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THE WORK WE DO:

The LAEDC Impact: Driving a Thriving and Equitable Regional Economy

The Los Angeles County Economic Development Corporation (LAEDC) is committed to fostering a regional economy that is growing, equitable, sustainable, and resilient. We measure our success not just in numbers, but in the tangible, positive changes we help create for the businesses, communities, and residents of Los Angeles County. Our data-driven and evidence-based approach, guided by our five strategic pillars, ensures that our efforts translate into meaningful and lasting impact.

Our Impact by the Numbers

Our work across Los Angeles County has yielded significant, measurable results. The following table provides a snapshot of our recent achievements:

Metric

Impact

Businesses Supported

Over 1,100 companies assisted annually

Jobs Retained

3,270 jobs retained through direct intervention

Youth Engaged

720 young people engaged in technology and entrepreneurship programs

Foreign-Owned Enterprise Employment

814,102 jobs supported by foreign-owned enterprises in California, an increase of 14,018 from the previous year

VIEW OUR 2024-25 ANNUAL REPORT

Fueling Industry Growth and Competitiveness

At the core of our impact is our focus on Industry Cluster Development. By concentrating our efforts on key sectors with high-growth potential, we help Los Angeles’ leading industries to thrive and expand. Our specialized teams work to support businesses in critical clusters, including:

  • Aerospace, Defense & Space Commercialization
  • Biosciences
  • Energy
  • Entertainment
  • Healthcare
  • Sports
  • Trade & Logistics

Through targeted business assistance, workforce development initiatives, and strategic engagement, we empower these clusters to innovate, create high-quality jobs, and compete on a global scale.

Join Us in Building a Better Los Angeles

Our impact is a testament to the power of collaboration. We invite you to partner with us in our mission to create a more prosperous, equitable, and resilient Los Angeles for all.

CONTACT US