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.
The World Trade Center Los Angeles (a subsidiary of LAEDC) connects innovative companies in key, emerging industries and helps facilitate foreign direct investment (FDI).
LAEDC’s workforce development program exists to create economic mobility and equity, support the talent needs of business, and align education with evolving industry trends.
The LAEDC workforce development includes the Center for a Competitive Workforce partnership with the region’s 19 community colleges, that integrates LAEDC’s research, industry cluster work, business assistance and intelligence as the locus of strategic, programmatic, public policy, and transactional activities to strengthen the Los Angeles Region’s talent development ecosystem and meet \ changing labor market demands.