Business & community
improvement districts
when commercial property owners band together, they Unlock Public funding for their entire commercial area.
Business and Community Improvement Districts (BIDs & CIDs) are legislatively authorized special taxing districts created by neighboring CRE owners and businesses.
These districts raise money to improve broader commercial areas through self-imposed taxation. The pooled funds leverage larger amounts from government sources to fund initiatives.
Business and property owners have greater control over tax revenues, allowing them to invest in efforts that benefit them most.
benefits of
business Districts
Gives CRE owners and businesses more input and control over needed improvements
Leverages many like-minded CRE investors’ voices & resources for greater impact
Creates community identity & cohesiveness
Attracts government grants to reduce costs
Increases long-term value
Strengthens government relationships
Activates the area and creates attractive places
how these districts leverage funds
When multiple CRE owners contribute to BIDs and CIDs, they significantly multiply their investments in the community.
Through BIDs and CIDs, one company’s contribution leverages the contributions of many. Those funds then leverage even larger amounts from other sources, such as government grants.
This funding strategy — leveraging private dollars into public dollars — captures maximum value for businesses through effective public-private partnerships.
From roadways to community events,
Property owners work together on what they need.
While every commercial area is unique and specific activities are determined by legislative authority, many pursue the following:
placemaking & Programming
parks &
trails
clean & safe
infrastructure
economic development
mobility
“Pontem Resources led the formation of the Chamblee Doraville Community Improvement District (CID) and was the natural choice to manage the District going forward.
Their work has significantly enhanced our ability to deliver infrastructure improvements and other priorities of our commercial property owners.”
Josh Harrison
President, Pattillo Industrial Real Estate
Chairman, Chamblee Doraville Community Improvement District
Our advisory services are built on years of experience designing these powerful tools.
Whether you are in business or government, contact us and let’s explore the opportunities in your area.