Tuesday, March 31, 2009

Update: Bedford Stuyvesant Business Improvement District

We are once again happy to announce the development of another Business Improvement District (BID). We have been on top of the proposal for the Bedford-Stuyvesant BID, and on March 30, 2009, Mayor Bloomberg signed Int. 906-2008 into law, officially creating the Bedford-Stuyvesant BID.

The mayor's official press release states:

"This new Business Improvement District- located in the Bedford-Stuyvesant section of north-central Brooklyn- is one of the busiest hubs of commercial activity in the borough. It includes a diverse mix of about 307 regional and national chain stores along with independently owned businesses."

Bed-Stuy Gateway adds:

"With an annual budget of $675,000, the Bed-Stuy Gateway BID will be among the top 20 largest BIDs in New York City which range in annual budgets from $12 million to $95,000. The Bed-Stuy Gateway BID will provide a comprehensive suite of services, including: security, sidewalk sanitation and maintenance, marketing and beautification. The commercial district under the Bed-Stuy Gateway BID's management contains nearly 500,000 square feet of retail space located within a ten minute walk of nearly 100,000 residents."

Council Member James is thrilled that so many strong BIDs have been created in and around the 35th District (the Bed-Stuy BID joins the local Myrtle Avenue BID and the Fulton Street BID). Team Tish maintains the belief that BIDs strengthen the power of local businesses, residential property values, and the general quality of life. We believe in the collective power of local and small business, and we join other Brooklyn elected officials in the call to Shop Brooklyn. On behalf of Council Member Letitia James, we thank Mayor Michael Bloomberg for his constant leadership in regards to the development of local and small businesses in Brooklyn, and Bedstuy-Gateway for their their part in organizing local businesses, and disseminating information, regarding the Bedstuy-BID.


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