• A business improvement district (BID) is a defined area within which businesses are required to pay an additional tax (or levy) in order to fund projects within that defined boundary.
  • The BID is often funded primarily through the levy but can also draw on other public and private funding streams.
  • BIDs were introduced in London in just 2005, and since then their community has grown to the current number of 51. This number seems to be a measure of their citywide success.