A Business Improvement Area (BIA) is a geographically defined urban area containing primarily non-residential properties.
The BIA concept allows businesses and property owners to work cooperatively to manage downtown as a resource and business destination. Promotional campaigns, beautification, government lobbying, cooperative advertising, clean and safe programs, and parking and transportation issues are some of the areas of concern that a BIA organization may deal with.
How is the Business Improvement Area managed and funded?
A corporate body (Downtown Moncton Centre-ville Inc. – DMCI) is established to manage the affairs of the Business Improvement Area (BIA). The Board of Directors of DMCI is elected at its Annual General Meeting (AGM). All property owners and tenants operating within the BIA – subject to pay a levy – are eligible to vote at the AGM. They can make nominations to the Board and serve as a Board member. A budget is presented to the membership outlining the funds required to implement an annual work plan. Upon approval, the budget is brought to the City of Moncton for approval, and the City then requests the Province of New Brunswick to add the levy rate to the taxes of the non-residential properties within the BIA. The Province transfers to DMCI all funds collected in the current year that the tax bill is issued. Any outstanding BIA levies or penalties as of December 31st are transferred to DMCI, and it is then DMCI’s responsibility to collect these arrears.
2023 BIA levy: $0.16 per $100 assessment.