FOR IMMEDIATE RELEASE
May 6, 2025
SBS CELEBRATES THIRD ANNUAL BUSINESS IMPROVEMENT DISTRICT DAY BY ANNOUNCING NEW GRANT RECIPIENTS, RESULTS OF HISTORIC INVESTMENTS IN NEIGHBORHOODS
$40 Million Total Invested in Neighborhoods Since Start of Administration
BIDs Invest More than $200 Million into Commercial Corridors, Collect Nearly 4 Million Bags of Trash, Clean Nearly Half a Million Instances of Graffiti in FY24
NEW YORK – New York City Small Business Services (SBS) Commissioner Dynishal Gross today celebrated the third annual New York City Business Improvement District (BID) Day by announcing the recipients of the latest round of Small BID Grant recipients as well as key findings and results from the Fiscal Year 2024 (FY24) New York City BID Trends Report. The observance of BID Day – part of the larger New York City Small Business Month celebration – serves as a day for BIDs to conduct business outreach, neighborhood clean-up events, and open street and public space activations. BID Day recognizes and celebrates the positive impact the city's 76 BIDs have on diverse, vibrant commercial corridors citywide.
"New York City's BIDs play a vital role growing our economy, supporting our storefronts, and strengthening our neighborhoods," said New York City Mayor Eric Adams. "Whether its investing tens of millions of dollars into our BIDs or conducting outreach through our annual BID Day, we are proud to uplift our city's BIDs and work with them every day to create a safer, more affordable city, together."
"New York City's growing and unparalleled network of BIDs are key partners in making our city safer, more livable, and more vibrant," said SBS Commissioner Dynishal Gross. "BID Day celebrates all the ways BIDs contribute to the fabric of our commercial corridors and uplift small businesses. From our first-ever Public Realm Grants and Commercial District Lighting Grants to the combined $40 million we've invested in our communities, we're proud to be BIDs' neighborhood development partners."
Historic Investment in BIDs
Commissioner Gross also announced the recipients of the city's latest round of Small BID Support Grants, which support existing BIDs with up to $100,000 for staffing, planning, and commercial corridor revitalization projects. This year, 45 small BIDs received a combined $3.2 million in grants to expand and develop new programs and services in their neighborhoods.
In addition, SBS awarded more than $800,000 in new BID Formation Grants to BIDs, CBDOs, and other neighborhood-based organizations that have already established formal BID formation steering committees. These grants can be used for staffing, planning, and the implementation of BID formation or expansion plans.
This year's grant recipients appear further below.
With the inclusion of this latest round of grants, the Adams administration has invested a record $40 million since January 2022 in BIDs, merchants organizations, and Community-Based Development Organizations (CBDOs). This includes committing — for the first time — to annual funding of $5.3 million for BIDs and CBDOs starting in FY26. This baselining of funds for community development will ensure continued support in future years, and will make BIDs and CBDOs more efficient, effective, and impactful as they help revitalize the city's commercial corridors.
The FY24 New York City Business Improvement District Trends Report
To kick off BID Day, SBS Commissioner Dynishal Gross announced key findings of SBS's annual BID Trends Report for FY24. The report found that:
"I am proud to join the Department of Small Business Services for this year's Bronx BID Appreciation & Networking Breakfast as part of NYC's third annual BID Day," said Bronx Borough President Vanessa L. Gibson. "Our BIDs play a vital role in strengthening Bronx neighborhoods—they support local businesses, build community, and help our commercial corridors thrive. Today, we honor their impact and the everyday work they do to keep the Bronx moving forward."
"From delivering streetscape improvements, to hosting engaging public events, and providing networking opportunities for business owners, BIDs make our communities stronger and more vibrant," said Brooklyn Borough President Antonio Reynoso. "I am happy to see so many Brooklyn-based BIDs benefiting from the latest round of Small BID Grants, just one of the many ways SBS supports our local entrepreneurs and communities."
"I want to congratulate all Business Improvement Districts throughout New York City, as we celebrate their achievements and impact," said New York City Council Member Oswald Feliz. "BIDs do vital work in our local communities through their numerous initiatives that support our small businesses, by ensuring that our commercial corridors are well maintained to welcome members of the community."
"The NYC BID Association is thrilled to celebrate BID Day 2025 with SBS and all of the small businesses in our communities," said BID Association Co-Presidents Bob Benfatto and Erin Piscopink. "We are representative of all five boroughs, working to enhance the unique assets of our districts and to solve the difficult challenges present in our neighborhoods. Much of the work that BIDs do is invisible – a dirty street is noticed but a clean street everyday fades into the background. Thank you for acknowledging the work that we love to do!"
Small BID Grant Recipients
This year's recipients are:
BID Formation Grant Recipients
This year's recipients are:
About the NYC Department of Small Business Services (SBS)
SBS helps unlock economic potential and create economic security for all New Yorkers by connecting New Yorkers to good jobs, creating stronger businesses, and building vibrant neighborhoods across the five boroughs. For more information on all SBS services, go to nyc.gov/sbs, call 888-SBS-4NYC, and follow us on Facebook, Twitter, Instagram, and LinkedIn.