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LES Business Improvement District Releases Annual Report

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Recently the LES Business Improvement District released its annual report, including a year-end budget wrap-up. The organization had expenses of about $805-thousand in fiscal year 2009 and income of about $940-thousand. The BID generated around $290-thousand from assessments, $390-thousand from the parking lots it runs south of Delancey Street and about $130-thousand from City and State grants. Major expenses included marketing ($232-thousand), sanitation services ($83-thousand) and salaries ($230-thousand).

The annual report details a number of events the BID planned to increase foot traffic in the neighborhood, including International Pickle Day, the Apples on Orchard Festival and Pride Goes East. In BID President Mark Miller’s letter to the organization’s 600 (plus) members, there’s also news of expansion plans:

Many of the services and activities covered in this Annual Report are planting the seeds for the LES BID’s expansion efforts. We have received a grant from the Department of  Small Business Services to work with a consultant on this process. New and improved office facilities at 54 Orchard Street will allow us to deliver services more effectively across a larger geographic area, which we anticipate will reach from the southern part of East Houston Street nearly to Canal Street and from Clinton Street to the Bowery.

If you would like to read the full report, click here. les_annual_report_2009

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