Understanding the dynamic L.A. economy
The LAEDC offers a variety of services designed to support our mission. We engage with businesses, schools and universities, elected officials and their staffs, workforce development partners and many organizations and partners working to advance economic vitality in the region.
Research and analysis is a foundation for what we do, led by our two research centers which study where the jobs are today and forecast where they will be tomorrow. We assess the global economy relative to L.A. County, examine employment trends, and provide timely economic reports to decision-makers.
Helping companies grow and create jobs
With local industry sector expertise and deep connections in L.A.’s communities, the LAEDC provides services to small businesses and large corporations at no cost. As we assist businesses locate, remain and grow in L.A. County, we help grow jobs for our region. These are just a few ways we help businesses:
Free business services to create and retain jobs
Since 1996, our award-winning Business Assistance Program has assisted in creating and retaining over 200,000 jobs in L.A. County. Through this free, confidential program, businesses receive help in site selection; accessing capital, identifying incentives and workforce training funds; streamlining the permitting process; reducing costs and implementing best practices in hiring, manufacturing, and more.
Expanding to global markets and attracting foreign investment
Our subsidiary, the World Trade Center Los Angeles, combines public and private resources to help L.A. businesses expand into international markets and promotes L.A. County as a destination for foreign investment, to attract capital and development projects to the region–enhancing the region’s economy, employment, and business opportunities for local firms.
Helping decision-makers encourage job growth
Our Public Policy team helps decision-makers understand which incentives, legislation, and programs will grow quality jobs in L.A. County while balancing our goals of social and environmental stewardship. We spearhead collaborative initiatives such as SoCal Aerospace Council, which protects and promotes our regional aerospace and defense industry cluster, and e4 Mobility Alliance which supports our emerging advanced transportation industries. The LAEDC policy team tackles pressing issues, including industrial land preservation, job-creating incentives, and regulatory and tax relief.
Charting a course of future prosperity
To create lasting prosperity, we bring together our region’s diverse leaders and civic stewards to plan, collaborate, and innovate.
Building consensus on the region’s growth strategy
The LAEDC led the development of the consensus-driven Strategic Plan for Economic Development in L.A. County. Learn more about how you can help implement its goals at www.LACountyStrategicPlan.com
Transforming the skills of our workforce
By bringing together leaders from business, education, workforce development, our cities and the county, LAEDC has helped change the way local businesses, schools and workforce investment boards work together to align education priorities with the job skills most in-demand in our region’s growing industry clusters.
Nurturing L.A’s innovation economy
Innovate Los Angeles (inLA) is a private-sector initiative bringing together leaders of L.A.’s innovation, technology and creative communities to accelerate and promote robust innovation, startups, entrepreneurs, and the immense innovation ecosystem already happening here. We produce, with your help, the annual week in October showcasing regional innovation, Innovate LA. In addition, through LAEDC’s partnership with USC, UCLA and UC Irvine, the LAEDC coordinates Blackstone LaunchPad, a $3.5 million grant to foster entrepreneurship in Southern California students as part of a national model for higher education.
Activating underutilized public land
Our Activate LA works with government partners — L.A. County and its 88 cities — to activate underutilized public land to create jobs and tax revenue. Real estate and financing solutions are developed for the public sector, nonprofits and philanthropic institutions. The program enables successful public-private partnerships that accomplish the dual goals of maximizing the value of publicly-owned land while building sustainable communities.