What is a BID?
Self-Funded
Locally Driven
Supplemental
Businesses within a BID agree to a special assessment, not a tax, on top of their regular taxes. This money is pooled together and used solely for projects within the district’s boundaries.
BIDs are managed by a board that is typically made up of local business owners, property owners, and sometimes residents. This ensures that the funds are used in a way that directly addresses the needs of the area.
BIDs do not replace city services; they enhance them. They often focus on areas where the city may have limited resources or where businesses feel additional attention is needed.
What BIDs do?
Enhanced Security
Private security patrols, improved lighting, and coordination with local law enforcement to ensure a safer corridor.
Capital Improvements
Streetscape improvements, public art installations, and façade renovations to enhance the corridor's aesthetic.
Cleanliness & Maintenance
Sidewalk cleaning, graffiti removal, landscaping, and trash collection to maintain a pristine business environment.
Advocacy
Representing the interests of businesses in the district to local government and other stakeholders.
Marketing & Promotion
Branding campaigns, events, and initiatives designed to attract customers and boost the district's visibility.
Benefits of BIDs
Improved Business Environment
BIDs create a more attractive and welcoming environment for businesses, customers, and residents, fostering a vibrant commercial corridor.
Increased Property Values
By improving the overall appearance and functionality of the district, BIDs can help boost property values and local investment.
Stronger Sense of Community
BIDs foster collaboration and communication among businesses, leading to a stronger sense of community and shared civic pride.
Economic Development
BIDs can attract new businesses and investment to the district, contributing to long-term economic growth and stability.