Monroe County, Indiana

Welcoming people from all walks of life.

Economic Development Commission

PURPOSE

The Economic Development Commission is established for the financing of economic development and pollution control facilities, reviews issues related to tax abatement, and to hear economic development bond applicants. 

The Economic Development Commission meets on an as-needed basis. Contact the Monroe County Legal Department for more information.

CODE

Monroe County Code 892-1,2, Indiana Code 36-7-12

Tax Increment Financing in Monroe County

Monroe County is home to one of the most successful Tax Increment Financing (TIF) districts in the United States.  Since 1995, our Westside TIF has invested over $6.1 million on infrastructure crucial to the attraction and retention of our largest private employers, with several projects currently underway.  Exciting opportunities are on the horizon of our newest TIF located at the corner of Highway 37 and Highway 46.

Tax Abatement in Monroe County

Companies locating or expanding in Monroe County may receive up to ten years of property tax benefits to substantially reduce the cost of new investments.  Companies pay no taxes on the abated investment in year one of the tax abatement.  Benefits gradually decrease over the period of the abatement until the year after the tax abatement ends, at which point the company pays full taxes. 

 

Commission Members Appointing Body
Margaret Clements County Board of Commissioners
Fred Schultz County Council
Ron Smith Bloomington City Council

In this Department

More Information

Find content and services related to this page.