BIDs are a mechanism to bring local businesses together to support and grow local economies, town centres and main streets.
BIDs are business-led, placed-based partnerships, created to support local economies and to deliver services to local businesses that are additional to those provided by councils or government agencies. They allow the business community and government to work together to improve the local trading environment, drive economic growth and provide civic improvements.
A BID is usually a defined area in which a local levy is charged on all commercial properties in addition to their usual property taxes. This levy is used to fund projects and activities which benefit businesses in the area and improve the vitality of the local economy.
As part of the NSW Government’s support for BIDs, the Transport for NSW (TfNSW) Cities and Active Transport division is responsible for developing a framework to streamline the creation of BIDs in NSW.
To support this, we'll be undertaking engagement and consultation with businesses, local government, landowners, government agencies and peak bodies to help inform the policy, regulation and guidance documents that will support the BID legislative framework.
Webinar
We held a 45-minute webinar on Tuesday 18 October 2022 and presented on:
NSW Government place revitalisation programs
What are BIDs and what's their purpose
Overview of the White Paper
Next steps for streamlining BIDs in NSW
Future engagement opportunities
We also facilitated a Q&A session with webinar participants.
BIDs are a mechanism to bring local businesses together to support and grow local economies, town centres and main streets.
BIDs are business-led, placed-based partnerships, created to support local economies and to deliver services to local businesses that are additional to those provided by councils or government agencies. They allow the business community and government to work together to improve the local trading environment, drive economic growth and provide civic improvements.
A BID is usually a defined area in which a local levy is charged on all commercial properties in addition to their usual property taxes. This levy is used to fund projects and activities which benefit businesses in the area and improve the vitality of the local economy.
As part of the NSW Government’s support for BIDs, the Transport for NSW (TfNSW) Cities and Active Transport division is responsible for developing a framework to streamline the creation of BIDs in NSW.
To support this, we'll be undertaking engagement and consultation with businesses, local government, landowners, government agencies and peak bodies to help inform the policy, regulation and guidance documents that will support the BID legislative framework.
Webinar
We held a 45-minute webinar on Tuesday 18 October 2022 and presented on:
NSW Government place revitalisation programs
What are BIDs and what's their purpose
Overview of the White Paper
Next steps for streamlining BIDs in NSW
Future engagement opportunities
We also facilitated a Q&A session with webinar participants.
An important part of the journey to making it easier for BIDs to be set up in NSW is to gather feedback from our stakeholders and community. Your responses to this survey will help inform our approach to BIDs policy, including future engagement, collaboration and co-design activities.
This survey includes two sections:
Section one aims to gather a general understanding of your knowledge of BIDs and levels of interest.
Section two asks for thoughts and feedback relevant to the questions outlined in the White Paper and is specific to BIDs in NSW. This section is not compulsory to complete.
