Fairfax Boulevard Partnership
FAQs
- What is a BID?
- A BID, Business Improvement District, is a clearly defined geographic area that encompasses offices, retail business, dealerships, and service companies. A BID delivers supplemental services to a municipality to assist in the retention of existing businesses and the attraction of new businesses. Services may include marketing and promotional programs, capital improvements, and the management, maintenance and beautification of the designated area.
- How is the BID funded?
- BID’s are funded by a special assessment paid by commercial and industrial property owners within the district. In our case, the Fairfax Boulevard Partnership is funded by a special assessment paid by commercial and industrial property owners located within the Fairfax Boulevard corridor. This assessment is set at six cents ($0.06) for every one hundred dollars ($100.00) of assessed value of real property and improvements. Residential and tax-exempt properties such as religious, public utility, or government properties are not included in the assessment district.
- Why does the City of Fairfax need a BID?
- The City created the BID as a means to ensure the economic vitality of Route 29/50 corridor remains strong and vibrant.
- Who is Fairfax Boulevard Partnership?
- We are a coalition of commercial and industrial property owners and business owners, excluding residential properties, lying either wholly or partially within the Fairfax Boulevard corridor. Every business or entity that holds a valid business license within the corridor is a member of the Partnership.
- How will the Fairfax Boulevard Partnership use the taxes being collected?
- The funds raised by the supplemental real estate tax will be used to provide additional government services not being offered uniformly throughout the entire City. These services include but are not limited to, economic and business development; promotional activities intended to foster business retention; business recruitment and developer recruitment; physical improvements to public facilities within the corridor; and planning for the acquisition and development of public and private spaces needed throughout the BID. The taxes collected must be spent within the BID and applied consistently to every parcel within the BID.
- How can I get involved with the Fairfax Boulevard Partnership?
- Attend any of the Board of Director meetings usually held the second Wednesday of every month at 8:30 AM. Volunteer to serve on any of the four Committees. Call, write or email us with your ideas comments or suggestions.