In a recent government meeting, city officials presented an updated Economic Action Plan aimed at enhancing economic development in Glendora. This plan, which has not been revised since 2017, is part of the citywide strategic plan for 2023-2025 and includes seven overarching goals, nine objectives, and 37 specific tasks.

The Economic Action Plan was first introduced in 2012 following the dissolution of redevelopment agencies in California. The updated plan emphasizes the importance of fostering a vibrant business community, which is crucial for local job creation and the provision of goods and services. Currently, Glendora boasts approximately 1,000 storefront businesses and 500 home-based enterprises.

Key highlights of the plan include a focus on community partnerships, particularly with the San Gabriel Valley Economic Partnership and the Glendora Chamber of Commerce, which have been instrumental in supporting local businesses. The plan also identifies strategic areas for development, including the Glendora Village and the station area around the incoming A Line station, which is expected to spur investment.

The meeting underscored the need for a financial commitment to support these initiatives, with a request for an additional $1 million in funding for economic development. This funding is anticipated to come from the sale of city property, which is expected to net $4 million. The city generates approximately $21 million annually from sales tax, and the proposed funding represents a reinvestment of about 5% back into economic development efforts.

City officials highlighted the importance of monitoring progress through key performance indicators, such as the number of businesses assisted and the commercial vacancy rate, which currently stands at a healthy 4.4%. The plan aims to maintain this rate while also facilitating new developments.

Overall, the updated Economic Action Plan is positioned as a dynamic strategy to drive economic growth and sustain Glendora's economic vitality, with ongoing updates planned to align with future city strategic plans.