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NYC Business Improvement District Trends Report for 2018 is Released

BIDs (NYC Business Improvement Districts) work every day to make 76 NYC commercial and industrial districts better places to live, work, and do business. BIDs are small business advocates, government liaisons, community leaders, and neighborhood champions working to improve the quality of life for all New Yorkers.

Download and read the FY’18 New York City Business Improvement Trends Report Here

This report tells the story of BIDs in New York City and attempts to capture the scope and scale of all they do for their districts and the city. In FY18, BIDs in NYC invested $158.9 million in supplemental services back into their neighborhoods. They served 283 linear miles of commercial and industrial districts, home to 93,000 businesses. On an average day, BIDs collected over 10,000 bags of trash, interacted with 6,500 visitors, and held 14 public events.

New York City’s BIDs are innovating far beyond making their corridors clean and safe. They are integral components of their neighborhood ecosystems, tackling new challenges and celebrating what makes each district unique. Among many other projects in FY18, BIDs activated vacant storefronts, started composting, provided naloxone trainings, and celebrated local history.

Thank you SBS NYC for recognizing SoHo Broadway Initiatives’s composting program with New York Compost Box Project and our development of SoHo Zoning Guidebook, which we created to elevate the community’s understanding of SoHo’s history and zoning so that property owners, residents, and businesses can meaningfully participate in future conversations about the district.

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