TESTIMONY
Vickie Paladino on Reducing High Start-Up Costs for Business Improvement Districts
1:00:05
·
92 sec
Vickie Paladino discusses the obstacles to starting Business Improvement Districts due to high start-up costs and emphasizes the need for investment and participation.
- Expresses concern over high organization fees and start-up costs deterring participation in Business Improvement Districts.
- Highlights the importance of explaining to merchants the benefits of their investment.
- Supports funding holiday lights and other small initiatives for local merchants.
- Advocates for increasing involvement in Business Improvement Districts despite the initial costs.
- Committed to facilitating the expansion of Business Improvement Districts in her district.
Vickie Paladino
1:00:05
It's I'm very excited, only because I wanna see more people participate.
1:00:12
I see the reasons why they may not because of the organization fee and how you set up.
1:00:19
It's already like at a 100,000.
1:00:21
I know my people are strapped.
1:00:24
You know, some areas are really one of the main reasons why they don't start a bid is because of the start up.
1:00:31
And then getting the other stores to participate.
1:00:34
That's why you coming in and talking to them.
1:00:38
And making them understand exactly what it is they're going to benefit by their investment.
1:00:44
What their investment is going to ultimately give them back, which is is a tremendous amount.
1:00:50
Now, I do holiday lights for the white sole merchants.
1:00:54
I fund that.
1:00:56
I do other little things, but this they need to get involved in this.
1:01:00
And I really think that being just a merchants association, while it's good and it's community organized and all of that.
1:01:07
I think the bottom line is a constant line is what it costs to participate.
1:01:15
They always see it, and I and I try to explain to people, you have to first put in in order to get out.
1:01:22
And that's why I'm I'm really dead set on on on getting you over to my district and doing what needs to be done.
1:01:31
There needs to be more of this.
1:01:32
Thank you.
1:01:33
But I'm just my head spinning.
1:01:34
Thank you
Calvin T. Brown
1:01:34
very much.
1:01:36
You're welcome, councilmember.