Economic Development Commission: October 13, 2026

The City of Cerritos Economic Development Commission’s regular meeting on October 13, 2026, featured an informational presentation on the draft Economic Development Strategic Plan (EDSP), prepared by consultant Cosmont Companies after being retained by the City Council. The draft proposes six strategy areas, including business attraction and retention, predictable development processes, management of city real estate, housing and workforce alignment, and destination marketing. It identifies Los Cerritos Center, the Cerritos Town Center, neighborhood shopping centers, the Auto Square, and industrial and business parks as opportunity areas. Cosmont also reported that an enhanced infrastructure financing district (EIFD) analysis, hotel recruitment work, and support for evaluating city properties are underway. Commissioners discussed revenue diversification, hotel and housing opportunities, retail and office-market changes, and possible Olympic-related hospitality and event activity. No EDSP adoption, contract award, or procurement vote occurred; the draft is scheduled for further commission discussion on November 10, with feedback invited in advance. A separate staff report announced a new online permitting and approvals portal, planned to launch October 26, 2026, for community development and public works applications; no vendor or contract amount was stated.

Public comments raised concerns about water and sewer rate impacts on businesses and residents, requested an economic-impact analysis, and noted potential future development opportunities from ABC Unified School District surplus properties. The commission also approved revised prior-meeting minutes by a 4–0 vote. No other spending or procurement approvals were identified.