Partner

Economic Development

Sequoia Holifield/Bob Machuca
Partners/Business Services Coordinator-Project Manager and Business Development Coordinator, LAEDC
bmachuca@laedc.org
Los Angeles, CA 90071
County: Los Angeles
http://www.laedc.org/

Organization:
The Los Angeles County Economic Development Corporation (LAEDC) was founded in order to attract, retain and grow business and jobs in the Los Angeles County region, as well as to identify trends and affect positive change for the local economy. It is led by a Board of Directors, composed of civic leaders and high-level executives of the region's leading public and private organizations, who are committed to playing a decisive role in shaping the region's economic future. LAEDC is a partner on four WIRED projects, listed below.

Tasks:
Project 1.1 - Economic Development Innovation Toolkit:
- Assist partners in development of an economic development "toolkit" in the first 18 months of the project, incorporating effective economic development roadmaps, integrating resources and innovative tools to reach the targeted entrepreneurial audience.
- Support partners in completing an annual benchmarking report and index, in order to determine how each of three venture communities has grown its innovation sector network.
Project 1.3 - Inventory of Key Innovation Assets:
- Identification and profiling of a minimum of 140 Innovation Assets (Federal and private Research and Development labs, military installations, college/university research centers and private companies).
- Add the 140 profiles to Connectory.com. Design an economic development resource database tool (California Innovation Corridor Innovative Asset Portal) to house the 140 profiles, as a Corridor Portal.
Project 1.4 - Innovation-Based Entrepreneurial Ventures:
- Collection of key data for benchmarking of activities that support entrepreneurs to grow their companies successfully.
- Secure 50 participating investors and 40 "Innovation All-Stars" as project partners.
Project 3.1 - Workforce Analysis:
- With partners, generate a minimum of 200 company responses to the project survey, and develop and publicize a final report of the survey results.
- Develop strategies to address identified training and education gaps, and share strategies across the 9 regions and the entire Corridor.