NYC BID Day 2025: $40M Invested to Power Local Business Corridors

On May 6, 2025, New York City celebrated its third annual Business Improvement District (BID) Day by highlighting the remarkable progress and continued investment in small businesses and neighborhood corridors. The city announced that since 2022, over $40 million has been invested in BIDs and Community-Based Development Organizations (CBDOs), with fresh grants issued this year. For more details on BID initiatives, visit the NYC SBS official website.

Local business owners in a NYC BID corridor holding grant signage

Small BID Grants Make Big Impact

This year, 45 small BIDs received up to $100,000 each to fund staffing, planning, and commercial revitalization projects. An additional $800,000 in BID Formation Grants was awarded to groups establishing or expanding BID operations. These funds help power safety patrols, graffiti cleanup, marketing events, and beautification.

The newly created Cypress Hills Fulton BID joins 75 existing districts, now totaling 76 BIDs citywide.

See If Your Neighborhood Qualifies for BID Support

Measured Results in FY24

$207M invested into BID-managed corridors (↑6.7% YOY)
25,000+ storefronts supported
4 million bags of trash collected
448,000 graffiti removals
159 public art installations
14.7 million event participants citywide

These numbers showcase how even small grants scale into large community gains when coordinated through a BID structure.

Worker cleaning graffiti while BID team updates neighborhood info board

What’s Next for Small Businesses?

Starting FY26, New York City will baseline $5.3 million annually for BID and CBDO funding—ensuring long-term support for corridor services and local development. If you're launching or growing a business in NYC, this is a key moment to engage with your local BID and access tools for success.

These investments are making neighborhoods cleaner, safer, and more vibrant—one corridor at a time.

Connect with BID Resources to Grow Your Business See What NYC BID Funding Can Do For You