Business Improvement District (BID) Consulting
Business Improvement District (BID) Consulting
A Business Improvement District (BID) is a property or business based assessment district subject to the provisions of the California Streets and Highways Code, Section 36500 through 35551 and Sections 36600 – 36671. The Parking and Business Improvement Area Law of 1989 and the Property and Business Improvement District Law of 1994 were created to promote the economic revitalization and physical maintenance of business districts in an effort to create jobs, attract new businesses, and combat revenue losses to urban development and other cities, codified as California Streets and Highways Code.
A BID is a financing mechanism used to support various local improvements and services that enhance the targeted area. It is a self-imposed and self-governed district that unifies business and property owners in support of a common goal.