BEST PRACTICE CASE STUDIES.
Why BID's WORK.
BIDS use the collective power of retailers in a precinct to drive the needs of each area. A benefit area is defined and all businesses in that area are surveyed and asked what services and projects (over and above Council services) would have a positive impact on their businesses.
The survey results are collated and the projects identified by the business community are integrated into a Business Plan Proposal and presented back to all businesses for their feedback. Meetings, workshops and interviews are also conducted to engage businesses.
The businesses are then asked to vote for or against adopting the Business Plan Proposal as their roadmap for the next five years. If the businesses vote in favour of the Proposal it becomes the official and legally binding Business Plan and Budget for their area.
The businesses share the costs of delivering the Plan and receive the business benefits derived from the program. In five years time the process is repeated and businesses must vote again. Over 90% of the 3000 programs worldwide have been renewed for two – three terms.
The benefits include * better business engagement, * programs that benefit customers and businesses, * healthy mainstreets, * benefits for Council and property owners, * funding is guaranteed, * programs are delivered for the short term and long term.
BIDS - BEST PRACTICE
THREE GREAT EXAMPLES OF BEST PRACTICE BID MODELS IN ACTION ARE:
CENTRE CITY DISTRICT
HEART OF LONDON
HEART OF THE CITY
The Center City District (CCD) and Central Philadelphia Development Corporation (CPDC) share a common mission: to enhance the vitality of Center City Philadelphia as a thriving 24-hour downtown and a great place to work, live, and have fun. They work every day to enhance the vitality of the Center City.
Representing 500 businesses in the Piccadilly & St James’s and Leicester Square areas. Working in partnership to act as a catalyst for positive change. The West End is a lively 24/7 area with theatres, cinemas, casinos, restaurants and bars and 200 million visitors per year.
Heart of the City is the Auckland City centre business association. They champion a successful City centre for businesses. They work to make sure Auckland’s city centre is a vibrant, exciting place to live, work and visit and to spread the word about it.
BUSINESS IMPROVEMENT DISTRICTS.
View the two short videos below to better understand the benefits of BIDs and how many of the best practice principles of a BID could be applied to your mainstreet, town centre or City centre in Australia. BIDs could make a significant difference to our mainstreets and Cities in Australia to reduce escape expenditure and build stronger and more resilient retail, hospitality and entertainment precincts.
Benefit of BIDS
Overseas experts talk about the benefits
We talk to Joe D’Alessandro about the San Francisco Tourism Improvement District, Jenny Ingles about the Birmingham City BID, Sarah Porter about the Heart of London and John Hirst about Bristol.
Over 3000 BIDs across the world
The first BID was created in the Bloor West District in Toronto 50 years ago. The BID has been extremely successful and continues to deliver benefits for businesses.
BIDS in Australia
Can we learn from overseas BIDs?
In this video David explains how we can use the best practice principles applied in BIDs to engage businesses in the process and demonstrates how benefits can be achieved.
Mainstreets and City centres can benefit
Mainstreets and City centres can gain a new lease of life by using the principles of Business Improvement Districts. There are successful examples in NZ, the UK, USA, Canada, Germany, South Africa and Singapore. Legislation allowing businesses to vote for their future has not been enabled in Australia while many other countries have embraced this progressive move.