As the first non-retail BIA in Canada (formed in 2001), the LVBIA represents the more than 500 businesses and almost 8,000 employees located in a campus-style community at King and Dufferin. Some of Toronto's leading creative thinkers and companies in the high tech, arts, design, entertainment and media businesses are located in Liberty Village.
One of over 70 Business Improvement Areas in Toronto, the Liberty Village BIA (LVBIA) works on behalf of, and supports, the businesses and property owners of Liberty Village, creating a safer, more attractive community environment, promoting economic development within the BIA boundaries and representing the area to the City of Toronto. A Business Improvement Area is an association of property owners, business operators and commercial tenants within a specified area, who work together to enhance and promote their business area.
Support of BIA's is provided by the Toronto Association of Business Improvement Areas (TABIA), which is the umbrella organization for BIA's, and by the City of Toronto's Business Improvement Area office. A Board of Management made up of member business volunteers, is appointed by the BIA membership and endorsed by Toronto Council. Various Committees, made up of Board members and business representatives, assist in goal setting for the LVBIA One employee acts as Executive Director to run the day-to-day operation of the BIA.
The BIA is funded by a special tax levy applied to commercially assessed properties within the BIA boundaries, calculated proportionately based on their assessed value. The BIA sets an annual budget with is approved by the LVBIA membership and endorsed by Toronto Council.
Liberty Village BIA businesses range in size from large corporations to sole proprietorships. Creativity is abundant in the area. A variety of businesses call Liberty Village home including digital, fashion and home furnishing design, media, advertising, high tech, printing, service, and food and beverage.