sixth bill before me today is Introductory Number 842, sponsored at the request
of the Administration by Council Members Weprin, Comrie, and James. This bill establishes the Fulton Street
Business Improvement District in the Clinton Hill and Fort Greene
neighborhoods of Brooklyn.
Business Improvement District is comprised of over 200 commercial businesses
including upscale clothing boutiques, multicultural eateries, laundromats, postal services, hair salons and
hardware stores. The budget for the
first year of operation is $300,000.
“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. BIDs
are valuable economic tools that strengthen and stabilize commercial and
Fulton Street BID, the eighteenth established under our Administration, and the
second along Fulton
Street, will 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.
would like to thank Small Business Services Commissioner Rob Walsh and his staff
for their role in establishing this BID.
I also want to acknowledge the important contributions of the members of
the Fulton Street BID Steering Committee and the City Council.