A groundbreaking ceremony was held on June 27th to symbolically mark the beginning of the project with plans to be operating in October of this year. The $1.8 million project also received funding from New York State, Tompkins Trust Company, and the Appalachian Regional Commission.
The TCAD Sustainable Business Loan Fund was made possible by a long term investment from The Park Foundation. The fund was established to provide financial support to businesses that meet the triple bottom line goals of financial, social and environmental responsibility.
The Sustainable Business Loan Fund is part of the larger TCAD Loan Fund Program, targeting businesses selling a product or service to costumers outside of Tompkins County. Since 1989, TCAD has loaned $2.1 million to 57 companies that have created 852 jobs. At TCAD, we create quality employment opportunities and strengthen the tax base.