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Since its creation in 2006, the mission of the 5th Avenue BID has been to promote the general welfare of the people living in, working in, and visiting the neighborhood. Through programs and services such as daily sanitation and maintenance, annual holiday lighting programs, beautification projects, and business development, the BID and its board’s primary goal is to revitalize and promote business on 5th Avenue. The BID’s Board of Directors and staff strive to create a welcoming environment for residents, businesses, shoppers, and visitors in the best interests of the district.
Business Improvement District (BID) is a public/private partnership in which property and business owners elect to make a collective contribution to the maintenance, development, and promotion of their commercial district. BIDs have helped revitalize neighborhoods and catalyze economic development throughout New York City. BIDs deliver supplemental services such as:
* Sanitation and Maintenance
* Public Safety and Hospitality
* Marketing and Promotions
* Capital Improvements
* District Representation
* Business Development
All services are funded by a special assessment paid by property owners within the district. New York City's BIDs invest over $105 million annually in programs and services for neighborhoods across the five boroughs.