Glendale Receives Two Economic Development Awards
For Immediate Release
April 17, 2019
Jennifer Hiramoto, Deputy Director of Community Development
City of Glendale Receives Two Economic Development Awards
GLENDALE, CA: The City of Glendale was honored with two Merit Awards for excellence in the categories of Economic Development Collaboration and Economic Development Gamechanger by the California Association of Local Economic Development (CALED). The awards were presented at CALED’s 39th Annual Training Conference in Anaheim, California.
CALED is the premier statewide professional economic development organization dedicated to advancing its members’ ability to achieve excellence in delivering economic development services to their communities and business clients. Their membership consists of public and private organizations and individuals involved in economic development: the business of creating and retaining jobs.
The two awards are:
1) The Award of Merit in the category of Economic Development Collaboration recognized Meet the Funders and Pitchfest for their exemplary spirit of collaboration between the public and private sector. Pitchfest and Meet the Funders are featured events at the City’s annual Glendale Tech Week geared toward helping local businesses to grow and pivot when necessary. During Pitchfest, pre-selected startups, competing for a $60,000 prize package, present their ideas and products in front of a live audience and a panel of judges made up of entrepreneurs, angel investors and VC funders. Meet the Funders is a speed-networking event in which participants meet angel investors, venture capitalists and lenders to discuss fundraising strategies in a one-on-one setting.
2) The Award of Merit in the category of Economic Development Gamechanger recognized the City’s Arts and Entertainment District as an impactful economic development project that proved to be transformational to the community and local economy. Art and culture venues are increasingly used in conjunction with economic development programs to encourage the concentration of arts, cultural and entertainment venues and associated dining and retail uses in specific areas. With this understanding, in recent years, the Glendale City Council has introduced ordinances to amend Glendale’s Downtown Specific Plan and Municipal code, and approved economic development incentives to facilitate and promote the city’s Arts and Entertainment District. The Glendale Economic Development Division leveraged financing tools as well as partnerships with local nonprofits, other city departments, and private developers to nurture strategic establishments in its A & E District.
Glendale, known as the “Jewel City,” is one of the largest cities in Los Angeles County. With a population of over 200,000, Glendale is a thriving cosmopolitan city that is rich in history, culturally diverse, and offers limitless opportunities. It is home to a vibrant business community, with major companies in healthcare, technology, entertainment, manufacturing, retail and banking.