LOS ANGELES, CA (SEPTEMBER 15, 2017) – The Los Angeles County Economic Development Corporation (LAEDC) today announced the finalists for its 2017 Most Business-Friendly City in Los Angeles County Award. The cities of Compton, Downey, Inglewood, Lakewood and Long Beach are finalists for the population 68,000 and over category, and the cities of Arcadia, Azusa, Monrovia, Rosemead and Santa Fe Springs are finalists in the population under 68,000 category. One winner from each category will be announced live at the 22nd Annual Eddy Awards® on Thursday, November 9th, at the new Intercontinental Hotel at the Wilshire Grand in Downtown Los Angeles.
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:
o Demonstrated priority commitment to economic development
o Excellence in programs and services designed to facilitate business entry, expansion, and retention
o Competitive business tax rates and fee structures
o Availability of economic incentives
o Effective communication with and about business clients