One area of focus for the Lynwood City Council in 2020 is economic development. The Council and your staff are looking for ways to improve the business climate, attract new businesses and increase vitality in our city as we lay the foundation for future.
Why would we do that?
A better and more diverse business community can increase prosperity for the city and our residents. It can mean more and better paying jobs in Lynwood which provides opportunity for our families and can serve to keep more of our young people here contributing to our city for years to come.
This emphasis on economic development comes at a good time—the city is in much better financial shape than it has been in recent years and the residents showed their commitment to improving Lynwood when they passed Measure PS in November which will keep more sales tax revenue in Lynwood.
Lynwood has a high percentage of home ownership and our schools are innovative —and the area economy has been very good.
One challenge is the lack of a Lynwood Chamber of Commerce. The city may look into some other options to help develop entities that can attract funding that can be used to promote our city.
Also, we believe that the Atlantic Ave. Corridor is an area that can be use some attention and be developed to attract new businesses to our city. We will be asking for a specific plan and report on Atlantic Avenue by the end of 2020.
We will keep you apprised of our progress.