What We Do
LAEDC supports multiple programs to implement data-driven and evidence-based approach to economic development as we endeavor to achieve a reimagined regional economy – growing, equitable, sustainable, and resilient – that provides a healthy and high standard of living for all.
BUSINESS ASSISTANCE PROGRAM IN 2021 BY THE NUMBERS
- 810 direct jobs retained, attracted, and expanded with an additional 4,223 indirect and induced jobs retained, the program supported 10,033 jobs in total
- Conducted 2,552 one-on-one business needs assessments with at-risk businesses
- Developed 1,695 customized strategy blueprints based on business needs & challenges
- Provided 793 customized services based on business needs & challenges
- Averted 5,810 employee layoffs in the region through various Layoff Aversion Contracts
- Referred 819 at-risk businesses to America’s Job Centers of California (AJCCs)/BusinessSource Centers for additional services
- Conducted 17 business resources webinars that reached over 250 businesses in L.A. County. Attendees of the business resources meetings and BAP services received over $700,000 in funding just from the California Relief Grant Program.
Our programs include:
- Research through our Institute for Applied Economics
- Business Assistance Program to provide business with resource to grow.
- Financing Assistance
- Permit/Plan-Check Assistance
- Energy Efficiencies
- Cost Savings/Business Development
- COVID 19 Resources
- Workforce Development
- Industry Cluster Development
- Project Stewardship for equity programs, e.g. LA Deal
- Policy Analysis
- Convenings with events and meetings with collaborative partners
- World Trade Center Los Angeles to attract foreign direct investment to Los Angeles
LAEDC Institute for Applied Economics
Focused on the LA region’s complex economy, the LAEDC’s Institute for Applied Economics provides the detailed, objective analysis that informs decisions. In addition to studying economic issues in collaboration with client projects, the Institute’s briefings and reports serve the public, in keeping with our nonprofit mission to collaboratively advance opportunity and prosperity for all.
Economic development programs work best when we all share trusted data about jobs, industries, demographics, infrastructure and more. The Institute couples that with multi-year outlooks on specific industries, occupations, and opportunities for the regional economy. The Institute helps you consider legislation, talent development, job creation, and actions to grow equitable conditions for all.
World Trade Center Los Angeles (WTCLA)
The World Trade Center Los Angeles (WTCLA), an affiliate of LAEDC, is Los Angeles County’s leading promoter and facilitator of global connections and inbound foreign direct investment. WTCLA has led or assisted in attracting more than $1 billion of foreign investment into Los Angeles County.
WTCLA is a not-for-profit public benefit organization dedicated to attracting foreign direct investment to the Los Angeles region and facilitating business opportunities between Los Angeles and international companies. In support of its mission and goals, the WTCLA provides Foreign Direct Investment (FDI) Attraction Services by assisting international companies seeking to locate or expand their business operations in the Los Angeles region.