Implementation of the new 2016-2020 Los Angeles County Strategic Plan for Economic Development.
This Strategic Plan is ambitious, and for good reason. An unprecedented economic transition is underway, and we all need to row together to navigate the changing tide. Together, we, in the broader LA County community, have the “know-how” to make meaningful progress on the seven goals of this plan, improving standards of living for more of our neighbors and resulting in more widely shared prosperity. However, it will clearly require shared responsibility, added capacity and coordinated action by many organizations and individuals, inside and outside of government.
County of Los Angeles is looking at the role of government, and has now identified numerous opportunities to implement elements of the plan, including industry cluster development initiatives, per Goal #2 of the Strategic Plan. Individual departments at County are tackling specific strategies, the County’s Economic Development Policy Committee is meeting regularly, and the Board of Supervisors is making progress with Supervisor Mark Ridley-Thomas now serving as Chair. We can expect 2017 to be an active period for action by the County.
Much more collaboration in the private, nonprofit, and public sector will be needed for an effective implementation, and we hope to have additional information available soon regarding that.
JP Morgan Chase and Morgan Family Foundation were the initial funders of the Strategic Plan, and now LAEDC has been able to secure additional philanthropic, educational, and business funders to add financial resources to implementation, for dedicated resources at LAEDC to facilitate implementation. More information will be available on this in early 2017.
A total of 101 metrics for success have been identified, with special thanks to the USC Capstone team that spent months on this project, and are available in the menu…and the process of refining metrics and collecting data continues. If you have data or metrics available to contribute or can assist in this process, your help is requested at LAEDC. Start with an email to [email protected]. LAEDC, along with designated goal champions and participants, will review and report on the progress made against benchmarks.
Request a Speaker or Webinar
If your organization wants to hear more about the Strategic Plan and its implementation to support the process, LAEDC can coordinate a speaker. Contact [email protected]
Endorse the Strategic Plan and Engage Your Elected Officials
For an effective effort, we need to spread the word about the Strategic Plan. Ask pubic, nonprofit, community, labor, faith-based, education, business or other stakeholders to advance the strategies and tactics developed in support of this vital work. As more people engage, more will be accomplished. Share our links and add your voice!
More details will be coming soon about roles for interested organizations, and how they can contribute to adoption and success of this plan.
During the implementation of the original 2010-2014 Strategic Plan, the LAEDC advanced initiatives in support of its goals. A few quick examples are: