Answer to Question #109130 in Sociology for rhynishka whyte

Question

What is a BID, and what purpose do they serve in N YC? How has the Union Square Partnership changed not only the park but the surrounding neighborhood as well?

Answer 1

A Business Improvement District (BID) is a geographical area where local stakeholders oversee and fund the maintenance, improvement, and promotion of their commercial district.

The purpose of a BID is to improve conditions for businesses in a specific area, attract and retain businesses, generate jobs and improve quality of life for those who use the district; for instance, BID reduced crime level in NYC. The Union Square Partnership is a community-based non-profit organization working to ensure the best possible neighborhood for its residents, businesses and visitors. USP’s programs include sanitation, public safety, economic development and marketing services, and we invest in the beautification and maintenance of Union Square Park, the district’s crown jewel.