What is a BID?
A Business Improvement District or “BID” is a formal organization made up of property owners and commercial tenants who are dedicated to promoting business development and improving an area’s quality of life. BID’s deliver supplemental services such as sanitation and maintenance, public safety and visitor services, marketing and promotional programs, capital improvements, and beautification for the area – all funded by a special assessment paid by property owners within the district.
New York City is home to the nation’s largest, most comprehensive network of Business Improvement Districts (BID’s) in the country. The city’s BID’s annually contribute over $147 million dollars worth of services to more than 93,000 businesses in neighborhoods across the five boroughs.
The New York City Department of Small Business Services (SBS) is the lead agency responsible for BID creation and oversight. If you would like more information or to learn more about SBS and the BID creation process, click HERE.
FOR A COMPLETE AND UPDATED LIST OF ALL BIDS THROUGHOUT NYC: