Business Improvement District (BID)
Newport Beach Business Improvement District: General Information
A Business Improvement District (BID) was created by the City of Newport Beach at the request of the businesses within the district. Every business in the district is assessed a levy that is allocated for district-specific marketing.
Your Business May Be Subject To A Business Improvement District (BID) Assessment For The Following Reasons
• Your business is one of the Newport Beach hotels with 100 rooms or more that has elected to assess themselves to promote tourism activities.
Is That Legal?
Yes. California state law establishes the framework for Business Improvement Districts. The State wanted to make it possible for groups of businesses to band together and invest in their commercial neighborhoods for the purposes of revitalization, stability and growth. The City created the BID at the request of the businesses located in the area.
How Do I Benefit From The BID?
Presumably, you picked this location for your business because you liked the environment and thought your customers would like it too. The BID works to make the district a desirable location to conduct business.
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City of Newport Beach |
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