Innovation + Accountability

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The COMMITTEE

BID-enabling legislation was passed early in 2017, after a multiple-year effort to bring this public-private partnership model to Montgomery County. In fall 2017, a group of downtown stakeholders, property owners and business owners began meeting to shape the future vision for a BID. The Silver Spring BID Advisory Committee included representatives from the following entities:

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  • All Set Restaurant & Bar

  • Astro lab Brewing

  • Atlantic Realty

  • Bozzuto

  • Brandywine

  • Brookfield

  • CBG Building Company

  • Denizens Brewing Co.

  • Discovery

  • Equity Residential

  • Fairfield

  • Foulger-Pratt

  • Grosvenor

  • Guardian Realty

  • Hillman

  • Innovative Business Interiors

  • JBG Smith

  • LDG

  • Maisel Development

  • Mrs. K's Restaurant & Barrel Bar

  • McGinty's Public House

  • The Peterson Companies

  • Petrie

  • ProMark ReAl ESTATE

  • Social Scientific

  • Starr Capital

  • StonebridgeCarras

  • The Tower Companies

  • UDR

  • United Therapeutics

  • Urban Butcher

  • Urban Winery

  • Washington Property Company

  • Willco

What is a BID?

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Business improvement districts are nonprofits funded by property owners that focus on place management in collaborative, innovative and nimble ways. BIDs bridge the gap between the public and private sectors — and therefore have some of the advantages of both. The industry consists of more than 2,500 place management organizations employing 100,000 people throughout North America — with an additional 500 organizations located across the globe.

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But we already have the Silver Spring Urban District here; what benefits will a BID provide?

Unlike the existing Urban District model in downtown Silver Spring, which is governed by a committee and ultimately managed by the county, BIDs are governed by a board of stakeholders that is elected by members. BIDs are dedicated to ensuring a high-quality urban experience that enhances the value of the properties and businesses to which they are accountable.