Hyde Park Business improvement association

Member Benefits

Advocacy

Advocating and lobbying on behalf of the membership as a unified voice

Connection to the BIA

Connection to our Hyde Park BIA brand and identity

Annual Events

Participation in our annual signature events: PondFest, Hyde Park Santa Parade, Hyde Park Christmas Market, Uptown Market

Community Involvement

Participation in community incentives, other marketing, and promotional programs: Hyde Park Dollars, CTV ads, Bus Shelter ads

Assistance

Assistance in dealing with the City of London regarding policies, permits, maintenance, and construction

Collaboration

Exclusive access to our social media and mailing list

Streetscape Improvements

Public streetscape improvements including hanging baskets, median planters, & pollinators

Safety

Safety, security, and crime prevention initiatives

Representation

Representation and support at all three levels of government

Opportunity for Outreach

Public Relations opportunities and stronger connections to the media

Website Listing

Website member directory listing

Strategic Planning

Strategic plans for business recruitment, market studies, and capital improvements - leading to a proven decrease in vacancies

How Much Does This Cost Me?

 

Once the annual budget is shared with BIA members and approved by the Board and City Council, funds are raised through a levy on commercial and industrial properties within the BIA. The levy is based on the proportionate value of each property’s assessment.

Example:

If a property’s realty assessment is $100,000, the total relevant assessment in the BIA is $10,000,000, and the annual BIA budget is $40,000, then the property’s BIA levy is: ($100,000 / $10,000,000) X $40,000 = $400

 

Note: The BIA levy is paid directly by the property owner. Tenant businesses are assumed to be paying the levy through their rent.

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