Monroe County Council unanimously approves tax abatement, MOU for Centra US LLC redevelopment

Monroe County Council voted unanimously on Aug. 26 to approve Resolution 2025‑35, granting a tax abatement and authorizing a memorandum of understanding (MOU) with Centra US LLC for redevelopment and production-line expansion at the former GE site on Curry Pike.

The MOU pairs an augmented abatement schedule with specific investment and hiring benchmarks: Centra has committed to install an initial production line in the renovated facility by 2029 and to create roughly 100 jobs for that line, with an average salary target of about $70,000; additional lines and hires are tied to further abatement extensions. The council also discussed a provision in the MOU that directs a fee from the abatement to the Bloomington Economic Development Corporation (BEDC) if the BEDC remains active.

Why it matters: the project would put a large vacant facility back into use in a Monroe County tax-increment financing (TIF) district, add life-sciences manufacturing capacity locally, and is presented by company and development officials as creating high‑wage jobs and further regional economic activity.

County staff member Jeff Cockrell summarized the MOU framework to the council and described changes from prior abatements, including a…