Why are BIDs Established?

Four traditional commercial district problems which serve as catalysts to inspire and motivate the business community, often leading to the formation of a BID.

Loss of Market Share

Retail sales leakage to malls, neighboring metropolitan shopping districts, national discounters and the factory outlet centers create a compelling need to develop and implement a commercial district marketing program and strategy. BIDs can overcome the obstacles imposed by hi-profile retail centers and draw consumers back to their own neighborhoods.

Commercial Vacancies and/or Unsatisfactory Mix of Businesses

A high percentage of commercial vacancies or a high percentage of businesses in one category leads to a Commercial Recruitment and Retention Program. Creating a thriving and diversified neighborhood is critical to success.

Need For Physical-Visual Improvement

Improvements can come in the form of civic beautification, streetscape improvements, commercial district aesthetics, etc. Neighborhood improvements can also be more specialized including entryway arches, monumentation and signage, awnings, public arts programs, flowers, plants, trees, flags and banners, street furniture and other pedestrian amenities. These types of improvements increase the walk-ability of the neighborhood and encourage foot traffic.

Need for Parking Improvements

Parking improvements include signage, beautification, parking token programs and promotion. The BID does not typically provide “bricks and mortar” financing for the actual development of parking infrastructure due to its limited funding capacity. However, the BID is in a position to facilitate parking improvements.

Parking improvements include signage, beautification, parking token programs and promotion. The BID does not typically provide “bricks and mortar” financing for the actual development of parking infrastructure due to its limited funding capacity. However, the BID is in a position to facilitate parking improvements.