Certified Technology Park

Rendering 4 Certified Technology Park

Master Plan and Redevelopment Strategy

News and Updates

Background

Certified Technology Parks are created as a tool to support the attraction and growth of high-technology business and to promote technology transfer opportunities. The State awards the designation to communities that are partnering with a research institution and that meet certain criteria, such as a commitment from a technology business to create jobs in the park and the existence of a business incubator.

Designation as a Certified Technology Park allows for the local recapture of up to $5 million of certain state and local tax revenue, which can be invested in the development of the park. In addition to the recapture of tax revenue, communities may seek up to $4 million in grant funding from the State for use within the park.

The Bloomington Certified Technology Park encompasses 65 acres of downtown and is home to several technology companies as well as other downtown professional offices. The Tech Park is adjacent to many cultural attractions, downtown restaurants, core neighborhoods and downtown housing. The B-Line Trail, the City's multi-use urban trail, runs through the area further linking the Certified Technology Park to other areas of of Bloomington's historic, vibrant downtown and to parts beyond.

Map


Additional Information

Stay tuned to this website for additional news and updates or contact Danise Alano-Martin, Director of Economic & Sustainable Development, at 812-349-3418.