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L.A. County Board of Supervisors Acts on Strategic Plan for Economic Development

By January 4, 2016 No Comments

For Immediate Release            

L.A. County Board of Supervisors Acts on 2016-2020 Strategic Plan for Economic Development

County Supervisors instruct CEO to report back on plan for implementation

LOS ANGELES (January 5, 2016) – The Los Angeles County Economic Development Corporation (LAEDC) today announced that its work facilitating the 2016-2020 L.A. County Strategic Plan for Economic Development  took a significant step forward, with the L.A. County Board of Supervisors unanimous adoption of a motion instructing the County CEO’s office, along with numerous County departments, to begin the work of implementing the relevant strategies therein.

As adopted, the County CEO, in collaboration with relevant County departments and agencies will report back in writing within 90 days with the analysis of the Plan and a strategy for implementation, tracking, and reporting on efforts by County agencies, including budgetary planning information to support implementation.  In addition, the Board motion creates a first-ever Economic Development Policy Committee that will advise the County regarding the strategy for implementation.

Public input was critical to the plan’s development.  During 2015, the LAEDC engaged and elicited input from more than 500 stakeholders in 26 public input sessions that brought together leaders from the public, private, business, government, labor, education, environmental, and community-based organizations to build consensus around shared goals and effective strategies.

The plan identifies seven goals, 30 objectives and over 100 strategies vital to improving standards of living for L.A. County’s residents and increasing overall prosperity:

  1. Invest in our people to provide greater opportunity
  2. Strengthen our leading export-oriented industry clusters
  3. Accelerate innovation and entrepreneurship
  4. Be more business-friendly
  5. Remove barriers to critical infrastructure development, financing and delivery
  6. Increase global connectedness
  7. Build more livable communities

 

“The Strategic Plan serves as a blueprint to help our region navigate the unprecedented changes in our economy, as the information age impacts the types of jobs and the job skills required,” said LAEDC CEO Bill Allen. “Through collaborative implementation, we have the opportunity to increase standards of living, and increase opportunity for more widely shared prosperity.”

January 2016 marks the start of implementation for the Strategic Plan.  The next steps will be to identify champions – many of whom will be drawn from participants of the public forums – to guide the action and engagement.  Successful implementation will require shared responsibility and coordinated action by many organizations and individuals, inside and outside of government.

Individuals and organizations interested in learning more about the Strategic Plan and how to support its implementation should visit  www.LACountyStrategicPlan.com

 

About the LAEDC   www.laedc.org

As the Southern California region’s premier economic development organization, the Los Angeles County Economic Development Corporation (LAEDC) provides economic development leadership to promote a globally competitive, prosperous and growing L.A. County economy to improve the health and well-being of our residents and communities and enable those residents to meet their basic human need for a job. We achieve this through objective economic research and analysis, strategic assistance to government and business, and targeted public policy. Our efforts are guided and supported by the expertise and counsel of our business, government and education members and partners. The LAEDC is a private, nonprofit organization established in 1981 under section 501(c) (3).

 

Media contact: Lawren Markle, LAEDC Director of Public Relations and Marketing, [email protected], 213-236-4847

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