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Business

This section offers coverage of the big economy, personal economy, big business, small business, and everything in between.

Bloomington moves to reduce private use of Showers West, 2 tenants agree to leave

Bloomington moves to reduce private use of Showers West, 2 tenants agree to leave

Bloomington’s redevelopment commission approved the key terms of lease termination agreements with Merrill Lynch and Bloomington Health Foundation, which are two tenants of Showers West. That’s the western part of the former Showers Brothers furniture factory building that also houses city hall.

Simtra gets initial OK for dual ‘augmented’ tax breaks at Bloomington manufacturing locations, contingent on creation of jobs

Simtra gets initial OK for dual ‘augmented’ tax breaks at Bloomington manufacturing locations, contingent on creation of jobs

Simtra BioPharma has been given initial approval of tax abatements for two manufacturing locations where it is making investments totaling close to a half billion dollars. At its regular meeting on Tuesday, Monroe County’s council gave its approval. The county commissioners will vote on Thursday.

CIB briefed on branding, public art, hotel plans for Bloomington convention center expansion

At its regular meeting on Wednesday (Aug. 20) Monroe County’s capital improvement board, which is overseeing the expansion of the Bloomington convention center, received updates on: branding and logo development; plans for public art in the new facility; and progress on the associated hotel project

At talk with Bloomington developers, Lt. Gov. Micah Beckwith pushes for overhauling property taxes—or abolishing them

At talk with Bloomington developers, Lt. Gov. Micah Beckwith pushes for overhauling property taxes—or abolishing them

Indiana Lt. Gov. Micah Beckwith said homes should be taxed based on purchase price, instead of assessed value, at a talk on Thursday. The talk was hosted by the Building Association of South Central Indiana, the Greater Bloomington Chamber of Commerce, and the Indiana Uplands Realtor Association.

Monroe County sets special meeting to vote on Simtra Biopharma tax break for former GE site redevelopment

Monroe County sets special meeting to vote on Simtra Biopharma tax break for former GE site redevelopment

A special meeting of the Monroe County council has been called for 4 p.m. on Aug. 26 to discuss the possible approval of a tax abatement for Simtra Biopharma, which announced in late July that it had purchased the former GE site on Bloomington’s west side from Cook Group.

Bloomington alleges contract breach by Crawford Apartments, seeks $685K; Beacon among defendants

Bloomington alleges contract breach by Crawford Apartments, seeks $685K; Beacon among defendants

A deadline set by Bloomington for Crawford Apartments to come into compliance with rental inspection code has not been met, according to the city. Named in a breach of contract lawsuit filed on Wednesday is Beacon, Inc. a local nonprofit that provides supportive services at Crawford.

Convention center construction bids OK’d under budget, but sewer standoff simmers with City of Bloomington Utilities

Convention center construction bids OK’d under budget, but sewer standoff simmers with City of Bloomington Utilities

Monroe County’s CIB got good news about the final round of bids for the convention center expansion. The total for construction contracts landed under the $52-million budget. But Wednesday’s good news was tempered by a report about the status of sewer line negotiations between the CIB and CBU.