Business Improvement Districts (BIDs) fill an important role in Lakewood's vibrancy. Lakewood is home to two BIDs, the Lakewood-West Colfax Business Improvement District and the Alameda Corridor Business Improvement District.
BIDs are defined areas where businesses elect to pay an additional tax in order to fund projects only within the BIDs boundaries. BIDs are governed by a board of property and business owners in the defined area. The elected board chooses to distribute the funding for appropriate supplemental services above and beyond what Lakewood provides for that area. Services can include street cleaning, additional security, streetscape enhancements, pedestrian connectivity, and marketing.