Silverdale’s second bid for BID
Posted at 9:56am Thursday 19 Nov, 2020
Silverdale Business (formerly Silverdale Area Business Association) is again considering becoming a Business Improvement District (BID), after a failed attempt in 2014/15.
This time, its chair Theo Simeonidis says, they are determined to nail it.
BIDs are a partnership between a business association and Auckland Council, facilitating improvements and supporting business growth.
There are currently 48 BIDs across Auckland – at present the only one locally is Destination Ōrewa Beach.
If a BID is formed, businesses within that area pay a targeted rate to Council, which funds BID projects.
Any application must be supported by the majority of businesses within the proposed BID area – determined by a survey – and the entire process can take more than a year.
A strong business organisation must be in place before a BID can proceed. Membership of Silverdale Business is currently voluntary and as at September 2020, sat at 120. Since June 30, a new executive committee has been in place.
In Silverdale Area Business Association's annual report, it says it is “a major anomaly” that despite Silverdale having commercial, industrial, retail, professional and hospitality services, it does not have a BID.
Mr Simeonidis says that developing a BID proposal for submission by the end of March, 2022 is an absolute priority and that it needs to be developed in conjunction with the Silverdale business community.
Mr Simeonidis says the committee will start by building widespread support for the creation of a BID, providing opportunities for business owners to discuss, learn more and ask questions.