About us
The Bloomington Industrial Development Advisory Commission (BIDAC) is an advisory body that oversees the City of Bloomington's two CRED districts. The Downtown CRED and Thomson CRED Districts allow the City to capture increased sales and income tax dollars generated by new investment in downtown, to use the funds for economic development purposes.
Staffed by the Office of the Mayor, the BIDAC provides guidance to the City Council for the use of Industrial Development Funds. Industrial Development Funds are special funding sources that are set aside exclusively for the acquisition and improvement of real property to further economic development. One of the major roles of the commission is to lead the community effort to revitalize the former Thomson Plant and Downtown Bloomington. Under Indiana Code 36-7-13, there are 9 commissioners that serve at the pleasure of their appointing bodies.
Statutory Authority: (I.C. 36-7-13) (BMC 2.30)