NoMa is a rapidly developing neighborhood in Washington, DC, bound by Massachusetts Avenue to the south, Union Station to the east, North Capitol Street to the west, and New York Avenue to the north. The NoMa neighborhood is already home to the headquarters of CNN; XM Satellite Radio; CareFirst; the Bureau of Alcohol, Tobacco, Firearms, and Explosives; the Securities and Exchange Commission; the Federal Energy Regulatory Commission; and the Department of Education. The newly opened Red Line Metro Station expands the NoMa neighborhood’s abundant people-moving options and solidifies its place as one of the most exciting redevelopment areas in the District of Columbia.
In March 2007, the District of Columbia City Council created and the mayor approved the NoMa Business Improvement District. The BID supports the emergence of NoMa as one of the District's most exciting mixed-use neighborhoods. Through a special assessment collected from property owners in a 35-block area, the BID is helping to make NoMa safe, clean, and attractive for businesses, residents, and visitors. Its main tasks include:
The BID is governed by a board of directors comprised of nine property and business owners. The BID’s 2008 fiscal year budget is approximately $1.3 million and is funded by an assessment that applies to commercial property (including land and parking lots), residences of 10 or more units and hotels.