FOR IMMEDIATE RELEASE
Media contact: Ruth Ruiz, (714) 765-5060 office, (714) 420-7797 mobile
ANAHEIM, Calif. (June 23, 2014) – In a proactive step to boost the local economy and help local businesses succeed, the Anaheim City Council approved an economic assistance program for existing or new automobile dealerships within the City of Anaheim. This announcement was made at the June 17 City Council meeting.
New car sales are historically a significant contributor to overall sales tax revenue. Additional sales tax revenue helps support city services, as well as adds to or increases those levels of service. Economic assistance programs also encourage job retention, job creation and overall economic growth.
To apply for the program, the qualified dealership will need to provide the City with required information to enable the City to evaluate the applicant, the project, its proposed costs and public benefits. The City Council will then hold a duly noticed public hearing on any recommended participation agreement with the sole authority to approve or deny. This assistance is for the sole purpose of reimbursing qualified automobile dealerships for costs incurred to either expand existing dealerships or to open new automobile dealerships.
For more information regarding the Automobile Dealership Economic Assistance Program, please call the Community and Economic Development Department at (714) 765-4300, x4318.
For more information on the City of Anaheim, please visit www.anaheim.net.
ABOUT ANAHEIM –The City of Anaheim, founded in 1857, is one of the nation’s premier municipalities and is one of California’s most populous cities. Anaheim covers 50 square miles with more than 346,000 residents and more than 2,900 City employees. The municipal corporation’s annual budget is $1.6 billion. Anaheim supports a thriving business community with companies such as Carl Karcher Enterprises, Inc., L-3 Communications, Pacific Sunwear, and Disneyland Resort. Successful sports franchises call Anaheim home, including Angels Baseball, Anaheim Ducks, the U.S. Men’s National Volleyball Team, and the 2012 Olympic Games Silver Medal winning U.S. Women’s National Volleyball Team. Anaheim also boasts world-class meeting and entertainment venues with the Anaheim Convention Center, LEED-certified and the largest on the west coast, Honda Center, City National Grove of Anaheim, Anaheim GardenWalk, and Angel Stadium of Anaheim. In addition, Anaheim embraces its vibrant cultural arts community, including the world-renowned Anaheim Ballet. Annually, Anaheim welcomes millions of visitors to the city, truly making it where the world comes to live, work and play. For more information, please visit www.anaheim.net.