The City of Bloomington resides in Monroe County. The Bloomington Metropolitan Statistical Area (Bloomington MSA) is defined by the United States Census Bureau as an area consisting of two Indiana counties—Monroe and Owen. Economic Growth Region 8 includes Brown, Daviess, Greene, Lawrence, Martin, Monroe, Orange and Owen counties.

2016 Annual Labor Market Report: Economic Growth Region 8

  Labor Force Employment Unemployment Unemployment Rate
Bloomington MSA 79,040 76,123 2,917 4.0%
Economic Region 8 151,947 146,442 5,505 3.7%
Monroe County 69,690 67,180 2,510 3.6%

Data Source: STATS Indiana (2018), Hoosiers By The Numbers (2018), Indiana Department of Workforce Development

Population Characteristics


  Yesterday (2010) Today (2016) Tomorrow (2020)
Bloomington MSA 159,536 167,762 172,698
Monroe County 137,959 146,917 151,396

Data Source: Hoosiers By The Numbers (2018), STATS Indiana (2018)

Age Distribution

  Bloomington MSA Monroe County
Under 5 7,556 6,648
5 to 17 19,803 16,498
18 to 24 40,250 38,694
25 to 44 41,243 36,709
45 to 64 35,642 29,299
65 and older 23,268 19,249

Data Source: STATS Indiana (2018), Indiana Business Research Center, U.S. Census Bureau, Hoosiers by the Numbers (2018)

Race and Ethnicity – Bloomington MSA

Race/Ethnicity Percent
White 87.7%
Asian 6.2%
Black 3.2%
Hispanic or Latino (any race) 3.2%
Two or more races 2.4%
American Indian/Alaskan Native 0.3%

Data Source: Hoosiers By The Numbers (2018)

Education Characteristics

Education Attainment

  High School + Bachelor’s Degree +

Bloomington MSA

Monroe County





Data Source: STATS Indiana (2018), STATS America (2018)

Higher Education Enrollment

Institution Enrollment
Indiana University-Bloomington 43,710
Ivy Tech Community College-Bloomington 10,000

Data Source: Indiana University-Bloomington and Ivy Tech Community College-Bloomington, US News & World Report (Fall 2019)


Employment By Industry

Industry Bloomington MSA* Monroe County
Government 24,642 23,795
Health Care and Social Assistance 10,019* 10,019
Retail Trade 8,745 7,972
Accommodation and Food Services 8,302*
Manufacturing 9,395 7,229
Other Services 18,609* 17,969
Professional, Scientific, Technical Services 4,526 4,320
Construction 4,137 3,592
Wholesale Trade 1,630*
Information 1,427* 1,427
Arts, Entertainment, and Recreation 2,368* 2,368
Transportation and Warehousing 2446 2,178

* These totals do not include county data which are not available due to BEA non-disclosure requirements.
Data Source:  STATS Indiana (2018), U.S. Bureau of Economic Analysis (2018), Hoosiers by the Numbers (2018)

Income & Wages

2018 Monroe County Per Capita Annual Personal Income = $42,212
2018 Bloomington MSA Per Capita Annual Personal Income = $41,947
2018 Monroe County Median Family Income = $48,883

Data Source: Hoosiers By The Numbers (2018), United States Census Bureau (2018), STATS Indiana (2018), U.S. Bureau of Economic Analysis, Indiana Family Social Services Administration, Indiana Department of Education

Annual Unemployment Average

  2012 2013 2014 2015 2016
Bloomington MSA 7.7% 7.2% 6.0% 5.0% 4.7%
Monroe County 7.3% 6.8% 5.7% 4.9% 4.6%

Data Source: Hoosiers By The Numbers (2016)

Building Permits Issued

  Single-Family Multi-Family
Bloomington MSA 255 162
Monroe County 207 162

Data Source: STATS Indiana (2018), Hoosiers by the Numbers (2018)

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Indianapolis International Airport

Bloomington is only 47 miles (less than a one hour drive) from the Indianapolis International Airport (Airport Code: IND), and served approximately 9.4 million passengers on 10 major airlines in 2018. Indianapolis International Airport is also one of the world’s largest cargo airports (eighth in the United States, 21st worldwide).

As of the first quarter of 2012, there were 135 daily departures to 34 nonstop destinations from Indianapolis International Airport (IND).
For more information, visit

Nonstop destinations to/from Indianapolis:

Atlanta (ATL)
Baltimore (BWI)
Boston (BOS)
Cancun (CUN) *
Charlotte (CLT)
Chicago Midway (MDW)
Chicago O’Hare (ORD)
Cleveland (CLE)
Dallas/Fort Worth (DFW)
Denver (DEN)
Detroit (DTW)
Ft. Lauderdale/Hollywood (FLL)
Ft. Myers (RSW)
Houston Intercontinental (IAH)
Kansas City (MCI)
Las Vegas (LAS)
Los Angeles (LAX)

Memphis (MEM)
Miami (MIA)
Minneapolis (MSP)
New York (JFK)
New York La Guardia (LGA)
New York/Newark (EWR)
Orlando (MCO)
Philadelphia (PHL)
Phoenix (PHX)
Raleigh/Durham (RDU)
Salt Lake City (SLC)
Sarasota (SRQ) *
Tampa (TPA)
Toronto (YYZ)
Washington Dulles (IAD)
Washington National (DCA)

For more information, visit

Monroe County Airport

Monroe County Airport (Airport Code: BMG) is a county-owned public-use airport located three miles southwest of Bloomington’s central business district. Our community’s aviation facility provides convenient access for private, corporate, and chartered commercial aircraft operations.

The airport’s 6,500 foot runway will easily accommodate your business needs, and with nearly 33,000 annual operations, local and transient businesses utilize the air traffic control services, precision instrument landing systems, automated weather services, and full service Fixed Base Operators. For more information, visit For the 2012 AAI Economic Impact Study on Indiana airports, visit here.


The Indiana Rail Road Company is a Class 2 regional freight railroad operating on a 250-mile route structure, with interchanges in Chicago, Indianapolis, Terre Haute, Oakland City and Newton, IL.

Annual car loadings approach 170,000 and include coal, petroleum products, plastics, ethanol, grain, aggregates, lumber, appliances and other mixed freight. For more information, visit

Interstate Access

Designated as one of six Corridors of the Future, I-69 will ultimately extend from Mexico to Canada– making it the primary north-south artery for the movement of goods and services in the US.

I-69 is rapidly moving through construction with Sections 1 through 5 completion. At the peak of construction in 2011, I-69 was the longest contiguous new terrain interstate construction project in the U.S., putting Indiana in an enviable position to attract new jobs in a competitive global market place.

For more information on the I-69 Evansville to Indianapolis project, visit here.

Navigable Inland Ports

Indiana ranks 6th in U.S. waterborne shipping and 13th for foreign and domestic shipping with about 70 million tons of cargo per year. More than half of Indiana’s border is water, which includes 400 miles of direct access to two major freight transportation arteries – the Great Lakes/St. Lawrence Seaway and the Inland Waterway System. The Ports of Indiana is self-funded enterprise that operates a system of three ports on the Ohio River and Lake Michigan for the state of Indiana.

Access to Indiana ports:

  • Port of Indiana-Jeffersonville: 100m
  • Port of Indiana-Mount Vernon: 168m
  • Port of Indiana-Burns Harbor: 210m

For more information, visit

Property taxes in Indiana are administered at the local level. More than 99 percent of the revenue generated by property taxes remains in the community in which they are collected.  In Bloomington and Monroe County, you’ll find some of the lowest property taxes in the United States. Locate your business here and reap the benefits of award-winning public services and a business friendly tax structure.

Property Taxes

Real and personal property tax is asessed at market value. Tax rates and exemptions vary among local jurisdictions, but are effectively capped at 3% for business property pursuant to state law.

Township Personal/Real Property
Net Rate
Bean Blossom 1.6267%
Stinesville 1.7598%
Benton 1.3141%
Bloomington 1.4872%
Bloomington, Bloomington Twp. 2.0762%
Clear Creek 1.3642%
Indian Creek 1.2535%
Perry 1.3328%
Bloomington, Perry Twp. 2.0754%
Polk 1.4173%
Richland 1.6455%
Bloomington, Richland Twp. 2.4191%
Ellettsville, Richland Twp. 2.4241%
Salt Creek 1.3602%
Van Buren 1.5064%
Bloomington, Van Buren Twp. 2.1105%
Washington 1.1996%
Ellettsville, Bean Blossom Twp. 2.4220%


Individual Income Taxes

City of Bloomington: NA
Monroe County: 1.095 percent
State of Indiana: 3.4 percent

Corporate Adjusted Gross Income Tax

Indiana’s Corporate Adjusted Gross Income Tax is calculated at a flat percentage of the company’s adjusted gross income attributable to the company’s Indiana sales. The applied Corporate Income Tax rate beginning July 1, 2012 is 8.0% and will be reduced to 6.5% by 2015 through 0.5% per year reductions.

Sales and Use Tax

Indiana’s Sales and Use Tax is calculated at a rate of 7%.

Gross Receipts and Inventory Tax

Indiana has no gross receipts tax and no inventory tax.

Get the support of private and public partnerships that work together with leaders in government, community and business to secure local, state and federal assistance to help you succeed in Bloomington.

Grow your business in Bloomington with:

To learn about incentives available for your project, please contact the BEDC.

State Assistance

Tax Credits

Economic Development for a Growing Economy (EDGE): a refundable tax credit program that rewards companies creating jobs and contributing to the growth of Indiana’s economy. EDGE credits are calculated as a percentage of payroll tax withholding for net new Indiana jobs. EDGE credits may be awarded for a period of up to 10 years. Learn more

Hoosier Business Investment Tax Credit (HBI): This program encourages capital investment in Indiana by providing a credit against a company’s Indiana tax liability. The credit amount is based on a company’s qualified capital investment with the final credit amount determined by the Indiana Economic Development Corporation, based on an analysis of the economic benefits of the proposed investment. Learn more

Headquarters Relocation Tax Credit: When a business relocates its corporate headquarters (defined as the location of the principal office of the principal executives) to Indiana, it is entitled to a credit against its state tax liability equal to half of the costs incurred in relocating the headquarters. A company must have worldwide annual revenue of at least $100 million to qualify. Learn more

Venture Capital Investment Tax Credit: The Venture Capital Investment Tax Credit was established to improve access to capital to fast-growing Indiana companies by providing individual and corporate investors an additional incentive to invest in early stage firms. Investors who provide qualified debt or equity capital to Indiana companies receive a credit against their Indiana income tax liability. Learn more

Industrial Recovery Tax Credit: The Industrial Recovery tax credit provides an incentive for companies to invest in facilities requiring significant rehabilitation or remodeling expense. After a building has been designated as an industrial recovery site, companies may be eligible for a tax credit calculated as a percentage of qualified rehabilitation expense. Learn more

R&D Tax Credit: The R&D tax credit provides a credit against state tax liability for qualified company research expenses. Learn more

Tax Exemptions

Patent Income Exemption: Certain income derived and earned from qualified patents by a taxpayer are exempt from taxation. Qualified patents include utility patents and plant patents.  Eligible taxpayers must be domiciled in Indiana and be an individual or corporation with not more than 500 employees. Learn more

R&D Sales Tax Exemption: There is a 100 percent sales tax exemption for qualified research and development equipment and property purchased. Learn more

Tax-exempt Bonds: These debt instruments, often called Private Activity Bonds, Industrial Revenue Bonds or Industrial Development Bonds, are issued by state or local governmental entities for the benefit of a private company, usually manufacturers. Interest on the bonds is generally exempt from federal income taxes for investors, which typically results in lower long-term interest rates to the borrower. Learn more

Workforce Training

Skills Enhancement Fund: The Skills Enhancement Fund (SEF) provides financial assistance to businesses committed to training their workforce. Trainees must be Indiana residents. SEF reimburses eligible training expenses over a two-year term. Companies may reapply for additional SEF funds after their initial two-year term. Companies can receive reimbursements up to $200,000 for retraining existing workers. Supplemental grant awards may be available for training new employees. Learn more

Next Level Employer Training Grant: This grant provides financial assistance to employers in any high demand business sectors and can be reimbursed up to $5,000 for each newly-trained employee, hired and retained for 6 months. Learn more

Other State Incentives

Industrial Development Grant Fund: This grant provides money to local governments for off-site infrastructure projects associated with an expansion of an existing Indiana company or the location of a new facility in Indiana. State funding through the IDGF program must be matched by a combination of local government and company financial support. Learn more

Small Business Innovation Research Initiative: The Small Business Innovation Research (SBIR) and its sister program, the Small Business Technology Transfer program (STTR), are highly competitive and encourage small businesses to explore their technological potential. SBIR/STTR funding is available from 11 participating agencies throughout the United States and focuses on various technological areas. Learn more

Capital Access Program: The Capital Access Program (CAP) is a small business credit enhancement program that creates a specific cash reserve fund for the lender to use as additional collateral for loans enrolled in the Program. CAP allows lenders to consider loans that might not meet conventional lending requirements. Learn more

Foreign Trade Zone: The FTZ program helps American companies improve their competitive position versus their counterparts abroad. The FTZ program allows U.S.-based companies to defer, reduce or even eliminate Customs duties on products admitted to the zone. Learn more

Local Assistance

City Incentives

Community Revitalization Enhancement District (CRED): This program encourages capital investment and jobs creation within a Community Revitalization Enhancement District (CRED). The CRED allows the City of Bloomington to capture increased sales and income tax dollars, generated by new investment within the CRED, to use for economic development purposes. These revenues have been used for infrastructure improvements or to reimburse capital investments made by businesses developing within the CRED. A taxpayer who makes an qualified investment within the CRED is eligible for a tax credit toward a taxpayer’s state and local income tax liability. The credit is equal to 25 percent of the qualified investment made by the taxpayer. The City of Bloomington operates two of these districts, one in the downtown area and the other in a growing employment center.

Urban Enterprise Zone: By contributing to economic growth in the area, businesses and non-profit corporations located within the Enterprise Zone are eligible for several state tax benefits. View an enterprise zone map. Tax incentives for enterprise zone businesses include:

  • Enterprise Zone Investment Deduction (EZID): The EZID is a 79 percent, 10-year deduction on the increased property taxes resulting from the increased property value within the Bloomington Urban Enterprise Zone (BUEZ) following a qualified investment.


  • Investment Cost Credit: An individual purchasing an ownership interest in a Zone business may be eligible to receive a tax credit of up to 30 percent of the purchase price.


  • Loan Interest Credit: A taxpayer may take a credit of 5 percent of the interest income received from a qualified loan made to a Zone business or resident. The loan must apply to purposes directly related to the business or increase the assessed value of real property in the Zone.

City and County Incentives

Duke Energy Economic Development Incentive: The Economic Development Incentive (also known as Rider 58) will allow a 5-year reduction on the Duke Energy electric bill – up to 30% depending on qualifying factors- for any new or additional load associated with an economic development project. Learn more

Tax Abatement: The City of Bloomington and Monroe County have elected to provide tax abatement for both new and existing companies that are creating jobs, retaining jobs and making a new investment in real and/or personal property. Under state law, local governments have the option of granting tax abatement for up to 10 years. On average, tax abatement can provide nearly 50 percent savings from property taxes over the life of the abatement.

Tax Increment Financing: Monroe County is home to some of the most successful Tax Increment Financing (TIF) districts in Indiana. The City of Bloomington and Monroe County have invested millions on infrastructure improvements to help companies grow and create jobs. Exciting opportunities are on the horizon of Monroe County’s newest TIF located at the corner of Highway 37 and Highway 46.


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Top 20 Employers

Employer Industry Employment
Indiana University – Bloomington Education 10,000
Cook Group Life Sciences – Medical Devices 4,200
Indiana University Health – Bloomington Health care 2,733
Monroe County Community School Corporation Education 2,174
Kroger Supermarkets Retail – Supermarkets 878
Catalent Biologics Life Sciences – Pharmaceuticals 835
Monroe County Government 738
City of Bloomington Government 707
Baxter BioPharma Solutions Life Sciences – Pharmaceuticals 610
Ivy Tech Community College Education 532
Crider & Crider Inc. Construction 452
Richland-Bean Blossom Community School Corporation Education 408
Stone Belt ARC Social Services 386
Walmart Retail – Supermarkets 360
Centerstone Health Care & Social Services 290
One World Enterprises Retail – Restaurants 288
Bloom Insurance Insurance Agency 250
Target Retail 230
Garden Villa Health Care – Assisted Living 218
Meadowood Retirement & Healthy Living 218