THE Northern Rivers regional economy could receive a boost in central precincts, with the NSW Government committing to a permanent framework to help local businesses improve their community infrastructure.<\/p>\n
The NSW Parliament passed legislation last week to make it faster and easier for businesses to establish Community Improvement Districts (CIDs).<\/p>\n
The previous process was complex and cumbersome. Under the new model, CIDs allow businesses to contribute to a shared fund for projects that benefit the broader community.<\/p>\n
Minister for Transport, Music and the Night-Time Economy John Graham said the changes empower local business owners to lead the improvements they want to see.<\/p>\n
“Local businesses know what their communities need to thrive,” Graham said.<\/p>\n
“This legislation and funding will enable them to coordinate and raise money to make the enhancements their main streets and town centres need.”<\/p>\n
Research has found that businesses generate four times more revenue in a street with an operating CID model.<\/p>\n
Banding together to improve amenities such as seating, lighting, street art, signage, marketing, and communication helps create unique place identities.<\/p>\n
Under the Community Improvement Districts Act 2025, CIDs can raise levies without pursuing the more complex alternative of striking special rates under the Local Government Act 1993.<\/p>\n
Levies to fund agreed-upon improvements are expected to cost between $400 and $700 per business.<\/p>\n
The first round of pilot funding supported 10 communities.<\/p>\n
All monitored CID pilots reported increased average daily spend in the 12 months to February 2025, with Murwillumbah revenue up by $529,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
THE Northern Rivers regional economy could receive a boost in central precincts, with the NSW Government committing to a permanent framework to help local businesses improve their community infrastructure. The NSW Parliament passed legislation last week to make it faster and easier for businesses to establish Community Improvement Districts (CIDs). The previous process was complex […]<\/p>\n