Business Investment Zone (BIZ).

What is a Business Investment Zone (BIZ) ?

Together with other entrepreneurs, you can set up a Business Investment Zone (BIZ). A BIZ is a defined area on a business park or in a shopping area. Together, you invest in an attractive and safe business environment.

Once the BIZ is established, business owners in that zone pay a levy to the municipality. The municipality gives the proceeds as a subsidy to the BIZ association or BIZ foundation that carries out the activities. All entrepreneurs in the BIZ must pay the BIZ levy. The amount of the contribution depends on the WOZ value.

How does it work?

The grant that the municipality gives to the BIZ association or foundation is for additional activities that the municipality does not carry out itself. For example:

  • improve traffic facilities
  • signage
  • green space
  • waste collection
  • cleaning
  • maintenance
  • additional monitoring
  • lighting
  • fences
  • camera surveillance

How long does it take?

You pay the BIZ fee as long as the BIZ exists. A BIZ exists for a maximum of 5 years. This period can be extended for up to 5 years.

What to do.

You pay the BIZ contribution automatically through the OZB.

More information can be found on the Entrepreneur Square site.