Monrovia Should Recover 'Sooner than Most'

In his weekly report, Monrovia City Manager Scott Ochoa reports that at a meeting with Monrovia business leaders, Dr. Nancy Sidhu, Chief Economist of the Los Angeles Economic Development Corporation, said the recession is easing, but "housing, construction and government employment were still significant drags on the recovery."

Ochoa added: "Given the increase in activity we have seen in Monrovia - the relative lack of commercial vacancies in our office buildings, the steady business among our restaurants and retailers and the stabilization of the housing market - I believe that we are indeed emerging from recession. What's more, I believe our economic diversity will bring us back sooner than most and stronger than most."

Source: http://goo.gl/mlbFS

- Brad Haugaard