Business Improvement Districts (BID)

A business improvement district is a geographically defined area within the City of Los Angeles, in which services, activities and programs are paid for through a special assessment which is charged to all members within the district in order to equitably distribute the benefits received and the costs incurred to provide the agreed-upon services, activities and programs. Because the assessment funds collected in a given district cannot legally be spent outside of that BID, the City creates a trust fund for each BID, with funds periodically released to support operations. Additional information can be referenced from the Office of the City Clerk's BID <a href='http://clerk.lacity.org/business-improvement-districts' rel='nofollow ugc' target='_blank'>website</a>.<div><br /></div><div>The Neighborhood and Business Improvement District Division of the Office of the City Clerk manages the Business Improvement District Program and provides various types of assistance and information to interested parties. For more information about these services click on this <a href='http://www.clerk.lacity.org/sites/g/files/wph606/f/lacityp_025725.pdf' rel='nofollow ugc' target='_blank'>link</a>.<br /></div><div><br /></div><div><div>Refresh Rate: As Needed</div><div>Last Updated: Sept 11, 2020</div></div>