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Contemporary Issues in Entrepreneurship and Innovation

   

Added on  2019-09-22

7 Pages1215 Words371 Views
Running head: CONTEMPORARY ISSUES IN ENTREPRENEURSHIP AND INNOVATIONENTREPRENEURSHIP[Document subtitle][DATE][COMPANY NAME][Company address]

1CONTEMPORARY ISSUES IN ENTREPRENEURSHIP AND INNOVATIONTable of ContentsIntroduction......................................................................................................................................2Concept of Business Improvement Districts...................................................................................2Importance of Business Improvement Districts..............................................................................3Controversies Around Business Improvement Districts..................................................................4Conclusions......................................................................................................................................5REFERENCES................................................................................................................................6

2CONTEMPORARY ISSUES IN ENTREPRENEURSHIP AND INNOVATIONIntroductionBIDs or Business Improvement Districts are renowned tool for economic development. In theeffort to give the residents, visitors and investors with a lot of secured public spaces for whichmany of the Business Improvement Districts incur the expense for sanitation services andsupplemental security. Business Improvement Districts are the self-evaluated districts which aregoverned and initiated by the business or property owners as well as authorized by thegovernments for operating in the suburban and designated urban and geographic areas. The highinterest in Business Improvement Districts in the general citizens is proven in quantity of articleswhich are published in the national and local newspaper and magazines. The increase in thefunctions and numbers of Business Improvement Districts increased naturally the number of theprofessionals (managers, analysts and planners) who have the specializations in the operations ofBusiness Improvement Districts and work for all these entities.Concept of Business Improvement DistrictsThe functioning of Business Improvement Districts have increased over the time because manyof the regions in United Kingdom have opted new laws. Also managers of BusinessImprovement District have outsourced new strategies all through the global networks. They dooperate in wide zone of areas starting from the service provision to the business in the respectiveareas to running and establishing the community courts, public space regulation, strategicplanning for land use for neighborhood, provisions of services from traditional local government,policy advocacy, from provision of services to the businesses in the respective areas (Mitchell, etal., 2001).

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