MembershipTCAD is a unique public/private partnership funded and governed by representatives from virtually all sectors of the local economy.
To achieve our mission, we provide a variety of services to both the public and private sectors.
Impressive Return on Investment In the last 10 years TCAD projects have resulted in:- 1,700 new jobs created (the average non-management wage for the new jobs created exceeds $17/hour)
- $145 million of new investment in facilities and equipment
- 1.4 million sq. ft. of facilities built or renovated
- $337 million of tax exempt bonds issued for local not-for-profit institutions
TCAD takes a leadership role and partners with other agencies to launch new initiatives.
- Expand sewer and water infrastructure
- Improve air service
- Create new workforce development system
- Launch local venture capital fund
- Create forum for entrepreneurship networking
A progressive strategy
TCAD is also responsible for the creation and implementation of a comprehensive economic development strategy for the community.
- TCAD facilitates the creation of high paying jobs for local residents with good benefits and room for advancement.
- TCAD focuses on companies that sell their products or services to customers outside of Tompkins County.
- TCAD directs scarce incentives to businesses that are committed to Tompkins County and are here for sound strategic reasons.
- Our projects help revitalize traditional urban centers.
- Our initiatives provide the infrastructure that allows local businesses to compete in a global economy.
A sustainable funding strategy
- 1964 - TCAD is founded with financial support from local businesses, County government and Cornell University.
- 1985 - TCAD launches its first 3-year membership campaign and hires first full-time staff.
- 1990 - TCAD activity begins to generate fee-based revenue.
- 2005 - TCAD implements new funding model based on balanced revenues from membership, government & fees.
- Fall 2005 - 3 year membership campaign is launched.
