Creating BIDs in Challenging Times
Main Street programs often turn to business improvement districts (BIDs) as a reliable source of funding. In a challenging economy, the prospect of asking property and business owners to support a BID assessment can be daunting. But the tough economy can also create a sense of urgency to get your BID creation effort moving. This session, featuring a leading expert in creating and renewing BIDs and a seasoned Main Street and BID manager, offers a step-by-step guide for forming a BID, looks at communities that are finding success despite the "great recession," and provides managerial insight into the process and advice on clearing BID formation hurdles.
- Determine whether your community is ready to form a BID.
- Understand the process, resources, time commitment and sequencing necessary for forming a BID.
- Utilize messages and themes to help advance the BID effort in a challenging economic environment.
Tuesday, May 4, 1:30-2:45 p.m.