Tax abatements within the city added 1,119 new jobs and more than $69 million in salaries in 2019, the Bloomington City Council learned Wednesday night.

Jane Kupersmith, assistant director of small business development for the city's Economic and Sustainable Development Department, gave the city council a presentation on tax abatements and other department activities.

The 1,119 new jobs dwarfed the 336 proposed new jobs that were expected out of last year’s abatements, Kupersmith said, namely due to growth at Catalent.

Actual investment of tax abatements has fallen short of the proposed new investment by nearly $70 million so far, with drops in commercial real estate and commercial personal properties and higher actual investments in mixed use and residential properties. Kupersmith said that these numbers are lower because of the phases in how an abatement is assessed, and does not mean a property is not in compliance with the abatement rules.

New abatements are being proposed for affordable housing developments on North Crescent Road for 102 units for people making 60% below the area medium income. Five employees will be hired, with a new investment of nearly $24.5 million.
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