Silverdale BID to get a cool half million

Until now, Destination Ōrewa has been the biggest Business Improvement District (BID) in the local board area.

However, the newly formed Silverdale BID will have significantly more funds coming in from its targeted rate.

BIDs charge a levy/targeted rate to all businesses within their areas. This is collected by Auckland Council, and any increase in the rate must be approved by the local board and Council.

The rate funds DOB activities that support its businesses, including promotional activities, events, networking and lobbying on a range of issues.

The Silverdale BID officially became an entity after it was approved by the local board at its May 23 meeting.

Its first targeted rate, to be struck on July 1, will bring in $500,000 to the organisation in 2023/24, compared with $290,681 for Destination Ōrewa Beach.

Silverdale’s rate is made up of a flat rate of $400 plus GST per rateable (business) property.

Silverdale Business general manager, Tasha Gummer, and her team are excited to get