Los Angeles County Economic Development Corporation (LAEDC) is a public-benefit nonprofit corporation established in 1981 by the Los Angeles County Board of Supervisors. Its mission is “Reinventing our economy to collaboratively advance growth and prosperity for all.” The LAEDC was originally formed to facilitate Los Angeles County's economy with programs to improve and stimulate economic development to ameliorate conditions of poverty, community tensions, and social and economic disparities. Since then, the organization has grown to encompass a wide range of services, using a broad-based coalition of community, government, business and education partners. LAEDC holds workshops, town halls, conferences, economic forecasts and other professional events throughout the year in various locations throughout the Los Angeles County region, providing partners a path toward collaborative economic development. The Institute for Applied Economics This division of the LAEDC conducts notable and widely quoted economic and industry research published for the public. The Institute for Applied Economics [formerly the LAEDC Economic and Policy Consulting Department and the LAEDC Economic and Policy Analysis] and the now-defunct Kyser Center for Applied Economics provides fee-based consulting services to businesses. It focuses on the Los Angeles region, California, and national economies. The Institute’s reports provide decision makers with critical information from which to make informed decisions. In addition to providing on-demand research per client requirements, the Institute also conducts foundational research to ensure LAEDC’s many programs for economic development are on target, including the company’s collaboration with workforce investment boards, its award-winning business assistance program, and its work on the L.A. County Strategic Plan for Economic Development and its cluster development initiatives. Industry Cluster Development LAEDC convenes industry leaders to learn about future market trends, technology advances, and hear what industry participants need. LAEDC uses that analysis to advance connections, programs, and policies to increase business growth and hiring here in LA. LAEDC’s work in five of the many export-oriented LA industries includes council convenings, new market access, VC and procurement match-making, policy development, and talent pipeline development. In addition to helping these industries grow, LAEDC’s industry council convenings also help underserved communities find opportunity in these well-paying industries to improve equity. Industry Clusters Aerospace and Defense Bioscience Digital Media and Entertainment Trade and Logistics Ev and Advanced Transportation Design Ocean Economy Fashion and Apparel Tourism IT Food Manufacturing Industry Councils SoCal Aerospace Council e4 Mobility Alliance for advanced transportation the Bioscience Council Blue and Green Goods Movement Digital