Kanata North Business Park Sustainable Growth with a BIA What are BIAs? Business Improvement Areas or BIAs are established when local business property owners and their tenants join together to undertake initiatives to improve, promote and strengthen their business district or main street 2 What are BIAs? BIAs establish a Board, committees and retain dedicated
staff; and collect and spend funds on priority activities 1. Marketing, Physical Improvements, Events, Environmental 2. 3. Diversity, Social Improvements Communication (City Hall): Issue Management, Representation, Info-sharing Economic Development: Advertising, Promotions, Business Attraction 3 Ottawa has 17 existing BIAs Bank Street Promenade BIA, Barrhaven BIA, Bells Corners BIA, ByWard Market BIA, Carp Village BIA, Carp Road
Corridor BIA, Downtown Rideau BIA, Glebe BIA, Heart Of Orleans BIA, Manotick BIA, Preston Street BIA, Somerset Street Chinatown BIA, Somerset Village BIA, Sparks Street BIA, Quartier Vanier BIA, Wellington West BIA, Westboro Village BIA 4 Ottawas BIAs are unique in nature and priorities Priorities vary based on: local issues, marketing, events, improvements, economic development,
available resources 5 its r o f n w o n k s i r m e
a r g o Vani r p al r u m l a nt historic e v e
t s fe r a Somerset Chinatown g u S and boasts a unique Gateway Arch Preston Street BIA is known as Little Italy for its seasonal decorations; and Italian Week events
Wes tboro BIA i Villag s kno e robu wn fo st re tail n r and iches Wes tfe s t 6 What are the
unique priorities for the Kanata North Business Park? 7 How is a BIA managed? Board of Management comprised of property owners and business operators and One member of Council Board nominated at an Annual General Meeting - Approved by City Council Board hires staff, develops budgets, sets priorities, plans events, drives marketing and branding and approves all activities and expenditures of the BIA 8
How is a BIA funded? BIA budgets are funded by a special levy collected by the City in the geographic area Levy is not a tax! BIA sets budget, which determines levy 100% of money collected by City goes to the BIA 9 How is the Levy Calculated? Assessed Property Value $10,000,000 $4,800
x $300,000 = $620,000,000 Assessed Value for Entire BIA Annual Budget for BIA Annual Levy (paid as part of property taxes) 10
Who Pays? Property owner is responsible for paying levy to the municipality Unless stated otherwise in the lease, landlord will charge the BIA levy to the tenant, based on same method of calculating share of property tax 11 Who Pays? A budget has not yet been established for Kanata North Business Park, but here are some examples based on what the levy would be with $200K and $300K annual budgets: $200K Budget Sample 200,000 sq. ft. multi-tenant building
Sample 100,000 sq. ft multi-tenant building Sample 250,000 sq. ft single- tenant building 25-person Office 10,000 sq. ft. BIA levy = $170/yr. 100 - person Office 36,000 sq. ft. BIA levy = $612/yr. $300K Budget Annual Levy Levy per square foot $6,844
$3,417 $4,454 1.7 sq. ft. $10,266 5.0 sq. ft. 1.7 sq. ft. $5,125 5.0 sq. ft. 1.8 sq. ft. $6,680 2.7 sq. ft. 25-person Office 10,000 sq. ft. BIA levy = $500/yr. . Annual Levy Levy per square foot
100 - person Office 36,000 sq. ft. BIA levy = $1,800/yr. 12 Support for BIAs City Hall is accustomed to dealing with BIAs on policy, development, by-law, maintenance and business services matters A City staff person serves as a point person on BIA matters City staff rep meets with all BIAs collectively to address matters of common interest - GoBIA The City provides funding specifically to BIAs to undertake research projects, and has undertaken marketing campaigns promoting all the BIAs Ottawa, Ontario, Canadian and international BIAs work together/share information on matters of
common interest 13 Benefits of a Kanata North Business Park BIA 1. Secure source of funding 2. Credibility BIAs governed by provincial legislation and approved by City Council 3. Dedicated resource and working committees for: Marketing, physical improvements, seasonal events, environmental diversity, social improvements, Communication (City Hall): Issue Management, Representation, Info-sharing Economic Development: Advertising, Promotions, Business Attraction 14
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