Special Improvement Districts
Mechanisms where local business and/or residents agree to voluntarily pay an additional tax, so local governments can finance and implement improvements within a specific and limited area. (Similar to Business Improvement Districts)Also known as Business Improvement Districts (BIDs) or Business Improvement Zones. It is a limited geographic area, primarily commercial in nature, designated to receive a range of enhanced services to improve the local business climate. This process is managed by an organization of local businesses. A BID organization coordinates and directly enacts specific activities and programs, such as marketing and promotion, maintenance, security, policy advocacy, and small-scale capital improvements. SIDs are also referred to as special tax districts, public investment districts, and single purpose districts.