Questions?: info {at} troybid {dot} org


  Next Public Meetings:
  Tues., July 8th, 7:00pm at Troy City Hall, City Council Chambers, 1 Monument Square, Troy

Mission Statement

To cultivate the economic growth and development of the downtown Troy community by creating an increasingly inviting, dynamic and sustainable environment that celebrates the city’s history while building towards its future.

What is a BID?

A 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.

For successful examples of BIDs in other areas, please refer to the following websites:
Information about BIDs in New York City
Downtown Ithaca's Business Improvement District: A good model
Downtown Albany BID
Cornell University's study on BIDs with lots of helpful information

How is a BID Funded?

BID programs and services are underwritten by a special assessment collected from property owners in the defined boundaries of the district. The assessment is levied on the property-owners, who may then pass it on to their tenants, if their lease contains such a provision. The assessment is billed and collected by the City and then disbursed to the District Management Association who in turn delivers the district’s services.

Why form a BID?

The purpose of a BID is to improve business conditions in a specific area, attract and retain businesses, generate jobs and improve the quality of life for those who use the district. A BID enables stakeholders to decide which services to provide to meet the district’s unique needs.

What services would be provided?
Maintenance Public Safety / Hospitality
Street / Sidewalk Cleaning
Graffiti Removal
Public Safety Officers
Visitor Assistance
Business Development Fundraising
Commercial Vacancy Reduction Homeless & Youth Services
Marketing Capital Improvements
Special Events
District Public Relations
Promotional Materials
Holiday Decorations
Improved Streetlights
Custom Trash Receptacles
Directional Street Signage
Custom News Boxes
Flower Boxes
Landscaping
Park / Open Space Maintenance
Trees / Flower Planting