Vision & Mission:

Our Vision: A reimagined Los Angeles regional economy – growing, equitable, sustainable, and resilient – that provides a healthy and high standard of living for all.

Our Mission: Reinventing our economy to collaboratively advance growth and prosperity for all.

History:

In 2020, as we entered our 40th anniversary year of service to the people of Los Angeles County, the LAEDC adopted an updated vision statement which now inspires our work: A reimagined Los Angeles regional economy… growing, equitable, sustainable, and resilient – that provides a healthy and high standard of living for all.

LAEDC has enjoyed a successful and beneficial 40-year partnership with the Los Angeles County Board of Supervisors, whose 1981 board motion led to LAEDC’s formation as a 501(c)(3) nonprofit public benefit corporation, with the recognition that such an enterprise could help the County improve economic conditions throughout the region by attracting and leveraging private sector financial and intellectual resources alongside public resources to “help ameliorate conditions of poverty, dependency, chronic unemployment and underemployment, rising community tensions and social and economic disparity in areas of chronic poverty”.

The programs and initiatives employed by the LAEDC have evolved significantly over the decades from initial industry cluster initiatives to support the county’s signature entertainment and manufacturing industries, which included managing the county’s industrial development bond program for a time to today’s much more comprehensive and diverse set of economic and workforce development initiatives.