“The next bill before me is Introductory Number 433-A, sponsored at my request by Council Members Weprin, Nelson and Recchia.  The bill authorizes an increase in the amount to be expended annually in the Brighton Beach Business Improvement District (BID) in Brooklyn from $150,000 to $160,000.  BIDs are a proven example of how public/private partnerships can promote economic development.  This bill will further the fundamental role that BIDs have played in the renaissance of New York City.

“BIDs are community organizations that are self-funded through assessments on property owners located within their boundaries. BIDs provide services such as sidewalk sweeping, public safety officers, street landscaping and guides for restaurants and shopping in the district.  The City’s Department of Small Business Services oversees the BID program.  The services provided to the communities have been essential to ensuring that small businesses and the neighborhoods in which they operate are given every opportunity to succeed.  This bill is necessary because operating the BID has a plan for enhanced services and programs for their communities.

“BIDs have played an integral role in the economic development of our neighborhoods and signing this bill is indicative of the support my Administration is providing to BIDs and the key role BIDs will play in the City’s future growth.”