Page last updated on March 24, 2023 at 8:06 am
The City of Bloomington seeks to assist in the retention and expansion of business enterprises to enhance the economic base of the city and enhance the quality of life for its citizens. Various incentive programs are available, including those below. Contact the Department of Economic & Sustainable Development to help determine the eligibility of your business for these or other incentive programs.
Tax Abatement
Indiana law (I.C. 6-1.1-12.1) allows tax abatement for between one to 10 years on the increased assessed valuation due to construction or rehabilitation of real property.
Urban Enterprise Zone Incentives
The Bloomington Urban Enterprise Association (BUEA) works to improve the economic, physical, and social environment for Zone residents and businesses
Sustainable Development Incentives
The City's Unified Development Ordinance offers developers certain bonuses and allowances for buildings including features that help meet particular sustainability goals.
BEDC Incentives
The Bloomington Economic Development Center offers a variety of incentives & services that can help you grow your business in Bloomington.
Opportunity Zones
A Qualified Opportunity Zone is an economically distressed census tract where new investments, under certain conditions, may be eligible for preferential tax treatment. Bloomington has three Qualified Opportunity Zones.
Business Sustainability Resources
Duke Energy Rebates & Incentives
Duke Energy offers rebates and incentives for business customers to upgrade to energy-efficient equipment.
Duke Energy Energy Assessments
Duke Energy offers businesses no-cost virtual assessments to help determine ways to make energy efficient improvements to existing facilities.