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Thursday, Nov 21, 2024

CITY OF TORRANCE

Business.TorranceCA.gov

City Organization Name
City of Torrance, Office of Economic Development

EDC Contact Name
Fran Fulton
(310) 618-5807
[email protected]

Population
144,430

County
Los Angeles

Key BUSINESSES with headquarters in your city
• American Honda Motor Company
• Pelican Products
• Robinson Helicopter
• Sunrider International
• Stellant Systems
• Moog, Inc.
• Phenomenex
• Bachem
• Polypeptide
• Epirus
• Intellisense

How has Torrance 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?
Torrance balances commercial, industrial, and residential zones at competitive prices compared to other areas of LA County. There is plenty of open space with more than 45 parks and recreation facilities, a nature preserve, and 1.5 miles of beach. With award-winning schools, consistent ranking as one of the nation’s safest cities, no gross receipts tax, and diverse businesses, companies continue to seek out Torrance to thrive.

How does Torrance differentiate itself from others in the region?
Torrance is a full-service city with its own airport, water department, Class 1 Fire and Police Departments, and a regional transit center that will soon include the Metro C Line Extension. Torrance’s business concierge service provides friendly responsive assistance to companies of all sizes and industries by being that single point of contact to shepherd companies through the permitting process, connect businesses to City resources and external agency services, in addition to developing personal relationships with business partners.

How is technology impacting the needs of businesses moving into the area?
With the increased need for access to superior and reliable broadband service, whether to facilitate working from home or transferring large data files at work, Torrance was instrumental in initiating the South Bay Fiber Network, a regional broadband ring connecting all the South Bay cities. Torrance continues to bridge gaps to ensure that all businesses have access to multiple options for faster, better, less expensive internet service.

What type of opportunities exist for businesses looking to relocate or expand into your city (by use type)?
Aerospace and defense, alternative fuel technology, as well as biotech businesses considering Torrance have options for light industrial and flex space with major redevelopment in key locations. With a focus on advanced manufacturing research and development, high growth businesses can capitalize on recruitment and retention of the local skilled workforce. Retailers and restaurants can find space at the world renowned and highly sought-after Del Amo Fashion Center and craft brewers are welcome to join the more than a dozen breweries already taking advantage of the quality water in Torrance!

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