As we celebrate the Year of the Tiger, the Water Tiger to be more specific, we hope for success and good fortune! Let’s hope it brings a solid recovery to all our communities.
Business Improvement Districts (BIDs, PBIDs, CBDs, TIDs, etc.) in many communities can support fiscal recovery and positive change, funding a wide variety of annual services and financing certain infrastructure: This includes everything from steam cleaning to marketing to implementing parking solutions.
To demonstrate its flexibility, note that a BID can even fund transportation services as is the case in Emeryville. The keys to success are robust public engagement and consensus on the needs to be funded, a solid Management Plan, and a well-vetted Engineer’s Report.
This photo is of the Tiger in San Francisco’s Union Square, just blocks from NBS’ SF office. NBS supported the Union Square BID in its recent renewal. This BID is a vital and potent force in helping the area recover from the COVID ‘meltdown.’ The BID is now known as the Union Square Alliance, providing a wide array of direct services to business, office, public and residential properties. For more information, visit their site: visitunionsquaresf.com/about-alliance/about-us.
NBS will release a booklet on BIDs/Business Improvement Districts in 2022. Email firstname.lastname@example.org if you would like to receive a copy.