Economic Development Services
Economic Development Services
We’re Here to Help Your Business Get The Competitive Edge
Our Economic Development Consultants provide one-on-one, specialized consulting service at no cost to you. After assessing your unique business issues, we’ll propose a package of available incentives, tools and programs to reduce you operating costs and help make your business more competitive.
So whether you’re looking to expand your business, your current lease is expiring, you’re planning a move to Southern California, or have considered leaving California, talk to us first!
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So whether you’re looking to expand your business, your current lease is expiring, or will be planning a move to Southern California, talk to us first!
Please contact us at 626-812-7351 or at 626-815-7284 or you can email us at any time.
Our Customers’ Success Stories
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Huy Fong Foods
Huy Fong Foods is food manufacturer known for the production of their very popular Sriracha Hot Chili Sauce. The company began in California in 1980 and in 1986 expanded to Rosemead, California. In 2012, the company expanded into their large production and distribution facility Irwindale, CA. Huy Fong Foods distributes their line of sauces around the world.
“We thought Edison only worked with electricity and were not aware of the other services available from their Economic Development Department.”
– Donna Lam, Executive Operations Officer at Huy Fong Foods in Irwindale, CA.
Problem: In 2013, we met with Donna Lam and David Tran, CEO and Founder of Huy Fong Foods. The company was dealing with permitting challenges which affected their ability to do business in California. These challenges forced the company to consider options, including the relocation of their business to another state.
Solution: Our Economic Development Services group worked with them to develop an Economic Impact Analysis report that showed the value of having a company like Huy Fong Foods in California. This targeted analysis provided a forecast in terms of job growth, tax revenue, and economic impacts at the city, county, and state level and was presented to the city as valuable information supporting the economic output potential of Huy Fong Foods. We also provided a detailed rate analysis showing Huy Fong Foods their multiple energy rate options.
Result: We were one of many partners who worked together with Huy Fong Foods to keep their business here in California and retain over 150 jobs. The company was able to supply the city with the Economic Impact Analysis and work closely with city officials to resolve the permitting challenges. Additionally, the detailed rate analysis helped identify a new Time of Use rate which will provide an annual savings of over $100,000.