The primary mission of the Tompkins County Industrial Development Agency (IDA) is to offer economic incentives to Tompkins County businesses in order to create and retain quality employment opportunities and strengthen the local tax base. The IDA targets the industrial sector and will only consider other sectors if certain criteria are met.
In general, the IDA avoids offering incentives to businesses that will compete with or displace existing Tompkins County businesses. It prefers to assist those businesses that have a market for products or services extending beyond Tompkins County including “back office” operations and regional or national headquarters.
The following are two two unique programs the IDA offers to encourage smart growth and high density development:
City of Ithaca Community Investment Incentive Tax Abatement Program (CIITAP)
A developer seeking a tax abatement under this program must first seek the approval and endorsement of the City of Ithaca. IDA applications must be accompanied by a letter of support from the Mayor and copies of all the application materials submitted to the City. The IDA application must also be signed to be considered complete. The IDA will make an independent determination of the project.Tompkins County Area Development (TCAD) provides administrative and marketing services to the IDA. Potential applicants should contact the City Planning Department to schedule a meeting with Planning Staff and TCAD staff to determine project eligibility.
Lansing Town Center Incentive Program
Lansing Town Center Incentive ProgramThe Town of Lansing Comprehensive Plan identifies goals and objectives around creating a vibrant Town Center where higher density housing, commercial services catering to the needs of local residents, and recreational opportunities are established that increase the tax base and create a sense of community in Lansing.