Wrigley business and business property owners: attend the community workshop to receive information regarding BID formation, preliminary rates, and get answers to community questions.
Date & Time:
Thursday February 20, 6:00 PM - 8:00 PM
Location:
The Cove Hotel
200 E Willow St
Long Beach, CA 90806
Other information will include survey results, formation options, FAQ, and formation timeline.
A Business Improvement District (BID) is a group set up by local businesses to make their area better. Think of it as a team effort where everyone pitches in to make the neighborhood cleaner, safer, and more attractive and successful. Here's how it works:
- Collective Benefits: By working together, businesses can achieve improvements they couldn’t manage alone. It’s about creating a better environment for everyone.
- Funding: Businesses in the area agree to pay a set amount each year. This money is collected over several years.
- Similar to Special Assessments: BIDs are a lot like special assessment districts where the funds collected are used for specific local improvements.
- Additional Revenue: Besides the regular contributions, BIDs often identify other ways to bring in money to support their projects.