your bank representative to learn more.
Tompkins County Industrial Development Agency (TCIDA) The TCIDA has the authority to abate a variety of local and State taxes and serves as a conduit to the tax-exempt bond market for private sector projects in: Ithaca, Groton, Lansing, Ulysses, Enfield, Newfield, Danby, Caroline and Danby.