Implementing LA County’s Strategic Plan for Economic Development: 2016-2020

submission by LAEDC
Implementing LA County’s Strategic Plan for Economic Development: 2016-2020

About Your Application

Organization(s) name(s):

Los Angeles County Economic Development Corporation

Organization(s) website(s):

http://laedc.org/

Organization(s) twitter handle(s):

https://twitter.com/laedc

Organization(s) facebook handle(s):

https://www.facebook.com/LAEDC

Organization(s) instagram handle(s):

www.instagram.com/

Please share the direct link for voters to sign up for your newsletter(s):

http://laedc.org/news-events/newsletters/

Describe Your Organization(s)

Non-profit organization

For-profit organization

Government

Other (please specify below):

In one sentence, please describe what your organization does.

:

As LA County’s designated economic development leadership organization for over 34 years, the LAEDC’s purpose is to improve standards of living for LA County’s residents by growing overall economic prosperity.

In one to three sentences, please describe your proposal.

:

LAEDC proposes to leverage its past success in leading collaborative economic development efforts to ramp up the 2016-2020 Strategic Plan’s implementation program around seven aspirational goals:
1. Invest in Human Capital
2. Strengthen Leading Traded Industries
3. Catalyze Innovation Capacities
4. Fix Infrastructure Development, Financing and Delivery Processes
5. Create a More Business Friendly Environment
6. Increase Global Connectedness
7. Build More Livable Communities

Please write a sample tweet to describe your submission.

:

Promoting Shared Prosperity for LA County residents. #LAStratPlan

Where will you be working? Please be specific (e.g. Third Street Middle School; Boyle Heights; LA County).

Central LA

East LA

San Gabriel Valley

San Fernando Valey

South LA

Westside

South Bay

Antelope Valley

County of Los Angeles (countywide)

City of Los Angeles (citywide)

LAUSD

Other (please specify below):

e.g. Third Street Middle School; Boyle Heights; LA County:

all other sub-regions and communities of LA County

How do you plan to use these resources to make change? (check all that apply)

Conduct research

Engage residents and stakeholders

Implement a pilot or new project

Expand a pilot or program

Mobilize for systems change

Advocate with policymakers and leaders

Implement and track policy

Other (please specify below):

:

Engender Civic Stewardship

How will your proposal improve the following “Create” metrics? (check all that apply)

Employment in the creative industries

Arts establishments per capita

Concentration of manufacturing activity in LA

Federal research grant funding

Patents per capita

Jobs per capita

Minority- and women-owned firms

Gini coefficient

Number of high growth startups

Venture capital investment

Measures of cultural and global economic influence (“soft power”) (Dream Metric)

Recruiting and retention rates for local higher education institutions (Dream Metric)

Percentage of graduates from local higher education institutions that remain in LA County 5 years after graduating (Dream Metric)

Unemployment rates (and opportunities) for the formerly incarcerated (Dream Metric)

Describe in greater detail how you will make LA the best place to create.

:

LA has all the attributes necessary for economic success in this globally connected, innovation-intensive 21st Century. But LA’s regional economy is transitioning at an accelerated pace away from low-tech production towards an Information-Age economy characterized by innovation-oriented industries, where even manufacturing is becoming less labor-intensive, and more technology-driven. This transition presents us with a new set and scale of challenges that require us, as a region, to “fill in” the gaps by making smarter investments in early and lifelong education and retraining; by developing forward looking infrastructure systems and physical spaces; by inspiring a new generation of civic and social stewards; and by strengthening our innovation capacities and global connectedness. Once implemented, LA’s next Strategic Plan for Economic Development will interlink the region’s economic, physical and networking assets, and fill in the gaps in a way that unconditionally bridges us to the Information Age.

Please explain how you will evaluate your work.

:

At the end of the implementation program, we expect to have increased standards of living for all the residents of Los Angeles by making progress on the following:
1. Increased employment rates
2. Concentration of manufacturing, Foreign Direct Investment in Los Angeles
3. Increased Equity, Equality, and Prosperity for LA County residents
4. Attraction of more high growth start-ups and Increased Venture capital investment
5. Cultivation of cultural and global economic “soft power”
6. Increased Human Capital and Strategic Workforce Development through training, educational attainment, and Community Development

How can the LA2050 community and other stakeholders help your proposal succeed? (check all that apply)

Money (financial capital)

Volunteers/staff (human capital)

Publicity/awareness (social capital)

Infrastructure (building/space/vehicles, etc.)

Education/training

Technical infrastructure (computers, etc.)

Community outreach

Network/relationship support

Quality improvement research

Other (please specify below):

Discussion
2 Pink talk bubble tail c96b4a07ef1417e25d0bcf5c4cba4766b8bbf0382f07677990a9d5577885d4d7

East Los Angeles College supports LAEDC and its goals to work in partnership with education and workforce and economic development programs in our community colleges.

Paul De La Cerda, MBA
Dean, ELAC-LACCD

by Delacep
6 months ago

I support LAEDC and its efforts to bolster the LA County economy, to report on progress in the local economy, to conduct timely research and to promote the business climate across industry sectors in LA County.

Philip S. Hart, Ph.D.
Hollywood

by pshawhart
6 months ago

Pink ribbon award box icon 45b87e779c93f5099a48378c2aadc0fcd51184974daecf76e3f5c50034ea21fb
Award topvotedidea 5a5ae14e3d56a10363ea2a398cece46cf4df891213cbe68677c19d8903a1932a
$100,000
Circle 1 inactive e7784182a1bd5eace578987db27fc19ec6337f418c48c6c8732605b9043d50d0 Step1 title submission inactive cde083e53089b973e7c9dc80a44a038c1ce4cf3b2650aeb5549157d1ed58a2d9

Submission Began
Tuesday, September 08, 2015

Submission Ended
Tuesday, October 06, 2015
at 07:00 PM UTC

Circle 2 inactive 74a43088831beb43fdbd7591ef5d50a5a7a26ff92c9e8ed489782459fa31a8d9 Step2 title voting inactive 96be722f53c417edddb5742ba9a6dc2fd403f7e4f6c19dbe883d50d20d93689d

Voting Began
Tuesday, October 20, 2015

Voting Ended
Tuesday, November 03, 2015
at 08:00 PM UTC

Circle 3 83da7a9432aeea960e1a9e9ee93e7ea1221af6c8f42b27964f2e9999d94b2b8d Step3 title 3d9e2a65d6ea1ad301f8fc607f5f828bd96362932c71d81c0da5b1fd964422b0

Winner Announced
Tuesday, December 08, 2015