Lancaster and La Mirada were named the most business-friendly cities in Los Angeles County by the county’s economic development organization.
At its annual awards gala on Thursday, the Los Angeles County Economic Development Corp. named Lancaster as the most business-friendly city with a population over 50,000, while La Mirada was chosen the most business-friendly among cities with fewer than 50,000 people.
The LAEDC began the most business-friendly cities contest seven years ago as a way to boost competition among the county’s 88 cities to stimulate economic development and job creation. Winners must demonstrate a commitment to economic development, show they keep business costs low and retain companies.
“This year’s most business-friendly cities – Lancaster and La Mirada – understand that domestic and global competition for jobs, businesses and entire industries has never been fiercer,” said Bill Allen, LAEDC chief executive.
This is the second time Lancaster has won the most business-friendly city award; the first time was in 2007.
Also receiving awards at the organization’s annual gala were: Space X Chief Executive Elon Musk; USC, for its massive Village redevelopment project; and Yang Ho Cho, chief executive of the Hanjin Group, which is investing more than $1 billion in a new office/condo tower on the site of the former Wilshire Grand Hotel in downtown Los Angeles.