Bloomington gets final OK from feds for $3.5 million grant towards technology center

In a news release issued Friday afternoon, the city of Bloomington announced that it had received a $3.5-million award from the federal Economic Development Administration (EDA) to help build a technology center in the Trades District.

The location is north of Bloomington’s city hall building in the Trades District, which is a certified technology park.

News about the EDA grant lends a bit of momentum for the Trades District area generally. That’s because the future technology center location is northwest of the Showers administration building. And a deal is now in the works for Bloomington’s redevelopment commission (RDC) to sell the administration building to a company called Fine Tune, so that its corporate headquarters can be located there.

The planned location of the technology center is on the southwest corner of Madison Street and Maker Way, diagonally across from The Mill, which is a co-working space. One of the former Showers Brother Furniture buildings was adapted for reuse by The Mill.

The co-applicant for the EDA grant, with the city of Bloomington, was the Bloomington Economic Development Corporation (BEDC).

BEDC executive director Jen Pearl told The B Square on Friday, that the technology center building would be operated by a non-profit entity, which would coordinate programming and services for local tech companies. Continue reading “Bloomington gets final OK from feds for $3.5 million grant towards technology center”