FOUR NEW ZONES ARE TO BE ADDED IN 2009
Monrovia is a city that desperately looks to be added into the new 2009 Enterprise Zone designation.
“This designation can really help Monrovia compete with other cities that have zones because other such cities are able to entice businesses out of Monrovia,” (City manager Ochoa.)
A few mid-size businesses already have left Monrovia to relocate in cities with EZ designations, according to Ochoa.
But competition among cities applying for the designation is tough. The state allows for 42 EZ zones - and just four zones are available for the current application period that ends in late March. Westlake anticipates the HCD will receive between 10 and 12 applications.
Pasadena has had an EZ designation since 1992. The zone covers the northwest part of the city, as well as the Walnut Avenue corridor. “It definitely has been a boost,” said city spokeswoman Ann Erdman. “It’s really helped us to bring in businesses to Pasadena and retain businesses here.”
June 2nd, 2009 at 1:35 am
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