The cities of Alhambra and Cerritos have been declared the most business-friendly cities in Los Angeles County, according to the Los Angeles County Economic Development Corporation (LAEDC) at the 15th Annual Eddy® Awards. Alhambra won top honors for cities with populations greater than 60,000 and Cerritos won for cities with less than 60,000 residents. Reasons for Alhambra’s award included reasonable rates charged for business licenses and utility user tax and fees. It was also pointed out that the city provides assistance with timely customer service and a wealth of information found on the city’s website. Its favorable combination of housing, business, employment and recreational opportunities were also applauded. The LAEDC notes that “Alhambra’s Economic Development Element in its General Plan provides a blueprint to sustain and grow commerce and businesses including industrial and central business district project areas, financial assistance in redevelopment areas, land acquisition, negotiated sales, lease agreements with an option to purchase, rent subsidy, and rebates.”
As for Cerritos, it was lauded for its “solid fiscal position, exceptional services and a tradition of strong city leadership.” Also, it was pointed out that “The city provides fast-track permitting, is a “no/ low” property tax city with no utility user tax, and has two redevelopment project areas, and a business retention and expansion program.” In 2007 and 2008, Cerritos was a finalist. Bill Allen, LAEDC president and CEO, said the following of the award recipients:
“We’re delighted to present our fifth annual award to these very deserving cities. The cities of Alhambra and Cerritos best represent what can be achieved when our city governments work side by side with the business community to create business-friendly environments where quality jobs can grow. Each year, this competition reveals that more and more cities are being proactive in their efforts to retain and attract quality jobs and businesses in their communities. The ability and commitment of our local governments to attract and retain good jobs is absolutely essential if our region is to regain its economic vitality and sustain our quality of life in the future.”
According to a news release, The Eddy Awards were introduced by the LAEDC in 1996 to celebrate individuals and organizations that demonstrate exceptional contributions to positive economic development in the region. For more, see here.
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