Business Incentives
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.
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Applications are currently closed. The B-Line Business Enhancement Fund has been established by the Department of Economic and Sustainable Development in conjunction with the Bloomington Urban Enterprise Association (BUEA). This grant is available to for-profit and nonprofit businesses adjacent to the B-Line Trail to offer an opportunity for further business development. Requests are limited to $4,000.00.
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Artist Renderings of Phase II of the B-Line Trail 1 (PDF 1.50 MB)
- Artist Renderings 3 (PDF 1.92 MB)
- Bloomington Entertainment and Arts District (BEAD) Incentives Learn More
- Bloomington Urban Enterprise Zone Incentives
The mission of the Bloomington Urban Enterprise Association (BUEA) is to provide the means to improve the economic, physical and social environment for Zone residents and businesses.
The following incentives are available to eligible businesses or residents located within the boundaries of the Enterprise Zone: - Employment Expense Credit
- Enterprise Zone Investment Deduction
- Entrepreneurial Support and Technical Assistance
- Historic Facade Preservation Grants Facility Rehabilitation Loan
Individuals or businesses investing in Zone Businesses may be eligible to receive the following:
- Loan Interest Credit
- Investment Cost Credit
In addition, employees who live and work in the Zone may be eligible for the following: Employee Tax Deduction
- Zone Resident Economic
- Independence Scholarship
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Sustainable Development Incentives
The City of Bloomington recognizes sustainability as a key component of nurturing Bloomington's long-term environmental, economic and social integrity. Property developers who engage in sustainable development practices (substantial energy efficiency measures, commitment to affordable housing, the facilitation of the use of alternative transportation, and contributions of the project to natural landscape, e.g.,) may obtain development standard bonuses to enhance the value of their development project. Such developers may enjoy reductions in setback requirements and increases in residential density allowed for a project. In addition, certain filing and permit fees may be waived.
Learn More - Tax Abatement The City of Bloomington recognizes tax abatement as a potentially useful economic development tool. Applications for tax abatement are considered on their merits on a case-by-case basis.
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