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GREAT CHANGE REQUIRES BOLD ACTION

Los Angeles has a history of finding solutions for change. It’s a place where people go to start something meaningful and to flourish. As a result, this region’s impact on agriculture, oil, film and entertainment have become far-reaching, and it’s no surprise that Los Angeles has also made its mark on Tech in the Information Age.

Today, technological innovation moves quickly and requires a responsive, specialized workforce. In harmony with Los Angeles’ tradition of solving labor problems at the forefront, BOLD has been created. BOLD stands for business outlook labor demand. It’s a program developed by LAEDC in partnership with the LA City and LA County Workforce Development Boards. Its mission is to continually define industry needs and coordinate the Los Angeles labor force to meet them. These are some of the industries BOLD is engaging right now:

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HOW BOLD WORKS

BOLD is led by a highly trained professional team of seven with a combined total of more than 70 years at the LAEDC providing comprehensive business assistance and consulting services. LAEDC’s staff members have multiple cultural and linguistic abilities, including Spanish, Tagalog, Japanese and Mandarin Chinese. They were chosen for their expertise in, among other things: state and local municipal economic development; workforce development; manufacturing and tax consulting; site selection; data analysis; Fortune 500 relationship management; commercial banking; real estate; education and business attraction, expansion and retention.

The team works directly with leaders in priority industry sectors in order to understand current and future labor needs; determine wage levels for entry- and middle skill-level jobs; and identify training skills gaps and career-ladder opportunities. It also gathers data and referrals from educators and workers and supplies that to employers. Think of BOLD as a means to conduct and deliver information to generate transformative economic growth.

1.Define the educational attainment and paths to required training for the workforce of Los Angeles County.
4.Maintain an in-depth and up-to-date knowledge of distinct industries' trends and challenges.
2.Contact and purposefully engage companies to determine hiring needs, skills gaps, and training opportunities.
5. Staff industry councils to foster personal engagement and comprehensive input.
3.Coordinate intelligence among trainers, job placement experts, and city and county work development boards.
6.Create monthly and annual reports to share data such as: targeted employer outreach; in-demand trends; forecasted hiring needs and skills gap; training referrals; placement referrals, etc.

GET INVOLVED

Los Angeles County has ten million residents and a civilian labor force of over five million.  According to research done by the Los Angeles Economic Development Corporation, 350,000 new non-farm payroll jobs will be added to the Los Angeles region between 2015 and 2020.  BOLD is directing the power of up-to-date industry data and tens of millions of dollars toward tempering the Los Angeles labor force for the cutting edge.  Motivated and trained, this is a force with national and global impact.  Making it here means making it everywhere.

The workforce of a changing world is moving forward in Los Angeles.  Be bold. Contact us now.