Central Los Angeles : State Gives $500,000 to City for Business Growth, Jobs
The city of Vernon received a $500,000 grant from the state this week to bolster economic growth and job creation.
The grant from the California Community Economic Enterprise Fund was awarded by the Department of Housing and Community Development to 23 cities in the state, with Vernon being the only city in Los Angeles County to receive money.
According to city and state officials, the $500,000 will be used to help businesses expand or attract others to the city.
The money will be spent on street improvements, such as building new catch basins and moving utilities, said Kevin Wilson, director of community services, so that streets around businesses will meet their needs and be brought up to code.
In return, the businesses must provide one new job for every $20,000 given to them from the grant, Wilson said, and the contractors hired to do the jobs have to pay their workers prevailing union wages.
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