A PBID (Property and Business Improvement District) is a special assessment district formed by property owners within a defined area to fund programs and services that directly benefit their district. Property owners agree to pay an annual assessment, which is collected and managed by a nonprofit organization or association that represents the district. The goal of a PBID is to provide improvements and services above and beyond what the city typically offers, ensuring that the district remains clean, safe, vibrant, and economically competitive.

Funds from a PBID are typically used for services such as enhanced security, maintenance and beautification, marketing and events, business support, and advocacy. By pooling resources, property owners are able to collectively invest in the long-term health and appeal of their district, creating a more attractive environment for tenants, customers, and visitors. PBIDs have been successfully implemented in many cities across the country, serving as a tool for revitalization, economic development, and community pride.