SOUDERTON BUSINESS IMPROVEMENT DISTRICT PLAN
Souderton, PA
The Borough of Souderton and Souderton Telford Main Streets hired Urban Partners to examine the potential to create a Business Improvement District (BID) in Souderton. A BID is a specific geographic area consisting of a group of property and business owners that cooperate financially to provide mutually beneficial services throughout the defined area. Recognizing that municipal revenues are often insufficient to provide various desired services, the General Assembly of the Commonwealth of Pennsylvania created the Neighborhood Improvement District Act of 2000, authorizing municipalities to create BIDs.
Working with Souderton Telford Main Streets, Urban Partners
created a business plan for the Souderton BID enlisting feedback from owners of commercial properties located in Souderton. The plan outlined all required elements of the Act for establishing a BID, including district boundaries, eligible properties, proposed services, revenue sources, and organizational structure.
Pursuant to the Act, for a BID to be created, at least 40% of the property owners within the BID district proposed in the final plan must file objections to the BID plan. No objections were filed, and the Souderton BID successfully took effect in 2015.
Client: Garrett Williamson Foundation
The Borough of Souderton and Souderton Telford Main Streets hired Urban Partners to examine the potential to create a Business Improvement District (BID) in Souderton. A BID is a specific geographic area consisting of a group of property and business owners that cooperate financially to provide mutually beneficial services throughout the defined area. Recognizing that municipal revenues are often insufficient to provide various desired services, the General Assembly of the Commonwealth of Pennsylvania created the Neighborhood Improvement District Act of 2000, authorizing municipalities to create BIDs.
Working with Souderton Telford Main Streets, Urban Partners
created a business plan for the Souderton BID enlisting feedback from owners of commercial properties located in Souderton. The plan outlined all required elements of the Act for establishing a BID, including district boundaries, eligible properties, proposed services, revenue sources, and organizational structure.
Pursuant to the Act, for a BID to be created, at least 40% of the property owners within the BID district proposed in the final plan must file objections to the BID plan. No objections were filed, and the Souderton BID successfully took effect in 2015.
Souderton Telford Main Streets, Borough of Souderton