Steps
1. Identify
2. Mobilize
3.
Sustain & Grow
How it gets done: Organizations
Why Organizations Matter ● Central communication and funding point ● Build continuous social, political, financial, and cultural capital ● Create institutional knowledge for future work Primary Types of Organizations ● Main Streets, community organizations ○
Main Streets are part of a national coalition with broad and impactful social, political, and human capital ○ Stand-alone community organizations can organize for a specific purpose or project ● Business Improvement Districts (BIDs) ○ A geographic area that votes to create a separate taxation that funds work to benefit property owners in that district ○ Often not an organization in itself, but funds another organization ■ If standalone organization, quasi-governmental = subject to open meetings laws
How it gets done: Organizational Funding
● BIDs ○ Geographically defined commercial area that decides to tax itself an additional amount to fund activities and improvements that benefit property owners in the district ○ Payment often passed down to commercial tenants ● NIDs ○ Neighborhood Improvement Districts that support activities in primarily residential (rather than commercial) areas ○ Most used in Milwaukee because residential real estate exempt from BID assessments ● Room Tax ○ A tax collected by lodging providers that municipalities collect and redistribute to fund tourism-enhancing activities in the area ○ Highly location-specific ● Ongoing Foundation Support ○ Often through multi-year agreements, can support organization or specific project ● Endowments ○ A fund invested to provide long-term support to an organization
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Center for Business and Economic Insight
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