The latest edition of the FY 2024 BID Trends Report is out now! This annual report, produced by NYC’s Department of Small Business Services, highlights the excellent work that BIDs, like us, all over the Five Boroughs do to support, maintain, and innovate neighborhoods. In this report, the NoHo BID got a special shout out for our NoHo Art Nexus from 2024! You can read the full report below, but highlights include:
•BIDs invested more than $207 million into their neighborhoods – a 6.7 percent increase from Fiscal Year 2023 (FY23) – supporting more than 300 miles of commercial corridors and nearly 25,000 storefront businesses
•BIDs provided supplemental public safety staffing across 218 miles, including through neighborhood patrols, security cameras, additional lighting, pedestrian traffic management, and other supportive services, while BID public safety officers recorded nearly 500,000 interactions with visitors
•The city’s family of BIDs expanded from 75 to 76 with the creation of the new Cypress Hills Fulton BID; BIDs held 4,092 public events drawing an estimated 14.7 million participants, including street fairs and pedestrian-focused experiences through the Open Streets program
•BIDs collected nearly 4 million trash bags of litter, cleaned 448,000 instances of graffiti, and maintained 6,292 garbage receptacles
•BIDs invested $18 million in neighborhood beautification by maintaining 26,303 streetscape elements, including 7,964 tree pits and 4,464 planters, and sponsoring 159 public art installations
•66 BIDs maintained 255 miles of creative, vibrant holiday lighting
