Forbes said it best when it ranked Bloomington the #3 Best Small Place for Business and Careers.

With the City of Bloomington at the helm, our community has become a leader in the tech and life science industries. Companies such as Envisage Technologies, Corp., and Cook Pharmica have understood the vast talent pool graduating from Bloomington's world-renowned higher education institutions and have invested heavily in the community. 

Building true collaborative partnerships with our local businesses, the City has stepped up with a variety of economic development tools to ensure the kind of responsible growth that is in line with the character of the community. Partnerships like the Bloomington Technology Partnership, InVenture, and the Bloomington Life Sciences Partnership have helped position our community as a true destination for tech and life science industry businesses.

Bloomington is serious about attracting and retaining the right kinds of businesses and the right kind of talent. Here are some resources that the City can use to help your business grow:

• Economic development districts, which are geographically based and provide incentives ranging from grants for façade renovation to tax increment financing reinvestment.
• The Business Investment Incentive Fund, a revolving loan fund created by the City of Bloomington to provide low-interest loans to eligible businesses committed to improving the economic strength of our community.
• Property Tax Abatements, which allow property owners to phase in payment of property taxes over a designated period.
• Economic Development/Industrial Development Revenue Bonds, a form of financing designed to create jobs, increase the tax base and promote economic diversification.
• Sustainable Development/Green Building Incentives, including reductions in setback requirements, waiving of filing fees or increases in residential density to encourage developers to engage in sustainable development practices.
• Enterprise Zone Incentives, which provide specific incentives — a credit for employing zone residents and a deduction for investments in property — for businesses locating or expanding in the Zone.

Everything you need to get in on the action is available online at www.bloomington.in.gov/economicvitality. Check it out to explore what opportunities await YOU!