The Hackensack Main Street Business Alliance (MSBA) is a Special Improvement District (SID), set up for local property owners and businesses to make a collective contribution to the maintenance, development, and promotion of the Main Street downtown area. Here are the answers to some commonly asked questions about SIDs and why they’re important.
What is the relationship of the Main Street Business Alliance to the Special Improvement District?
The Main Street Business Alliance is the formal name of the legal entity that is the Special Improvement District. MSBA’s offices are located at 238 Main Street, Suite 110. Office hours are Monday through Friday, 9:00 a.m. to 5:00 p.m. Please contact the Executive Director, Patrice Foresman, at 201-498-1690, for further information.
What are the boundaries of the MSBA Special Improvement District?
The Hackensack district extends along Main Street from Clinton Place to Atlantic Street. There are ___ commercial properties and more than 375 businesses within the district.
How is it funded?
The MSBA programs and services are underwritten by a special assessment collected from property owners. These fees are billed and collected by the city of Hackensack and turned over to the Alliance, which then delivers the services. The total collected annually is approximately $360,000.
Who oversees the Main Street Business Alliance?
MSBA is governed by an 12-member Board of Directors elected by the members of the district, along with liaisons from the Chamber of Commerce, Johnson Public Library, and City Council. A full-time Executive Director works with the Board.