• What Is A BIA
Business changes every day. Adapting to the marketplace is important!
A Business Improvement Area (BIA) is a geographic area in a municipality with a board of management set up to provide business promotion and improvement functions. A BIA allows local business people and property owners to join together to carry out physical improvement and to promote economic development in their district.
The International Village was established as a BIA in January of 1976. Located in downtown Hamilton we represent 114 properties and 106 businesses. Our boundaries include both sides of Main Street East, King Street East and King William from Mary to West Avenue.
• What Does A BIA Do
A BIA does more than just clean up the neighbourhood.
The BIA is a mechanism to promote the local community and its special attributes and attractions to visitors and, just as importantly, to local residents.
International Village has become involved in numerous activities: marketing, business recruitment, streetscape improvement and other amenities, seasonal decorations, and special events like the 2013 Oktoberfest, which offered music, food, drink, shopping and more. We continue to plan new events such as the Village Station Bazaar.
The ultimate goal of the BIA is to provide an environment that supports the role of the area as a place for shopping, dining, entertainment and financial and professional services.
• Who Benefits From Having A BIA
A BIA can benefit more than just local retail businesses.
All businesses in the area, no matter what type, may benefit from the improved local atmosphere and ambiance that a successful BIA helps to create. But each business must also do its share. An expanded customer base depends on the successful partnership between the activities of the association and individual businesses.
BIA initiated improvements and activities may lead to an increase in property values. Improvements help to create and sustain a more vibrant economic environment within the local area. This attracts both commercial and service sector businesses which, in turn, may lead to an increased demand for retail and office space and a subsequent increase in property values.
Non-retailers also benefit!
A more vibrant community attracts visitors and retains local customers of all types of services, including dining, entertainment and professional services.
- increased community interest and pride in the business area
- on-going cooperation among members of the business community
- improved lines of communication between the business community and municipal council and staff
- advocating membership interests and concerns through effective communication with both the municipality and other levels of government
- increased cost savings to the membership through improved integration of capital funding and promotional activities
A truly successful BIA creates a spirit of cooperation that improves the local community not only for all businesses but for property owners and local residents as well.
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