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Page last updated on January 25, 2024 at 1:17 pm

Resident Economic Independence Scholarship - Link to the application                    

For residents who have lived in the Zone for at least 12 months. Up to $750/semester for two semesters.

  • This is a biannual grant cycle. A maximum of ten grants will be awarded in both the spring and fall.
  • The spring submission window is open from Feb 15 to March 15. The fall submission window is open from July 15 to September 1.
  • Residents who have lived in the Zone for at least 12 months may apply for a scholarship to attend post-secondary classes to further their economic independence. Check your address here - Link to check address.
  • The scholarship can be applied to any course (college, trade school, or other special training) that advances the applicant's skills as a workforce member.
  • The BUEA will pay for two classes, including textbooks, or up to $750.00 a semester, whichever is less, up to a lifetime maximum of $1,500.00 in educational assistance.
  • Funds are limited and awarded on a first-come, first-served basis. Applications must be received at least one month before the start of the class(es) being paid for with the scholarship.    

 

The Mill Day Pass Program

For residents who live in the Zone. Up to 1-day pass per month through December 31, 2024, to work at the Mill—Bloomington's Center for Coworking and Entrepreneurship, located at 642 N. Madison St. (Just north of City Hall and across from Upland Brewing). 

Reserve your work area here - link to the calendar!

 

Employee Income Tax Deduction (IC 6-3-2-8)

An income tax deduction is available for qualified employees of an enterprise zone business. The qualified employee is an individual who is employed by a taxpayer or a pass-through entity and whose principal place of residence is in the enterprise zone where the employee is employed. Qualified employees include financial institution employees, an insurance company, and an international banking facility. Also included are employees of a nonprofit entity, the state, a political subdivision, or the United States government. The employee must perform services for the employer, at least 90% of which are directly related to the conduct of the taxpayer’s business in the enterprise zone. The employee must perform at least 50% of his service for the taxpayer during the taxable year in the enterprise zone.

The qualified employee is entitled to a deduction from their adjusted gross income equal to the lesser of:

  • 50% of their adjusted gross income for the taxable year that the employee earns as a qualified employee; or
  • $7,500. 

 

Qualified Employee Deduction Certificate (IT-40QEC) Form