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Business Improvement Area (B.I.A.)The Downtown Business Association was formed by the business people in downtown Corner Brook to develop a Business Improvement Area (BIA) in the downtown. On July 7, 1988 Newfoundland became the ninth province to enact legislation enabling the creation of Business Improvement Areas. What is the purpose of a BIA? Under the BIA concept, business people in the prescribed area levy themselves and use the funds to improve and promote the business area. This is done through a Board of Management which is elected from the general membership. The actual administration and disbursement of funds is the responsibility of Board of Directors, which is made up of business and professional people within the BIA, and one member of City Council. What is the designated BIA area? The boundaries for the Business Improvement Area in Corner Brook are from Colemans on Caribou Road to the overpass on Main Street and from the Glynmill Inn to the entrance to Broadway from the Lewin Parkway. It includes all businesses within these areas. Click on the thumbnail below to see a larger map. What does the BIA do?
What are the benefits of BIA? There are significant benefits to the designation of a BIA;
The above benefits can translate into increased trade and tourism in the downtown, leading to increased sales and profits for business. In addition, a well maintained area will undoubtedly enhance the value of real estate in the area. |
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© James Williams, 2003