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Business Development Strategy
Based on the concept of showing the City's strengths to people outside of the area, efforts are underway to establish policies which would promote quality commercial development, economic vitality, community safety and spur private sector investment. The City's mission statement says it all. "Our mission is to strengthen and enhance the quality of life in Norwalk."
These policies have lead to an investment of over $200 million dollars in architecturally improved public buildings, major improvements to city streets and highways, and the creation of higher development standards. Norwalk's efforts have turned the tide of public opinion, and more importantly investor confidence, in the area. In Norwalk, residents give high marks to the work the City is doing to improve shopping opportunities, upgrade public facilities, promote public art, enhance transportation and provide a safe environment. An overwhelming 81% of Norwalk residents stated, when surveyed, they are very satisfied with the City's efforts. These development efforts focus on the future of our thriving community!
Norwalk's central location within the thriving Southern California market area provides convenient access for shoppers and easy commuting for employees. Land prices and building lease rates offer greater affordability when compared to surrounding business areas.
The City of Norwalk has a successful record of working in partnership with the private sector to assist new or expanding businesses. We are committed to providing expanding companies with business development incentives, which are custom-designed to meet the needs of industry. The City of Norwalk offers a variety of services for the business owner, developer or prospective business owners. The types of available incentives include:
- Successor Agency for Redevelopment Assistance
- Priority processing of Building Permits
- Expedited Plan Checks (10 Days)
- Financial Assistance through local financial institutions and Small Business Administration (SBA) programs.
- Development Review Team to answer Planning, Building and Engineering questions at any stage of the development process.
