Business Improvement Districts (BIDs)

A BID is a partnership between a local authority and a defined local business community. It provides a vehicle for local business-led initiatives that support key city objectives of vibrant centres, business creation and development and increased employment.

We have started the process of establishing a BID in wider Karori. The Marsden Village Association originally initiated this. A steering group of Karori business representatives are currently engaging the business community. We expect to know by the end of May 2019 if the business community is on board with the establishment of this BID. We will continue to support the BIDs programme by agreeing a number of targeted rates each year. The existing BID targeted rates total $275,000 and it is expected a further targeted rate valued at $80,000 to $100,000 will be added for 2019/20 to support the proposed new BID in Karori.

A BID is a partnership between a local authority and a defined local business community. It provides a vehicle for local business-led initiatives that support key city objectives of vibrant centres, business creation and development and increased employment.

We have started the process of establishing a BID in wider Karori. The Marsden Village Association originally initiated this. A steering group of Karori business representatives are currently engaging the business community. We expect to know by the end of May 2019 if the business community is on board with the establishment of this BID. We will continue to support the BIDs programme by agreeing a number of targeted rates each year. The existing BID targeted rates total $275,000 and it is expected a further targeted rate valued at $80,000 to $100,000 will be added for 2019/20 to support the proposed new BID in Karori.