The mission of the Hyannis Main Street Business Improvement District is to promote the community and economic development of the Main Street, Hyannis district as a desirable place to live, work, invest, and visit. The Hyannis Main Street Business Improvement District (HMSBID) is a private nonprofit organization that was established in 1999 in response to the need to carry out a Hyannis Renaissance. Business Improvement Districts (BID) across the country have been successful in revitalizing downtowns because they are funded by the property owners within the district who provide a dependable revenue stream. BIDs are special assessment districts, enabled by Mass. General Laws Chapter 40 (0) and sanctioned by the local legislative body; fees are binding.