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Incentives:

The State of Indiana provides incentives to businesses to operate in Bloomington's Urban Enterprise Zone. Businesses located in the Enterprise Zone may be eligible for two state tax benefits. These include a credit for employing zone residents and a deduction for investments in property.

Employment Expense Credit

Enterprise Zone Investment Deduction and All Applicable Tax Forms

Programs:

With financing from zone participation fees, the BUEA makes technical assistance and seed financing available to businesses in the Urban Enterprise Zone. The BUEA partners with the South Central Small Business Development Center and SEED Corp. to offer four programs:

Entrepreneurial Support and Technical Assistance

Facility Rehabilitation Loans

Historic Facade Preservation Grants

Business Scholarship Program