Arcadia launches the new Arcadia Downtown Business Association, with plans to revitalize the downtown district. Matt McSweeney is the association's chairperson and owner of Matt Denny's Ale House Restaurant on East Huntington Drive. City officials will spend about $90,000 on a parking study and about $18,000 in redevelopment funds to get Arcadia Downtown Business Association off the ground. The revitalization plans should work nicely with the slated opening of the Gold Line station at the northwest corner of North First Avenue and East Santa Clara Street by 2014.
Arcadia recognized as "Most Business Friendly" for its mix of a strong local economy, well-known attractions, and responsive city hall workers, at the Eddy Awards, presented by Los Angeles County Economic Development, in the category of city with population less than 68,000. See also Arcadia Weekly, p. 13, November 16, 2017.
Arcadia resident David Tran, the founder of Huy Fong Foods, which makes Sriracha chili hot sauce, was on hand at the first ever Sriracha Festival in Los Angeles. Tran founded the company 33 years ago, after emigrating as a refugee from Vietnam.
Arcadia resident Maggie Campbell, 45, is featured as a business leader. She is President and CEO of the Old Pasadena Management District, working to keep Old Pasadena a vibrant town.
Arcadia's Fresh and Easy (grocery store) market at 133 East Foothill Boulevard to shut down April 3. The chain is closing about 30 stores, including ones in Arcadia, Azusa, and Pasadena.
Arcadia's largest individual sales tax producer, Rusnak Mercedes Benz, announced it wants to move out of Arcadia. It would mean an estimated loss of $800,000 to the City. Having faced expansion roadblocks, Rusnak says the City hasn't been able to deliver the acreage and properties as promised. The announcement came as a shock to City Manager Bill Kelly who knew nothing about it.
Arcadia wants to declare a section of Live oak Avenue and Las Tunas Drive in south Arcadia a redevelopment zone to qualify for county funding. The County says area is not blighted and does not meet qualifications for funding.
At the Arcadia Chamber of Commerce's annual Power Planning Conference on January 24, City of Arcadia's City Manager, Dominic Lazzaretto, provided optimism to the local business community during this time of economic uncertainties. He said 25% of Arcadia's $48 million in annual revenue comes from local businesses--with nearly $10 million from sales taxes and another $2 million-plus from licenses and permits. The City has proposed a new business assistance program ombudsman to help entrepreneurs with the start-up process, is working with Chamber of Commerce to create a more interactive one-stop business checklist, and has not increased the cost of a business permit.
The barbers at Perini's Hair Plus have been providing haircuts, shaves, shampoos and styling for 44 years. Owner Frank Perini, who opened Frank's Barber Shop in 1954, has remained at the same location at 73 E. Foothill Blvd.