Contact Information

Contact Information

Port Authority


Development Incentives and Resources


Financial Tools

The Bloomington Port Authority has made use of the following financial tools to assist with development and redevelopment in the city. Each project is carefully considered for its application and ability to meet city priorities and goals. 

Tax Increment Financing

Tax increment financing uses the increased property taxes generated by new real estate development within a tax increment district to pay for certain eligible costs associated with the development. 

Business Subsidy

Bloomington may grant subsidy to projects that meet certain public purpose goals. 

Opportunity Housing Ordinance

Bloomington requires residential developments or redevelopments of 20 or more units to include 9% affordable units. Additional incentives are available to developers who achieve higher levels of affordability. 

Grants and Loans

Development grants and loans may be available through the partners below or other entities. Port Authority staff may be able to advise or assist with grant applications that meet city priorities. Recent grant programs that Bloomington companies have successfully applied for: 



The Minnesota Department of Employment and Economic Development (DEED) facilitates an economic environment to produce jobs and improve the quality of the state's workforce.

Greater MSP

Greater MSP is a regional economic development organization which works across Minnesota's 13-county Minneapolis Saint Paul metro area. 

Metropolitan Council

The Metropolitan Council is the regional policy-making body, planning agency, and provider of essential services for the Twin Cities metropolitan region, including public transportation. 

Hennepin County

Hennepin County offers a variety of programs designed to assist businesses, promote economic development, create and retain jobs, and cultivate entrepreneurs. 

Foreign Trade Zone

A Foreign Trade Zone (FTZ) is the U.S. version of an International Free Trade Zone. A FTZ is always located near a Port of Entry and can be used to store foreign or domestic goods, re-package materials, assemble products, manufacture or re-export goods without paying Customs duties.