Tompkins County Development Corporation
The Tompkins County Development Corporation (TCDC) was established by the Tompkins County Legislature in 2010 to serve as a conduit to the tax-exempt bond market for local not-for-profit employers. While no credit enhancement is offered by the TCDC or the County, bonds issued by the TCDC provide lower interest rates than conventional financing.
The establishment of the TCDC by the County Legislature recognizes the critical role not-for-profits employers play in the local economy. The TCDC mirrors the TCIDA in fundamental polices, procedures and board membership. Like with the TCIDA, the TCDC is managed by TCAD.