Fort Lee District Management Corporation, Inc.

Overview

The Fort Lee District Management Corporation, Inc., commonly known as the Business District Alliance of Fort Lee (BDA), is a nonprofit organization based in Fort Lee, New Jersey. It was incorporated on November 19, 2013, and operates as a district management corporation for the Fort Lee Special Improvement District (SID)[1][2]. The organization is designed to promote economic growth and development within the Borough of Fort Lee by fostering a public-private partnership[2][3].

Purpose and Activities

The primary purpose of the Fort Lee District Management Corporation, Inc. is to improve the economic and physical environment of the business areas in Fort Lee. This includes revitalizing the Main Street shopping corridor, supporting local businesses, and enhancing the overall community experience[5][3]. The corporation focuses on activities such as marketing and promotions, safety, beautification, and way-finding initiatives, including streetscape and storefront improvements[3].

Organizational Structure

The corporation functions under a board composed of local stakeholders, including officials from the Borough of Fort Lee and other community leaders. It operates under bylaws that outline its governance structure and operational policies[2]. The board is responsible for overseeing the corporation's activities, adopting bylaws, managing finances, and directing projects that benefit the district[2].

Legal and Compliance Framework

The Fort Lee District Management Corporation, Inc. complies with New Jersey state laws governing special improvement districts (SIDs), specifically N.J.S.A. 40:56-65 to 89[2]. It is required to submit annual audits and reports to the Borough of Fort Lee and must have its annual budget approved by the local government[2].

EIN and Identity

The corporation is registered under EIN 46-5136572, although it was incorrectly reported as EIN 465136572 in some sources[5]. However, the correct EIN for this organization needs clarification as the provided information might be incorrect or outdated.

Role in Community Development

The corporation plays a crucial role in developing and implementing programs that enhance the quality of life for residents, businesses, and visitors by creating a vibrant community environment in Fort Lee[3]. Its partnership with local government and stakeholders is pivotal in executing revitalization efforts and ensuring the long-term economic viability of the area.

[1] https://ecode360.com/28126463 [2] https://www.bdaftlee.com/wp-content/uploads/2022/07/SID-Final-SID-bylaws.pdf [3] https://www.bdaftlee.com/about-us/ [4] http://flboe.com [5] https://www.causeiq.com/organizations/the-fort-lee-district-management-corporation,465136572/