DISCOVER DOWNTOWN DUNELLEN
AN INITIATIVE TO ESTABLISH A
SPECIAL IMPROVEMENT DISTRICT
IN DOWNTOWN DUNELLEN, NJ
WHAT IS A S.I.D.
A Special Improvement District (SID) is a designated area within a municipality where property owners collaborate to fund and manage services and improvements beyond what the local government provides, such as cleaning, beautification, marketing, and security. These efforts are meant to enhance economic vitality and community development.
HOW DOES IT WORK?
Property owners pay an additional assessment to fund improvements and services that enhance the business environment and overall quality of life within that area. SIDs are typically used to support commercial districts and are managed by district management corporations or partnerships with local municipalities.
WHAT ARE THE BENEFITS?
Business and property owners in a Special Improvement District (SID) benefit from targeted improvements, increased foot traffic, and enhanced support that can significantly boost property values and business success. Here’s how SIDs create value for businesses and property owners: