City Executes Purchase & Sale Agreement with Singpoli
8/7/2019 6:02:54 PM
Press Release - City Appoints David N. Carmany as City Manager
7/18/2019 4:00:00 PM
Press Release - 2019 Homeless Count Results
6:00 PMSCORE Workshop
Welcome to the Community and Economic Development Division
Comprised of Economic Development, Housing, and the West Covina Successor Agency, The Community and Economic Development (CED) Division, under the City Manager's Office, is dedicated to enhancing the economic base of the City through the elimination of blight, the revitalization of the existing properties, the attraction and retention of businesses, and providing affordable housing for its residents. With the dedicated City Council, and a visionary City Manager, the City of West Covina formed the West Covina CED and has become one of the most respected, aggressive and proactive agencies in California. With highly trained and experienced professionals, the City of West Covina CED believes in a "CAN DO" positive attitude and strives to provide top-quality customer service for businesses and residents. After the elimination of all Redevelopment Agencies by the State in February 2012, the CED under Economic Development continues to work with developers, property owners, and businesses to develop new projects and rehabilitate and/or expand existing developments. These public/private joint ventures may involve the construction of new infrastructure and/or the assemblage of land or alternatives for project financing. A majority of the developments in West Covina, many of which are now integral parts of the Community, are results of successful past projects which include the Plaza West Covina Mall, Eastland Center, Lakes office complex, Wells Fargo Tower, Nogales Medical Offices, West Covina Auto Plaza, Lakes Entertainment Center, The Heights, The Curve and the Big League Dreams Sportsplex.
In pursuing its Economic Development goals, the CED has established West Covina as an attractive City to do business in. Not only is West Covina ideal for its centralized location, convenient freeway access and its thriving business community, but the city also cultivates a highly pro-business government. As a service-oriented "CAN DO" department, the CED is aimed at collaborating with businesses and local property owners to ensure the vitality and growth of the City’s economic base through the promotion and attraction of new businesses and investment to the community as well as assisting existing businesses to expand. The City of West Covina won the Most Business Friendly City, 2011 award.
Housing is a vital component of the CED, aimed at increasing and preserving affordable housing in West Covina. Partnering with housing developers, the CED works towards developing new affordable housing opportunities for residents. CED also monitors and administers the affordability covenants of various affordable housing projects such as Lark Ellen, Promenade, Mauna Loa, Heritage Park, and Senior Villas I and II.
In the aftermath of the elimination of redevelopment, The City of West Covina’s Successor Agency of the West Covina Redevelopment (Successor Agency) was established to unwind the operations of the former redevelopment agency, as dictated under the redevelopment elimination legislation (AB 1x26 and AB 1484).
Benefits of CED efforts go beyond the physical additions of new centers, businesses, and housing opportunities. Over the past years, the CED completed numerous development projects that have attributed to an estimated amount in excess of $266 million dollars in project valuations, provided the City with an estimated amount of over $3.5 million dollars in new sales tax per year and $1.1 million in annual net new property tax increment. This has led to the creation of approximately 3,500 new jobs. Revenues generated from CED’s efforts help pay for essential City services such as Police, Fire, and Parks.
Through collaboration and partnerships with developers, property owners, businesses and the community, the CED will continue to encourage development, rehabilitate deteriorating centers, attract and expand businesses, develop and increase the affordable housing stock within the City.