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BIA Frequently Asked QuestionsWhat is a BIA? A Business Improvement Area (BIA) is an area designated by City Council within which businesses and property owners can implement programs to increase the area’s profile and vitality. A non-profit association of property owners and business tenants is the vehicle by which these programs can be initiated. Through the BIA, area property owners and tenants can develop and implement a strategic plan to improve the area’s physical environment and promote its business. How is a BIA funded? At the request of area merchants and landlords, City Council enacts a by-law to establish the BIA and its boundaries. BIA budgets are funded annually through a special property tax on commercial properties within the established boundaries. The City collects the tax and remits the entire amount to the business association to carry out projects and programs. Each property owner’s share of the total BIA budget is proportionate to their property’s share of the area’s total taxable value. As a term of most lease agreements, property owners pass the cost of this tax on to their business tenants. Annual budgets for BIAs in Vancouver range from $70,000 to $2 million (Downtown Vancouver BIA), and the number of businesses represented ranges from 200 to 8,000. How does a BIA benefit the area? A BIA can effectively organize and finance area improvement programs that would otherwise be unavailable to area businesses. BIAs are a great vehicle for implementing programs aimed at tourism, promotions, business development, street enhancement, safety and security, research, and more. How is a BIA managed? All commercial property owners and tenants in the area are eligible for membership in the BIA society/association. The BIA society/association is directed by a volunteer Board of Directors that is elected by its membership. Every year at the BIA’s Annual General Meeting, the Board proposes a business promotion plan and a budget that members must approve. Most BIAs hire a full or part-time coordinator to implement and manage the association’s activities. [top] How do I start a BIA in my area? A BIA proposal must be generally supported by property owners and businesses within the proposed BIA. The following steps must be completed before a BIA can be established:
Should we hire a Coordinator? Experience with BIAs across North America shows that having a skilled coordinator is an integral part of a BIA’s success. You should determine what duties your coordinator will perform, and what skills and abilities will be required of him/her (e.g., Marketing, Strategic Planning, Secretarial, etc.). If your BIA’s budget will not allow for a full-time coordinator, you should consider hiring a part-time coordinator to organize your BIA’s activities and programs. For a more detailed description of the application process in Vancouver, please contact the City’s BIA Coordinator, peter.vaisbord@vancouver.ca, at 604.871.6304. BIA BC provides support to established and start-up BIAs throughout the province. For more information please call Patricia Barnes, President at 604.215.2401 or email hastingsnorthbia@telus.net. [top] |
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Questions or Comments? E-mail: peter.vaisbord@vancouver.ca
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