Sacramento County has designated funding for a Property and Business Improvement District Formation Incentive. Property and Business Improvement Districts (PBIDs) are benefit assessment districts formed pursuant to California law which provide improvements and services, which enhance the economic vitality of the properties within each district. In order to qualify for the PBID Formation Incentive, projects must meet certain eligibility requirements.
Overview
Sacramento County has designated funding for a Property and Business Improvement District Formation Incentive. Property and Business Improvement Districts (PBIDs) are benefit assessment districts formed pursuant to California law which provide improvements and services, which enhance the economic vitality of the properties within each district.
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Eligible PBID Areas: Proposed County administered PBIDs with boundaries that include more than half of the assessed properties in the unincorporated County.
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Potentially Eligible Applicants: Formalized steering committees consisting of property and business owners that are actively working to form a PBID.
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Incentive Amount: Up to $50,000 per proposed PBID project.
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Use of Funds: County will contract, in an amount not to exceed $50,000, with a mutually agreed to PBID consultant for PBID feasibility study and/or formation services.
Application Process
The Director of Economic Development (Director) is authorized by the Board of Supervisors to administer the Incentive on behalf of the County.
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Required Documentation: For a project to be considered for this Incentive, Potentially Eligible Applicants must complete and submit a Property and Business Improvement District Formation Grant Application.
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Review and Deadlines: Applications will be reviewed by the Director and staff for completeness and eligibility within 45 days of submission.
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Selection: Applicant selection for funding support will be performed in the order that applications are received and until all Incentive funds are committed and expended.
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Incentive Distribution: County will contract directly with a PBID consultant up to the amount of incentive approved by County. Consultants must have extensive experience performing feasibility studies and formation services for the creation of PBIDs. Consultants should have knowledge of the Sacramento County community.
For complete details, please review the Approved Board Material for the Property and Business Improvement District Formation Incentive.
For additional questions and to request a blank application, please contact the Office of Economic Development at (916) 874-5220.