Long Beach Captures Top Economic Development Award
2009-04-22 · By Editor
The City of Long Beach Enterprise Zone Marketing Program captured the grand prize from the California Association for Local Economic Development (CALED), California’s premier statewide professional economic development organization.
“I’m delighted that CALED recognized the work of our Economic Development and Cultural Affairs Bureau in promoting the Enterprise Zone,” said City Manager Pat West. “This is another example of how the City of Long Beach is one of the most business friendly communities in Southern California, and it shows than in these tough economic times we’re doing everything we can to develop employment opportunities, create a balanced economic base, and generate tax revenue for important city services.”
CALED has more than 500 members, representing cities, counties, state and federal agencies, economic development corporations, and the private sector. The Grand Prize was given during CALED’s annual conference last week.
In addition to the grand prize, Economic Development and Cultural Affairs garnered an Award of Merit from CALED for its “Shop Local, Shop Long Beach” program.
“These are the fourth and fifth awards from CALED in the past three years,” said Robert Swayze, Manager of Economic Development and Cultural Affairs. “We think one reason CALED is recognizing our work is the great cooperative effort we have in Long Beach. Whether it’s the Chamber of Commerce or our business improvement districts or private sector firms, we all work together to improve our local economy.”
The Long Beach Enterprise Zone was redesignated for another 15 years in 2007. The marketing campaign has increased the number of hiring vouchers by 37 percent and the increase represents a potential tax credit value of more than $78 million to Long Beach businesses.
The “Shop Local, Shop Long Beach” campaign alliance included the Bixby Knolls, Belmont Shore, Fourth Street and Downtown Long Beach Associates business improvement districts and the Long Beach Chamber of Commerce.