Federal grant · project grant (b)
This Eda Cares Act Award to the City of Bloomington Will Help the City Build the New Trades District Technology Center, a Second-stage Commercialization Support Facility for Emerging Tech-based Businesses. Located Within an Opportunity Zone, the Center Will Be a Critical Pillar of the City's Bloomington Certified Technology Park and Its Trades District. the Eda-funded Center Will Be a Physical Office Space and Commercialization Services Hub for Second-stage and Start-up Technology Firms to Connect With Regional Entrepreneurial Resources, Such as the University of Indiana and the Naval Surface Warfare Center at Crane, Bring New Products to Market, and Create New High-quality Jobs and Private Investment in the Bloomington Region. the New Facility Will Help the City and Larger Region Recover From the Effects of the COVID-19 Pandemic by Diversifying the Region's Economy and Thus Making the Region More Resilient in the Face of Future Economic Shocks Like the Pandemic.
Committed
$3.5 Million
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