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the World Bank “Foreign firms might not create as many jobs as the domestic private sector, but they often create better-paid jobs that require higher skills. That helps elevate the skills level in host economies. The same can be said for other FDI benefits. For instance, more advanced technologies and managerial or marketing practices can be introduced in a developing economy through foreign investment, and at a much faster rate than would be the case if only domestic investment were allowed.” In 2021, foreign-owned enterprises provide 196,820 jobs and $ 17,953 million in estimated wages in Los
Angeles County.
27:. Its mission is “Reinventing our economy to collaboratively advance growth and prosperity for all.” The LAEDC was originally formed to facilitate Los Angeles County's economy with programs to improve and stimulate economic development to ameliorate conditions of poverty, community tensions, and social and economic disparities.
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LAEDC’s work in five of the many export-oriented LA industries includes council convenings, new market access, VC and procurement match-making, policy development, and talent pipeline development. In addition to helping these industries grow, LAEDC’s industry council convenings also help underserved
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The World Trade Center Los
Angeles (a subsidiary of LAEDC) connects innovative companies in key, emerging industries and helps facilitate foreign direct investment (FDI). The World Trade Center Los Angeles was the first World Trade Center to be designated a public-benefit organization. According to
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colleges, that integrates LAEDC’s research, industry cluster work, business assistance and intelligence as the locus of strategic, programmatic, public policy, and transactional activities to strengthen the Los
Angeles Region’s talent development ecosystem and meet \ changing labor market demands.
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LAEDC’s workforce development program exists to create economic mobility and equity, support the talent needs of business, and align education with evolving industry trends. The LAEDC workforce development includes the Center for a
Competitive Workforce partnership with the region’s 19 community
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This division of the LAEDC conducts notable and widely quoted economic and industry research published for the public. The
Institute for Applied Economics and the now-defunct Kyser Center for Economic Research provides fee-based consulting services to a wide range of clients, detailing economic
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The
Institute’s reports provide decision makers with critical information from which to make informed decisions. In addition to providing on-demand research per client requirements, the Institute also conducts foundational research to ensure LAEDC’s many programs for economic development are on
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Since then, the organization has grown to encompass a wide range of services, using a broad-based coalition of community, government, business and education partners. LAEDC holds workshops, town halls, conferences, economic forecasts and other professional events throughout the year in various
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LAEDC convenes industry leaders to learn about future market trends, technology advances, and hear what industry participants need. LAEDC uses that analysis to advance connections, programs, and policies to increase business growth and hiring here in
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impact of development, business operations, and regulation, as well as providing intelligence about specific industry clusters, labor force, and workforce development issues. It focuses on the Los
Angeles region, California, and national economies.
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target, including the company’s collaboration with workforce investment boards, its award-winning business assistance program, and its work on the L.A. County
Strategic Plan for Economic Development and its cluster development initiatives.
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LAEDC’s
Business Assistance Program team (BAP) offers confidential, free-of-charge consulting to large and small businesses and microenterprises, domestic and international businesses across all industry sectors and business types.
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locations throughout the Los
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The LAEDC is a founding member of Clean Tech Los Angeles, which in October 2011 founded the LA Cleantech Incubator.
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LAEDC was the lead applicant for the U.S. Economic Development Administrations Build Back Better program.
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LAEDC partnered with 19 regional community colleges to fund the Center for Competitive Workforce.
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LAEDC is the convener and facilitator of the California Community Economic Resiliency Fund
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communities find opportunity in these well-paying industries to improve equity.
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The LAEDC is a founding board member of the Southern California Leadership Council.
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Assistance with tax credits and incentives for businesses in California
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LAEDC -along with UNITE-LA – are the convener of LA DEAL the
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282:: L.A.'s Unspoken Rule: Positively No Pessimists Allowed
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Economic development organizations in the United States
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290:: Ports Hope Holidays Ring In a Prosperous New Year
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Los Angeles County Economic Development Corporation
125:Digital Media & Entertainment (DME) Council.
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116:e4 Mobility Alliance for advanced transportation
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163:Assistance accessing procurement opportunities
166:Business attraction, retention and expansion
266:: Forecast Sees Jobless Recovery Continuing
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25:Los Angeles County Board of Supervisors
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38:The Institute for Applied Economics
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145:Assistance with cost containment
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172:Business Resilience Resources
151:Marketing strategy consulting
122:Blue and Green Goods Movement
264:Los Angeles Business Journal
130:Business assistance services
51:Industry Cluster Development
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305:Economy of Los Angeles
160:Utility rate reduction
119:the Bioscience Council
186:Workforce Development
72:Aerospace and Defense
139:Strategic consulting
288:Wall Street Journal
93:Fashion and Apparel
81:Trade and Logistics
198:Recent initiatives
102:Food Manufacturing
142:Access to capital
108:Industry Councils
67:Industry Clusters
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258:laedc.org
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