One business corridor near downtown San Jose wants to attract more people with financial support from property owners.

A community benefit improvement district (CBID) has been formed along The Alameda to enhance the area’s safety, provide cleaner streets and attract more businesses. Property owners along The Alameda, from Schiele to Stockton avenues, will invest more than $327,000 annually for security along the corridor and projects to beautify the area. The Alameda Business Association will manage the funds and determine how to use the money over a 15-year period. Business owners have the option to renew the agreement when it expires. The City Council approved the district earlier this year, and it goes into effect in January.

“This (district), like others around the city, will provide

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