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Commissioners approve resolution for CIMTRA US LLC tax abatement as company outlines expansion at former GE site
Summary
The board approved Resolution 2025-36 for a tax abatement statement of benefits for CIMTRA US LLC; company representatives described plans to rehabilitate the former GE building, add production lines and create jobs over the next decade.
The Monroe County Board of Commissioners voted Aug. 28 to approve Resolution 2025-36, a statement of benefits for CIMTRA US LLC tied to a property in an existing TIF (tax increment financing) district at the former GE plant.
The resolution passed unanimously, 2-0, after staff clarified a typographical error on the cover sheet and explained the project’s prior economic-revitalization-area designation. County staff said the site was declared an economic revitalization area beginning Jan. 1, 2018, for 15 years; because the property is in a TIF district, the board’s approval of the tax abatement is also required.
Pat Adams, identified as general manager at the Bloomington site, told the board CIMTRA recently purchased the old GE building—referred to in project materials as “Project Park”—and plans to expand contract manufacturing for parenteral sterile injectable products. Adams said the company intends to add three production lines over the next 10 years and estimated those lines would support “well north of 300 employees” and “well north of $300,000,000 investment in the property.” He said the site’s size (about a 65-acre lot and roughly 800,000 square feet of building) allows room for future expansion.
County staff and local economic development leaders emphasized the abatement is structured to secure local investment and jobs in exchange for phased tax relief. County staff said the redevelopment commission that oversees the TIF district supports the abatement because the district was created to return the building to productive use.
Jeff Cockrell, county staff, said the abatement and accompanying agreement clearly define obligations on both sides. Jen Pearl, president of the Bloomington Economic Development Corporation, said wages proposed in the agreement are above the median household wage for the county and state.
The vote: “All those in favor of approving resolution 2025-36, signify by saying aye. Aye. Aye. Motion carries 2 0.”
The county and company representatives said next steps will include monitoring the company’s commitments under the agreement and coordination with redevelopment authorities and workforce partners. No additional county funding was announced at the meeting.
