LAEDC was recognized by the California Association for Local Economic Development (CALED) on April 28 at the 2016 CALED Annual Training Conference in South San Francisco with an Award of Merit for its Business Assistance & Development Program: Successfully Attracting, Retaining & Expanding its 200,000th Direct Job.
CALED’s annual Awards of Excellence recognizes outstanding programs, promotions, partnerships, and local government policies that have made significant contributions to the field of economic development.
LAEDC received an Award of Merit in the category of Economic Development Programs for its Business Assistance & Development Program: Successfully Attracting, Retaining & Expanding its 200,000th Direct Job.
The overall economic impact and fiscal contribution of 200,000 jobs saved or attracted into the region is staggering:
- Total jobs directly retained and attracted: 200,030
- Estimated labor income of these direct jobs (includes benefits): $12.3 billion
“The impact of our life-changing work continues to be felt across the neighborhoods and communities in which we serve and save jobs,” said Bill Allen, president and CEO of LAEDC. “We know that persistent joblessness is directly connected to lower well-being for the unemployed individuals, their families, and their communities. At its core, the LAEDC Business Assistance Program was purposely created and continues to this day to alleviate the damaging effects that joblessness has on the wellness of our County’s communities.”
“There are so many outstanding programs being developed in our communities, and it is exciting to recognize efforts that are making an impact in California through CALED’s annual awards program,” said CALED President and CEO Gurbax Sahota.
For more information on LAEDC’s Business Assistance Team, please click here.