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Paramount staff outline economic development gains, Boost grants and propose $15,000 Open Rewards pilot to boost local spending
Summary
City economic development staff reported outreach successes (CoStar subscription, ICSC attendance), awarded Paramount Boost marketing grants to nine businesses and proposed a $15,000 Open Rewards cashback pilot (up to $10,000 reward pool) to incentivize shopping local.
City staff presented a six‑month economic development update at the Nov. 18 council meeting highlighting business outreach, small‑business supports and a proposed local rewards pilot.
Assistant City Manager (as introduced in the transcript) and management analyst Andres Gonzalez described recent activity: attending the ICSC retail conference and meeting 15–20 national retailers; subscribing to CoStar commercial listings to track property availability and ownership; and conducting a community…
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