Bloomington
The Bloomington, Indiana, Metropolitan Statistical Area consists of two counties (Monroe and Owen) in south-central Indiana.* The city of Bloomington in Monroe County is the home of the flagship campus of Indiana University, and is the area's principal municipality and its anchor.
* MSAs are defined by the U.S. Office of Management and Budget.Quick Stats
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The Bloomington Futurecast Event
Thank you for attending!
Thursday, Nov. 9, 2023
Lunch served at 11:15 am.
Monroe Convention Center
302 S College Ave,
Bloomington, IN 47403
Featured Speakers at the Bloomington Futurecast Event
This event is co-hosted by the Bloomington Rotary Club, the Greater Bloomington Chamber of Commerce, the IBRC and the Kelley School of Business.
What did we say last year about the Bloomington region?
Published December 16, 2022
Overall, we anticipate a mild retraction of the economy in Bloomington through the next year, essentially slowing growth in jobs, wages and productivity. Looking at jobs, we forecast up to 78,000 jobs by the end of 2024 in the metro area. This is in stark contrast to the lows of the pandemic at the beginning of 2021.
Productivity, as measured by the Bloomington metropolitan area gross product (GDP), has grown from $5.7 billion back in the early days of the Great Recession of 2010 to $6.68 billion by 2021. Over the worst year of the pandemic (2020), Bloomington saw impressive growth of 3.8%. We forecast marginal growth for 2023, with some acceleration in 2024. Overall, our forecast is overcast by the combination of continued Federal Reserve Bank interest rate hikes and stubborn inflation, which continues to dampen consumption and increase supply costs.
For a region with a strong goods-producing sector, coupled with a well-educated workforce and strong income growth, the recession, if and when it comes to Bloomington, may well be stunted in its effects.
Read the full Bloomington article »
Each year in December, the Indiana Business Research Center publishes a special Outlook edition of the Indiana Business Review.
Published continuously since 1926, the Indiana Business Review is a quarterly publication that provides analysis and insight on economic and demographic issues.