The Benefits of Business Improvement Districts: Evidence from New York City
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چکیده
BIDs are economic development organizations that deliver public services to specific neighborhoods to supplement the bundle of public services provided by the government. Unlike other neighborhood economic development organizations, BIDs are authorized by state legislation and are funded by mandatory assessment fees paid by merchants and property owners within the district. The menu of services provided varies across BIDs, but generally includes some combination of sanitation, security, capital improvements, neighborhood promotions, and business attraction.
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