Los Angeles County Economic Development Corporation
Los Angeles County Economic Development Corporation
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About this organization
Mission
The Los Angeles Economic Development Corporation is a private, non-profit corporation dedicated to attracting, retaining and growing businesses and jobs throughout the regions of Los Angeles County. To achieve its mission, the LAEDC works in partnership with both the private business community and public agencies to promote economic and business success. The LAEDC sponsors and cooperates in a wide variety of strategic development initiatives for Southern California and delivers a broad range of information, programs and services to support local companies.
About
The specific purpose of this corporation is to promote and assist the growth and development of business and jobs throughout Los Angeles County, and educating the public through economic research, analysis and otherwise. By serving as a vehicle to facilitate cooperation between the public and private sector, the corporation will coalesce local, state and federal resources to increase private investment, particularly in the economically distressed areas of said county.
Interesting data from their 2020 990 filing
The purpose of the non-profit is listed in the filing as “The function of the corporation shall be to ease the burdens of government by assisting, implementing, supporting and/or contributing to the support of programs, projects and activities of a public nature, which are directed toward improving economic conditions throughout los angeles county.”.
When discussing its operations, they were characterized as: “The function of the corporation shall be to ease the burdens of government by assisting, implementing, supporting and/or contributing to the support of programs, projects and activities of a public nature , which are directed toward improving economic conditions through out los angeles county.”.
- The non-profit's legally reported state of operation is CA.
- The filing states that the non-profit's address in the year 2020 is 444 SOUTH FLOWER STREET 37TH FLOOR, LOS ANGLES, CA, 90071.
- The form submitted by the non-profit for 2020 shows a total of 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$573,251.
- The organization has 67 independent voting members.
- The organization was formed in 1981.
- The organization pays $4,924,419 in salary, compensation, and benefits to its employees.
- The organization pays $358,260 in fundraising expenses.