For the second year in a row, the City of Monrovia has been named as one of five finalists for the prestigious annual Los Angeles County Economic Development Corporation’s (LAEDC) Eddy Awards. Monrovia was nominated as a finalist for jurisdictions with a population of under 50,000 people, along with Azusa, Duarte, San Gabriel, and Santa Fe Springs. It should also be noted that the cities of Inglewood, Rosemead, and Whittier were finalists for the population 50,000 and over category.
According to the LAEDC, “Business-friendly programs and services are a critical factor in job creation.” The finalists were selected through independent review by a panel of blue ribbon judges, based on the following criteria:
– Demonstrated priority commitment to economic development and quality jobs.
– Excellence in programs and services designed to facilitate business entry, expansion, and retention.
– Competitive business tax rates and fee structures.
– Availability of economic incentives.
– Effective communication with and about business clients.
According to the LAEDC, the Eddy Awards is the most prestigious awards program to recognize leadership in economic development in business, education, and government throughout Los Angeles County, first introduced in 1996. The Eddy Awards support fulfillment of the Los Angeles County Economic Development Corporation’s mission to advance opportunity and prosperity for all.
The winner of the Most Business Friendly City award will be announced at an awards gala held on Nov. 8 at the Intercontinental Hotel in Downtown Los Angeles.
Monrovia is a dynamic community of nearly 40,000 residents that blends small town charm with big city amenities. The city is also a world class place to do business. In Monrovia, every business is valued as a partner in serving the people of Monrovia to create a community that offers a premier quality of life. The city’s partnership with businesses starts at the onset of the businesses’ establishment and lasts long after the business has opened its doors.