Henderson businesses will be invited to have their say on the potential establishment of a Business Improvement District (BID) in the area.
It follows approval from Henderson-Massey Local Board of a proposed boundary establishment map and a $55,000 grant to assist with establishment costs.
BIDs provide sustainable funding to business associations. Funded by a targeted rate to commercial properties, the money generated is spent on activities that promote economic growth in their area.
Real benefits
Henderson-Massey Local Board Chair, Shane Henderson says the creation of a new BID would bring real benefits to the area.
“This decision is the first step on a journey that would be beneficial to the more than 2,000 businesses in the Henderson area.
“The board is pleased to have been able to support this phase and I encourage businesses to have their say in the ballot.”
The proposed BID area would include the geographic area of Central Park Drive, Lincoln Rd and Henderson business communities.
Ballot
A postal ballot of around 2500 business ratepayers and owners will determine the level of support for the BID programme, with a proposed targeted rate to raise $500,000 to begin in July 2020.
The ballot period must be no less than four weeks and would need to be completed by March 2020. It would need to achieve a return of voters of 25 per cent or more with 51 per cent of those returned in support of the BID boundary to be successful.
