Overview

The City of Cerritos, under the leadership of Mayor Frank Yokoyama, emphasizes its commitment to fostering a welcoming environment for both businesses and visitors. With a variety of attractions and services, the city is focused on economic growth and community engagement.

Recent developments include the opening of new businesses and ongoing initiatives to support the local economy, aligning with the city's strategic goals.

Key details

  • The Cerritos Center for the Performing Arts (CCPA) is a key establishment in the city.
  • The city boasts a well-maintained library and parks system.
  • Cerritos Auto Square and Cerritos Industrial Park contribute significantly to local commerce.
  • New businesses have recently joined the community, including Da Vien coffee and TP Tea.
  • A grand re-opening of 24 Hour Fitness is anticipated soon.
  • Los Cerritos Center is set to welcome five new stores: Alo, Aritzia, Gorjana, Korheim, and Pop Mart.
  • Sales tax revenue constitutes approximately one-third of the city’s total revenues.
  • Over 40% of the General Fund is derived from sales tax revenue.
  • The city is committed to exploring new business opportunities and supporting existing ones.
  • Monthly business spotlights feature long-standing businesses that highlight the advantages of operating in Cerritos.
  • Mayor Yokoyama will address recent business growth during the upcoming State of the City address.
  • The address is scheduled for Tuesday, June 24 at 11:30 a.m. at the CCPA.

Context

The city council's efforts to strengthen economic development are part of a broader strategy to enhance the community's appeal and sustainability, ensuring that Cerritos remains a vibrant place for both residents and businesses.

What happens next

Residents and stakeholders are encouraged to attend the State of the City address, where Mayor Yokoyama will discuss future strategies and partnerships aimed at bolstering the local economy.

What we don't know yet

Details regarding specific future business initiatives and the impact of the new stores at Los Cerritos Center on the local economy have not been confirmed.