The cities of Palmdale, Bellflower, Glendale, Lakewood, and Santa Clarita are finalists for the population 65,000 and over category; and the cities of Artesia, El Segundo, Glendora, Pico Rivera and Vernon are finalists in the population under 65,000 category.
One winner from each category will be announced live at the 19th Annual Eddy Awards® on Thursday, November 13th, at the Beverly Hilton.
Inaugurated in 1996, the Eddy Awards® gala presents the State’s only “business-friendly city” award, recognizing cities within L.A. County that are proactively promoting business-friendly programs and services, a key factor in job-creation. The finalists were selected based on the following criteria:
- Demonstrated priority commitment to economic development;
- Excellence in programs and services designed to facilitate business entry, expansion, and retention;
- Competitive business tax rates and fee structures;
- Availability of economic incentives; and
- Effective communication with and about business clients.
In a press release announcing the finalists for the annual Eddy Award, “Most Business-Friendly City in Los Angeles County,” LAEDC states:
In Palmdale, customer satisfaction surveys and regular business visits with the Mayor provide open channels for input and resolution of challenges. The City helps businesses via low business taxes, utility user and property taxes, a streamlined permitting process, 24/7 online project status tracking, and an ombudsman to provide one-on-one assistance. Creative sales tax sharing agreements and tenant subsidies give money back to businesses and drive growth. Additional incentives include Industrial Development Bonds, Foreign Trade Zone, Recycling Market Development Zone, business license fee reduction or waiver, and business loans or financing. Palmdale was a “Most Business Friendly City in L.A. County” finalist in 2007.
About the Eddy Awards®
The Eddy Awards® were introduced by LAEDC in 1996 to celebrate individuals and organizations that demonstrate exceptional contributions to positive economic development in the region. The Awards are presented at the annual Eddy Awards gala dinner, where leaders come together to share ideas, to be held this year on November 13, 2014 at the Beverly Hilton.
For more information, visit http://laedc.org/eddy-awards.