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The following is a brief description of each district located with the city of Bloomington. If you have any additional questions please contact the Department of Economic & Sustainable Development.

Bloomington Urban Enterprise Zone

The Enterprise Zone is managed by the Bloomington Urban Enterprise Association.

Bloomington Entertainment & Arts District (BEAD)

The Bloomington Arts Commission is working to develop the Bloomington Entertainment & Arts District (BEAD).

Certified Technology Park (CTP)

The Certified Technology Park encompasses 65 acres of downtown Bloomington and his home to several high-tech businesses. The Park is also adjacent to many cultural attractions, downtown restaurants, core neighborhoods and downtown housing. Our Certified Technology Park has the ability to capture the incremental growth of payroll and sales taxes generated within the Park, with a total available amount of $5 million. The funds collected by the City will be used for economic development purposes within the Park, including public facilities, laboratory facilities, research and development facilities, and support of the business incubator.
Certified Tech Park Maps

Community Revitalization Enhancement District (CRED)

Community Revitalization Enhancement Districts allow the City of Bloomington to capture increased sales and income tax dollars generated by new business investment within the area and to use the funds for economic development purposes within the District. By using these incremental revenues, the City undertakes projects such as the creation of new infrastructure and beautification of the area. The City of Bloomington's Industrial Development Advisory Commission administers programs in two of these districts, one in the dowtown area and the other in an industrial area south of the downtown.
CRED District Maps

Tax Increment Financing (TIF)

Tax Increment Financing allows local governments to finance the redevelopment of blighted areas and the economic development of rapidly developing areas. Tax increment is the property tax revenues collected on the increased assessed valuation of property in the area to be redeveloped or developed. Tax increment financing not only permits the acquisition of property for purposes of redevelopment or economic development, but also provides another means for communities to finance infrastructure improvements in a blighted area or an economic development area. TIFs are a useful local means of financing public investment intended to stimulate private sector investment and job creation, principally through infrastructure improvements.

Bloomington currently has six TIF areas: Adam's Crossing, Tapp Road, Thomson/Walnut/Winslow, Downtown, N. Kinser Pike/Prow Road and Whitehall/West Third.
TIF Maps