One key ingredient to a quality real estate investment is investing in a pro-business city. A pro-business city will provide incentives to attract and retain businesses, which over time adds value to the entire area.
In November 2015, at the 20th annual Eddy Awards Gala, the Los Angeles County Economic Development Corporation (LAEDC) recognized the City of Palmdale as the “Most Business-Friendly City” in Los Angeles County. The Eddy Award is the equivalent of an Oscar for the most pro-business city.
In November 2015, at the 20th annual Eddy Awards Gala, the Los Angeles County Economic Development Corporation (LAEDC) recognized the City of Palmdale as the “Most Business-Friendly City” in Los Angeles County. The Eddy Award is the equivalent of an Oscar for the most pro-business city.
City of Palmdale accepting their Eddy Award
The two principles cities in the Antelope Valley, Palmdale and Lancaster, are now both Eddy Award recipients. Lancaster, the only city in Los Angeles County to have won two Eddy Awards, won the award in 2007 and 2013. This made Lancaster a back-to-back winner as recipients cannot re-apply for the Eddy Award for 5 years.
The Antelope Valley continues to demonstrate its commitment to growth through the use of business-friendly practices.
Here are just a few reasons why LAEDC presented the 2015 Eddy Award to Palmdale:
The Antelope Valley continues to demonstrate its commitment to growth through the use of business-friendly practices.
Here are just a few reasons why LAEDC presented the 2015 Eddy Award to Palmdale:
Palmdale boasts ample and affordable space, a highly skilled and motivated workforce, incentives, outstanding infrastructure, and a solid transportation plan for the future. The city provides businesses with extremely fast entitlement approval process. The city has implemented a new ProjectDox Program where developers/contractors electronically submit plans for review, comment & approval. Additionally, the City of Palmdale offers Crime Prevention Thru Environmental Design (CPTED) in the design stages of development for businesses. The city does a lot of the little things right too, such as making monthly visits with the Mayor to local businesses, providing personalized service by staff, publicizing and hosting grand openings and celebrations, and building lasting relationships. Maybe that’s why John Novak, President of Patton’s Steel called Palmdale “the most accommodating City we’ve ever worked with.”
These type of achievements by Lancaster and Palmdale are clear indications of growth, which in turn, increases the value of the real estate in the area. You do not have to be a business to benefit from this. Individuals that invest around these areas will HUGELY benefit from this growth and, if invested properly, can secure their financial futures. Learn how to properly position yourself in a quality investment. Join us at our next educational event by clicking here!
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