7&$' Tompkins COUNTY AREA DEVELOPMENT

207 11 PROVIDED The elegant structural design of the Kionix gyro provides for unmatched ! performance stability.

“We cannot exist without Gregory J. Galvin, Ph.D. President & CEO continuous innovation in Kionix, Inc. our products and how we manufacture them. New features, smaller sizes , lower costs drive our markets.”

Pat Govang » “True innovation goes beyond Chairman of the Board President & CEO 7&$' e2e Materials incrementally improving the

world around us. Broadly Tompkins COUNTY AREA changing the status quo DEVELOPMENT requires collaborative efforts

on many levels. There is no

better example of that than our relationship with TCAD.” 207 11 PROVIDED The elegant structural design of the Kionix gyro provides for unmatched ! performance stability.

“During our 28 years in business , “As global consumers demand more Transonic Systems has developed fuel-efficient vehicles, the auto and introduced flow measurement industry is demanding significant innovations that span the scientific improvements in the cost and world from research to heart , performance of lithium ion batteries . transplant and vascular surgeries . Primet has developed unique Now, our newest product COstatus ® technology to produce the materials offers blood flow and volume that go into those batteries, at cost measurements under the most and performance levels that even difficult of diagnostic conditions the world’s best companies can’t for the critically ill newborn baby match. We’re proving that advantage and young infant. I am extremely on our plant floor in Ithaca today , proud of our staff and our ability so battery and materials producers to develop new technologies and throughout the world can adopt it . bring them to gold-standard clinical So when you hear the CEO of a major practice that help physicians save auto company saying that batteries the lives of patients.” must improve before you can have a low-priced electric vehicle in your Bruce Kilmartin | Chief Operating Ofﬁcer | Transonic driveway, you’ll know that Primet is working on the solution.”

Larry Thomas | President & Chief Executive Ofﬁcer | Primet

« Kimnann Aun assembles a probe at « Transonic’s manufacturing facility. Pictured (L to R): Brad Sprouse, Archit Lal, Dr. Shoufeng Yang REPORT FROM REPORT FROM THE CHAIRMAN THE PRESIDENT

marketplace because they innovate in the way they design • The Excelsior Jobs Program, developed as a Charlie Trautmann and manufacture their products. Many also innovate in the Michael Stamm replacement for the Empire Zones Program under the Chairman TCAD way they organize and finance their growth. TCAD President last administration, has been significantly improved and Board of Directors TCAD is no different. extends tax credits from five years to ten. The R&D Our Board of Directors includes representatives from The current condition credit has also has been increased, allowing businesses Innovation. virtually every sector of our economy. This diversity is of the New York to access the credits sooner. It’s very likely the in itself innovative and unique among our peers in the State economy has single most important economic development sector. It helps us create innovative resulted in massive TCAD knows regional, State and federal programs are word in business ideas and implement them. Our remarkable staff works cuts of State aid to not always able to meet the needs of local employers. Over today. Organizations closely with our Board to create ambitious strategic plans local government the years we have helped launch major initiatives like the that innovate, thrive. Those who don’t languish, merge, or and carry out new initiatives. Our innovative and school districts, Cayuga Venture Fund and the Finger Lakes Entrepreneurs’ provide material for the business obits. approach to the management of as well as to the many not-for-profit organizations serving Forum to respond to the needs of the growing number of Tompkins County has been a center for business our programs generates substantial our community. While the State’s economic development technology-based entrepreneurs in our area. Recently, we innovation for over 150 years. New products, new revenues, which we re-invest to create programs have not been immune to those cuts, Governor refined our long-standing revolving loan fund programs so processes, new ways of manufacturing, and new ways of a successful business climate for Cuomo and the State Legislature have made some bold they are now more useful to early stage companies. doing business are all part of our County’s portfolio of Tompkins County. decisions that are good for the State and its employers. We continue our commitment to working collaboratively accomplishments. Let’s take a look at how they flourish I invite you to take a look through our Annual Report TCAD has been very active in Albany through meetings with the community’s Workforce Investment Board through the efforts of TCAD. and learn more about the many ways TCAD makes with legislators and key staff members. A clear message and devote substantial resources to the infrastructure As you know, Tompkins County is home to many Tompkins County one of the finest places to live in all of was sent about the needs of employers for incentive necessary to support job-creating businesses. Our airport is successful community-based organizations. Their missions New York State. programs that are more responsive to businesses just one example of the infrastructure necessary to support vary widely: some provide much-needed service to None of this work would be possible without the competing in a global marketplace. Here are a few our economic development efforts, and it continues to set those in need, while others provide entertainment and unflagging efforts of our dedicated Board of Directors, examples of new and improved State initiatives: records for service and competitive pricing. cultural enrichment. Tompkins County Area Development our talented staff, our loyal member investors, and the Our outlook for the future is guardedly optimistic as — TCAD — creates quality employment opportunities and many trusted partners who join with us for projects and • A new Recharge NY program will deliver low cost we already see companies growing back to pre-recession strengthens our tax base by growing our local businesses. initiatives. To all of you, a heart-felt “Thank You” for a power to companies creating quality jobs through new employment levels. And we expect the flow of deals We usually associate the term “innovation” with most successful year! investment in facilities and equipment. The high cost of spinning out of Cornell’s technology transfer efforts to technology-based companies. It is certainly true most power in New York State has been a consistent problem increase. Companies using technology to of TCAD’s customers compete successfully in the global for energy intensive businesses. design and manufacture their products • $130 million will fund new Regional Councils. While the will be the foundation of our economy structure and authority of the Councils has yet to be for years to come. established, this initiative reflects the diversity of the State’s economy and the acknowledgement that all resource allocation decisions should not be made in Albany. HIGHLIGHTS & ACTIVITIES drugs for diseases such as Alzheimer’s, HIV, and manufacturing capabilities for the production of HIGHLIGHTS Parkinson’s disease. advanced battery materials. Primet received a fixed asset loan to develop manufacturing capabilities. e2e Materials – established a prototype manufacturing facility in Ithaca to produce moldable, high-strength, naturally fire retardant, non-toxic biocomposite that BUSINESS RETENTION VISITS & ACTIVITIES replaces conventional wood products. While attracting new companies to a community is what REVOLVING LOAN FUND PROGRAM Regional Access – a natural and specialty food Comet Action Sports – was awarded two loans in 2010. most people define as economic development, new job distributor serving high-end restaurants, natural and The first to expand its skateboard manufacturing facility creation usually comes from companies or entrepreneurs TCAD has managed a revolving loan fund program gourmet food stores, bakeries, food manufacturers, in the Town of Enfield and the second to respond to already in a community. That is why TCAD visits key local meeting the needs of businesses creating quality jobs institutions, local wineries, and wine importers and stresses after a fire forced Comet’s offices and retail employers on a systematic basis. These visits provide since 1989. Since then we have loaned $1.8 million to 52 distributors throughout New York. TCAD awarded the storefront on the Ithaca Commons to temporarily us with an early opportunity to help companies with companies that have created 841 jobs. company a loan to help grow the business. relocate. Comet will be back on the Commons in 2011. expansions or with the challenges they may face. Unlike In 2010 TCAD continued to provide technical most economic development agencies, we collaborate Sunbeam Candles – moved into a 2,200 square foot 130-132 The Commons Redevelopment – is part of a assistance and oversight for the program. Eight loans with our colleagues at the Workforce Investment Board facility in the Town Enfield where it manufactures earth- larger $2 million mixed-use redevelopment project on were awarded totaling $667,000. A total of 79 jobs will and other community based agencies on these visits. be created over three years as a result of these projects. friendly candles using solar power. the Ithaca Commons that includes an historic renovation Three of the loans in 2010 were made to high tech of the former Plantations Building. The project includes Adenios – a biotech company developing technology MEMBERSHIP CAMPAIGN start-up companies using a new quasi-equity investment that controls the permeability of the blood brain barrier a second floor banquet space, offices, eight apartments, model that was developed to better serve the needs of established a research lab in 2010. The technology and a restaurant on the ground floor. This year marks the final year of TCAD’s 2009-2011 these early-stage companies. can be used to improve the delivery of multiple Primet Precision Materials – is developing Membership Campaign. We deeply appreciate the TCAD has managed a revolving loan fund program meeting the needs of businesses creating quality jobs since 1989. Since then we have loaned $1.8 million to 52 companies that have created 841 jobs.

“Singlebrook has a mission of Andy Sciarabba » “We are very fortunate to live in a Treasurer/Secretary TCAD Managing Member, South community where innovation and Technology for Change. We Hill Business Campus, LLC find innovative ways to use entrepreneurship are abundant. In TCAD we have access to web and mobile technology many of the resources needed Elisa Miller-Out » to create a positive social Chief Executive Officer to successfully commercialize Singlebrook Technology, Inc. and environmental impact.” innovation and create good paying jobs.” HIGHLIGHTS & ACTIVITIES HIGHLIGHTS & ACTIVITIES support given to TCAD over the past two years, and Lansing Market – In keeping with its commitment approved a PILOT Increment Financing incentive for this Finger Lakes Entrepreneurs’ Forum – TCAD assumed want to thank all our supporters for seeing us through to strengthen unique community centers, the IDA mixed-use project. The $14 million invested will result administration and oversight for the Finger Lakes this final year of the campaign with their continued delivered its standard incentive package to support the in 86,000 sq. ft. of retail space, a new senior housing Entrepreneurs’ Forum, a local networking organization. investment in TCAD. construction of a new full service grocery store in the complex and improvements to an existing wetland. The The organization was originally spun out of TCAD in the TCAD’S next three-year cycle will begin in 2012. As the Town of Lansing. The project is valued at $3 million and project will generate much needed property and sales early 1990s and adds tremendous value to local start- new campaign launches we are making a change. In the will create 17 jobs. tax revenues to the community. ups and established businesses. FLEF held five events in 2010 and co-sponsored three seminars with the Cornell past TCAD always referred to its supporters as members. Cortland Produce – The IDA agreed to transfer 130-132 The Commons Redevelopment – The IDA Entrepreneurship Program. The five events were: Moving forward, we’ll be using the term “Investor” to previously approved incentives from one company to a delivered incentives to this project through its unique better reflect the fact that support of Tompkins County new owner of this warehouse distribution facility in the policy to encourage developers to invest in the City Area Development is really about investing in economic Town of Dryden. Cortland Produce will invest $1 million in of Ithaca’s urban core. As a result, an older building • Kionix – A Success Story and Tour development in our community. the facility in the short term and create twelve new jobs. on the Ithaca Commons was completely renovated to • Novomer & Primet – Getting from University Research to Commercialization Transonic Systems – In addition to TCAD’s work to bring house the new Mia restaurant and apartments. The total TOMPKINS COUNTY INDUSTRIAL • Making the Most of Business Networking a sewer extension to this long-standing Town of Lansing investment by the local developer is $2.9 million. DEVELOPMENT AGENCY • FLEF Member Business EXPO company, a complex incentive package was created to • Finger Lakes Distilling – An Entrepreneur’s Story Like in most communities, our IDA is an important tool help the company with a 30,000 sq. ft. addition, a near TOMPKINS COUNTY to create jobs and strengthen the local tax base. Just doubling of its existing space. The $4.75 million invested DEVELOPMENT CORPORATION as the global economy showed signs of improvement, MARKETING AND PUBLIC RELATIONS is conservatively estimated to create 20 new jobs in the In the past, TCAD was able to utilize the IDA to help local so did deal flow to the IDA. Here is a summary of next few years. not-for-profit employers access the tax-exempt bond TCAD continues to promote the importance of economic recent activity: development and job creation activities to local Arrowhead – After lengthy debate and analysis, the IDA market’s low interest rate financing. When the State allowed the IDA’s authority to issue tax-exempt bonds to stakeholders as well as our State and federal elected sunset, we worked with the County Legislature to create representatives. a new corporation, the Tompkins County Development This past year TCAD did this in a new way by launching Corporation, to fill this important need. The first two its “Real People, Real Jobs” campaign that highlighted projects are: people who work for businesses or organizations TCAD has assisted. These were four real people with four real Cayuga Medical Center – The TCDC issued over $14 jobs. With an average non-managerial wage of $19.00 million in bonds to the Cayuga Medical Center to support an hour for the jobs created by our projects, TCAD is a major investment in facilities and equipment. committed to the creation of jobs that elevate the quality “Fortis Wind Energy is bringing « Alex Hagen Ithaca College – $25 million in tax-exempt bonds were of life and sustainability of our community. Director of issued to Ithaca College to refinance existing debt TCAD continues to use its unique in-house capabilities innovation to the residential Business Development Fortis Wind Energy associated with College Circle Apartments as well as to to provide public relations assistance to key customers finance the construction of five new apartment buildings. including organizing press conferences and events. wind market by going back in TOURISM CAPITAL GRANTS time. Windmills from previous ADDITIONAL TCAD INVOLVEMENT TCAD has continued it’s involvement with the County On behalf of the County, TCAD manages a grant program generations were only effective and other organizations by participating in other areas to support capital projects at local tourism destinations. vital to the area economy. In 2010, the Tourism Capital Grants program awarded if they were simple, reliable, and $62,500 for three projects: Tompkins County Affordable Housing Oversight easy to maintain. By embracing Committee – The Community Housing Affordability Dorothy Cotton Institute – visitor center study Program and Community Housing Trust Program, Museum of the Earth – climate exhibit those qualities, Fortis Wind collectively known as the Housing Fund, is a joint effort Stewart Park – building rehabilitation study of Tompkins County, the City of Ithaca and Cornell Energy is making energy from University to help communities and organizations Over $1 million has been awarded by the program since throughout Tompkins County respond to the diverse its inception in 2003. the wind affordable.” affordable housing needs of its residents. TCAD participates on the Affordable Housing Oversight Committee, which makes funding recommendations to

support predevelopment costs for affordable housing Pictured (L to R): Dakota Potenza, Gwendolyn Barr, « projects. Two projects were awarded funds in 2010. Art Weaver, Gary Bush, Alex Hagen EMPIRE ZONES PROGRAM EMPIRE ZONES NEW BUSINESSES CERTIFIED $237,262 in State tax credits were delivered to 147 donors. Projects were as follows: Four businesses applied for certification prior to the program sunsetting in June of 2010. They project • Family & Children’s Service of Ithaca — creating 36 new jobs and making $1.9 million in capital Consolidation & Renovation PROGRAM investments over the next three years. • Kitchen Theatre — Campaign for a Bold New Space • Black Box Computer Consulting • Widetronix • Challenge Industries — Relocation BUSINESS PERFORMANCE (2009) • Mia Restaurant & Noodle Bar • Glycobia • Finger Lakes Wine Center — Construction The Empire Zone Program, the State’s premiere tax • Tompkins Learning Partners — Renovation BUSINESSES REPORTING 43 incentive program, was very short lived in Tompkins EMPIRE ZONE CAPITAL • Sciencenter — Exhibition Development Center County. One of the last counties in the State to be TOTAL JOBS IN 2009 1,960 CREDITS PROGRAM awarded, the program flourished under TCAD’s The Empire Zone Capital Credits program exceeded EXCELSIOR JOBS PROGRAM management from 2006 until it sunset statewide in June NEW JOBS CREATED (21 BUSINESSES) 54 expectations in 2010, giving non-profit organizations of 2010. Staff will continue to provide administration on The State rolled out a new tax incentive program in 2010 undertaking bricks and mortar projects in the Zone AVERAGE WAGE OF NEW HIRES $18.89/hr behalf of the County for the 47 businesses that were to replace the Empire Zones Program. The Excelsior a tremendous boost to their fundraising campaigns. grandfathered into the program. Jobs Program provides targeted tax credits for job CAPITAL INVESTMENTS $20,735,790 Donors were eligible to receive 25% of their growth and capital investments. TCAD staff are actively contributions back in State tax credits. meeting with businesses and helping them assess EMPIRE ZONE TAX BENEFITS RECEIVED $543,649 Six not-for-profit projects raised $949,051 in donations. eligibility and benefits. Empire State Development manages the program. One of the last counties in the State to be awarded, the Empire Zones Program flourished under TCAD’s management...

“Comet is positioned as a leading « Jason Salfi Comet Action Sports “In utilizing the facilities at innovator in action sports. We are constantly solving problems at the Cornell Nanoscale Facility, Comet with an eye toward scaling the Widetronix has been able to business and creating models that develop and test prototypes of can be transferred to other industries . Whether it is how we upcycle our scrap its semiconductor based battery, into sellable products or including called a betavoltaic, for use in our community of skateboarders in medical and military applications. the design process through an online Our partnership with TCAD will ‘crowd sourcing’ forum, Comet has always been ahead of the curve. The enable us to slowly develop in- new Comet facility leverages over a house testing capabilities and decade of skateboard innovation. This migrate our assembly process in- coupled with local Ithaca expertise in material science, art, design, finance Jon Greene » house to our facility in the South Chief Executive Officer and TCAD’s loan program has poised Widetronix Hill Business Campus.” Comet to grow significantly in the growing longboard/skateboard Pictured (L to R): Jon Greene and Chris Thomas, market and beyond.” « Chief Technology Officer. TCAD BALANCE INVESTORS SHEET Advion Gateway Plaza Associates Sciarabba Walker & Company ASSETS 2010 All-Mode Communications Global Phoenix Computers Security Mutual Insurance CASH AND CASH EQUIVALENTS $ 100,349 Alternatives Federal Credit Union Goodrich/Ithaco Space Systems Shops at Ithaca Mall Audrey Edelman & Associates Harris Beach, PLLC South Hill Business Campus RESTRICTED CASH AND CASH EQUIVALENTS $ 210,151 Bond, Schoeneck & King Haynor Hoyt Corporation Sprague & Janowsky TEMPORARY INVESTMENT $ 1 58 ,096 T. G. Miller Engineers & Surveyors BorgWarner Morse TEC Helen Saunders, CFP ACCOUNTS RECEIVABLE & PREPAID ITEMS $ 13,705 C&D Assembly Holt Architects The Computing Center PLEDGES RECEIVABLE $ – Cayuga Medical Center Hunt Engineers, Architects The Sciencenter LOANS AND MORTGAGES RECEIVABLE $ 666,591 Cayuga Radio Group & Land Surveyors Therm Cayuga Venture Fund Incodema Tompkins-Cortland Community Subtotal $ 1,148,892 Integrated Acquisition & Development College CBORD Group Tompkins County CFCU Community Credit Union International Education Exchange Services Tompkins County Chamber PROPERTY AND EQUIPMENT, AT COST $ 51,006 Chemung Canal Trust Company International Food Network of Commerce LESS ACCUMULATED DEPRECIATION $ (39,617) Ciaschi, Dietershagen, Tompkins County Development Little & Mickelson Iron Design Corporation Total Assets $ 1,160,281 City of Ithaca Ithaca Beer Ithaca College Tompkins County Industrial Communiqué Design & Marketing Development Agency Ithaca Journal LIABILITIES & NET ASSETS 2010 Community Foundation of Tompkins Insurance Agencies Tompkins County Ithaca Tompkins Regional Airport ACCOUNTS PAYABLE & ACCRUED EXPENSES $ 11,908 Tompkins Trust Company Cornell Research Foundation Kendal at Ithaca Town of Caroline DEFERRED MEMBERSHIP INCOME $ 250 Cornell University KensaGroup Town of Danby REVOLVING LOAN DEBT $ 56,218 Cornell University Real Estate Kionix Town of Dryden Datapoint Labs Longview Total liabilities $ 68,376 Town of Groton Day Care & Child Development Council M&T Bank Town of Ithaca DiMarco, Abiusi and Pascarella Mariette Geldenhuys, Attorney Town of Lansing UNRESTRICTED $ 1,021,190 Dryden Mutual Insurance Mettler Toledo Hi-Speed Checkweigher Transonic Systems TEMPORARILY RESTRICTED $ 70,715 Egner Architectural Associates Miller Mayer Trebloc Development Corporation REVOLVING LOAN - TEMPORARILY RESTRICTED $ – Elmira Savings Bank MPL Triad Foundation Emerson Power Transmission Municipal Electric and Gas Alliance Total net assets $ 1,091,905 True Insurance F&T Distributing NYSEG United Way of Tompkins County Family & Children’s Services of Ithaca Ongweoweh Corporation Vanguard Printing Total liabilities and net assets $ 1,160,281 Finger Lakes Technology Group Optigen Vector Magnetics First National Bank of Dryden Park Foundation Vybion First National Bank of Groton Primet Precision Materials Wegmans Franziska Racker Center Schickel Construction TCAD BOARD TCAD HAS OUR NEW ADDRESS 401 E. State/E. MLK Jr. Street Suite 402B OF DIRECTORS MOVED Ithaca, NY 14850 Since 2007 when TCAD expanded our staff to deliver affords a flexible office space where we can host the Empire Zone Program, our office space has been regional partners when they are working in the Ithaca constrained. In January of 2011 we said farewell to our area on mutually beneficial projects. office of 25 years on Buffalo Street and moved to the Our new conference room will be dedicated to honor Gateway Center. The move supports several strategic long-time board member and local developer Andy opportunities. The Workforce Investment Board is Sciarabba: “In honor of his 16 years of dedication OFFICERS now co-located in the TCAD offices. This allows the to Tompkins County Area Development as well as Charlie Trautmann – Chair Executive Director, Andy Sciarabba – Secretary/Treasurer Managing two organizations to improve collaborative efforts his commitment to Tompkins County’s business and The Sciencenter Member, South Hill Business Campus, LLC and achieve common objectives for workforce and entrepreneurial community.” Greg Hartz – Vice Chair President & CEO, Tompkins Howard Hartnett – Past Chair Trust Company Administrative VP, M&T Bank economic development. In addition, the new space Pictured below (L to R): Stephen Kimball, Heather Filiberto, Martha Armstrong, Michael Stamm, Ina Arthur.

NAGEL & SUMMERS DIRECTORS Don Barber Supervisor, Town of Caroline Julia Mattick Executive Director, Tompkins County Larry Baum President, The Computing Center Workforce Investment Board Jean McPheeters James Brown Executive Director, United Way of President, Tompkins County Chamber of Commerce Tompkins County “Concept Systems thrives « Mary Kane Will Burbank Glenn Morey Supervisor, Town of Groton President & CEO Legislator, Tompkins County Concept Systems Mary Opperman Laura Cima Economic Development Manager, CCTEC VP Human Resources, Cornell on using its unique and University Phyllisa DeSarno Deputy Director of Economic Carolyn Peterson innovative approaches to Development, City of Ithaca Mayor, City of Ithaca Martha Robertson Tony Eisenhut Managing Director, KensaGroup Chair, Tompkins County Industrial help others innovate. We feel Development Agency Greg Galvin CEO & President, Kionix John Rudd Sr. VP and CFO, Cayuga Medical Center that TCAD does the very Holly Hardie Business Manager, Hardie Farms Carl Sgrecci VP for Finance and Administration, Ithaca Carl Haynes President, Tompkins-Cortland College same thing, by supporting the Community College Herman Sieverding VP of Real Estate Development, County’s innovators through Stephen Johnson VP Government & Community Integrated Acquisition & Development Relations, Cornell University Steve Snyder VP Global Mfg. Tech & North American strong and responsive Susan Johnston General Manager, Cayuga Radio Group Operations, BorgWarner Morse TEC Mary Kane President & CEO, Concept Systems programs that accelerate Laurie Linn President, Communiqué Design & Marketing AND THANK YOU TO OUR OUTGOING value to our County.” Tom LiVigne Director, Cornell University Real Estate BOARD MEMBERS David Marsh Business Manager, Laborer’s Dave Anderson Plant Manager, Transmission Union Local 785 Components, BorgWarner Morse TEC Ed Marx Commissioner of Planning & Community Tom Kurz President, Advion BioServices Sustainability, Tompkins County TCAD BOARD TCAD HAS OUR NEW ADDRESS 401 E. State/E. MLK Jr. Street Suite 402B OF DIRECTORS MOVED Ithaca, NY 14850 Since 2007 when TCAD expanded our staff to deliver affords a flexible office space where we can host the Empire Zone Program, our office space has been regional partners when they are working in the Ithaca constrained. In January of 2011 we said farewell to our area on mutually beneficial projects. office of 25 years on Buffalo Street and moved to the Our new conference room will be dedicated to honor Gateway Center. The move supports several strategic long-time board member and local developer Andy opportunities. The Workforce Investment Board is Sciarabba: “In honor of his 16 years of dedication OFFICERS now co-located in the TCAD offices. This allows the to Tompkins County Area Development as well as Charlie Trautmann – Chair Executive Director, Andy Sciarabba – Secretary/Treasurer Managing two organizations to improve collaborative efforts his commitment to Tompkins County’s business and The Sciencenter Member, South Hill Business Campus, LLC and achieve common objectives for workforce and entrepreneurial community.” Greg Hartz – Vice Chair President & CEO, Tompkins Howard Hartnett – Past Chair Trust Company Administrative VP, M&T Bank economic development. In addition, the new space Pictured below (L to R): Stephen Kimball, Heather Filiberto, Martha Armstrong, Michael Stamm, Ina Arthur.

Luke Keller » “Innovation often involves Associate Professor Physics Ithaca College doing what others don’t expect by integrating ideas and information that already

exist, that may even seem obvious, into a new solution using our imagination. Imagination is like physical ﬁtness; everyone has it at some level and we can develop our imagination, with a teacher or independently, by exercising it.” 401 E. State/E. MLK Jr. Street Suite 402B Ithaca, NY 14850 Tompkins County Area Development 607.273.0005 | www.tcad.org

Annual Report designed by: Louis Johnson, irondesign.com, photography by Sheryl D. Sinkow Photography, www.sinkowphotography.com (unless otherwise noted), printing by Arnold Printing.

Paper used is made with 10% post consumer waste and natural ﬁber from sustainable forests.