SBS announced in a new report that the City's 76 Business Improvement Districts (BIDs) invested more than $162 million in New York City neighborhoods during fiscal year (FY) 2021, supporting nearly 300 miles of commercial corridors and approximately 24,000 storefront businesses.
NYC Department of Small Business Services announced three Strategic Impact Grants totaling $800,000 to support commercial districts and Open Streets in low- to moderate-income (LMI) neighborhoods. The grants are intended to help community-based organizations (CBOs) boost economic activity in areas that were hit hardest by the pandemic.
We provide oversight and support to the City's existing Business Improvment Districts (BIDs) and to communities interested in creating new BIDs. Additionally, our staff serve as board representatives for all BIDs in New York City.
We offer a range of grant programs to help community-based organizations strengthen and revitalize commercial districts.
We strengthen community-based organizations (CBOs) across the five boroughs by partnering with experts in the fields of organization management and leadership skills to provide services and programs.
We work with community-based organizations to build vibrant neighborhoods where New Yorkers can shop, work, and live by: