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TOMPKINS COUNTY AREA DEVELOPMENT INC

ITHACA, NY · EIN 166058339 · Form 990 · FY2024 · Medium ($1M-$10M) · ithacaareaed.org
revenue
$1.4M
expenses
$1.6M
net assets
$4.6M
employees
6
volunteers
27
mission · from form 990

BUILDING A THRIVING AND SUSTAINABLE ECONOMY THAT IMPROVES THE QUALITY OF LIFE IN TOMPKINS COUNTY BY FOSTERING THE GROWTH OF BUSINESS AND EMPLOYMENT.

profile · synthesized from sources

Economic development organization serving Tompkins County, New York, focused on fostering business growth, workforce development, and sustainable economic strategies. The organization supports local startups, manages investment initiatives, and administers programs in manufacturing, clean technology, and tourism. It operates through public-private partnerships and grant-funded projects to improve regional economic vitality.

named programs · 5 · from sources

What they call their work

Direct to Work Manufacturing Partnership
Workforce development partnership connecting job seekers with manufacturing employers
New York Southern Tier Cleantech Strategy
Regional initiative to advance clean technology innovation and economic development in the Southern Tier region
Pathways to Manufacturing Work Program
Workforce training initiative preparing individuals for careers in manufacturing, supported by grant funding
Tompkins Build Apprenticeship Program
Apprenticeship program offering skill development and career pathways in construction and building trades
Tourism Capital Grants
Grant program supporting tourism-related capital projects in Tompkins County
activities · 9 groups

What they do

  • Regional Economic Development Initiatives 4 activities
    • Administer economic incentives and support business investment projects
      Supports economic development by administering incentives that have facilitated 197 projects, resulting in $3.5 billion in investment, 14.9 million square feet of construction or renovation, and 255 MW of solar energy capacity in Tompkins County.
    • Advocate for clean energy and high-tech manufacturing growth
      Advocates for regional economic development in clean energy and high-tech manufacturing by promoting investment in renewable energy storage, clean transportation manufacturing, and semiconductor packaging, leveraging local research strengths and workforce development.
    • Deliver technical, financial, and site location assistance to traded sector businesses
      Provides direct support to businesses in traded sectors—including site selection, financial planning, and technical guidance—to stimulate private investment, job creation, and economic growth in Tompkins County.
    • Develop and publish regional economic development strategies
      Produces strategic planning documents such as the 2015-2020 Tompkins County Development Strategy and the New York Southern Tier Cleantech Strategy to guide regional economic growth, with a focus on innovation, clean technology, and high-tech manufacturing.
  • Business Improvement District Management 1 activity
    • Identify and prepare shovel-ready industrial sites for business expansion
      Identifies and develops Tier I and Tier II shovel-ready sites to support business attraction, expansion, and economic development in the region.
  • Community Broadband Infrastructure Development 1 activity
    • Lead regional infrastructure development projects
      Leads major infrastructure initiatives, including a 56-mile fiber broadband expansion to support redevelopment of a former coal plant, connect unserved households, and back up municipal systems, as well as infrastructure upgrades for transforming former industrial sites into mixed-use neighborhoods.
  • Local Business Financing and Incentives 1 activity
    • Operate a revolving loan fund for local entrepreneurs
      Manages a Revolving Loan Fund Program that provides financial support to entrepreneurs starting or expanding businesses in Tompkins County.
  • Advanced Manufacturing Workforce Training 1 activity
    • Operate paid pre-apprenticeship training programs in construction and manufacturing trades
      Runs multiple paid training programs, including the Tompkins Build – Pathways to Apprenticeship (11 weeks) and the Direct to Work Manufacturing Partnership, which provide classroom instruction, hands-on experience, OSHA-10 certification, and guaranteed post-graduation job interviews to prepare individuals for union apprenticeships and careers in construction and manufacturing.
  • Neighborhood Civic Engagement 1 activity
    • Participate in local planning initiatives for community revitalization
      Serves on Local Planning Committees for state programs including the Downtown Revitalization Initiative and NY Forward to guide community development and inclusive growth strategies.
  • Workforce Readiness Training 1 activity
    • Provide career readiness and workforce development training aligned with local industry needs
      Develops and delivers career readiness programs that include foundational math, professional skills, and industry-recognized certifications (e.g., OSHA-10, First Aid/CPR, CMfgA) to address workforce gaps in construction and manufacturing sectors, supported by grants from federal agencies such as the U.S. Department of Labor.
  • Alumni Leadership and Career Support Programs 1 activity
    • Provide ongoing case management and career support services for training program graduates
      Offers 12 months of post-program case management, career services, and ongoing resources to support participants in securing and retaining careers in the construction trades.
  • Uncategorized 1 activity
    • Advise on and administer state and federal economic development grants
      Provides advisory and administrative services for clients applying for and managing grants from agencies including the Appalachian Regional Commission, Department of Labor, and USDA, including managing a $500,000 EDA grant for the Direct to Work Manufacturing Partnership.
financials · form 990 · fy2024
revenue
Total revenue$1.35M
Contributions & grants$00%
Program service revenue$1.25M93%
Investment income$67K5%
Other revenue$33K
expenses
Total expenses$1.62M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$839K
Grants paid out$243K
Largest expense lineCompensation
balance sheet
Total assets$5.25M
Cash$2.99M
Investments$135K
Liabilities$693K
Net assets$4.56M
Liquid reserves23.1 mo
5 years on record · 2020–2024 · YoY revenue -49.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
HEATHER MCDANIEL PRESIDENT 35 $213K
board members · 24
  • AMY KREMENEK — DIRECTOR
  • ANNE KOREMAN — DIRECTOR
  • BRIAN NOTEBOOM — DIRECTOR
  • CARRIE POLLAK — DIRECTOR
  • CATHY HART — VICE CHAIR (PART YEAR)
  • CHARLIE MULLIGAN — DIRECTOR
  • CHRIS MALCOM — SECRETARY
  • CHRISTINE LOVELY — DIRECTOR
  • GREG GALVIN — CHAIR
  • GREG HARTZ — DIRECTOR
  • GREG MEZEY — DIRECTOR
  • JASON LEIFER — DIRECTOR
  • JEFF GORSKY — TREASURER
  • JODI DENMAN — DIRECTOR
  • JOEL MALINA — DIRECTOR
  • JOHANNA ANDERSON — DIRECTOR
  • JULIE BAKER — DIRECTOR
  • KELLY NELSON — DIRECTOR
  • LISA WHITAKER — SECRETARY
  • MARGO MARTIN — DIRECTOR
  • MARTIN STALLONE — DIRECTOR
  • PETER DUGO — DIRECTOR
  • ROBERT CANTELMO — DIRECTOR
  • SHAWN WILCZYNSKI — DIRECTOR
relationships · 39

Who they work with

  • Amplify Equity Partner — Collaborates with Amplify Equity, a CDFI, to expand access to flexible funding, education, and mentoring for marginalized entrepreneurs.
  • Appalachian Regional Commission Partner — IAED administers grants from the Appalachian Regional Commission for clients.
  • Beginnings Credit Union Partner — Shares leadership representation on the IAED Board of Directors.
  • Big Red Ventures Partner — Works with Big Red Ventures to connect early-stage companies with capital and Cornell University resources.
  • Binghamton University Partner — Collaborates with the organization on workforce development, infrastructure planning, and regional marketing as part of the Southern Tier Cleantech Strategy.
  • CCMR Partner — Works with the Cornell Center for Materials Research (CCMR) to support small businesses in solving materials-related challenges through the JumpStart Program.
  • City of Ithaca Office of Economic Development Partner — Works with the City of Ithaca’s Office of Economic Development to promote sustainable growth, investment, and a favorable business climate.
  • Cornell University Partner — Collaborates with the organization on workforce development, infrastructure planning, and regional marketing as part of the Southern Tier Cleantech Strategy.
  • Cornell University Partner — Engages through joint representation on the Board of Directors and university relations roles.
  • Department of Labor Partner — IAED administers grants from the Department of Labor for clients.
  • Downtown Ithaca Alliance Partner — Partners with the Downtown Ithaca Alliance (DIA) to support revitalization, development, and promotion of businesses in Downtown Ithaca.
  • Industrial Development Agency Government — IAED administers the Tompkins County Industrial Development Agency (TCIDA), a public authority that provides tax incentives for economic development projects.
  • LaunchNY Partner — Partners with LaunchNY to provide guidance, mentorship, and investment support for emerging companies in upstate New York, including Tompkins County.
  • Manufacturer’s Talent Institute Partner — Partner in piloting the Advance 2 Apprenticeship program.
  • McGovern Center Partner — Collaborates with the McGovern Center at Cornell to accelerate technology development, validate business plans, and strengthen management teams for client companies.
  • NYSEG Partner — Collaborates with the organization on utility infrastructure planning as part of the Southern Tier Cleantech Strategy.
  • New York State Government — IAED serves on Local Planning Committees for state programs including Downtown Revitalization Initiative and NY Forward.
  • Platinum Investors Funder — Supports IAED financially as platinum-level investors, enabling ongoing economic development leadership.
  • Praxis Center Partner — Partners with the Praxis Center at Cornell to support early-stage engineering, digital, and physical science startups through incubation services.
  • REDEC Partner — Collaborates with REDEC to provide gap funding for new and expanding businesses in the Southern Tier region.
  • Rev Partner — Collaborates with Rev, a business incubator in Ithaca, to support new and growing businesses through mentorship, workspace, and startup resources.
  • STEED Revolving Loan Fund Program Partner — Connects businesses to the STEED Revolving Loan Fund Program, which provides low-interest financing across an eight-county region including Tompkins County.
  • Southern Tier REDC Government — Engages with the Southern Tier Regional Economic Development Council (REDC) to guide access to state economic development funding through the Consolidated Funding Application process.
  • TCIDA Partner — Works with the Tompkins County Industrial Development Agency (TCIDA) to deliver tax incentives that support job growth and community revitalization.
  • TOMPKINS COUNTY AREA DEVELOPMENT INC Network — Known as the Ithaca Area Economic Development (IAED), indicating affiliation with the local economic development network
  • Tom Poughkeepsie Community Bank Partner — Engaged through executive representation on the Board of Directors.
  • Tompkins Chamber Partner — Collaborates with the Tompkins Chamber to provide networking opportunities such as Business After Hours and Networking at Noon.
  • Tompkins Cortland Building Trades Council Partner — Partner organization in the development and delivery of the Tompkins Build – Pathways to Apprenticeship program.
  • Tompkins Cortland Building Trades Council Partner — Partner organization through which program participants connect directly with unions for apprenticeship opportunities.
  • Tompkins Cortland Community College Partner — Partner in piloting the Advance 2 Apprenticeship program.
+ 9 more
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Convened Cross-Sector Governance for Regional Development
    methodology: cross_sector_governance
    By engaging a cross-sector Board of Directors and facilitating regular stakeholder convenings, the organization aligns regional actors around shared economic goals, because structured collaboration among employers, educators, and community partners strengthens collective ownership and sustainability of economic initiatives.
  • Equity-Driven Talent Pipeline Reform
    methodology: equity_focused_hiring_reform
    By restructuring hiring processes in partnership with stakeholders, the organization advances equity and expands access to skilled trades for women, people of color, and veterans, because inclusive hiring practices dismantle systemic barriers and create more representative, resilient workforce pipelines.
  • Industry-Led Workforce Development with Employer Integration
    methodology: industry_led_workforce_development
    By aligning skills training with employer needs and integrating direct engagement such as site visits and interviews, the organization connects unemployed and underemployed individuals to sustainable manufacturing and construction careers, because employer involvement ensures training relevance and increases job placement success.
  • Traded-Sector Economic Development with Strategic Positioning
    methodology: traded_sector_economic_development
    By focusing on traded-sector businesses that generate external revenue and aligning regional assets with high-tech supply chain opportunities, the organization brings new income into the local economy and strengthens regional competitiveness, because export-oriented growth does not compete for local spending and scales beyond local market limits.