ECONOMIC DEVELOPMENT CORPORATION

Institute for applied economicsthe laedc institute for applied economics provides objective and comprehensive economic and policy analysis to clients and the broader public. The institute also offers public webinars addressing economic trends and issues throughout the year.in the fiscal year, the organization conducted economic research and impact reports for approximately 22 clients.

Workforce developmentlaedc's workforce development program exists to create economic mobility and equity, support the talent needs of business, and align education with evolving industry trends. Workforce development is integrated into laedc's research, business assistance, industry council work and the fabric of our mission. We work in both the strategic leadership capacity to support systems change and in a programmatic action level to drive progress.during the year, the organization engaged with 16,000 la county students and job seekers.strategic initiativesthe laedc implemented a series of strategic initiatives to address the evolving needs of the regional labor market. These efforts included collaborating with local community colleges to develop curriculum aligned with industry demands and supporting workers seeking to reenter the workforce. Additionally, the organization advanced its digital equity program to bridge the digital divide, providing access and resources to underserved communities to enhance workforce readiness and economic opportunities.special projects (california jobs first)the california jobs first program, with the laedc serving as the regional convener, is focused on fostering diverse local economies and building sustainable industries across los angeles county. This initiative aims to generate high-quality, accessible employment opportunities while promoting equitable and inclusive economic growth throughout the region.coed (center of economic development)the southern california leadership council, a program sponsored by the laedc and also known as the center for economic development, plays a critical role in ensuring the region's economic vitality and quality of life. Addressing the complex economic and social challenges facing southern california requires effective leadership, which is often hindered by the region's vast size and multifaceted nature. The council works to provide strategic guidance and foster collaboration to tackle these issues and promote sustainable growth.federal grant eda build back betterthe la region's build back better phase 1 proposal was submitted by a powerful coalition of public and private partners who share our state and local government vision of equitable and sustainable growth for our goods movement ecosystem (gme) regional growth cluster, centered on the innate convergence of the blue and green regenerative economies at and beyond the waterfront to grow new jobs and enterprises for our region, particularly for historically excluded populations, while improving our environment and increasing resilience of america's leading trade gateway.