What is a Bid?
Business Improvement Districts (BIDs) exist globally but New York City is home to the nation’s largest, most comprehensive network of BIDs in the country. This network is as diverse as the city itself, with BIDs in every borough and annual budgets ranging from $75k to more than $20m.
A BID is a formal organization made up of property owners and commercial tenants who are dedicated to promoting business development and improving an area’s quality of life. BIDs deliver supplemental services such as sanitation and maintenance, public safety and visitor services, marketing and promotional programs, capital improvements, and beautification for the area – all funded by a special assessment paid by property owners within the district.
BID’s are formed and abide by state and local law. They are governed by a board of directors comprised of property owners, businesses, and residents within the district as well as the mayor, comptroller, respective borough president, and respective city council member.
Priorities
The NYC BID Association currently has seven working groups grappling with the most important issues BIDs across the city face.
Formed in 2025 to more directly target the needs of BIDs with assessment of under $1m, including the Small BID Grant.
Since the Association’s inception nearly 20 years ago, street vending has been a perennial issue. This group advocates for solutions that ensure the public realm and small businesses are not harmed by street vending.
Many BIDs contract with the city to manage public space, from open streets to plazas to parks. This group focuses on improving partnerships with the city to strengthen these agreements.
Since the Association’s inception nearly 20 years ago, street vending has been a perennial issue. This group advocates for solutions that ensure the public realm and small businesses are not harmed by street vending.
Many BIDs contract with the city to manage public space, from open streets to plazas to parks. This group focuses on improving partnerships with the city to strengthen these agreements.