The document provides information about the Bloomington Economic Development Corporation (BEDC) and its activities. The BEDC leads business retention, development, and attraction efforts in Bloomington and Monroe County, Indiana. It works with local partners and assists businesses. The BEDC has a president, vice president, and project staff. It oversees the Bloomington Technology Partnership and Bloomington Life Sciences Partnership to support these industries in the region. The BEDC aims to catalyze job growth and be recognized as a leading economic development organization through various initiatives.

1. Ron Walker, President
Bloomington Economic Development Corporation
Economic Development in
Bloomington
Chapel Hill-Carrboro Inter-City Visit
September 10, 2012

2. About the BEDC
● Lead Business Retention, Development and Attraction entity
● Bloomington/Monroe County
● Liaison with city, state and federal economic development
assistance programs
● Host of BLSP and BTP
● Comprised of Public & Private Partners
BEDC Staff
Full-time
● Ron Walker, President
● Marilyn Skirvin, Vice President
● Dana Palazzo, Project Manager
Part-time
● Katie Birge, Project Assistant, Bloomington Technology Partnership

3. About the BEDC
The Mission of the BEDC Vision 2017
The BEDC is the catalyst for retention, ● Monroe County is ranked as one
development and attraction of quality jobs in of the top five communities for
Monroe County. quality job growth and prosperity
among our national peers.
The BEDC fulfills its mission through the
following strategic initiatives: ● The BEDC is recognized locally
and regionally as the leading and
● Providing leadership on issues that affect most innovative economic
business growth, challenges to job creation development organization.
and the long-term competitiveness of our
economy. ● The BEDC is positioned for
continued success
● Facilitating retention and expansion of ○ Financially Strong
primary employers and key industries. ○ Partnerships with IU and Ivy
Tech-Bloomington
○ Growing membership base
● Driving development and attraction of
targeted businesses to our greater
community.

4. About the BEDC
Organizational Structure Responsibilities
Sponsor Members: 50 Guided by Mission & Vision
General Members: 25 Focus on Jobs (not real estate)
Special Members: 4
Focus: existing business needs,
Executive Committee Officers: 7 opportunities to build on strengths
Executive Committee Ex-Officio: 4
Funding: over 75% from private
Initiatives: Separate Advisory Boards sector
Annual Budget: Approved by Board Public Advocacy Positions: rarely
(quarterly financial reports)
Regional Participation: depends
New Members: Approved by Board on issue and structure
Legal Structure: 501c6 How do we work with Partners?
Communication & Promotion

5. Why Economic Development?
● Economic growth is about building a foundation for the future of society
● You need a healthy economy to have a healthy community
● Economic growth refers to an increase in income
● Economic development is about more than income - it is about structural
changes in the economy
4-Goals
● Creating new wealth
● Strengthening the tax base
● Serving the long-term vision of the community
● Increasing opportunity for good jobs
It is about people!

6. Bloomington Technology Partnership
Before new BTP After new BTP
portal portal
217 Visits to 422 Visits to
Webpage Webpage
365 Page Views 2021 Page Views
59 Average 5:18 Average
Seconds Spent Minutes Spent
On Site On Site

7. Bloomington Life Sciences
Partnership
“A Community of Discovery
and Innovation”
● #1 small metro in the U.S. for Medical
Devices and Equipment
●#3 in pharmaceutical employment for small metros in the
U.S.
●Employment in the life sciences industry is six times the
national average

8. Bloomington Life Sciences
Partnership
The Future of Life Sciences in Bloomington
Area Employment Survey Results
18 TOTAL RESPONDENTS
Total Expected New Hires
● Total Expected Full Time Hires: 730
● Total Expected Part Time Hires: 136
● Total Expected Contract/Temp Hires: 153
● Total Expected Hires: 1019
Capital Investments
• 50% of Bloomington operations plan
to expand or invest capital through
2013

9. Why Bloomington & Why Sub-Brands
Bloomington is recognized
Sub-brands have distinct audiences & might
have unique needs
Broader market reach
Access new audiences
Political buy-in
Sub-brands show community effort and
awareness of a great strength and
identification of needs

10. Some Primary Activities
Develop/Determine who will support economic
development and build an organization with their support
Develop a results oriented retention & expansion plan
(BAT)
Identify greatest economic development needs and
strengths
Get the data and tell the story (events, materials, news)
Feature economic impact stories on businesses
Push news out through multiple channels
Tell the story about the importance of private sector jobs

11. Ron Walker, President
Bloomington Economic Development Corporation
Thank You