PATCH
By Miranda Levingston
The neighborhood is getting its first Business Improvement District, which will fund street safety and beautification.
EAST HARLEM, NY — There's going to be a new Business Improvement District in Manhattan along East 125th Street to support the small businesses lining the corridor between Fifth Avenue and Second Avenue.
Following a unanimous City Council vote to approve a new Business Improvement District at the end of May, first reported by Crain's New York Business, the vote will now go to the mayor's desk to be signed, before being approved by the New York State Comptroller.
The Business Improvement District will be entirely operational by January 2026, with an annual budget of $750,000. The budget could increase to $1 million after three years with a board vote.
For the uninitiated, a Business Improvement District, known as a BID, is a designated area where property owners are charged a fee that goes toward sanitation and public safety, as well as programs to promote local businesses.