The Business Improvement District Formation Grant Program will fund community-based development organizations (CBDOs) to explore or further the formation of a Business Improvement District (BID).
Donor Name: NYC Department of Small Business Services
State: New York
City: New York City
Borough: Bronx, Brooklyn, Manhattan, Queens and Staten Island
Type of Grant: Grant
Deadline: 03/30/2025
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
The BID Development Grant program was created by the NYC Department of Small Business Services (SBS) to identify and develop proposals for the formation of Business Improvement Districts (BIDs) in areas where they would benefit local stakeholders. Through proactive planning and targeted investments, the BID Formation Grant support established steering committees to complete the BID Formation Process.
Funding Information
Up to $100,000 per year per neighborhood will be awarded to grantees for the staffing, planning, and implementation of a BID formation proposal.
Uses of funds
BID Formation grant funding can be used for the following activities in the BID planning, outreach, and legislative phases:
- Steering Committee Coordination
- Database Management
- Formula development & Mock assessment run
- Development of Statements of Support
- Management of Outreach phase
- Mailings, presentations, and development of public testimony
- Demonstration projects to communicate the value of the BID.
Eligibility Criteria
- Nonprofit community-based development organizations operating within the five boroughs of New York City that are currently coordinating, hosting, or serving as the fiscal conduit for a formal BID Formation Steering Committee
- Nonprofit organizations incorporated in New York State;
- Organizations compliant with annual State and Federal filing requirements.
For more information, visit SBS.
