Description: The Mile Square Economic Enhancement District (EED) serves to create a healthy and vibrant community in downtown Indianapolis and is key to growing its businesses, attracting workers, residents, visitors, and further investment in Central Indiana.
A cared-for, vibrant downtown is key to growing our businesses, attracting workers, residents, and visitors, as well as encouraging further investment in our capital city and central Indiana region. An Economic Enhancement District (EED) will provide a sustainable funding source and an unprecedented level of targeted investment in the economic and cultural heart of Indiana, the Mile Square district of downtown Indianapolis.
What is an Economic Enhancement District (EED)? An Economic Enhancement District (EED) is a funding tool to provide an increased level of service to address specific challenges and opportunities facing a central business district. It gives property owners a mechanism to decide how they want to invest in their downtown. EEDs are very common across the country; in fact, Indy's Mile Square was the largest central business district in the nation without such a tool - until now.
EED investments in the Mile Square will help encourage more workers to return downtown, build on the momentum we're seeing in residential and development growth, and ensure Indianapolis and the region are world-class destinations for residents and visitors alike.