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Economic Development
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Atlantic/Garvey Hotel--one of three new hotel developments in the City. Tourism demand is at a post-recession high!
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The new Courtyard by Marriott Hotel in Monterey Park.
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East LA College serves as both the higher education center and top employer in Monterey Park.
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Shoppers at Atlantic Times Square. Sales tax revenue is the second largest source of revenue for the City.
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Monterey Park prides itself on its local parks and amenities.
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The Monterey Park Market Place will be a large commercial center just off the 60 freeway.
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The historic Spanish-style Jardin del Encanto (El Encanto) in Monterey Park dates back to the 1920s.
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Care 1st Health Plan is Monterey Park's third largest employer.
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Joseph Torres
Economic Development ManagerPhone: 626-307-1314
City of Monterey Park COVID-19 Restaurant Delivery Assistance Program
Restaurants get up to $1,000 of food delivery service cost for FREE!
The City of Monterey Park will reimburse up to $1,000 dollars of your restaurant’s food delivery and pick-up costs from January 1, 2021 through February 28, 2021 through any of the four online delivery companies shown below. Restaurants must be located in Monterey Park and enrolled in the program.
PROGRAM GRANT
- The Program will reimburse up to $1,000.00 of the participating restaurant’s delivery service rendered during the period of January 1, 2021 to February 28, 2021 with the following four online delivery companies ONLY:
1. Chowbus 2. Doordash Storefront 3. Fantuan Delivery 4. Hungry Panda - On or before March 15, 2021, participating restaurants must submit proof of payment of DoorDash Storefront, Fantuan Delivery, Chowbus, and/or Hungry Panda (receipts, billing statements, invoice, etc.) to the City of Monterey Park, Economic Development Department.
PROGRAM ELIGIBILITY
- The business must have at least one employee on current payroll that is not an owner.
- Restaurants must have no more than 5 full-time equivalent employees. The City will determine the number of FT equivalent employees.
- Restaurants with more than 5 full-time employees do not qualify for reimbursement but may still apply to take advantage of the special rates offered by Chowbus, DoorDash Storefront, Fantuan Delivery, and Hungry Panda simply by completing and submitting an application form. No other forms are needed.
- At least 51% of all employees on current payroll must be low and moderate income (LMI employee).
- The business must keep at least one LMI employee for a minimum of six months from the date of the reimbursement to the business (date of City reimbursement check).
- Along with this application, the following forms mustbe submitted upon enrollment:
- Employer's California EDD Form DE 9 for quarter period ending December 31, 2020.
- List of all owners.
- List of all employees currently on payroll.
- Payroll register for all employees showing each employee's hourly rate and weekly hours worked for month of December 2020.
- City of Monterey Park Employee Self-Certification of Income completed by all employees on payroll (form here).
- The business must obtain a D-U-N-S number. If you do not have a D-U-N-S number, please apply here and attach proof of application.
To submit your completed enrollment application: Print, sign, and email all the required forms to EconDev@montereypark.ca.gov
APPLY NOW |
Please note: Monterey Park Restaurants with more than 5 full-time employees do not qualify for reimbursement but may still apply to take advantage of the special rates offered by DoorDash Storefront, Fantuan Delivery, Chowbus and Hungry Panda simply by completing and submitting an application form. No other forms are needed.
LA County Businesses to Receive up to $25,000 Relief Grants
Eligible business applicants will receive between $5,000 and $25,000 depending on the size of the business. First round of applications opens today at 9:00 a.m. Monday, December 14, 2020, and closes on Sunday, December 20, 2020, at 11:59 p.m.
The Wurwand Foundation and FOUND/LA are launching the FOUND/LA Small Business Recovery Fund in partnership with Pacific Community Ventures and TMC Community Capital, a grant program to help protect small businesses across Los Angeles County.
The grant program’s objective is to support local entrepreneurs that create the spaces that make our neighborhoods feel like home.
FOUND/LA is an initiative of the Wurwand Foundation, which offers funding, mentorship, and educational resources for all types of businesses.
Round 2:
- Application window opens Monday, January 11, 2021 at 9:00am
- Application window closes Sunday, January 17, 2021 at 11:59pm
- Winners selected on Monday, January 18, 2021
To apply or for more information, please visit: www.foundla.org/covid-recovery-fund-for-small-businesses/
For questions, email to hello@foundla.org
Webinar: Access to Business Funding During COVID-19
Thank you for attending the City of Monterey Park “Access to Business Funding During COVID-19” webinar, October 14. We hope our virtual gathering provided you and your business with useful and practical information.
Below are the links to the presentation slides. If you have additional questions for our panelists, please email EconDev@montereypark.ca.gov.
LA COVID Recovery Fund Business Grants
Monterey Park Small Business Assistance Programs
All the information regarding the SBA programs can be found on https://www.sba.gov/.
For SBA Funding program specifics, please visit https://www.sba.gov/funding-programs.
Additionally, local free resource partner information including Small Business Development Centers, Women Business Centers, and other local assistance resources can be found on https://www.sba.gov/local-assistance.
We hope to see you at our next webinar.
Dine Outdoor Monterey Park
Support Monterey Park's local restaurants and eateries open for Outdoor Dining during COVID-19.
Contact locations for Outdoor Dining Hours.
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NEW - Temporary Outdoor Dining Permit Program to Help Increase Business
Outdoor dining helps restaurants increase patronage while also adhering to Health Order requirements.
To assist restaurants’ transition to outdoor dining, effective immediately the City of Monterey Park is facilitating and accelerating a new Temporary Outdoor Dining Permit program, as part of the City’s Business Recovery Program, to allow expanded outdoor dining for restaurants citywide. To help restaurants in Monterey Park get back on their feet after the Coronavirus-induced shutdown, the City has waived its fee for outdoor dining and substantially shortened the processing time for application. Restaurants can now obtain a Temporary Outdoor Dining Permit to use public right-of-ways including, for example, sidewalks and public parking lots in as little as two to three business days.
Restaurants may also use private property, such as parking lots, for outdoor dining. The same application for outdoor dining on sidewalks and public parking spaces applies to the use of private property.
Quick Links
For more information about the permit process/application, please contact:
Michael Encinas, Acting Economic Development Specialist
Phone: 626-307-1385
Email: EconDev@montereypark.ca.gov
What We Do
The Economic Development Division serves several functions. In keeping with our responsibility to market the City and attract, assist, and retain businesses, we :
- help business owners navigate the business creation process,
- conduct outreach within the business community to identify the needs and concerns of local business owners,
- identify and create programs to assist local businesses,
- locate underused commercial properties and work with owners and leasing agents to help them find the right tenants,
- market and promote the City at networking events like the International Council of Shopping Centers conference to attract high-profile tenants,
- manage the lease and sale of City-owned properties, and
- act as liaison to the Business Improvement District.
Who We Are
The Economic Development Division stimulates economic activity by creating and administering programs designed to support local businesses, develop quality commercial corridors, provide affordable housing, supply community services, and enhance neighborhoods.
For questions regarding business assistance or site location please contact Michael Encinas, our Acting Economic Development Specialist.
Phone: 626-307-1385
Strategic Location
Three major freeways (the 10, 710, and 60) give Monterey Park excellent access to the rest of LA County. Its central location provides the foundation for tourism and commerce within the City.
City Hall is:
- 8.5 miles from Union Station in LA
- 25.6 miles from LAX
- 26.2 miles from the Port of Long Beach
- 21.5 miles from Burbank Airport