The Bloomington Economic Development Corporation invited local business leaders and guests to discuss the economy and its effect on the local community. Indiana University’s athletic department was one of the many topics of debate featured at yesterday’s meeting.
Every year the Bloomington Economic Development Corporation holds an annual meeting to examine activities over the last year from an economic standpoint. President Ron Walker said it is no secret that IU, specifically its athletic department, is instrumental in improving the local economy.
Ron Walker, of Bloomington Economic Development Corporation, said: “IU is the engine for this community. There’s no doubt about it in a number of ways. And IU sports, if you look at the revenue they bring in, the facilities they construct. I don’t have the numbers handy but they are by many of us incompressible, to really understand the impact they have.”
Walker said his organization asked IU Athletic Director Fred Glass to speak at the annual event. Walker further noted that Glass has a unique working history with the Indianapolis downtown Capital Improvement Board. Glass also played a key role in getting the Colts to stay and commit to Indianapolis for 30 years. Walker thinks that Glass also adds a unique perspective on community and economic development.