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TCAD outlines five‑year funding model and recent projects, urges partnership on energy task force implementation
Summary
Tompkins County Area Development (TCAD) presented a recommended budget and described a three‑part funding model (private pledges, fees and county support), recent IDA and loan fund activity, and next steps on implementing the Energy & Economic Development Task Force recommendations.
Heather McDaniel, vice president of Tompkins County Area Development (TCAD), told the legislature that TCAD’s budget model is one‑third private regional pledges, one‑third fee income (including IDA/TCDC) and one‑third county support. She said the five‑year county pledge helped TCAD secure roughly $1.4 million in private pledges and credited that partnership with enabling local job creation and capital investment.
McDaniel highlighted recent economic development work: IDA…
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