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City named a finalist for ‘most business friendly city award’

Posted: August 21, 2014 2:44 p.m.
Updated: August 21, 2014 2:44 p.m.
 

The city of Santa Clarita has been named as a finalist for the Most Business-Friendly City in Los Angeles County in 2014.

Selected by the Los Angeles Economic Development Corp. in the category of cities with populations 65,000 and over category, Santa Clarita was among five cities selected for the nonprofit business organization’s upcoming Eddy award on Nov. 13.

The city of Santa Clarita was last named the winner of the county’s Most Business-Friendly City award by LAEDC in 2008.

“In today’s complex, competitive business climate, Santa Clarita is doing everything it can to ensure that companies are successful here in our community,” said Mayor Laurene Weste.

Saying the city is honored to be a finalist, Weste said that it believes “good business is good for Santa Clarita.”

“Our businesses have added 8,000 jobs in the last four years and continue to believe in Santa Clarita. We strive to make sure our city’s practices help businesses thrive, while providing our residents with a choice to work locally,” Weste said.

In a press release announcing the finalists, LAEDC said Santa Clarita was cited as being business friendly because it has no business licenses, no gross receipt or payroll tax, and no utility user fee.

Also noted was the city’s expedited development process, a “purchase-local” incentive, permit subsidization, Recycling Market Development Zone, and that it was an early adopter of film production incentives. During the recession, the city approved the 21-Point Plan to spur the local economy and improve infrastructure.

The city also recognizes the importance of addressing employee workforce skills gaps through a partnership with College of the Canyons, LAEDC noted.

Included among the cities selected as finalists are Santa Clarita, Palmdale, Bellflower, Glendale and Lakewood.

Finalists were 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.

The Eddy awards were created by LAEDC in 1996 to acknowledge areas that demonstrate exceptional contributions to positive economic development in the region.

 

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