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Consultant lays out economic development opportunities plan for Santa Fe Springs
Summary
Cosmo Companies consultant Ken Herro presented an economic development opportunities plan stressing the city’s large industrial base, underused retail potential and tools such as EIFDs and transient-occupancy-tax changes to attract hotels and retail; council heard the presentation and staff said the plan is on the agenda for adoption.
Ken Herro, a consultant with Cosmo Companies, told the Santa Fe Springs City Council that the city’s economy has strengths and untapped opportunities that the city can act on. “You have obviously a large industrial base, 50 some odd million square feet,” Herro said, and that daytime population creates demand the city could capture with targeted economic-development tools.
Herro summarized a SWOT analysis and market metrics and pointed to…
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