ATLANTIC AVENUE — New York City Small Business Commissioner Robert W. Walsh Tuesday announced the formation of the Atlantic Avenue Business Improvement District (BID).
The Atlantic Avenue BID is located in Brooklyn Heights, Cobble Hill and Boerum Hill. It aims to promote the avenue’s long-term economic development, thereby creating a thriving boulevard that attracts both residents and visitors to its wide array of services, shops and dining, while preserving the avenue’s rich history and diverse character.
The district consists of properties lining Atlantic Avenue as well as those on side streets one block south and one block north of Atlantic Avenue. The BID will serve 360 retail businesses, with a first-year operating budget of $240,000.
“For years, non-profit organizations and volunteers have worked tirelessly to maintain and improve Atlantic Avenue,” said Councilmember Stephen Levin (D-Brooklyn Heights/Downtown). “The formation of the BID will provide sustainable resources for marketing and promotion for businesses along the avenue, thereby generating additional foot traffic and revenues in the area.
“As the council member representing the neighborhood and whose office is located within the BID, I look forward to the continued revitalization of the Atlantic Avenue corridor. I would like to thank all of those involved for their hard work and dedication.”