Book excerpt: In today's world, towns and cities dynamically develop over time and that's why urban regeneration is a widely experienced phenomenon. How can Business Improvement Districts (BIDs) create necessary conditions for the development of these phenomena? What is the role that BIDs have in entrepreneurial urbanism, supporting SMEs, city marketing and city branding? These are questions examined in this volume, in an effort to provide an extensive analysis of business improvement districts. Enriched with an analysis of various case studies, including South Africa, Ontario, Tokyo, Barcelona, Slovenia and with an in-field analysis of a cultural heritage site, Korca, Albania, the book analyses the importance, benefits, and impacts of this kind of organization. It highlights the social, economic and ecologic challenges to the historic city markets today, which led to their rapid stagnancy. This book offers a practical and structured guide of the concept of Business Improvement Districts and highlights the best practices for management, financing and organizing. It sheds light on the impacts and benefits of business improvement districts, offering conclusions about their influence on the future improvement of cultural and urban sites. It will be of value to researchers, academics, professionals, and students in the fields of management, organizational studies, strategy, and sustainable development of tourism districts.