The proposed Jackson Heights – Corona Business Improvement District will provide a variety of services to strengthen our diverse small business community.
With the support of the district’s property owners, business owners, entrepreneurs, elected council member, community boards, community-based organizations, as well as residents, the proposed Jackson Heights – Corona Business Improvement District will create a cleaner, safer, and more pleasant place for everyone to enjoy.
Business Improvement District Info
A Business Improvement District is a publicly authorized and privately administered nonprofit organization made up of property owners and commercial tenants. Property and business owners make a collective investment that goes directly to the maintenance, development and promotion of the commercial district.
There are currently 67 Business Improvement Districts (BIDs) throughout New York City that have helped revitalize neighborhoods from Flushing to Times Square. Business improvement districts similar to the proposed Jackson Heights – Corona BID include the Myrtle Avenue Brooklyn Partnership and Washington Heights BID.
The Neighborhood Development Division (NDD) of NYC’s Department of Small Business Services (SBS) supports the creation and growth of non-profit economic development organizations such as BIDs. One of their core services includes providing assistance to retail corridors in the BID formation process.
Business Improvement District Formation
The formation of a new Business Improvement District requires the support of the property owners and commercial tenants in the district. Widespread support for a new BID among stakeholders is necessary for the BID formation process to be successful. Once the planning and outreach phases are complete, NYC’s Department of Small Business Services will take the formation through its legislative authorization process.
Business Improvement District Services
Business Improvements Districts deliver supplemental services, above and beyond what government provides, such as sanitation and maintenance, public safety, marketing, beautification and capital improvements to an area. In addition to advocating for effective delivery of existing city services, a BID would address the specific needs of our commercial corridors and advocate for additional resources from the City.
Proposed BID services are based on a survey of stakeholders in the district and other public input on the needs of the district. Through inclusive planning and broad outreach, property owners, commercial tenants and entrepreneurs in the district will become informed about the proposed BID services and will be provided with many opportunities to give feedback.
Business Improvement District Cost
Services are funded by a special assessment paid by property owners and commercial tenants within the district. This assessment is a collectively decided and agreed-upon fee that is collected by the city and returned in full to the BID to be spent on locally defined services.