The Bloomington Port Authority was created to deliver orderly real estate redevelopment and economic development throughout the City. The Port Authority's efforts currently are concentrated in the South Loop District, which is the area of Bloomington east of TH 77 and includes the Mall of America.
Economic development assistance
The City of Bloomington Port Authority can provide economic development assistance to companies looking to expand or locate in Bloomington. A number of resources are available from the Port Authority. The Port also collaborates with the following partners:
The Department of Unemployment and Economic Development (DEED) facilitates an economic environment to produce jobs and improve the quality of the state's workforce. The following link provides information on resources for Minnesota businesses: Department of Employment and Economic Development
The GreaterMSP Partnership is committed to stimulating economic growth and prosperity in the Minnesota's 13-county Minneapolis Saint Paul metro area. As a public-private partnership funded by charitable donations, its vision is to be a value-added resource to all economic development organizations in the Greater MSP region. Its goal: a brighter future for all Twin Cities residents and businesses.
Greater MSP's website includes a site selection tool (at the top of their homepage) that allows businesses to obtain property information from the Minnesota Commercial Association of Realtors (MnCAR) database in their site selection process. It allows user to analyze and create site specific reports on properties. The site also includes information for the 11-county Minneapolis-St. Paul metropolitan area on the economy, major industries and employers, and business development resources.
The Metropolitan Council is the regional policy-making body, planning agency, and provider of essential services for the Twin Cities metropolitan region. Their mission is to foster efficient and economic growth for a prosperous region. More information is available on the Met Council website.
The county provides assistance to businesses and municipalities through a variety of programs designed to assist businesses, promote economic development, create and retain jobs, and cultivate entrepreneurs. Please view the Hennepin County website for more information.
The Port partners with Hennepin County to offer the Open to Business program to small businesses located in Bloomington or Bloomington residents seeking assistance to start a business.
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. More specific information on Minnesota Foreign Trade Zones can be found on the website.