Industrial Development Agency
Tompkins County Industrial Development Agency
The primary mission of the Tompkins County Industrial Development Agency (TCIDA) is to offer economic incentives to Tompkins County businesses to diversify and strengthen the local tax base.
The 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 IDA is a local tool that can assist projects that create community benefits such as new tax base, new rental housing, long-term job opportunities, community revitalization and renewable energy generation. The IDA has specific polices to encourage business and industrial development as well as community development projects in specially designated urban and community centers.
The IDA carefully considers the community benefits of each project, weighing the value of scare local economic development resources. Community benefits include meeting locally defined goals such as affordable or senior housing, creating or retaining career opportunities, leveraging public/private investment, or generation of additional sources of revenue for local communities.
The Tompkins County Industrial Development Agency delivers 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. We strive to develop the local economy in an organized, sustainable and environmentally beneficial manner.