Buckner Bill to Bolster Chicago Economy With Business Improvement Districts Signed Into Law
July 03, 2024
July 03, 2024
CHICAGO, Illinois, July 3 -- The Illinois House Democrats issued the following news:
A measure backed by state Rep. Kam Buckner, D-Chicago, was signed into law today to support growing businesses by creating 'Business Improvement Districts,' or 'BIDs.' BIDs would raise more revenue than existing economic development tools, while allowing affected businesses to have more control of how the money is spent.
"Opening the door to business improvement districts will help . . .
A measure backed by state Rep. Kam Buckner, D-Chicago, was signed into law today to support growing businesses by creating 'Business Improvement Districts,' or 'BIDs.' BIDs would raise more revenue than existing economic development tools, while allowing affected businesses to have more control of how the money is spent.
"Opening the door to business improvement districts will help . . .