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Bloomington Recieves $10,000 "Site Readiness" Grant

Duke Grant Property

The Bloomington Economic Development Corporation announced Thursday it has been awarded a $10,000 matching grant as part of Duke Energy’s Site Readiness Program.

The program gives money to undeveloped properties to help prepare and assess them before future developers come in.

BEDC President Lynn Coyne says the total $20,000 will be used to assess a 90-acre property at the intersection of Fullerton Pike and Highway 37.

“It’s going to go to upgrade the data and information on the site that would be made available to site selectors when they are searching for property to locate an employment opportunity," explains Coyne.

He says that kind of opportunity could be a factory or other similar enterprise.

Coyne says having environmental and utility information available will make the property much more attractive to future developers, adding that easy access to the future Interstate 69 factored into the site receiving this funding.

“[It’s] clearly an advantage. The off ramp from I-69 to Fullerton Pike accesses almost directly onto the site. So it would provide facilities on that site very immediate access to the interstate,” Coyne says.

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