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"El Segundo is the Most Business Friendly City!"

EL SEGUNDO, CA (October 6, 2006) - The Los Angeles Economic Development Corporation (LAEDC) has selected the City of El Segundo as the "Most Business-Friendly City" in Los Angeles County. The small South Bay city of 16,000 residents beat out four other finalists: Burbank, Lancaster, Long Beach and Santa Clarita.

At LAEDC's annual gala on October 5, El Segundo Mayor Kelly McDowell accepted the non-profit organization's first-ever award in this category. Announcement of the city's achievement delighted the large delegation of El Segundo civic and business leaders attending the event at the Century Plaza Hotel in Los Angeles.

"It is a great honor for El Segundo to be the first to receive this prestigious award. LAEDC's recognition is a powerful endorsement of our city's long-standing commitment to its business community," said McDowell. The mayor also pointed out LAEDC's critical contribution to the region's success in keeping Los Angeles Air Force Base in El Segundo during the last base-closure round.

"We offer our businesses an array of incentives to help them succeed," the mayor continued. "But what sets us apart is our firm commitment-by the city itself and by our residents--to be personally accessible, quick to respond and fully aware of what businesses need in order to thrive," he added.

LAEDC established the "Most Business-Friendly City" award in order to recognize and promote the key role of cities as strategic partners with business in powering and sustaining the region's economic engine.

"We want to encourage cities within Los Angeles County to provide the highest level of economic development service for businesses that are thinking of expanding or relocating to our region," said LAEDC president and CEO Bill Allen. "We believe this award will showcase the city that best exemplifies what it means to be business-friendly," Allen explained.

Over a dozen prominent firms and other organizations, including several Fortune 500 companies and the U.S. Air Force, asked LAEDC to select El Segundo for the award. "For decades our city has taken a hands-on approach in partnering with business," McDowell pointed out. "It is no accident that some of the most highly regarded companies in the nation proudly call El Segundo home," he concluded.

Congratulation City of El Segundo!

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