Bloomberg increases money for Brooklyn BIDs
Mayor Michael Bloomberg on Monday signed Introductory Number 972, sponsored at the request of the administration by Brooklyn Council Members Mathieu Eugene (D-Flatbush) and Domenic Recchia (D-Coney Island/Gravesend).
Introductory Number 972 increases the annual expenditure for seven business improvement districts, including two in Brooklyn.
“Business Improvement Districts, also known as “BIDs,” are voluntarily formed community organizations that promote business development and improve the quality of life in neighborhoods across the city. Established by local law, BIDs are self-funded by local property owners and are overseen by the city’s Department of Small Business Services,” said Bloomberg.