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information from Transforming Downtown

Economic Enhancement District (EED)

  • Enabled in HB 1001 – State Budget 
  • Governed by Board of 8 Appointees - 4 State (2 from Governor, 1 from Speaker of House, 1 from Senate Pro-Temp.); Majority must be property owners within the district
  • Must be enacted by City-County Council via ordinance
  • Assessment on all taxable real property
  • Council dictates district boundaries and rates
  • Downtown Indy, Inc. administers funds, does not dictate projects
  • 10-year term (renewable by IGA and CCC)

  • Annual budget and report of activities submitted to City County Council

EED Overview

Check out the lastest overview of the Economic Enhancement District. 

EED Discussion with Indy Chamber

Check out the latest discussion with Taylor Hughes of Indy Chamber.

Passcode: %jWr?E4h

The initial proposal will likely be $5.5M, with a commercial rate of 0.1681% of your Assessed Value or AV and a non-commercial residential flat fee of $250.

Economic Enhancement District

Permitted uses of EED funds:

  • Security (including public safety technology)
  • Safety ambassadors
  • Cleaning, litter and graffiti removal; power washing
  • Outreach of homeless
  • Operations for a low barrier shelter for homeless
  • Landscaping and beautification
  • Public events
  • Business attraction and development
  • Planning for improvement activities


  • Q4 2023 - Passage of EED at Indianapolis City County Council
  • Q1&2 2024 - Appointment of Board Members
  • Q3 2024 - Expiration of ARPA funding for downtown Indianapolis programming
  • Q2 2025 - Supplemental assessment fee added to 2024 property taxes

Rethink 65/70 Coalition

Indiana Bills We're Tracking

Indiana legislators are out of session.  Check back in January 2024!

2023 National Bills We're Tracking

National Bills

H.R.1491 Update (9.19.23)

Congress is coming back to Washington this week after lawmakers were home for a month-long summer recess. The Advocacy team was up on Capitol Hill meeting with House and Senate staffers about the issues important to the commercial real estate industry. This week H.R.1491 picked up yet another new cosponsor in Rep. Angie Craig (D-MN). The Small Business Energy Loan Enhancement Act would expand the maximum allowable amount businesses may borrow through the U.S. Small Business Administration 504 loan program for energy efficient investments and upgrades. The 504/CDC program provides small businesses with long term, fixed rate, low-cost loans that can be used to finance renovation and retrofit projects, as well as the purchase of major fixed assets, such as land, equipment and machinery. Among the small businesses that will benefit from this legislation are commercial properties seeking to increase operational efficiency through capital-intensive investments, particularly older building stock. As this top priority now moves through the legislative and committee process, the support and help from BOMA membership is critical. We are asking that you take action through this Capitol Canary campaign link and amplify the messaging of BOMA International on social media If you have questions or would like additional information, please contact Sam Lopez, Director of Federal Affairs, at slopez@BOMA.org.


BOMA Indiana serves all counties in the state.  In considering it positions, BOMA Indiana is aware that not all of its members may necessarily hold the same opinion on specific legislation.  Likewise, BOMA Indiana recognizes that while a proposed bill may on its surface appear to be something that BOMA Indiana  should take a position based on our policy, there is often more to the legislation than can be garnered on first read.  Therefore, BOMA Indiana commits itself to the meticulous study of all proposed legislation, and to seek the advice of the Legislative Committee and hired lobbyist before declaring its position.  BOMA Indiana promotes the practice of commercial real estate ownership and management.  For this reason, while we may concentrate our efforts on legislation proposed by the Indiana General Assembly, we also consider the needs of our members at the local level.  


BOMA Indianapolis supports legislation that meets the following criteria:

  • Any legislation that supports the mission and vision of BOMA Indianapolis
  • State legislation that promotes economic and workforce development
  • State legislation that promotes the funding and enhancing of Indiana’s transportation network and infrastructure, including (but not limited to) highways, rail, air, and waterways
  • Energy-Efficient Commercial Buildings Tax Incentives
  • Local Laws that mirror those supported by BOMA International


BOMA Indianapolis opposes legislation that meets the following criteria:

  • Legislation that increases the property tax burden on property zoned or designated for commercial, industrial, or medical use; property from which the owner derives income; and on businesses in general
  • Legislation (state or local) that increases the regulatory burden on businesses or on commercial, industrial, or medical office property
  • Local zoning or development ordinances that discourage the development of property for commercial, industrial or medical office purposes, if said purposes are the highest and best use of the property
  • Legislation that encourages retro active tax policies
  • Legislation that allows for taxes on services
  • Local Laws that mirror those opposed by BOMA International


  • BOMA Indianapolis takes a neutral position on any legislation that does not directly or indirectly affect commercial real estate.


We welcome all donations to help us lobby against legislature harmful to BOMA members.

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BOMA Indiana

101 West Ohio Street

20th Floor

Indianapolis, IN 46204

Call:  (317) 632-4104



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