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Sunday, May 19, 2024

CITY OF INDUSTRY

How has your city/EDC sustained interest as an attractive option for companies seeking new alternatives and locations, given the challenges of the past few years on the economy and daily work life?

City of Industry was incorporated with a focus on business. The City’s motto, “Jobs, Enterprise, and Regional Infrastructure” reflects how business has been at the core of the City’s focus since its inception. Today, the City’s leaders maintain that focus. Over the past six decades, Industry has built its business foundation and transformed into the economic hub of the San Gabriel Valley. The City of Industry is home to over 3,000 businesses which directly employ over 68,000 people. While the City has grown, its focus and City motto have remained the same: Jobs, Enterprise & Regional Infrastructure.

How does your city differentiate itself from others in the region? 

City of Industry is a major Southern California hub for manufacturing, wholesale & distribution, transportation & logistics, and e-commerce with 60% of all employees in the City working in these main sectors. Manufacturers account for approximately 30% of all employees with an average of 85 employees per company with several locations employing over 600 people each. Since its incorporation in 1957, City leadership has been committed to supporting these significant employers which maximize the available workspace and provide diverse career opportunities for the surrounding communities.

Which industries are demonstrating the most interest in your area today?

Manufacturing companies (including food processing, packaging, equipment, metals, aerospace and more), wholesale & distribution, transportation & logistics, and e-commerce companies appreciate the easy highway access and diverse labor pool in the region.

What are the five most important needs of businesses when choosing a site location, especially now?

• A large and diverse employee population nearby.
• Easy access to freeways, highways, and transportation.
• Truck & employee parking, loading docks & bays.
• Reliable electricity and infrastructure.
• Security and safety.

What financial, tax incentives, or other programs have been created to help your city attract businesses?  

In 2022, the Industry City Council moved to finalize the payment of municipal bonds that resulted in lowering the property tax for its businesses.  In addition, the City does not impose any business taxes or fees.

What investments has the City of Industry made in regional infrastructure?

City of Industry’s infrastructure and accessibility keeps getting better, as evidenced by:
• $35 million commitment to the 57/60 confluence project to improve one of the most congested stretches of freeway in the country.
• Invested millions of dollars to reduce traffic and improve public safety by building grade separations at railway intersections.
• Secured grants to fund various improvements to the Nelson Avenue Bridge in La Puente, including an overall widening of the bridge.

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