Monrovia Named Finalist For LA's Most Business Friendly City

MONROVIA, CA – Monrovia has been named as one of five finalists for the annual Los Angeles County Economic Development Corporation’s (LAEDC) Eddy Awards, for the second year in a row, it was announced Friday. 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.

"Business-friendly programs and services are a critical factor in job-creation," the LAEDC press release said.

LAEDC said 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

The Eddy Awards is the most prestigious awards program to recognize leadership in economic development in business, education, and government throughout Los Angeles County, according to the LAEDC. The Eddy Awards, first introduced in 1996, supports fulfillment of the Los Angeles County Economic Development Corporation’s mission to advance opportunity and prosperity for all, the press release said.

The winner of the Most Business Friendly City award will be announced at an awards gala held on November 8 at the Intercontinental Hotel in Downtown Los Angeles. For more information, visit www.cityofmonrovia.org/doing-business-here.

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