Bloomington Mayoral candidate John Hamilton said his plans for economic development include creating more sustainable jobs and green jobs. Hamilton unveiled what he’s calling the “Greening Downtown Fund” and the “Sustainable Job Fund” during a press conference at his campaign headquarters.
“These are both financing tools that will help local organizations who are trying to grow jobs or trying to become more sustainable,” Hamilton said. “They’re both actually loan funds, and they both are funded with existing funds that are in place right now that in my view are underutilized and can be better put to work in the midst of this economic crisis.”
Those underutilized funds that Hamilton is referring to are the Bloomington Investment Incentive Fund and the Downtown Community Revitalization Enhancement District. Hamilton said using the funds to invest in local businesses would help Bloomington become a model of progressive, sustainable development in the Midwest.
Mayor Mark Kruzan said that Bloomington already is a model of progressive, sustainable development and that investing all of the money from the funds in local businesses would not be fiscally responsible.