LA County's Most Business-Friendly Communities

The Los Angeles County Economic Development Corp. selected five finalists for its new award category -- "Most Business-Friendly City." El Segundo shares the spotlight with Burbank, Lancaster, Long Beach and Santa Clarita. A panel of judges selected them from among the 88 cities in the county.

In addition, the economic development agency honored Torrance-based Toyota for its corporate leadership in helping to improve the quality of life in the region by supporting primary and secondary education.

El Segundo, the LAEDC pointed out, now has one business for every three residents. And the city is able to process business licenses in less than 24 hours. The agency also lauded El Segundo for having more Fortune 500 companies per capita than any other city in the county and for its low utility and transient occupancy taxes.

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