SBS Celebrates Its Fourth “New York City Business Improvement District Day” by Announcing Key Findings of Annual Trends Report

FOR IMMEDIATE RELEASE
May 18, 2026

SBS CELEBRATES ITS FOURTH "NEW YORK CITY BUSINESS IMPROVEMENT DISTRICT DAY" BY ANNOUNCING KEY FINDINGS OF ANNUAL TRENDS REPORT

Business Improvement Districts Invested More than $216 Million into Commercial Corridors in Fiscal Year 2025

NEW YORK - Today, New York City Small Business Services (SBS) Commissioner Kenny Minaya celebrated the fourth annual New York City Business Improvement District (BID) Day by announcing key findings and results from the Fiscal Year 2025 (FY25) New York City BID Trends Report. The observance of BID Day - part of the larger New York City Small Business Month - serves as a day to celebrate the ways that BIDs enhance New York City neighborhoods through beautification projects, supplemental public safety services, clean-up efforts, and public events. BID Day recognizes the positive impact the city's 78 BIDs have on diverse, vibrant commercial corridors citywide.

"New York City's growing family of BIDs are an essential part of SBS's mission to grow our small businesses and build neighborhoods that are thriving and more joyous places to shop, live, and work," said SBS Commissioner Kenny Minaya. "BID Day celebrates all the ways our BIDs make New York City better. I am grateful for their partnership and look forward to supporting them further with our next round of BID Development and Small BID Support grant programs."

As part of the Mamdani administration's commitment to supporting New York City's network of BIDs, New York City Deputy Mayor for Economic Justice Julie Su and SBS Commissioner Kenny Minaya will also be launching an in-person series of borough-based BID convenings. Starting on June 2, 2026, in the Bronx, these convenings will bring city government and local BIDs together to understand and respond to neighborhood- and borough-specific economic and quality-of-life concerns.

The release of the FY25 New York City BID Trends Report follows the April launch of applications for $8 million in commercial corridor revitalization grants for FY27, including grants for the BID Development and Small BID Support programs.

The FY25 New York City BID Trends Report

To kick off BID Day, SBS Commissioner Kenny Minaya announced key findings of SBS's annual BID Trends Report for FY25. The report found that:

• BIDs invested more than $216 million into their neighborhoods - a 4.3 percent increase from FY24 - supporting more than 320 miles of commercial corridors and nearly 25,000 storefront businesses;
• BIDs provided supplemental public safety staffing across 185 miles, including through neighborhood patrols, security cameras, additional lighting, pedestrian traffic management, and other supportive services, while BID public safety officers recorded nearly 670,000 interactions with visitors;
• The city's family of BIDs expanded to 78 with the creation of the new East Harlem 125th Street BID and the new Coney Island BID;
• BIDs held 4,092 public events drawing an estimated 13.6 million participants, including street fairs and pedestrian-focused experiences through the Open Streets program;
• BIDs collected 3.6 million bags of trash, removed 383,000 instances of graffiti, and maintained 6,362 garbage receptacles;
• BIDs invested $18.1 million in neighborhood beautification efforts by maintaining nearly 28,000 streetscape elements, including 7,768 tree pits and 5,157 planters, 289 miles of holiday lighting, and sponsoring 169 public art installations.

During FY25, New York City's BIDs placed a larger emphasis on solving local quality-of-life challenges, partnering with city agencies, elected officials, and community-based organizations to engage in proactive outreach geared toward those New Yorkers who needed additional care and mental health interventions. In FY25, BIDs also focused on enlivening city neighborhoods with public space improvements such as building up city green spaces, light installations, and murals that invited visitors and residents alike to enjoy all that the city has to offer.

About Business Improvement Districts (BIDS)
BIDs create vibrant, clean, and safe districts. They deliver services and improvements above and beyond those typically provided by the city. BIDs help to brand their districts and market small businesses on their corridor. They facilitate networking among merchants, host community events, and advocate for improvements to the district. BIDs also serve as a liaison between local businesses and stakeholders and the city government. In doing so, BIDs provide a collective voice for the neighborhood and help inform city policy based on their unique local knowledge.

For more information on the history of BIDs and the services they provide, visit SBS's BID overview page, or watch the video from @TheMeganDaily on Instagram.

About the Department of Small Business Services (SBS)
SBS helps unlock economic potential and create economic security for all New Yorkers by connecting New Yorkers to good jobs, creating stronger businesses, and building vibrant neighborhoods across the five boroughs. For more information, visit nyc.gov/sbs, call 311, and follow us on Facebook, X (Twitter), Instagram, and LinkedIn.