Economic Development Commission: August 11, 2026

The City of Cerritos Economic Development Commission held a meeting on August 11, 2026, focusing on several key economic development topics. The commission approved minutes from the previous meeting and selected a new vice chair. A significant portion of the meeting was dedicated to an informational presentation on the Gateway Cities Hub Regional Workforce Development Platform, which is a state-funded online resource aimed at connecting job seekers with training programs in high-growth sectors such as green jobs, allied health, IT, logistics, and local government jobs. The platform emphasizes collaboration among workforce providers and aims to streamline access to training and employment resources. Additionally, the commission received a detailed report on the city's first quarter 2026 sales tax trends and forecasts, highlighting flat overall sales tax revenue with specific growth in restaurant and consumer goods sectors, while auto sales and construction materials showed declines. The report also covered retail recruitment efforts, challenges in filling vacancies, and the impact of economic factors such as tariffs and inflation. Updates on various development projects, including retail, industrial, and residential developments, were provided, along with discussions on leveraging upcoming events like the 2028 Olympics for economic benefit. Commissioners discussed strategies to support local businesses, enhance revenue generation from city events, and maximize economic opportunities from regional and international activities. No specific contract awards or procurement decisions were made during this meeting.