As president and Chief Operating Officer (COO) of LAEDC, David Flaks leverages and brings together the capabilities of the LAEDC’s mission-delivery department areas, including: Business Assistance and Industry Cluster Development; Public Landowners Assistance; Institute for Applied Economics; Kyser Center for Economic Research; Communications & Marketing; Center for Innovation; and Public Policy, into a single powerful and collaborative force to deliver the LAEDC’s critically important mission. The new re-alignment represents the integration of expert economic research and applied analysis teams with a highly effective “idea to export” capacity building program, focusing on the L.A. region’s key traded industry clusters, along with the public policy, advocacy and message delivery systems that will continue to promote strategies that help improve standards of living by increasing overall economic prosperity and shared income growth in L.A. County, Southern California and throughout the entire state. Mr. Flaks was promoted to LAEDC president and COO in November, 2015, after serving as LAEDC COO since August of 2011.
Prior to that, Mr. Flaks held the position of LAEDC Senior Vice President (SVP) of Strategic Initiatives where he oversaw the public policy, economic and policy analysis, and communications and marketing competencies that supported the implementation of the first-ever, consensus Strategic Plan for Economic Development in L.A. County (2010-2014). As SVP, Mr. Flaks influenced and helped shape legislation and policies on a number of key economic development issues, ranging from infrastructure delivery and workforce development to sustainable land use policies and regulatory reform, in the furtherance of the LAEDC’s public benefit mandate. He joined the LAEDC in 2007.
Prior to the LAEDC, Mr. Flaks served as the Communications Director for the Democratic nominee in a high-profile, DCCC “Red to Blue” United States Congressional race in Arizona. Previously, he served as President of David Flaks Capital, a DC-based financial advisory services firm, which served as the lead financial adviser on and helped arrange for the placement of more than $102 million worth of equity and debt securities for medical technology companies. Mr. Flaks was also a partner at Ten Peaks Capital (TPC), a Bay Area-based private consulting firm that provided corporate partnering, IR and financial advisory services for life sciences companies. At TPC, Mr. Flaks counseled senior management on communications and investor relations strategies, advised clients during negotiations on a number of corporate partnering fronts, and helped personally arrange for the placement of millions of dollars worth of equity securities privately for development-stage biotechnology firms.
Additionally, Mr. Flaks has also held positions with the corporate law departments at large law firms in New York and Miami, managing the legal side of debt and equity financing under Regulation D, and initial and secondary public offerings, as well as holding positions with the SEC and the New York State Attorney General.
He graduated with Distinction in the top 10% of his class from the University of Wisconsin with a B.S. in Philosophy, received his J.D. from American University, Cum Laude, and graduated as Valedictorian from the George Washington University with a M.A. in Political Management.