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BIDS - A Winning Result for All Stakeholders
Building CBD business capacity, local economy, car parking strategies, built environment, brand validity, relevance.
Business Improvement Districts originated in North America focused on improving economies in central business districts. The structure of a BID provides self-funding for a business association which enables CBD business sectors to engage with their local authority on strategic issues. This provides financial and resource gain for the local authority and also faster economic results for businesses from a strategic collaborative relationship.
Strategic or action planning for a BID identifies key issues which will take the local economy forward and also show exactly how objectives can be achieved. Often raised contentious issues for CBDs include car parking, opening hours, functionality, business capacity, relationships. Some of these and more will be key issues for most CBD’s. Sometimes focus on these fundamental issues can distract from the bigger picture.
Intensification or residential living in our towns and cities should be considered in today’s economic climate. We have gained strong support for intensification from businesses and community. Talk with us if you are wanting more vibrancy in your CBD.
IMPROVING THE LOCAL ECONOMY
We have case studies to improve local economies. These include job creation, business creation, building business capacity, regional tourism, energy efficiency, improving business standards, tourism trails, identifying new tourism product, clusters, improving not for profit performance, relationship building between business and local authorities, raising interest in provincial economies
ENGAGEMENT OF THE BUSINESS SECTORS
Positive working relationships are essential to achieve major strategic goals for our town and city centres. It is critical for any organisation managing public funds that structure and governance are regularly reviewed. A BID which engages with it’s members and also key people in the local authority with good will, has a better chance of success.