Bloomington, Indiana (January 20, 2016) – The Bloomington Economic Development Corporation (BEDC) reported on 2015 economic development efforts to its members, community leaders, and stakeholders during its annual meeting on January 20. BEDC presented information on organizational achievements and business development projects in 2015, as well as 2016 plans, which include continuing a pre-accelerator program called B-Start, the new Southwest Central Indiana Plan and Regional Opportunity Initiatives, a new Regional Academic Health Center, as well as aggressive business development and marketing activities for the three innovation districts within the county.
Noteworthy events in 2015 include Cook Pharmica’s expansion announcement of 70 new jobs and $28 million in the addition of a new drug product line, over 500 job postings on the Bloomington Technology and Life Sciences Partnerships online job boards, local cybersecurity company Cigital doubling its workforce, and 118 participants who attended Bloomington Code School, a BEDC program that is free for Monroe County library card holders. The annual report also highlighted The Switchboard, a virtual front-door for entrepreneurs to plug in to the local ecosystem with over 170 resources listed.
Indiana University President Michael A. McRobbie delivered the keynote address on “Planning for Excellence in Indiana University’s Third Century: Strategic Initiatives and Opportunities for IU and Bloomington.”
“For nearly 200 years, IU has played a critical role in the education and well-being of the state of Indiana and its residents,” McRobbie said. “As we look ahead to our bicentennial in 2020, the university has launched an ambitious set of initiatives focused on student success and the value of an IU education; research and scholarly excellence and the university’s role as an economic powerhouse in Indiana.”
McRobbie told the audience of over 220 business and community leaders that “Central to that work are the university’s strong partnerships with the city of Bloomington and organizations such as BEDC, which has consistently offered steadfast support for IU’s mission and created a welcoming climate for success for which we are deeply appreciative.”
“The innovation and creativity exemplified at Indiana University under President McRobbie – such as the new Schools of Engineering and Global & International Studies, along with new global partnerships – is a model for the strategies we must use to position our regional economy for success,” said Lynn Coyne, President of the BEDC.
To view the Annual Report, click here.
The Bloomington Economic Development Corporation (BEDC) is a not-for-profit, public-private partnership dedicated to the retention, development, and attraction of quality jobs in Monroe County. The BEDC is led by a partnership of private industry leaders, the City of Bloomington, Monroe County, Indiana University, and Ivy Tech Community College-Bloomington. For more information, visit www.comparebloomington.us.
Lynn Coyne, President, BEDC