Monday, February 10, 2014

Lancaster Recognized Again as the “Most Business-Friendly City” by the Los Angeles County Economic Development Corporation

City of Lancaster Press Release: This is a portion of the release from this past November Lancaster, CA. 11/15/2013 – The City of Lancaster was named “Most Business-Friendly City” at the Los Angeles County Economic Development Corporation (LAEDC’s) 18th annual Eddy Awards Thursday evening. Lancaster is the first city in the history of the program to have won the award twice, with its first win in 2007. “We are deeply honored that an organization of this caliber has once again recognized Lancaster with this very prestigious award,” said Mayor R. Rex Parris. “Since 1996, LAEDC and its president, Bill Allen, have played a key role in many of Lancaster’s recent successes, including the attraction of BYD’s e-bus and battery manufacturing facilities.” The LAEDC is the premier economic development organization in Los Angeles County, since 1996 having helped retain or attract more than 190,000 annual jobs in the County with an estimated labor income of $11.8 billion. During last night’s ceremony, the City of La Mirada was also named Most Business-Friendly Smaller City, with a population under 50,000. “This year’s Most Business-Friendly Cities, Lancaster and La Mirada, understand that domestic and global competition for jobs, businesses and entire industries has never been fiercer,” said Bill Allen, LAEDC president and CEO. “The City of Lancaster vigorously competes by training its residents for tomorrow’s jobs, not for yesterday’s; by keeping costs and fees down to attract new businesses and jobs; and by supporting its start-up sector, which will drive the city’s economic growth in the future.” The winners were selected based on the following criteria: • Demonstrated commitment to economic development as a priority • Programs and services designed to facilitate business entry, expansion, and retention • Economic development activity over the past three years • Competitive business tax rates and fee structures • Availability of economic incentives • Effective communication with and about business clients “Considered one of the least expensive places to conduct business by the Kosmont-Rose Survey, Lancaster’s economic stimulus package, streamlined permit process, and reduced transactions fees have spurred economic, community and real estate development,” states a press release issued by the LAEDC. “The downtown revitalization project created a vibrant urban center with 50 new businesses and hundreds of new jobs.” The LAEDC also recognized three world-class private sector entities for their outstanding contributions to economic development in Los Angeles County: SpaceX, Yang Ho Cho, and the University of Southern California. About the City of Lancaster: The City of Lancaster is a thriving community of more than 158,000 in northern Los Angeles County. Clean air, attainable housing, wide open spaces, and a close-knit community make Lancaster an ideal place for families. A low cost of doing business, endless potential for growth, and a strong commitment to business from local leaders has twice earned Lancaster the Eddy Award for “Most Business-Friendly City” in Los Angeles County from the Los Angeles County Economic Development Corporation. In addition, Lancaster boasts more than 300 days of sunshine per year, making it the ideal place to pioneer new solar energy technologies. No matter how you look at it, it's positively clear that Lancaster is the perfect place to live, work and play.

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