What is a Biz?
A Business Improvement Zone (Biz) is an association of business people who join together to promote their mutual interests. The concept of joining together provides the local business district with a voice on how to attract clients and customers to their place of business, to undertake improvements and co-operatively market their businesses.
The Biz Management Board consists of representatives that have been elected by the businesses in the area, at the annual general meeting (AGM). Programs and budgets are prepared and approved first by the area business representatives at the AGM and then by City Council.
What makes a Biz unique is that once a geographical boundary is set, and the Biz has been formally designated, every business in the area is automatically included in the membership. The Biz is funded by a special levy on business taxes that provides the funds for the projects that businesses in the zone feel are important.
The Downtown Transcona Biz was officially created on December 20, 1995. Today, the Biz has transitioned and is known as The Transcona Business Improvement Zone.
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