ECONOMIC DEVELOPMENT CORPORATION
Data sourced from IRS 990 public filings
ECONOMIC DEVELOPMENT CORPORATION THE LAEDC'S PRINCIPAL OBJECTIVE IS TO COLLECTIVELY ADVANCE ECONOMIC OPPORTUNITY AND PROSPERITY AND RAISE STANDARDS OF LIVING FOR ALL LOS ANGELES (LA) COUNTY RESIDENTS THROUGH PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE. AS LA'S ONLY COUNTYWIDE ECONOMIC DEVELOPMENT ORGANIZATION, THE LAEDC PROVIDES COLLABORATIVE, INNOVATIVE, AND STRATEGIC ECONOMIC DEVELOPMENT LEADERSHIP TO PROMOTE A MORE ROBUST, EQUITABLE, SUSTAINABLE, AND RESILIENT LA COUNTY ECONOMY TO IMPROVE THE HEALTH AND WELLBEING OF THE REGION'S RESIDENTS AND COMMUNITIES AND ENABLE THOSE RESIDENTS TO MEET THEIR BASIC HUMAN NEED FOR A JOB. LAEDC ACHIEVES THIS THROUGH OBJECTIVE ECONOMIC RESEARCH AND ANALYSIS; PROGRAMMATIC AND ON-THE-GROUND TECHNICAL AND TRANSACTIONAL ASSISTANCE TO BUSINESS, GOVERNMENT, EDUCATION, AND WORKFORCE DEVELOPMENT SYSTEMS; AND TARGETED PUBLIC POLICY AND ISSUE ADVOCACY.
Annual Revenue
$9,039,405
Known Funders
16
Grants Received
27
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $9,039,405 | $8,528,500 | $34,353,930 |
| 2022 | $5,828,748 | $7,869,790 | $33,343,547 |
| 2021 | $9,374,870 | $9,087,793 | $29,436,314 |
| 2020 | $9,257,630 | $7,687,969 | $33,754,787 |
| 2019 | $7,272,420 | $7,364,800 | $26,830,244 |
| 2018 | $7,363,304 | $7,936,555 | $26,714,670 |
| 2017 | $6,861,437 | $7,653,377 | $27,633,363 |
| 2016 | $6,901,063 | $7,389,453 | $28,373,242 |
Top Funders
San Francisco, CA
LOS ANGELES, CA
LOS ANGELES, CA
WESTLAKE VILLAGE, CA
WESTLAKE VILLAGE, CA
WESTLAKE VILLAGE, CA
LOS ALTOS, CA
LOS ANGELES, CA
LOS ANGELES, CA
LOS ANGELES, CA
Showing top 10 of 16 funders.
Key Personnel
From 2023 IRS 990 filing
SONIA ESTRADA
SENIOR DIRECTOR ACCOUNTING & ADMINISTRATION
RICK DAVILA
DIRECTOR OF IT AND FACILITIES
LARRY HOLT
VP BUSINESS ASSISTANCE AND INTERNATIONAL TRADE
JUSTIN ADAMS
SENIOR ECONOMIST
BARBARA LEVINE
DIRECTOR OF BUSINESS ASSISTANCE PROGRAM
SHANNON SEDGWICK
DIR. INSTITUTE OF APPLIED ECONOMICS
MELISSA KHAMVONGSA
VICE PRESIDENT STRATEGIC RELATIONS
JERMAINE HAMPTON
VICE PRESIDENT WORKFORCE DEVELOPMENT & SPECIAL PR
STEPHEN CHEUNG
PRESIDENT AND CEO
KENDAL R TURNER
EXECUTIVE VICE PRES./CFO
Showing 10 of 50 key personnel.
Frequently Asked Questions
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