BIA for Willowdale
From October 2019 to January 2021 the KCBA worked with the City of Toronto and local businesses in North York in the formation of a BIA as a member of the steering committee. We believe a BIA is in great interest to the Korean businesses in North York, as it will establish an attractive image of North York and therefore bring more customers.
What is a BIA?
A Business Improvement Area (BIA) is an association of business people within a specified district, who join together, with official approval of the City, in a self-help program aimed at stimulating local business.
It serves as an economic and social anchor, helping to stabilize and revitalize the local community.
There are currently 80 BIAs established in Toronto but none exist in the North York or surrounding areas
What are some of the benefits?
•Capital Cost-share Program
•Financial assistance for mural projects; commercial façade
improvements and streetscape master plans.
•Street and sidewalk maintenance and capital improvements
•Promotion of the BIA through the City as a business, employment,
tourist or shopping area
•Hosting neighbourhood festivals and events (i.e. Taste of the Danforth)
•Advocate on behalf of their membership as a unified voice
How does it work?
Once a BIA is established, the Board of Directors will decide upon a budget for the upcoming year in order to meet its goals to benefit the community. Funds for the budget are collected as a levy to all property owners residing in the BIA boundaries. The amount each property owners contributes is based on their property value, multiplied by the budget and divided by the total commercial assessment which currently sits a around $2.2 billion.
Most Korean businesses are currently tenants of these property owners, so once passed this levy will most likely be included in your monthly rent.
Have your say!
Are you a business owner and concerned about the costs of the program or how the money will be used? Join us! The KCBA is currently looking for Korean business owners operating between Finch and Sheppard to share their ideas and concerns. There is also an opportunity to run for the future board of director positions. As a board member, you will be able to make key decisions on the budget, allocation of funds, and marketing of the BIA.
You can learn more at the official BIA website below:
As of December 16th 2020 a Willowdale BIA has officially passed City Council!
As of January 18th 2021 a Willowdale BIA Board has been nominated!
The first AGM took place on Monday January 18th at 3:00pm. There were approximately 65 indivudals in attendance who participated. You can watch the recorded AGM here: (1) Willowdale BIA AGM - YouTube
Congratulations to the five members of the KCBA who were elected to serve the Board of Directors for the BIA. They look forward to making Willowdale a prosperous place for business owners:
From Left to Right: Hyunjoo Chae, Jay Lee, Jaime Kim, Joanne Su, and Jane Jhung
There were a total of 12 positions available, other elected individuals include: Albert Ho, James Pang, Jeff Oulahen, Mark Harlow, Nuno Tupo, Pamela Kalsner, Vijay Thomas. Councillor John Filion will also serve on the board.
The nominated slate for the Board of Directors will be approved by North York Community Council in March 2021. Funds to begin the BIA projects will be available in Spring.
View KoreaTimes Article: 캐나다 한국일보 : 노스욕 한인거리 탄생할 수도 (koreatimes.net)
Presentations, Documents, Meeting Minutes
North: Hendon/Bishop Ave
East: Kenneth Ave
South: Bogert Ave-Anndale Dr
West: Beecroft Rd