Bloomington-Normal Economic Development Council

The goal of federally designated "opportunity zones" is to spur on capital investment by helping developers secure the funds needed to take on large projects and allowing investors to receive tax benefits for the money they invest.

Two key tax provisions have been expanded in 2026 to help employees access and afford childcare, which creates opportunities to help McLean County's childcare crisis.

The new head of the Bloomington-Normal Economic Development Council is addressing past concerns and critiques of the organization as he lays out his vision for the future.

The new permanent CEO of the Bloomington-Normal Economic Development Council [BNEDC] is Tyler Cravens. Cravens has been the interim president and CEO since March when previous CEO Patrick Hoban left for another position.

The City of Bloomington believes childcare accessibility and affordability are “critical” issues for the community, said Tyus. “It's just as important as finding quality employees,” he said.

The Normal Town Council has adopted a new strategic plan for the next three years. Mayor Chris Koos talks about some of the details.

Bloomington Mayor Dan Brady said the summer is marking progress on more than $315 million in public and private investment projects.

The City of Bloomington will continue making annual funding contributions to the Bloomington-Normal Economic Development Council, but with a series of conditions attached.

The Bloomington-Normal Economic Development Council has named an interim chief executive officer. Tyler Cravens will hold the position while the council conducts a national search for someone to succeed Patrick Hoban.

The Normal Town Council approved a new operating and capital investment budget for the 2026-27 fiscal year. The $233.5 million budget represents a 10% increase over last year.