In a nutshell, we exist to develop a cohesive business community that drives positive social and economic outcomes.
To achieve this:
In May 2018 the TBA was incorporated with an established set of rules. Our membership is defined by the geographic area of the Thames Community Board.(link)
We are inclusive and invite all businesses, and commercially rated property owners located within the Thames Community Board area to join (link) without a membership fee.
An elected Board of Thames business representatives directs the TBA.
Our manager, Rachael Cheeseman is responsible for operations.
Our key stakeholders are the Members, Thames Coromandel District Council, and the Thames Community Board.
Currently the TBA is primarily funded by an annual grant from the TCB. This grant allows the TBA to establish but is not a sustainable funding mechanism. One avenue that will provide the TBA with a sustainable funding mechanism is a Business Improvement District (BID).
The BID model is established in many cities and towns around New Zealand and overseas. This funding model is determined by a collaboration between business owners and council in a defined geographic area. Examples can be found in Christchurch, many centres in Auckland and the Hamilton CBD.
This is the model the TBA board are researching to ensure our Business Association is effective and sustainable.