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Sunday, Jun 16, 2024

CITY OF DOWNEY

downeyca.org/econdev

EDC Contact Name
Jessica J. Flores
(562) 904-7152
[email protected]

Population
111,263

County
Los Angeles

Key BUSINESSES with headquarters in your city
Coca Cola Bottling Company, KB Homes, Kaiser Permanente, Rancho Los Amigos Rehabilitation Center, PIH Health, Porto’s Bakery, Champion Auto Group (Maserati, Alpha Romeo, Dodge), Honda World, Downey Nissan, Benihana

Describe Downey’s commitment to the business community?
Downey’s dedication to fostering a business-friendly culture and contributions to its thriving local economy make it the ideal place to do business. Downey is constantly partnering with key stakeholders and owner/developers to identify opportunity sites in the city. We are passionate about helping businesses grow and experience a “Future Unlimited.”

What industries exist today and what role has the city played to ensure they succeed?
Downey’s supportive business policies, stable workforce, and prime location have cultivated a flourishing and diversified business community of retail, biomedical, manufacturing, and auto dealerships. Major commercial and housing developers have chosen Downey for its commitment to economic development programs and its ability to spur new private sector investment and job creation.

What Economic Development programs have been utilized to retain and attract businesses to Downey?
Downey retained several auto dealerships in the City by leveraging Community Development Block Grant funds and tax revenue sharing agreements helping to preserve jobs, cultivate expansion, and secure future tax revenues.  Downey’s goal to attract and retain biomedical businesses sparked the creation of a biomedical overlay zone which added flexibility to existing properties and encourages the development and growth of biomedical businesses.

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