Greetings friends, colleagues and community partners,
On behalf of the Board of Directors of the Pasadena Economic Development Corporation (PEDC), I am pleased to present you with the 2018-2019 Annual Report. The Pasadena Economic Development Corporation takes great pride in our work to positively impact the economic well-being of the Pasadena community. This report details our continued efforts to see our city flourish as we continue moving forward together.
2018 was an incredible year for the City of Pasadena. Throughout the area, our economic development programs and initiatives drove success to create new jobs, attract leading companies, foster innovation, and entrepreneurship, support education, and make great strides towards effective redevelopment and infrastructure challenges that inevitably accompany the region’s prosperity.
In 2018, PEDC partnered with companies to bring an estimated $1.5 billion in new capital investment into the community including roughly 1100 full-time, primary new jobs. In early parts of 2018, we also partnered with highly respected development consulting firm, TIP Strategies to create a 10-year road map to guide Pasadena’s growth and adopted it as our community strategic plan. Having this plan in place has allowed us to have a clear focus on where we need to go and will serve as the roadmap for Pasadena for years to come.
As we move forward, the Pasadena EDC remains focused on supporting existing businesses, promoting new development opportunities and working with our partners to enhance the business climate and improve the quality of life for our residents.
It is a great pleasure to serve you as the Chairman of the Pasadena Economic Development Corporation and I look forward to the many exciting things coming to our city in 2019 and beyond.
Steve Cote, Chairman
Pasadena Economic Development Corporation