A Business Improvement Area (BIA) is made up of local businesses who join together to carry out improvements and promote economic development within a designated area. There are currently 83 BIAs in Toronto, and Willowdale seeks to create a BIA of its own to support the large and diverse business community.
BIAs have access to exclusive City grant programs such as capital cost-sharing, facade improvements, graffiti and vandalism repair, and construction mitigation.
Strengthen Local Business
BIAs can advocate on behalf of the local community and help attract new customers through large scale marketing, promotions and community events.
Yonge Street REimagined
As a unified voice we can have more say in the design process & how it
would impact the business community along the Yonge Street corridor.
The business community will also need to prepare for the 2-3 year
construction on Yonge Street. With a BIA, business owners can rally
together for initiatives to mitigate the effect on businesses.
Cost of BIA
This is the second most common question asked regarding BIAs. We have provided information to help clarify the levies that businesses will be providing to the BIA, once it is established.
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The steering committee has proposed the following boundaries for the BIA, which will include all businesses within them:
North: Hendon / Bishop Ave
East: Kenneth / Doris Ave to Bonnington Pl to Tradewind Ave
South: Ontario Hwy 401
West: Beecroft Rd to Yonge St to Linelle St
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How is a BIA Funded?
To address the second most common question, we would like to provide you with information that may help clarify the levies that businesses will be providing to the BIA, once it is established. It is important to state that a BIA’s levy is not in any way associated with taxes. Rather, the levy of a BIA is based on the assessment carried out by MPAC for each commercial property and is utilized by the BIA Board of Management, made up of local business owners and leaders, to directly support the businesses within the BIA’s boundaries.
We are proposing a levy rate of 0.03 to 0.04 percent per $100 of assessed property value. This will be one the lowest levies by any of the other 83 BIA’s in Toronto.