Federal, city funding bringing new building to Bloomington tech community
The Tech Center is part of a larger vision to transform Bloomington’s Trades District into a vibrant hub for technology and innovation.
A groundbreaking ceremony was held earlier this month for the Trades District Tech Center, a 22,000 square-foot, sustainably designed building that will provide Class A office space for the growing tech sector in Bloomington, IN.
Funded by a $3.5 million grant from the U.S. Economic Development Administration and $9.3 million in matching funds from the City of Bloomington, the Tech Center is part of a larger vision to transform Bloomington’s Trades District into a vibrant hub for technology and innovation. The project is expected to create 866 new private sector jobs and generate $218 million in economic activity for the community over a ten-year period.
The District, a former industrial area in Bloomington that is being transformed by public and private investment, is home to a growing number of tech companies, start-ups, and co-working spaces. The Mill, a 501(c)(3) nonprofit, is leading the development.
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