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QUESTION
What support is available for smaller Business Improvement Districts (BIDs) with staffing challenges?
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The NYC Department of Small Business Services provides one-on-one support to smaller Business Improvement Districts (BIDs) experiencing staffing challenges, focusing on financial operations and contractual processes.
- The department acknowledges the critical information BIDs supply regarding commercial quarters.
- A finance and operation team offers personalized assistance, especially with contractual and invoice challenges.
- Efforts include educating BIDs on funding processes and assisting with correct form completion for reimbursements.
- The goal is to minimize processing times for payments and alleviate tensions related to city funding procurement.