Why a BIA?

What is a Business Improvement Area (BIA)? 

A Business Improvement Area (BIA) is a non-profit organization formed by commercial property owners and tenants within a defined boundary. It operates with official approval from the City and is funded through a shared contribution from commercial properties.

Purpose:

To strengthen local business, build a recognizable identity for the area, and improve the commercial environment for everyone.

 

Why Form a BIA in Steveston Village?

 Right now, about 40 local businesses fund initiatives and a small group volunteer their time for marketing, events, and beautification, a model that isn’t sustainable. A BIA creates a fair system where all commercial properties pitch in based on assessed value. The contribution is usually built into lease agreements, making it a shared effort across the business community. This approach allows for consistent planning, professional support, and stronger visibility for Steveston.

What Changes?

The current Steveston Merchants Association (SMA) would transition into a new legal entity: Steveston Village Business Association (SVBA) – the official BIA. The SVBA would operate with a stable annual budget set by its members. All property owners and businesses would have a voice in strategic planning and spending.

What Can a BIA Do for My Business?

  • -Bring more customers through coordinated marketing and events
  • -Provide a stronger, unified voice with all levels of government
  • -Share costs on beautification, safety, and branding projects
  • -Offer research, workshops, and business data
  • -Support large-scale improvements such as lighting, signage, and infrastructure
  • -Promote Steveston as a welcoming destination for residents and visitors

What Will It Cost?

  • -Each commercial property contributes a share of the BIA’s annual budget based on its assessed value.
  • -For example, if your property represents 1% of the total assessed value within the BIA boundary, your contribution would be 1% of the yearly budget.
  • -It’s a shared investment that strengthens business visibility, advocacy, and the overall vitality of Steveston Village.

Why Now?

A BIA offers the resources, structure, and collective strength to keep Steveston thriving. It brings all businesses together under one voice, with stable funding to build a stronger, more vibrant commercial district.

 

For more info on BIAs go to bia.bc.ca   For more info email info@exploresteveston.com