New York City is home to the most comprehensive network of Business Improvement Districts (BIDs) in the country. For more than 30 years, BIDs have been valuable and proven partners in ongoing initiatives of neighborhood revitalization and economic development across the five boroughs. BIDs have proven themselves catalytic in the process of transforming commercial corridors and driving economic change in all five boroughs.
A Business Improvement District (BID) is a public/private partnership in which property and business owners elect to make a collective contribution to the maintenance, development, and promotion of their commercial district.
BIDs have helped revitalize neighborhoods and catalyze economic development throughout New York City. BIDs deliver supplemental services such as:
- Sanitation and Maintenance
- Public Safety and Hospitality
- Marketing and Promotions
- Capital Improvements
- District Representation
- Business Development
All services are funded by a special assessment paid by property owners within the district. The City's BIDs invest over $120 million annually in programs and services for neighborhoods across the five boroughs.
Each year, the Department of Small Business Services compiles a report on the revenues, expenses and impacts of NYC’s Business Improvement Districts. This information is collected to monitor and communicate the impacts of BIDs across the City, as well as share the information with the BID community to better inform their decision making. The data summarized in the report linked below is drawn from the Fiscal Year 2014 Annual Report, provided by each BID to SBS.
Download the 17 page executive summary: FY14 Annual Trends Report Executive Summary
Download the full 124 page report: FY14 Annual Trends Report
Establishing a new BID is a community-driven effort that involves the hard work of property owners, businesses, public officials, and other local stakeholders. The Neighborhood Development Division at SBS is here to assist these efforts in every way possible. Whether you’re simply looking for more information on BIDs, or ready to begin the BID formation process, the NDD team is willing and able to:
- Meet with you personally to introduce our set of services;
- Walk your district and meet local stakeholders;
- Supply you with easy to understand collateral on how to form a BID;
- Provide you with estimates of what your district’s BID assessment may be;
- Guide you through the BID formation process and the BID start-up process after your BID has been signed into law.
After forming a BID, it is important to make sure the organization is effective. Improving neighborhoods requires coordination and oversight by BID managers and staff, as well as continued communication with SBS and other City agencies. NDD staff members sit on the Board of Directors for each and every BID in the city, and serve as the BID’s primary point of contact with City Government. We work one-on-one with BIDs to:
- Develop and implement programs and services that enhance their districts
- Share best practices on BID management and operations
- Provide oversight of the BID’s governance and financial/procurement procedures to ensure compliance with non-profit and BID legislation
- Coordinate with other City agencies on BID-related projects and issues
- Connect BIDs with other resources and organizations to help them best achieve results for the commercial districts they serve.
A new BID Management Guide for Executive Directors and Board Members is coming soon, and will be posted on this website.
BIDs are doing innovative and vital work across the five boroughs. To see where they are and to learn more about them, see our BID Directory.
For additional tools and resources to help start or run a BID, please visit the Neighborhood Development Resource Library.
Please direct any questions about Business Improvement Districts to NDevelop@sbs.nyc.gov