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About
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.
Experience/core competencies:
Economic research, referrals to agencies that provide free and low-cost business assistance providers, industry cluster analysis, economic impact analysis, customized business resource identification & linkage (e.g., alternative financing, entrepreneurial training, regional business assistance networks)
Partnerships with other relevant organizations:
We have several active partnerships with numerous regional players and economic development stakeholders. Some of these relationships include regional economic development organizations that cover the South Bay, Gateway Cities, San Gabriel Valley, Antelope Valley, West Los Angeles, and Santa Clarita areas of Los Angeles County. The Greater Antelope Valley Economic Agency (GAVEA) is also funded under WIRED). The City of Los Angeles Workforce Investment Board (WIB) has also assisted us in meeting our deliverables on WIRED Goals. In addition, the LAEDC is working closely with California Manufacturing Technology Consulting (CMTC) which provide high value consulting services to California's high tech and traditional small and medium-size manufacturers to increase their competitive advantage through improved methods of management and manufacturing. A complete list of partners and member organizations can be viewed online at:
Membership list
List of Companies on the Board of Governors
Opportunities for collaboration:
Business Development; Business Incentives; Cluster Analysis; Community College; Economic Development; Economic Impact Analysis; Economic Modeling; Grant Writing; Labor Market Research; Policy Maker Education/Outreach; Public Private Partners; Research; Resource Development; Strategic Planning
Related Records: Projects
1) Economic Development Innovation Toolkit
2) Innovation Asset Mapping Inventory
3) Innovation-Based Entrepreneurial Ventures
4) Workforce Analysis on 100 Key Entities
Related Records: Accomplishments
1) Economic Toolkit Participants Mobilize to Foster Innovation
2) Fresh Templates - New Ways For Collecting Data Promise Success
3) Fifteen Companies Hit Homerun as "All-Star" Tech Companies at Conference
4) Entrepreneurship Project Gears Up for California Tech 100
5) Positive Groundswell Toward "Asset Inventory" From Media And Business
6) Two Events Double Entrepreneurial Possibilities
7) Model Defined for Identifying Entrepreneurial Best Practices
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