The City Council in the region of Glendora has approved an economic development plan which totals approximately $120,000 dollars.
The development plan will help to retain and increase more business to the area of Glendora.
The majority of the funding is coming from the General Reserves and ultimately aims to:
- Increase the amount of collaboration between many businesses and government entities
- Create more Jobs
- Increase the tax base
A city council meeting was held in which the leaders voted on the economic development plan and the local Mayor did not vote because an affiliation with some of the businesses.
The region of Glendora had a void as the Redevelopment Agency was lost as many businesses could not be attracted to Glendora. The City Manager of Glendora whose name is Chris Jeffers elaborates on how a strategic plan was developed so that a vision and a purpose can be strengthened in the commercial sector. The City Manager also stated that the loss of the Redevelopment Agency resulted in the reduction of many financial resources which ultimately negatively affected the amount of businesses that were attracted. The economic development plan will result in improving the economy in Glendora while also maintaining a business environment that is healthy. The commercial sector is very healthy according to Chris Jeffers and he hopes that the normal flow of business can continue.
The vacancy rate in Glendora is also set at 2 percent for many of the commercial buildings which means that more business is flowing in the region. The economic plan is considered to be “multi-prong” as their will be a detailed support system for many of the property owners and the local businesses. Participation from the Chamber of Commerce and the Business Improvement District will also be needed.
Overall, the development plan is going to be beneficial for the entire area of Glendora.