FOR IMMEDIATE RELEASE
September 27, 2011
MAYOR BLOOMBERG SIGNS LEGISLATION ESTABLISHING THE ATLANTIC AVENUE AND CHINATOWN BUSINESS IMPROVEMENT DISTRICTS
Remarks by Mayor Michael R. Bloomberg at a Public Hearing on Local Laws
"The next two bills before me establish two new Business Improvement Districts. Business Improvement Districts, also known as 'BIDs,' are voluntarily formed community organizations that promote business development and improve the quality of life in neighborhoods across the City. Established by local law, BIDs are self-funded by local property owners and are overseen by the City's Department of Small Business Services.
"Introductory Number 518, sponsored at the request of the Administration by Council Members Recchia, James, Vann, Levin, Lander and Williams, establishes the Atlantic Avenue Business Improvement District in the borough of Brooklyn. Introductory Number 569, sponsored at the request of the Administration by Council Members Recchia, Cabrera, Chin, Rose, Sanders, Williams, Dilan, Koo and Gennaro, establishes the Chinatown Business Improvement District in the borough of Manhattan.
"The Atlantic Avenue Business Improvement District will serve 360 retail establishments on both sides of Atlantic Avenue from the Brooklyn Queens Expressway to Fourth Avenue. The annual operating budget for this BID is $240,000. The Chinatown Business Improvement District will serve 800 retail stores within the boundaries of Broome Street to the north, Broadway to the west, Allen Street to the east, and Worth and Madison Streets to the south. The annual operating budget for this BID is $1.3 million.
"The City currently has 64 BIDs, which provide maintenance and sanitation services, security services, marketing and promotion of local businesses, holiday lighting, economic development, beautification and landscaping. The services provided to the community are essential to ensuring that small businesses, and the neighborhoods in which they operate, are given every opportunity to succeed. Atlantic Avenue and Chinatown will bring our BID total to 66.
"I would like to thank Small Business Services Commissioner Rob Walsh and his staff for their role in establishing these BIDs. I also want to acknowledge the important contributions of the members of the Atlantic Avenue and Chinatown BID Steering Committees and the City Council."
Stu Loeser/Evelyn Erskine (212) 788-2958
Twitter YouTube Flickr
Watch the video in low or high bandwidth