Overview

Cerritos officials are reaffirming their dedication to economic growth through the revival of the Economic Development Commission and the promotion of business-friendly policies. Mayor Frank Aurelio Yokoyama has emphasized the importance of these initiatives in his recent report, highlighting the city's efforts to support both established firms and new enterprises.

The Economic Development Commission, reestablished in June and reconvened this month, aims to advise the City Council on the needs of existing businesses while exploring new opportunities for growth. This strategic approach is part of Cerritos' broader goal to strengthen its economic development.

Key details

  • The Economic Development Commission consists of five members and serves as an advisory body to the City Council.
  • Mayor Frank Aurelio Yokoyama has highlighted the commission's role in fostering a business-friendly environment.
  • Golden Star Technology, Inc. celebrated its 40th anniversary with a grand re-opening at its Cerritos headquarters on August 27.
  • Golden Star Technology has been based in Cerritos since 1992 and showcased new warehouse space and employee amenities during its anniversary event.
  • The Alliance of Schools for Cooperative Insurance Programs (ASCIP) held a ribbon-cutting ceremony for its new headquarters on August 28.
  • ASCIP provides insurance and risk management services to schools across California and has been operating since 1980.
  • Chubby Cattle, a Wagyu barbecue restaurant, recently opened in Plaza 183 at 11203 183rd St.
  • Tokyo Central/Marukai is planned for the former Pacific Sales site in the Cerritos Towne Center.
  • Cerritos is home to approximately 50,000 residents and is located in southeastern Los Angeles County.
  • The city was incorporated in 1956 and renamed Cerritos in 1967, transitioning from agricultural land to a suburban hub.
  • Cerritos is recognized for its strong business climate, award-winning schools, and cultural institutions.
  • The city has an all-Asian American City Council, reflecting its demographic profile.

Context

Cerritos has undergone significant transformation from its agricultural roots to a thriving suburban community, becoming a commercial destination known for its diverse dining options and retail establishments. The revival of the Economic Development Commission is seen as a crucial step in maintaining this growth trajectory.

What happens next

As Cerritos continues to implement its business-friendly policies and support local enterprises, the city will likely see further developments in both existing businesses and new ventures, contributing to its economic vitality.

What we don't know yet

Details regarding the specific initiatives and strategies the Economic Development Commission will pursue are not confirmed. Additionally, the timeline for the Tokyo Central/Marukai project is unclear.