Propel L.A. final report on LA County Strategic Plan for Economic Development shows progress on 7 goals, but equity lagging
The economic crisis caused by COVID has revealed a number of stark truths about diminishing economic inclusion and the income divide in LA County, but before recovery planning is complete, it is important to look at the goals our region had set leading up to the crisis, and take stock of how well those strategies worked. In a new “Final Report” published by LAEDC about the 2016-2020 Strategic Plan for LA County Economic Development, implemented as “Propel L.A.”, the past five years of data were compared to the goals that our region’s communities collaboratively created to drive intentional focus and specific actions from 2016-2020 to drive desired outcomes. The Strategic Plan was an effort to bring together business, education, government, labor, environmental, faith based and other community voices to define priorities, and the work on those priorities was collaborative with Propel L.A. championing continued action. LAEDC led the public sessions and consensus-building process to publish the Strategic Plan, and it truly is, “by the people and for the people.”
The report finds that the Greater LA economy made significant progress in the five years leading up to 2020, with decreases in poverty (2.5%) and unemployment (2.2%) , increases in educational attainment (3% more Bachelors, 2.5% more HS degrees) and an increase in median income for area residents ($7,000), with fewer barriers for justice-involved people, jobs growth in the well-paying industries of LA County, with many more positive measures.