is a BID?

A Business Improvement District, or 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 are grass roots, community driven organizations that require legislative authorization to be established.

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.

is the Troy Downtown Collaborative?

The Troy Downtown Collaborative, or TDC, is a registered not-for-profit corporation that was originally formed in 2001. It is made up of a group of property owners, business owners and residents with the following mission: 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. On March 6th, 2008, the Troy City Council officially tasked the TDC with creating a plan for a Business Improvement District in Downtown Troy.