Program areas at LAEDC
The laedc offers free assistance to small businesses and micro-enterprises throughout Los Angeles County, with a particular focus on women and minority-owned businesses and attracting, retaining and growing jobs for the residents of la County. During this fiscal year, numbers of businesses were reached through multi-channel informational outreach, and numbers were served one-on-one with technical assistance to help our small businesses and their employees survive covid-19 pandemic.
The laedc hosts a number of events and webinars each year to inform the community, one of the most well known is the Economic forecast, which offers attendees valuable insights on the Economic projections for the regional economy. The 88 cities summit convenes leaders from local governments to discuss Economic challenges and opportunities our communities face. The eddy awards is the most prestigious awards program to recognize leadership in Economic Development in business, education, and government throughout Los Angeles County.
The laedc performed a series of strategic initiatives designed to create safer working environments in communities hardest hit by the pandemic as well as working with area community colleges to inform the Development of curriculum to better meet the rapidly evolving labor market needs of local industries and employers, and workers dislocated from their employment by the pandemic's Economic disruptions.
The laedc institute for applied economics' mission is to provide objective and unparalleled Economic and policy expertise to our clients and the broader public audience. In addition, laedc economists present regular public webinars on the evolving impact of the pandemic throughout the entire fiscal year.
Who funds Los Angeles County Economic Development Corporation (LAEDC)
Grants from foundations and other nonprofits
Federal funding details
Federal agency | CFDA code | Program name | Amount |
---|
Department of Labor | 17.278 | WIA DISLOCATED WORKER FORMULA GRANTS | $472,000 |
Department of Labor | 17.258 | WIA ADULT PROGRAM | $246,942 |
Department of Commerce | 11.307 | ECONOMIC ADJUSTMENT ASSISTANCE | $158,362 |
...and 4 more federal grants / contracts |
Personnel at LAEDC
Name | Title | Compensation | Date of data |
---|
Kendal Turner | Chief Financial Officer | $80,707 | 2023-03-20 |
Larry Holt | Vice President of Economic and Workforce | | 2023-01-13 |
Melissa Kham | Vice President , Strategic Relations | | 2023-01-13 |
Alex Medina | Director , Marketing and Communications | | 2023-01-13 |
Sonia Estrada | Director of Accounting | | 2023-01-13 |
...and 15 more key personnel |
Financials for LAEDC
Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
---|
Total grants, contributions, etc. | $2,203,402 | $2,400,500 | -8.2% |
Program services | $5,416,956 | $4,075,951 | 32.9% |
Investment income and dividends | $986,378 | $295,974 | 233.3% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $41,949 | $74,678 | -43.8% |
Net gain from sale of non-inventory assets | $712,195 | $2,410,527 | -70.5% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $13,990 | $0 | 999% |
Total revenues | $9,374,870 | $9,257,630 | 1.3% |
Organizations like LAEDC
Organization | Type | Location | Revenue |
---|
Manufacturers Resource Center | 501(c)(3) | Allentown, PA | $3,223,846 |
Greater Richmond Partnership | 501(c)(3) | Richmond, VA | $3,713,858 |
Greater Phoenix Economic Council | 501(c)(3) | Phoenix, AZ | $7,545,492 |
Enterprise Florida (EFI) | 501(c)(3) | Orlando, FL | $16,140,627 |
Virginia Tech Transportation Economic Development | 501(c)(3) | Blacksburg, VA | $6,270,290 |
Hartford Economic Development Corporation (HEDCO) | 501(c)(3) | Hartford, CT | $3,183,026 |
Southeastern Connecticut Enterprise Region Corporation | 501(c)(3) | Groton, CT | $2,397,817 |
Detroit Regional Partnership Foundation | 501(c)(3) | Detroit, MI | $7,260,369 |
Regional Development Funding Corporation | 501(c)(3) | Pittsburgh, PA | $3,181,210 |
Cooperative Business Assistance Corporation | 501(c)(3) | Camden, NJ | $5,424,289 |
Data update history
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 12, 2023
Received grants
Identified 1 new grant, including a grant for $30,000 from Cedars Sinai May 10, 2023
Used new vendors
Identified 2 new vendors, including , and
March 1, 2023
Used new vendors
Identified 1 new vendor, including
January 13, 2023
Updated personnel
Identified 31 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
- Address
- 444 South Flower St 37th Floor
- Los Angeles, CA 90071
- Metro area
- Los Angeles-Long Beach-Anaheim, CA
- County
- Los Angeles County, CA
- Website URL
- laedc.org/Â
- Phone
- (213) 622-4300
- Facebook page
- LAEDCÂ
- Twitter profile
- @laedcÂ
IRS details
- EIN
- 95-3643339
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1981
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Central organization
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