by Stephen Kimball
For Immediate Release
May 9, 2008
For More Information:
Contact: Stephen Kimball
607-273-0005
stephenk@tcad.org
New jobs Created By Tompkins County IDA Projects Produced $37 Million In Wages In 2007
Ithaca, NY, Based on the 2007 jobs report for Industrial Development Agencies that is filed with New York State, the Tompkins Country’s IDA again showed very impressive results. The projects listed in the report created over $37 Million in salaries based on the new jobs they created. When the jobs already existing at the IDA Projects are added in, the figure rises to over $100 million in total salaries.
This is not only very good news for Tompkins County and its residents who are benefiting from these newly created jobs. This is good news for IDAs as they have been criticized as not being an effective tool for creating new jobs.
Insert Michael Quote
About TCAD
Tompkins County Area Development, Inc. (TCAD) is a private, not-for-profit organization founded in 1964 that provides the Ithaca area with innovative services to strengthen the economy. TCAD is dedicated to building a thriving and sustainable economy that improves the quality of life in Tompkins County by fostering the growth of business and employment. While working with business, not for-profit, higher education, and public sector organizations, we fulfill our mission by assisting in the formation, retention, expansion, and attraction of target businesses. As the community's lead economic development agency, TCAD offers financial assistance, technical assistance and real estate development services. TCAD is responsible for creating and implementing the comprehensive economic development strategy for the county that provides leadership to create a supportive economic environment. In addition, TCAD manages both Tompkins County’s Industrial Development Agency (IDA) and Empire Zones Program.
About The Tompkins County Industrial Development Agency (IDA)
The primary mission of the Tompkins County Industrial Development Agency is to offer economic incentives to the 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.
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New jobs Created By Tompkins County IDA Projects Produced $37 Million In Wages In 2007
Tompkins County Area Development
200 East Buffalo Street, Suite 102A Ithaca, New York 14850 ( 607 ) 273 - 0005 |