Cerritos, California, September 23, 2025
News Summary
Cerritos officials are prioritizing economic growth with the revival of the Economic Development Commission. The commission will advise the City Council to enhance local businesses. Notable milestones include Golden Star Technology’s 40th anniversary and the opening of the ASCIP headquarters. The city also welcomes new dining options like Chubby Cattle and Tokyo Central/Marukai, further enriching Cerritos’ business landscape.
CERRITOS, CALIFORNIA—In a strong move towards economic revival, Cerritos officials are emphasizing their commitment to strengthening the city’s economy. The recently revived Economic Development Commission will function as an advisory body to the City Council, aimed at fostering favorable conditions for local businesses.
The five-member commission was formally reestablished by ordinance in June 2024 and held its initial meeting earlier this month. Highlights were brought to the public’s attention by Mayor Frank Aurelio Yokoyama in his latest Mayor’s Report where he underscored the necessity of these efforts in bolstering economic growth in the city.
In conjunction with the commission’s revival, Cerritos is celebrating significant economic milestones. Notably, Golden Star Technology, Inc. (GST), a long-standing company in Cerritos, commemorated its 40th anniversary with a grand reopening event on August 27, 2024. Established in Cerritos since 1992, GST unveiled new warehouse space and employee amenities, marking its continued commitment to the community.
On August 28, 2024, city officials participated in a ribbon-cutting ceremony for the new headquarters of the Alliance of Schools for Cooperative Insurance Programs (ASCIP). As a nonprofit, ASCIP provides crucial insurance and risk management services to schools throughout California, further enhancing the business landscape in Cerritos.
The dining scene in Cerritos is also blossoming with new options. Chubby Cattle, a Wagyu barbecue restaurant, recently opened its doors at 11203 183rd St. in Plaza 183. Additionally, a new Tokyo Central/Marukai store is set to open at the former Pacific Sales site in Cerritos Towne Center, a development teased during the mayor’s State of the City address in June.
Cerritos, located in southeastern Los Angeles County, is home to a population of approximately 50,000 residents. Originally incorporated in 1956 as Dairy Valley, the city was renamed in 1967 and is recognized for its strong business climate, award-winning schools, cultural institutions, and green spaces.
The city boasts major community and commercial landmarks, including the Cerritos Center for the Performing Arts and Cerritos Towne Center. Notably, Cerritos has an all-Asian American City Council, representing the city’s diverse demographic makeup. The current administration is dedicated to creating an ecosystem where both established businesses and new ventures can thrive. This strategic push for economic development underlines the city’s ongoing initiatives and commitment to a prosperous future.
Key Features of the Economic Development Initiatives
| Feature | Details |
|---|---|
| Economic Development Commission | Revived in June 2024, serves as an advisory body to the City Council. |
| Golden Star Technology, Inc. | Celebrated 40th anniversary with a grand reopening on August 27, 2024. |
| Alliance of Schools for Cooperative Insurance Programs | New headquarters celebrated on August 28, 2024. |
| New Dining Options | Chubby Cattle opened; Tokyo Central/Marukai set to open soon. |
| Population | Approximately 50,000 residents. |
| City Incorporation | Incorporated in 1956 and renamed in 1967. |
FAQ
What is the Economic Development Commission in Cerritos?
The Economic Development Commission has been revived and serves as an advisory body to the City Council.
When was the Economic Development Commission reestablished?
The five-member commission was formally reestablished by ordinance in June 2024 and reconvened earlier this month.
What businesses were celebrated during the economic milestones in Cerritos?
Golden Star Technology, Inc. celebrated its 40th anniversary with a grand re-opening on August 27, 2024, and the new headquarters of the Alliance of Schools for Cooperative Insurance Programs (ASCIP) was opened on August 28, 2024.
What new dining options have opened in Cerritos?
New dining options include Chubby Cattle, a Wagyu barbecue restaurant, and Tokyo Central/Marukai is set to open in Cerritos Towne Center.
Deeper Dive: News & Info About This Topic
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