"The City Council on Dec. 16 advanced proposals for two such districts - one covering the Alum Rock-Santa Clara Street commercial corridor and the other covering businesses around The Alameda. These proposals are the latest to take shape in a rapid rollout of new business districts that could see the city's total number rise to 12 by the summer. That would roughly double the city's business districts over just two years."
""It's about long-term economic vitality," Helen Masamori, a San Jose insurance broker and president of the Alum Rock Santa Clara Street Business Association, told San José Spotlight. "It gives local businesses a voice, local control and the tools to shape the future of their own neighborhood without needing money from the city." Business improvement districts are nothing new for San Jose. The city created its first - covering downtown businesses - in 1988."
San Jose is expanding its network of business improvement districts, with City Council advancing proposals for two districts covering the Alum Rock-Santa Clara Street corridor and businesses around The Alameda. The city's total could rise to 12 by summer, roughly doubling in two years. Business improvement districts allow companies to pool resources to pay for services that boost local commercial activity. Local leaders see districts as tools to support businesses impacted by the COVID-19 lockdown, population loss, inflation, tariffs and federal immigration enforcement. The city created its first district in 1988, and the pace of new formations accelerated in late 2024.
Read at San Jose Spotlight
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