Economic Development Commission: June 9, 2026

The City of Cerritos Economic Development Commission held a meeting on June 9, 2026, focusing primarily on economic development and sales tax updates. A key presentation was delivered by Mr. Tom Garrett of the Cerritos Autosquare Dealers Association, highlighting the association's role in managing the auto mall, group advertising efforts, and challenges such as declining vehicle production and competition from online sales. Commissioners discussed the association's full participation model, sales tax implications, and the evolving automotive retail landscape including Tesla's direct sales model. Additionally, staff presented the fourth quarter 2025 sales tax report, noting a 3% decline in receipts amid broader regional pressures but highlighting stability in sectors like casual dining and department stores. The commission also reviewed the city's participation in the 2026 International Council of Shopping Centers conference, which included discussions on hotel development opportunities and business attraction strategies. Throughout the meeting, commissioners emphasized the importance of public-private partnerships, proactive economic development, and strategic marketing to sustain and grow the city's commercial base. No specific contract awards or procurement actions were reported, but the discussions underscored ongoing efforts to support local businesses and attract investment.