The Board of Management of the Old Town Kemptville Business Improvement Area (OTK BIA) would like to advise its members, directors, stakeholders and residents of the upcoming Annual General Meeting (AGM) which will be held on November 20. The meeting will be held at the North Grenville Municipal Centre at 6 pm in the executive boardroom #1 on the second floor.
The AGM will primarily focus on presenting the 2020 Business Plan and Budget to the membership. There will also be information provided on the activities of the OTK BIA throughout the past year and the year ahead.
“It’s an opportunity for our members, residents and our partners to hear about what we’ve been up to over the past year, and even a look at some of what’s going to be happening in 2020. The more people know about what we’re up to, the more positive impact our efforts will have for our member businesses”. – Debbie Wilson – OTK BIA Board of Management Chair.
A Business Improvement Area (BIA) is a “made-in-Ontario” innovation that allows local business people and commercial property owners and tenants to join together and, with the support of the municipality, to organize, finance, and carry out physical improvements and promote economic development in their district.
Local businesses, working collectively as a BIA, become catalysts for improving the local business environment and quality of life of the community. As a legal organization mandated by the Municipal Act 2001, BIAs are able to create and manage a budget and, through the municipality, collect a levy from businesses in the area to raise the necessary funds for that budget.
A BIA is run by a volunteer Board of Management elected from its members. The Board is nominated at an Annual General Meeting and, once approved by municipal council, serves a four-year term concurrent with the term of Council. The Board works on behalf of its members and meets monthly to develop budgets, set priorities, implement & encourage beautification efforts, plan events, oversee day-to-day operations of the organization and promote its member businesses.