LOS ANGELES REGION
Founded in 1981, the Los Angeles Economic Development Corporation (LAEDC) was created by the Los Angeles County Board of Supervisors to implement LA County’s economic development program through land development, project financing and marketing activities. During its history, the LAEDC has evolved from being a facilitator of the County’s industrial bond development program to being Southern California’s premier economic development organization.
In 2009, the LAEDC completed the development of Los Angeles County’s first-ever Strategic Plan for Economic Development. They began the development of the Strategic Plan through a very public, year-long, grassroots process that brought together over 1,080 stakeholders from business, government, labor, education, environmental and other community-based organizations to identify and build consensus around a set of economic development priorities to strengthen the economy, improve the environment and promote broader prosperity across all our communities. The result of this very public, consensus-building process was a community-developed plan that identified 12 objectives and 52 strategies to achieve five core aspirational goals critical to achieving their shared vision of ensuring a strong, diverse and sustainable economy for L.A. County’s residents and communities.
For more information on this and other regional practices, download Regional Results: Promising Practices from the California Stewardship Network.