NYC Department of Small Business Services (SBS) Commissioner Gregg Bishop today announced the City’s Business Improvement Districts (BIDS) invested over $158.9 million in New York City neighborhoods during fiscal year (FY) 2018 boosting over 93,000 businesses. The announcement is part of a new annual report highlighting the significant impact of BIDs like the 125thStreetBID with Barbara Askins in Harlem, including projects providing socially responsible solutions to quality of life concerns. Over $40 million of the BIDs’ investments were raised from external sources, including more than $1 million in grants administered by SBS. BIDs are voluntarily-created, community-based organizations that partner with local stakeholders to deliver supplemental services that revitalize neighborhoods and foster vibrant commercial corridors.
“Business Improvement Districts are working daily to help build safer, cleaner, and more vibrant neighborhoods across our city,” said Gregg Bishop, Commissioner of the New York City Department of Small Business Services. “With this report, we want New Yorkers to know that Business Improvement Districts are strong partners dedicated to building a better city for us all.”
The new report highlights the significant daily impact of BIDs on neighborhoods, businesses, and residents. In FY 2018, BIDs provided the following services in their districts:
For the best picks, get HWM's must read newsletter!
- Collected 4 million trash bags and employed 800 sanitation workers;
- Interacted with 2.4 million visitors and held over 5,000 public events;
- Removed 141,000 instances of graffiti and employed 345 public safety staff; and
- Maintained 135 public spaces and sponsored 188 public art installations.
New in FY18, this report also highlights the collective impact of BIDs in each borough and showcases how BIDs support public spaces and industrial districts across New York City.
BIDs also developed and launched projects to address local and citywide challenges this past year. Some of these projects include:
- Homeless Outreach & Workforce Development East Midtown Partnership has positively affected more than 2,000 lives by working with local organizations to provide homeless outreach and employment opportunities to individuals who were formerly incarcerated or had substance abuse problems.
- Local Solutions to the Opioid Crisis The Third Avenue (Bronx) and Fordham Road BIDs coordinated trainings for business owners and residents to learn how to administer naloxone, a medication designed to rapidly reverse opioid overdose. Collectively, the two BIDs have distributed more than 900 naloxone kits to small businesses.
- Waste Reduction Union Square Partnership brought awareness to waste reduction at their annual fundraising event by using sustainable practices that diverted 90% of waste from landfills and rescued 1,200 pounds of food. The BID has continued this effort through business education, including free waste audits for four district merchants.
The SBS FY18 Business Improvement Districts Trends Report also features comparative expenditure data and details sources of BID revenue.
To view the full report and learn more about the local impact of BIDs, visit nyc.gov/site/sbs/neighborhoods/bids.
Business Improvement Districts (BIDs) create vibrant, clean, and safe districts. BIDs deliver services and improvements above and beyond those typically provided by the City. These services can include street cleaning, public safety, marketing and events, capital improvements, beautification, and business development. BIDs help to brand their districts and market small businesses on their corridor. They facilitate networking among merchants, host community events, and advocate for improvements to the district. BIDs also serve as a liaison between local businesses and stakeholders and the City government. In doing so, BIDs provide a collective voice for the neighborhood and help inform City policy based on their unique local knowledge. BIDs are authorized by local law and primarily funded by a special assessment billed to property owners within a district.
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, visit nyc.gov/sbs or call 311.