WHAT IS A BIA
Though set up and governed by a combination of provincial legislations and City policy, a BIA is initiated at the request of a business community. When a BIA is created, City Council establishes a business association, sets the BIA boundary, and approves a Board of Directors and annual budget. The budgeted amount is collected through a special tax levy of BIA members. Once established, City Council annually approves the BIA’s budget, Board of Directors, and special tax levy. All BIA collected monies are returned to the Business Association to fund the BIA’s initiatives.
A Business Improvement Area (BIA) is a unique opportunity for businesses to work together to accomplish mutual goals. Customers want safe, interesting and attractive places to shop, dine and conduct business. To attract these customers, a BIA can enhance an area through:
Various Events Held Within The City Centre