Starting Business Improvement District (BID)
Operations
Once a BID has been signed into law, the work of getting the organization up and
running begins.
To assist those groups who have successfully completed the BID formation
process, this section of the Services for Neighborhood Organizations
website provides valuable information on the steps new BIDs must take in order
to start providing services in their districts.
In this section, you can access information and templates that will help
you:
-
Apply for non-profit corporation status
-
Elect an interim Board of Directors
-
Develop by-laws and management procedures for your organization
-
Issue Requests for Proposals (RFPs) for services
-
Hire staff to run your organization
-
Establish a committee structure that supports your organization's
work
All newly-formed BIDs should immediately begin taking steps to formalize
their organization by establishing an interim board of directors, forming
executive committees and a by-laws committee, and completing VENDEX
questionnaires. However, the order in which the rest of these steps are
completed will depend on the preference of the BID's steering committee and
sponsoring organization that helped form the BID.
Since many of the start-up activites can run concurrently, they are
not listed as steps but in order of Governance, Administration, and Program
activities.
To help new BIDs navigate this process, SBS has
developed the "Starting BID Operations" checklist.