LANCASTER – The City of Lancaster was named “Most Business-Friendly City” at the Los Angeles County Economic Development Corporation’s 18th annual Eddy Awards. Lancaster is the first city in the history of the program to have won the award twice, with its first win in 2007, city officials announced in a news release.
“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.”
“On behalf of the City of Lancaster, I would like to thank the LAEDC for organizing this world-class program and for honoring us with this prestigious award,” stated Parris. “We will continue to work side-by-side with our stellar business community to ensure that our city remains the Most Business-Friendly.”
(Information via press release from the city of Lancaster.)