The IEC is a pre-zoned campus, suitable for Life Sciences, Biotech, Light Manufacturing, and Office. We’ll work with you to find the best tax and incentive programs to meet your needs.
bloomington urban enterprise zone
You’re eligible for:
- Employment Expense Credit
- Entrepreneurial Financing
- Entrepreneurial Support and Technical Assistance
- Enterprise Zone Investment Deduction
community revitalization and enhancement district (CREED)
You’re eligible for:
- Tax Credits: Entitles you to a 25% credit against state tax liability for qualified investment.
- Financial Assistance: The public sector captures state and local income taxes and gross retail taxes paid within the district, and pledges these funds to assist in infrastructure, construction build-out, site development, and other incentives.
For CREED info, see Indiana Code Title 6, Article 3.1
For general development info, see Indiana Code Title 36, Article 7, Chapter 13
other advantages
You’re eligible for:
- Tax Abatement: Receive up to 10-year tax abatements for equipment and property improvements.
- Training: City, county, and state funds are available for some employee training.
- Infrastructure Improvements: Local government can provide financial support to assist with infrastructure improvements.
- Industrial Incentive Loan Program: The City of Bloomington can provide up to $100,000 in low-interest loans for a period of 5 years.
- Access to Indiana University: Home to a host of services and research programs which can benefit your business.
