Business Improvement Districts (BIDs) are an important mechanism for promoting local economic development. These public–private partnerships have played a vital role in the redevelopment of urban cores by leveraging private investment to promote economic growth, facilitate civic engagement, reduce poverty, and reduce crime.
These Districts often lead to positive economic spillovers in adjacent areas. Familiarity with BID operations is a crucial skill needed by municipal administrators tasked with promoting economic development.
Learn tips, best practices and challenges of BID development from the Gallup, NM BID Executive Director, Francis Bee.