How BIDs work
A BID programme is a local economic development initiative run by a business association and defined by the BID Policy.
A BID is a specified commercial area - town centre, industrial area, or a combination - designated for a targeted rate, with boundaries agreed by the local board and business association. Business associations work with the local boards to operate BID programmes in their communities.
We make the targeted rates funds available for the business association to use on activities that promote economic growth in their area. We set accountability requirements through our BID Policy.
Auckland has 50 BIDs representing more than 25,000 businesses, with a combined capital value estimated at $72.7 billion.