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MAY 2017ECONOMIC DEVELOPMENT New Jerseys Successful Business Improvement Districts Many municipalities aim to improve their business districts, and some are doing so with specific programs and techniques
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Business Improvement Districts (BIDs) are areas where businesses collaborate to promote economic development, improve services, and enhance public spaces in a specific commercial area.
Businesses within the designated BID area are required to file the BID fact.
The BID fact can usually be filled out online through the designated BID website or by submitting a physical form to the BID management.
The purpose of the BID fact is to provide transparency on the activities, budget, and goals of the BID to stakeholders and the public.
The BID fact typically includes financial information, upcoming projects, initiatives, and accomplishments of the BID.
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