Boundaries: Main Street from Pico Boulevard on the North to Southern City Limits.
Date Established: 1984
Formula for Retail: 1 x Business License Tax up to a maximum of $2,000 per business license per year.
Formula for Non-Retail: $100.00 flat fee per year.
Exceptions: Home-based businesses and residential property owners.
How Funds are Collected: Concurrently with the annual business license tax (will appear on the Business License Tax Renewal form).
Who Administers the Fund: The Main Street Business Improvement Association (MSBIA) administers its own assessment fund. The MSBIA Board of Directors is elected by the members of the BID, and determines how the funds are to be spent.
Approximate Size of Fund: $110,000 per year
Uses for Funds: Parking improvements, promotion and advertising for Main Street business area, Summer Soulstice and other promotional events.
Link to Website: www.mainstreetsm.com
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