
About the District What is the Warehouse District What is a BID? What we do Board of Directors District map Tour the District Bylaws « Back	Benefits of Business Improvement Districts 1. BID levy is an investment by those who will benefit The levy generates collective activities and funds group intiatives that a property owner could not acheive with a single, similar-sized investment. For example, a business owner could not create, using the same dollars, a large scale promotion or advertising program that would differentiate it from other businesses located elsewhere in the city. 2. Leveraging a greater investment. In BIDs, the property owners investment is leveraged. Those BIDs attract additional funds that far exeed the total of the property owners' contributions though the levy. Parnterships for infrastructure, program initiatives and new ventures would generate new revenues, all to benefit the Warehouse Disitrict. 3. Building a sense of community and linking the area. History shows that cooperative action can be more effective than individual efforts. The Warehouse District BID links businesses together to work for a common purpose such as promoting the area. 4. The BID gets decision makers to notice. The Warehouse District BID acts as a lobby to attract investment dollars to streetscape and area improvements. The BID is recognized by government as an interest group aimed at improving the city dynamics. 5. A BID is stable. A property tax levy generates an ongoing and significant source of revenue. The stable source of income works to promote long term partnerships to benefit the city. 6. A catalyst for growth. A BID is not needed for growth however business owners/operators know that relying on unplanned happenings is not a recipe for success. With unique initiatives and a common purpose, a BID can leverage modest change into substantial growth, and in a shorter time.

About the District

Benefits of Business Improvement Districts

1. BID levy is an investment by those who will benefit

The levy generates collective activities and funds group intiatives that a property owner could not acheive with a single, similar-sized investment. For example, a business owner could not create, using the same dollars, a large scale promotion or advertising program that would differentiate it from other businesses located elsewhere in the city.

2. Leveraging a greater investment.

In BIDs, the property owners investment is leveraged. Those BIDs attract additional funds that far exeed the total of the property owners' contributions though the levy. Parnterships for infrastructure, program initiatives and new ventures would generate new revenues, all to benefit the Warehouse Disitrict.

3. Building a sense of community and linking the area.

History shows that cooperative action can be more effective than individual efforts. The Warehouse District BID links businesses together to work for a common purpose such as promoting the area.

4. The BID gets decision makers to notice.

The Warehouse District BID acts as a lobby to attract investment dollars to streetscape and area improvements. The BID is recognized by government as an interest group aimed at improving the city dynamics.

5. A BID is stable.

A property tax levy generates an ongoing and significant source of revenue. The stable source of income works to promote long term partnerships to benefit the city.

6. A catalyst for growth.

A BID is not needed for growth however business owners/operators know that relying on unplanned happenings is not a recipe for success. With unique initiatives and a common purpose, a BID can leverage modest change into substantial growth, and in a shorter time.