Skip to main content
City Hall is open to the public in a limited way. There is a staff member in the Department of Economic and Sustainable Development Monday thru Friday from 8:00 AM till 5 PM. You are welcome to come in and meet with an ESD staff member in City Hall's atrium. 


Please contact us at 812-349-3418 or economicvitality@bloomington.in.gov.
We will reply as soon as possible.


Local government must take the lead in envisioning and creating a thriving community, identified by the health of its environment, the vitality of its economy and the equity among its citizens. Creating such a community requires cooperative participation from both the public and private sectors. This section describes the City's approach to business and sustainability, and the resulting economic development initiatives and business incentives.

 

Rapid Response Fund

 

As of April 9, the City of Bloomington is accepting applications for financial support through its Rapid Response Fund (RRF) for Bloomington businesses, nonprofits, and cultural organizations that have been negatively impacted by the COVID-19 pandemic. 

 

This funding source and additional resources (please see below) were developed by the City’s Economic Stabilization & Recovery (ES&R) working group, convened at the directive of Mayor John Hamilton March 23 to oversee the City’s response to the economic effects of the pandemic.  The Rapid Response Fund application portal may be found at the bottom of this page (bloomington.in.gov/business) by clicking the green application button.  Bloomington-based businesses, nonprofits, and cultural organizations may apply for Rapid Response Fund low-interest loans.

 

To qualify for the RRF loan program, a business must:

  • Be a Bloomington-based business (physical address in the city limits) or a nonprofit that
    resides in or serves Bloomington.
  • Have at least one (1) full-time equivalent employee (FTE), including sole proprietors, and no
    more than 250 FTE
  • Demonstrate material negative impact due to COVID-19 in revenue or
    ability to maintain employees/payroll
  • Must have been open prior to February 29, 2020

 

The City's RRF loan terms are as follows:

  • Up to $50,000 per loan
  • 2% interest rate
  • 36 month term
  • Up to 6 month first payment deferral
  • If paid back within 12 months, interest free

 

The following options are available for more information about the loan program:

  • Applicants may send questions to the City’s Economic and Sustainable Development department at economicvitality@bloomington.in.gov.
  • To preview the application, click here
  • To watch an April 24th Zoom meeting addressing questions about the local RRF program and also SBA programs, see here
  • For ongoing updates regarding the RRF program applicants see here.  And to review a list of RRF loan awards (updated weekly on Wednesdays), see here

 

This funding aims to fill gaps in immediate working capital for small businesses and cultural organizations as they wait to receive Small Business Administration (SBA) loans and other disaster relief funding made available by the federal government or until they can resume more normal operations. Using $2 million of the City’s share of Food and Beverage Tax funds that the Bloomington Common Council approved for expenditure April 7, plus $500,000 of additional support approved by the Bloomington Urban Enterprise Association on April 8, the City is providing these immediate loans of up to $50,000 each to sustain area businesses in the short term and foster the regional economy.  Nonprofit applicants may be eligible for loan forgiveness based on available funds. 

 

“Bloomington is standing up in a crisis to help businesses, nonprofits, and cultural groups that define and sustain our community -- they and their employees need our immediate help.  I want to thank the working group and all the partners who have worked tirelessly over the past 18 days to make this possible,” said Mayor John Hamilton. “Thanks to the City Council and the BUEA, and our whole community, we can encourage all of our local treasures to explore this new, rapid funding option.” 

 

Local employers and individuals are also encouraged to access the following support mechanisms, which were developed by the ES&R working group and partners in response to the needs in the community:  

 

Centralized information resources: 

  • MonroeCountyCOVID-19.org provides a library of resources available to employers and community members, ranging from community business updates, to HR and legal resources, nonprofit help, ways to give back, and beyond. This community effort is hosted by the Greater Bloomington Chamber of Commerce. 

 

Technical assistance:

  • The Bloomington Navigation Center provides small business owners and entrepreneurs information on how to navigate available resources.  Hosted by The Mill. https://www.askthemill.org/
  • The Indiana Small Business Development Center provides technical assistance for employers on Small Business Administration loans and other small business sustainability needs. https://isbdc.org/ 

 

Ways to support businesses and nonprofits:

 

About the Economic Stabilization & Recovery Working Group: Convened by Mayor John Hamilton on March 23 to oversee the City’s response to the economic effects of the COVID-19 pandemic, the City of Bloomington Economic Stabilization & Recovery Working Group includes local community leaders representing the City’s Department of Economic and Sustainable Development, the Bloomington Economic Development Corporation, the Greater Bloomington Chamber of Commerce, Dimension Mill, Inc., and CFDI Friendly Bloomington.  The working group presented its first report of rapid response recommendations to the City Council’s Sustainable Development Committee on Tuesday, March 31. The third draft of the report, published April 6, identifies local economic impacts, business needs, resources and gaps, and establishes a mechanism for providing local government funding relief, wraparound services, and facilitating community partnerships.