BUSINESS LEADERlaedc.org

TABLE OF CONTENTS

Fall 2011

More than 600 business, government, civic, and education leaders from Los Angeles County attended the LAEDC’s 16th Annual Eddy Awards® on Thursday, November 3, 2011, at the Beverly Hilton to recognize East West Bank Chairman, Dominic Ng and Los Angeles World Airports (LAWA), for their contributions to the economic success of the Los Angeles region.

Ng is Chairman and CEO of East West Bank, one of the largest independent commercial banks headquartered in California and the largest bank in the nation focused on serving the Asian American community.

Ng was named by Forbes as one of the 25 most notable Chinese Americans and one of the 100 most influential people in Los Angeles by the Los Angeles Times. Having successfully led East West Bank through the financial crisis of 2007-2010, East West Bank emerged from the crisis as one of the strongest banks in the U.S. and was ranked #2 on Forbes’ December 2010 list of the Best Banks in America and named among Fortune’s ten best stocks for 2011.

East West Bank Chairman Dominic Ng and Los Angeles World Airports Honored at 16th Annual Eddy Awards® Annual awards gala celebrates leadership in economic development

16th Annual Eddy Awards® .......................... 1, 11Most Business-Friendly Winners ............. 2 - 4

Layoff Aversion Programs ................................ 5

Trade Mission Results ................................... 6 - 7

Mid-Year Forecast ................................................ 8

OSHPD Lifted ........................................................ 9

2011 CA Policy Update ............................. 10 - 11

Greening of the L.A. Economy ...................... 12

Staff Updates ....................................................... 13

Membership Updates ............................... 14 - 15

(From left to right): Bill Allen (President and CEO, LAEDC); Gina Marie Lindsey (Executive Director, LAWA); Dominic Ng (Chairman and CEO, East West Bank); Bob Hertzberg (Chairman, LAEDC).

LAEDC EVENTS

Annual Economic Forecast

Wednesday, February 15, 2012

7:00 a.m. to 8:00 a.m. NETWORKING BREAKFAST

8:00 a.m. to 10:30 a.m.ECONOMIC FORECAST &

INDUSTRY OUTLOOK

Marriott Los Angeles Downtown333 S. Figueroa StreetLos Angeles, CA 90071

For further information, contact: Marilyn McPoland

marilyn.mcpoland@laedc.org or 213-236-4812

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For more information about the Eddy Awards® and to view the

honoree tribute videos, please visit www.laedc.org/eddy.

On November 3, 2011, at the 16th Annual Eddy Awards®, the LAEDC announced the winners of its 2011 Most Business-Friendly City in Los Angeles County Award. West Covina won for the large city category (over 60,000 residents) and Monrovia won for the small city category (under 60,000 residents). Over 20 cities applied for this prestigious award and 11 were chosen as finalists. Six cities were chosen as finalists in the population of 60,000 and over category and five cities were chosen as finalists in the population 60,000 and under category.

“The 2011 winners and finalists stand out as model communities in Los Angeles County that are proactively engaging and working with businesses and the private sector to create jobs for their residents,” said LAEDC President and CEO Bill Allen. “In the midst of a prolonged economic crisis, these cities have shown they truly understand the importance of attracting, retaining and growing businesses to create much-needed jobs and generate necessary tax revenue for important public programs. Join me in honoring the winners and all of our other city finalists as we work together to ensure a strong, diverse and sustainable economy for all of L.A. County’s residents and communities.”

West Covina

West Covina is a vibrant business-friendly city that takes pride in developing first-class projects. West Covina exerts a powerful retail pull with a 10-

mile radius population that exceeds 2.5 million with excellent freeway access. West Covina boasts a pro-business climate, great location, distinctive quality of life and economically favorable demographics. The City has two Redevelopment Project Areas and a Business Improvement District for the City’s Auto Center. The City’s General Plan Economic Development Element includes business-friendly processes such as: streamlining the entitlement process, over- the-counter approvals for select permits, expedited plan checks and

permits for a fee, staff available to discuss plan/permit applications, design review committee and an ombudsman program. West Covina was also a finalist for the award in 2010.

Monrovia

Monrovia public officials and staff work tirelessly to attract and retain businesses in this city of nearly 40,000. With a diverse portfolio of businesses ranging from nationally known technology firms to “mom and pop” shops in Old Town, Monrovia offers an array of services and incentives for businesses. The mayor, city manager and police and fire chiefs regularly visit with company CEOs, and the City conducts customer service surveys and hosts a CEO roundtable that brings business leaders together with city officials. Monrovia offers financial relocation assistance, lease/tenant subsidies, broker bounties, the Old Town business development assistance and facade improvement programs, two redevelopment project areas, no utility user tax assessment and city fees that are well below the average of other San Gabriel Valley cities. Monrovia was a finalist for the award in 2008 and 2010.

LARGE CITY FINALISTS (population over 60,000)

Burbank

The City of Burbank, aptly known as the “Media Capital of the World,” is home to some of the world’s largest media companies, including The Walt

Disney Company, Warner Bros., NBC, ABC, and 700 media related businesses. Home to over 104,000 residents, an average of 1,400 new businesses per year and a daytime working population of more than 100,000, the City is

served by an excellent transportation system, including the Bob Hope Airport, connecting Burbank to the L.A. metropolis and beyond. The City of Burbank has a pro-business attitude reflected in its simple and competitive tax structure with no city income tax or gross receipts tax. Burbank’s “Team Business” links the best resources for training, consulting and access to capital with those looking to start a business in addition to business owners who are poised for growth or are seeking stability in today’s promising economy. Burbank was a finalist for the award in 2006 and 2007.

Carson

“Future Unlimited” is the vision for Carson, a dynamic and culturally diverse city in the South Bay. Carson, well known as an industrial center with excellent access to numerous multi-modal transportation systems and the County’s twin ports, has enjoyed steady and continued growth. Economic development is a cornerstone of Carson’s shared community vision. Strategies include streamlined processing of its business license and building permits, numerous business financial assistance programs, its economic development work group composed of various city departments, South Bay Small Business Development Center and the Carson Career Center. Carson was a finalist for the award in 2010.

Glendale

As L.A. County’s third largest city, Glendale has long been an economic activity hub for Southern California. The City of Glendale has made business assistance a top-priority with the creation of its “Entitlement Concierge Service.” A single-point liaison within the City is designated to shepherd businesses through entitlement and any other City related process. The concierge helps smooth and streamline the City process to get the business on-line quicker, saving dollars for the business, and producing jobs and

LAEDC Announces West Covina and Monrovia Most Business-Friendly Cities in 2011

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revenue to the General Fund faster. A Development Review Committee provides a coordinated and streamlined development and entitlement process for citywide projects by engaging appropriate staff from conception to completion. Glendale was a finalist for the award in 2008.

Torrance

Torrance, the sixth largest city in L.A. County, competes globally leveraging its myriad of assets including the diversity of its population, flourishing businesses

and safe communities. From financial and retail to emerging high-tech sectors, Torrance has become a center for business development fueled by an attractive location and one of the County’s largest pool of skilled and professional workers. Torrance demonstrates its commitment to economic development with an Economic Development Element in its General Plan, an aggressive economic development office, expedited plan checks, preliminary plan reviews, one-stop permit center, ombudsman program, online project status tracking, interactive voice response system, field computer units and permit process flow charts to help businesses better understand city processes. Torrance was a finalist for the award in 2009 and 2010.

Whittier

A growing, dynamic and diverse community located in the Gateway Cities region, Whittier has a long tradition of making economic development and business a top priority. Whittier proactively adopted a Local Economic Stimulus and Business Assistance Plan in 2009 to help businesses, both large and small, grow and prosper during the Great Recession. The City’s Economic Development Element represents the blueprint for business attraction, retention and sustainability, including Redevelopment Project Areas, a Foreign Trade Zone, Retailer Recruitment and Reward Program, ombudsman services, entitlement and permit fee subsidies and permit processing fee reductions. Whittier was a finalist for the award in 2009 and 2010.

SMALL CITY FINALISTS(population under 60,000)

Commerce

The City of Commerce’s commitment to its business community is demonstrated through the free employment recruitment services offered to residents by

the city’s business development center, which provides job announcements, applications, job placement assistance, training and hiring tax incentive information. Additional incentives include four Redevelopment Project Areas, a Recycling Market Development Zone, industrial development bonds, ombudsman services, regular standing business relationship meetings and a strong relationship with the Commerce Industrial Council. To support its business and employee retention efforts, the City of Commerce offers a free bus system, four recreational parks, Metrolink access to the Inland Empire, ample parking, and low-cost gym memberships. Commerce has no gross receipts or utility taxes on businesses and is committed to providing excellent customer service. Commerce was a finalist for the award in 2009 and 2010.

Duarte

Duarte prides itself with maintaining its small town feel and a business-friendly atmosphere. Though only having less than 3.4 square miles of developable land and a population of 22,100, Duarte provides cutting edge business development strategies and professional assistance, including a one-stop permit center, an updated strategic plan, an Economic Development Element in its General Plan and a hands-on city council

2011 Eddy Awards® Sponsors:DIAMOND: PLATINUM:

GOLD:

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regularly in touch with businesses. Duarte’s incentives include an effective Redevelopment Agency, no utility user tax, free business seminars, business, residential and youth surveys, a low crime rate and distinguished schools. Duarte is also proud to be the home to one of the world’s renowned cancer research institutions, the City of Hope. Duarte was a finalist for the award in 2010.

Gardena

The City of Gardena’s Economic Development Element in its General Plan solidifies the “Promoting Business Success, Offering Exceptional Service, and Creating Jobs” motto of its Economic Development Department. Gardena has partnered with the Small Manufacturers Advantage® program from the California Manufacturing Technology Consulting Group to offer “no-cost” business assistance to its manufacturing companies as a means for providing strong retention support. Furthermore, the City of Gardena presents the “Outstanding Business Award” to a business in the city based on quality of the business, business achievements, and community involvement. Recently, the City made a commitment to develop a “user-friendly” business oriented website containing beneficial resources, such as up-to-date commercial listings, which can be invaluable to the real estate community or any business owner attempting to locate

a suitable site to relocate or expand.

La Mirada

La Mirada was voted by CNN and Money Magazine as the 34th Best Place to Live in America, and has been recognized in the Kosmont-Rose Institute’s “Cost of Doing Business Survey” as one of the least expensive cities in which to do business in L.A. County. The City’s General Plan’s Economic Development Element includes a number of goals and policies designed to attract and retain key businesses. City incentives include no utility user tax or impact/exaction fees on businesses seeking to expand or relocate. The mayor and city staff conduct regular business visits, bi-annual business surveys and recognize leadership within the business community. La Mirada was a finalist for the award in 2008, 2009 and 2010.

SILVER: BRONZE:

Act 1 GroupAC Martin Partners, Inc.Alston + Bird LLCBank of America Merrill LynchBNSF RailwayCB Richard EllisThe City of DuarteThe City of GardenaThe City of TorranceCox Castle NicholsonGreenberg TraurigHSBCThe Honorable Don KnabeThe Honorable Zev YaroslavskyManpower

MattelMcKenna Long & Aldridge LLPOneWest BankPort of Los AngelesPort of Long BeachSilagi Development & Management, Inc.State Farm InsuranceThomas Properties Group INCTime Warner CableToyotaUnited WayUniversity of Southern CaliforniaVerizonWells Fargo

PHOTO CAPTIONS (TOP TO BOTTOM):

City of West Covina: (L to R) Bill Allen (President & CEO, LAEDC); Michael Touhey (Mayor Pro Tem); Shelley Sanderson (Councilmember); Karin Armbrust (Councilmember); Steve Herfert (Mayor); Robert Hertzberg (Chairman, LAEDC).

City of Monrovia: (L to R) Bill Allen (President & CEO, LAEDC); Joe Garcia (Mayor Pro Tem); Mary Ann Lutz (Mayor); Robert Hertzberg (Chairman, LAEDC).

West Covina and Monrovia officials with Former CA Governor Gray Davis (center), Bill Allen, and Robert Hertzberg.

Most Business-Friendly City Award Finalists (Continued from Page 3.)

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The impacts of the Great Recession have been broad and deep, and have been felt by businesses of all sizes and in every sector from the Antelope Valley to Long Beach, Santa Monica to Irwindale. A map developed by Dun & Bradstreet (D&B) in late 2009 highlighted the Los Angeles County businesses most affected by the Recession based on their extensive database. The results were staggering; at risk businesses were identified in each of the 88 cities and over 100 unincorporated areas of the County.

That is why at no other time in LAEDC’s history has the work of the Business Assistance and Development Team been more important. Federal economic stimulus funds provided the opportunity in the regions of L.A. County for extensive efforts targeting these at risk businesses to provide assistance prior to laying off employees.

Carrie Rogers, Vice President of the Business Assistance & Development Team, developed the Layoff Aversion Program, applied for and was successful in securing four Layoff Aversion Program contracts: Southeast Area Social Services Authority WorkSource Center (SASSFA), South East Los Angeles County (SELACO) Workforce Investment Board, Pacific Gateway Workforce Investment Network (PG WIN) and the Los Angeles City Workforce Investment Board.

Over the last year and a half, LAEDC Regional Managers worked one-on-one with at risk businesses conducting a needs assessment of challenges and issues the businesses faced and developed an action plan of resources and programs designed to help retain the businesses and jobs. Nearly all of the federal, state and local programs and resources recommended are either no-cost or very little cost, providing the opportunity to significantly leverage these resources where they are needed the most: to retain much-needed businesses and jobs.

Since October 1, 2009, the LAEDC has marketed the Layoff Aversion Program to over 35,000 at risk businesses identified through the extensive D&B database. The Regional Managers have conducted needs assessments with executives from 3,663 at risk businesses, and helped to retain 129 businesses and 4,651 direct jobs in those businesses.

The US Housing and Urban Development standard for each job created or retained is $35,000. The return on investment for the LAEDC’s Layoff Aversion Program equates to 1 job saved for every $386 spent – a retention rate over 90 times over that of the HUD minimum level required.

Through the LAEDC’s efforts in the City of L.A. alone, 7,348 jobs were impacted

(3,503 direct jobs were retained, 1,612 indirect jobs and 2,234 induced jobs) with an economic impact of $1.28 billion in output.

The LAEDC Layoff Aversion Team exceeded all of the deliverables on each of the four contracts with an average customer satisfaction rate of over 90 percent. Carrie Rogers has been invited to share LAEDC’s Layoff Aversion Program at the California Workforce Association’s annual conferences, local Workforce Investment Boards, quarterly L.A. City meeting of Southern California WorkSource Centers and semi-annual meeting of the Regional Workforce Groups. The program is recognized as a national model by the U.S. Department of Labor for similar layoff aversion projects.

Layoff Aversion Programs Help Retain Businesses and Jobs in L.A. County

Economic Impact of Jobs Saved

Direct effects

Indirect effects

Induced effects

TOTAL IMPACT

Employment (jobs)

3,503

1,612

2,234

7,348

Labor income ($ millions)

$269.2

$93.1

$112.4

$474.6

Output ($ millions)

$670.0

$286.6

$328.8

$1,285.4

Source: Estimates by the LAEDC

For more information about the Layoff Aversion

program, visit: www.laedc.org.

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During the past year, the LAEDC along with its subsidiary the World Trade Center Association Los Angeles - Long Beach (WTCA LA-LB), embarked on two successful investment and trade missions — one to Berlin and London and the other to South Korea and China.

The LAEDC and WTCA LA – LB led the first-ever trade mission to London and Berlin from March 20 - 27, 2011 to attract European renewable energy and green technology companies to Los Angeles County. London and Berlin were chosen because of the size and scope of the UK and German renewable energy and green technology markets.

The delegation met with over twenty executives of Berlin-based renewable energy and green technology firms at an investment conference in the Hotel de Rome, Berlin. They also engaged in policy discussion meetings led by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, the Berlin Mayor and Senator Harald Wolf, and the Mayor of Marzahn-Hellersdorf Dagmar Pohle.

While in London, the delegation met with over thirty executives of UK-based renewable energy companies during an investment conference and discussed policy issues with the UK Department of Energy and Climate Change, the US Embassy, and the British American Business Council.

The Berlin and London investment mission resulted in over 70 new business relationships, such as Daimler-Benz, which announced its plans to open North America’s first Mercedes-Benz Driving Academy in Los Angeles by October 2011. The WTCA LA-LB played a significant role in facilitating Daimler’s decision to locate the Academy in Los Angeles County by working with the corporation in October of 2010 and then visiting their UK facility this past March. The opening of the driving academy will mean new jobs for the Los Angeles County region.

“We will continue to work with Daimler-Benz to ensure the success of this new venture and we hope this will lead to further investments in Los Angeles County,” said Vance Baugham, President of the WTCA LA-LB.

Mercedes-Benz Driving Academy launched their first initiative in the United Kingdom in 2009. The academy is an innovative driver’s education program designed with a unique combination of interactive classroom sessions, online learning and behind the wheel training. The goal is to make young people better and safer drivers while preparing them for today’s driving environment. Already the academy boasts first-time driver’s license pass rates that nearly double the UK national average.

“Vehicles, highways, and the driving

environment have changed dramatically over the past 60 years, however driver education remains relatively unchanged in the U.S.,” said Alexander Hobbach, Senior Manager of Business Innovation at Daimler AG.

Six months later, the LAEDC and WTCA LA – LB led another investment mission to South Korea and China from September 17 – 24, 2011. The delegation focused their efforts on foreign direct investment attraction from the two countries to Los Angeles County, specifically in the aerospace, automobile design and manufacturing, high technology, green technology and renewable energy markets.

The delegation hosted business conferences in each of the two cities as well as visited individual companies to discuss their U.S. expansion plans. They also met with government and business representatives responsible for the foundation of Asia’s leading renewable energy industries and signed two memorandums of understanding (MOUs) with leading government agencies.

The first MOU signing took place on September 20, 2011 in Seoul, South Korea between The Korea Trade – Investment Promotion Agency (KOTRA), the LAEDC and the WTCA LA – LB. KOTRA is an organization that was established in 1962 to bolster the Korean economy through trade facilitation

Two Trade Missions Result in Successes: London & Berlin Trade Mission Results in Los Angeles-Based Mercedes-Benz Driving Academy and

Photos on this page: (Left Photo) LAEDC President & CEO, Bill Allen, Berlin Partners and CleanTech Business Park Marzahn at the Green Alliance Press Conference in Berlin, Germany. (Right Photo, L to R): Delegation at MBZ World sign. Greg Moore (Senior Trade Manager, WTCA LA-LB), Jeremy Davies (Former National President and Chair of the BABC; Member of the Board of Governors LAEDC), Maura O’Connor (O’Connor Cochran and former LAEDC Chair), Bill Allen (President & CEO, LAEDC), Alexander Hobbach (Senior Innovation Manager, Mercedes Innovation Division), Wes King (Director of Business Development, ReGreen Corporation), Carolyn Duchene (Operations Manager, Mercedes-Benz Los Angeles Driving Academy), Michael Boehm (COO, Haig Barrett Inc.), Vance Baugham (President, WTCA LA-LB), Thomas Calabro (Executive Director, Local Public Affairs & Customer Service Business Unit, SCE)6

2011 California Policyand FDI promotion. The MOU signing signifies the commitment of the County and South Korea to strengthen the economic partnership between the two regions.

The next day the delegation proceeded onto Shanghai, where they signed another MOU with the Development Promotion Council for the Yangtze River Area (Yangtze Council) on September 21, 2011. The Yangtze Council represents leading companies in the Shanghai and Yangtze region, such as the Shui On Group. The objective of the agreement is to strengthen the global competitiveness of both regions by increasing economic cooperation in several key areas, including biotechnology, life sciences, “green technology”, information technology, and transportation logistics.

“The Yangtze Council MOU truly marks a groundbreaking achievement,” said Vincent H.S. Lo, President of the Yangtze Council and Chairman and Chief Executive of the Shui On Group. “Through this first-ever region-to-region commercial agreement, companies will take proactive steps to complement each region’s strength by creating new innovations and business opportunities.”

“The Los Angeles five-county region shares a great many economic characteristics with China’s Yangtze region,” said Bill Allen, President and CEO of LAEDC. “Both regions serve as gateways to their respective nation’s economies and are vast contributors to the worldwide marketplace. In the 21st Century economy, both China and the United States will rely heavily on these key business centers to serve as leaders in trade, technology, job creation,

and innovation. I am delighted to align LAEDC with the Yangtze Council in a new and exciting joint effort to promote investment and market opportunities in our sister regions.”

With the backing of prominent businesses in their respective regions and local government support, all organizations involved with the MOU signings advocate strong economic development, vibrant business environments and better quality of life for community members. The MOUs acknowledge that both regions serve as gateways to the economies of their respective countries while citing valuable benefits in shared technology development, corporate growth and capital injection, job creation in an expanding economy, and budding market opportunities through the regions’ planned cooperation and collaboration.

“To remain competitive in the 21st Century economy, we must promote innovation in business and I am pleased to see the Yangtze Council – much like the LAEDC in the Los Angeles County region – pointing the Shanghai/Yangtze region towards greater economic development and prosperity,” said LAEDC Chair and former California Speaker of the Assembly Bob Hertzberg. “This collaboration of ideas and goals will ensure our children’s prosperity and elevate the influence of our already closely-tied regions.”

Photos on this page: (Left Photo, L to R) Kwok-Yin Cheng (Executive VP, Director of International Trade Banking, East West Bank); Daniel Hu (Global Investment Consultant, CB Richard Ellis); Vance Baugham (President, World Trade Center Association Los Angeles – Long Beach); Deborah Lee (Partner, Tax, PwC); Charlie Forrest (Senior VP President, Stern Brothers); Christopher Martin (CEO & Co-Chairman, AC Martin Partners, Inc.); Bill Allen (President and CEO, LAEDC). (Right) (In order from left to right) Jeffrey Leader (Founding Partner, Purely Water, Inc.; Chief Marketing Officer, G-DECK Microbial Technologies); Henry Wang (Chief China Representative, WTCA LA-LB); Lianne Chua (Director of Asia Operations, WTCA LA-LB); Vance Baugham (President, WTCA LA-LB); Dr. Henry Chen (Chairman and CEO, Jiangsu E-Motors Cp., Ltd.); Charles Forrest (Senior Vice President, Stern Brothers); Deborah Lee (Partner, PWC); Daniel Hu (Global Investment Consultant, CB Richard Ellis); Zhe Xu (Legal Consul, Jiangsu E-Motors Co., Ltd.); Andy Fang (Senior China Advisor, WTCA LA-LB). 7

“THIS MOU MARKS

A CONTINUED

COLLABORATION BETWEEN

OUR TWO ORGANIZATIONS

THAT HAS SEEN THE

DEVELOPMENT OF NUMEROUS

BENEFITS AND GROWTH IN

OUR RESPECTIVE REGIONS,”

SAID BILL ALLEN, PRESIDENT

AND CEO OF LAEDC. “OUR

PARTNERSHIP WILL NOT ONLY

STRENGTHEN THE ECONOMIC

RELATIONSHIP BETWEEN

OUR REGIONS, IT WILL ALSO

CREATE MUCH NEEDED

NEW JOBS AND PROMOTE

GLOBAL COMPETITIVENESS

AND INNOVATION. WE LOOK

FORWARD TO WORKING

CLOSELY WITH KOTRA

PRESIDENT SUK WOO HONG ON

THIS EXCITING NEW VENTURE.”

China & South Korea Trade Mission Results in Two MOU Signings

Addressing a crowd of more than 300 on Wednesday, July 20, 2011, LAEDC’s Kyser Center for Economic Research Chief Economist Nancy Sidhu, Ph.D., and a panel of economic experts pointed to signs that the Los Angeles County economy was making continued progress. The 2011-2012 Economic Forecast and Industry Outlook: Mid-Year Update also identified lingering problems in government spending, construction, and the regional housing market.

“Southern California is in the midst of a real growth period led by industries such as high tech, international trade, tourism and entertainment,” Sidhu said. “Though constraints are still influencing some sectors, Los Angeles County’s economy is seeing modest improvement in 2011 and should do even better in 2012. The path to recovery seems to be paved in front of us.”

The Kyser Center analysis pointed to Los Angeles County’s high unemployment rate of 12.6 percent during 2010 as a cause for the continued recession, but expected unemployment to fall to 11.5 percent by 2012. Sidhu explained that one of the problems facing job growth was the reluctance of business firms to rehire until they believe the recovery in their own sales and profits is well established.

The value of two-way international trade flowing through the Los Angeles Customs District surged by 22.6 percent during 2010. Increases of 6.7 percent and 4.6

percent will arrive in 2011 and 2012.

While bumps exist in the path to recovery, some of Los Angeles County’s industries, such as two-way international trade, entertainment, and the high tech industries were leading the region forward in 2010 and 2011 by scoring significant growth. For instance, international trade surged by 22.6 percent during 2010 while the entertainment sector has transformed into the leading job creator in Los Angeles County. Aided by growth in advertising and the state’s film tax credit, more filming is taking place in the county and in turn increasing the demand for skilled workers.

Frank Mottek, the host of KNX Business Hour on KNX 1070 NEWSRADIO, returned as moderator for the Mid-Year Forecast event and discussion panel that featured experts on the international, national, and local economies.

“There are plenty of headwinds and uncertainty in the markets right now,” said Perry Wong, senior economist for Los Angeles-based City National Bank, the largest bank based in Southern California. “The government must minimize the political risk of a dragged-on debt ceiling debate because it has the potential of derailing any current economic recovery.”

Tony Crescenzi, Executive Vice President, Market Strategist and Portfolio Manager for PIMCO, weighed in on the U.S. debt ceiling debate saying “there remains

much work to do with respect to reforming the nation’s entitlement programs, which account for about 60 percent of all U.S. spending.”

He went on to discuss challenges that could negatively impact future reforms over the medium- to long-term.

Despite mounting concerns about the national markets, Sidhu felt confident enough to affirm that Los Angeles County was past the very bottom of the recession, although she was careful to remind guests of the hard work left to do:

“Local government financing and the real estate sector are two areas we must continue to watch closely. California’s chronic budget crises continue to severely hamper local government funding and projects, leaving more people in the unemployment line and on the verge of default at home. Meanwhile, home values are down and vacancies in the nonresidential sector remain high.”

Sidhu closed the Mid-Year Forecast by applauding regional industry leaders for showing unity and leadership throughout the recession, and predicted Los Angeles County’s ultimate recovery as long as business played to its strengths.

To read the results of the Kyser Center’s Mid-Year Forecast report, please visit: www.laedc.org/kysercenter.

Kyser Center Sees Continued Progress In Economy

(Mid-Year Economic Forecast Speaker Panel. From left to right: Perry Wong; Richard Green, Ph.D., MBA; Nancy Sidhu, Ph.D.; Tony Crescenzi; and Donald Straszheim, Ph.D.; and moderator, Frank Mottek, KNX Business Hour.)

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Early this year, the California Office of Statewide Health Planning and Development (OSHPD) had a backlog of 6,216 projects in its Facilities Development Division with an estimated total construction cost statewide of $23.72 billion. The LAEDC Economic & Policy Analysis Group determined that unraveling this multi-billion dollar backlog could sustain direct, indirect, and induced impacts of 232,000 jobs with $15.1 billion in wages and $1.7 billion in state and local tax revenue.

To resolve this construction backlog, the LAEDC helped activate and lead a coalition of organizations from up-and-down the state (armed with this economic information) to put forth a three-part solution: 1) Provide OSHPD with an exemption from mandatory staff furloughs; 2) Authorize OSHPD to fill 30 engineer and architect vacancies; and 3) Authorize OSHPD to take advantage of its authority to contract out project reviews until

such vacancies are filled. What’s more, these fixes would cost the state General Fund little to nothing since they are fee-supported by the hospitals.

By June 2011—after months of letters to state legislators, opinion editorials, coalition building, social media, and one-on-one meetings with key elected officials—Governor Brown reduced OSHPD’s furloughs by 2/3 and authorized them to fill 26 vacant positions.

These changes have certainly helped, contributing to a nearly 11% decline in OSHPD’s construction backlog. However, there is still a backlog of $21.17 billion worth of hospital projects, which would generate more than 280,000 direct, indirect, and induced annual jobs statewide with labor income exceeding $17.5 billion and $1.4 billion in state and local tax revenue.

To ensure OSHPD is operating at full capacity going forward—and adding much-needed jobs to the California economy as well as the state and local tax revenue generated by those jobs—we have been working hard to see that OSHPD is provided with 1) an ongoing and general exemption from restrictive personnel reductions, e.g., furloughs and state hiring freezes; and 2) ongoing exemptions from overly restrictive administrative policies that impede progress, e.g., travel restrictions.

Governor Brown Authorizes OSHPD to Fill Vacancies, Paving the Way for More Jobs

Over the past few months, the LAEDC has been developing a blog network for its various websites.

We are happy to announce the launch of Laedc.tumblr.com, lacountystrategicplan.tumblr.com, and

chooselacounty.tumblr.com. The site allows visitors to read the latest updates about LAEDC’s strategic

initiatives, read our latest news, ask our economists questions, and much more.

For the new year, we plan on optimizing the sites for mobile devices and make it possible for visitors to

save articles, allowing users to read their favorite online content later.

Please follow us at twitter.com/laedc for the latest updates as we work to bring you greater content about

Los Angeles County’s economy and jobs.

LAEDC Launches Blog Network

Other Ways To Connect With Us ...

www.ChooseLACounty.com www.LACountyStrategicPlan.com www.wtca-lalb.org

@LAEDC laedc.tumblr.com facebook.com/LAEDC

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To stay informed about

LAEDC’s efforts, please

follow @LAEDC on Twitter!

2011 California PolicyThroughout 2011, the Los Angeles County Economic Development Corporation (LAEDC) focused its policy efforts on seven key areas which fit squarely within the Los Angeles County Strategic Plan for Economic Development. These efforts have helped the LAEDC make meaningful progress on the Plan’s implementation—thus enabling the community to make progress on our consensus goals to have a more prepared workforce, a more business-friendly environment, an enhanced quality of life, smarter land use policies, and a world-class, 21st Century infrastructure system. At the end of the 2011 legislative year, here are the results of the LAEDC’s efforts:

GOAL #1: PREPARE AN EDUCATED WORKFORCE ENSURING THE INTENT OF THE LONG BEACH COLLEGE PROMISE

The Long Beach College Promise program—a partnership between Long Beach Unified School District (LBUSD), Long Beach

Community College (LBCC), and California State University, Long Beach (CSULB)—tackles many of the barriers that prevent students from enrolling and succeeding in college by providing early and sustained outreach to students and families through college transition, academic support and guidance, guaranteed admission to CSULB for those students who meet the entrance requirements, and a tuition-free first semester for every local LBUSD graduate who enrolls at LBCC directly after high school graduation.

The Governor signed SB 650 into law on October 8, 2011.

GOAL #2: CREATE A BUSINESS-FRIENDLY ENVIRONMENT ESTABLISHING A PERMANENT GOVERNOR’S OFFICE OF ECONOMIC DEVELOPMENT

For years, California has had various entities with economic development and business

development-like functions in disparate agencies within the state government. This often gave an impression to outside companies that were interested in doing business here that there was not a central point of contact for economic development activities within the state of California. In April 2010, Governor Arnold Schwarzenegger issued Executive Order S-05-10, establishing a Governor’s Office of Economic Development (GoED), which would serve as the state’s single economic development entity and point of contact for businesses looking to locate or expand in California. An effort to codify this Executive Order failed in 2010.

The Governor signed AB 29 into law on October 6, 2011—establishing a permanent Governor’s Office of Business and Economic Development (GO-Biz).

ADDRESSING STATE REGULATORY REFORM

California’s complex regulatory system frequently contributes to the perception that California is one of the least business-

friendly states in the country. Following a presentation made by LAEDC COO David Flaks to the Senate Democratic Caucus in January 2011, which urged legislators to reform the regulatory system, a slew of bills focused on regulation and regulatory process reform surfaced. Shortly thereafter, at the request of the Senate President’s staff, the LAEDC served as a conduit between Senate Leadership and the broader business community on specific regulatory issues–even cataloging individual examples sent to the LAEDC from businesses and organizations across the state of regulations that are

duplicative, mutually contradictory, or excessively onerous and sending those examples to state leadership, urging them to take action.

On October 6, 2011 Governor Brown signed SB 617 into law.

GOAL #3: ENHANCE OUR QUALITY OF LIFE ALLEVIATING OSHPD’S $24B CONSTRUCTION BACKLOG

In early 2011, the California Office of Statewide Health Planning & Development (OSHPD) had a backlog

of 6,216 projects in its Facilities Development Division with an estimated total construction cost statewide of $23.72 billion. The LAEDC discovered that the nearly $24 billion in stalled projects could sustain direct, indirect, induced impacts of 232,000 jobs with a $15.1 billion in wages and $1.7 billion in state and local tax revenue.

After months of relentless letters to state legislators, opinion editorials, continuous coalition building and mobilization, aggressive use of social media tactics, and one-on-one meetings with key elected officials in the State Assembly, Senate, and Governor’s Office, Governor Brown authorized OSHPD to fill 26 vacant positions, allowing the agency to begin addressing this multibillion dollar backlog of approvals for hospital construction projects. By June 2011, OSHPD’s furloughs were reduced by 2/3 and they were able to begin filling these 26 vacant positions.

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Two Trade Missions Result in Successes: London & Berlin Trade Mission Results in Los Angeles-Based Mercedes-Benz Driving Academy and

GOAL #5: BUILD 21ST CENTURY INFRASTRUCTURE

STRENGTHENING THE CALIFORNIA I-BANK

The California I-Bank was established in 1994 and is intended to provide a critical means of funding

to local governments and private and nonprofit entities to promote economic growth, revitalize communities, and enhance overall quality of life in California. Since its inception, the I-Bank has authorized over $30 billion in revenue bonds and direct loans, proving to be a valuable economic and critical infrastructure development tool for the state.

Although AB 700 sailed through both the California Senate and Assembly, it was unfortunately vetoed by Governor Brown on October 5, 2011 with the following statement promising that theI-Bank will be reorganized in a way that makes it more effective in delivering critical infrastructure and economic development projects:

“I agree with the author that the I-Bank can be better situated so that it operates more effectively. Toward that end, I will propose a reorganization plan in connection with the upcoming budget that will include changes in the I-Bank.”

GOAL #4: IMPLEMENT SMART LAND USE REFORMING CEQA

The California Environmental Quality Act’s (CEQA) original intent was to provide a public

process where each citizen is able to weigh in on development matters that affect the environment. However, CEQA has been usurped by those who would choose to use it for nonenvironmental purposes—e.g., thwarting competition, obtaining “go away” money, and exacting labor concessions. These abuses of CEQA have caused significant delays on projects, which have contributed to the loss of much-needed jobs, most notably in California’s decimated construction industry (where more than 300,000 jobs have been lost since late 2007).

Despite this setback, the LAEDC’s efforts to improve CEQA have not ended. Currently, the LAEDC is working with a coalition of stakeholders to develop a CEQA improvement framework, which at-once strengthens the environmental protections of CEQA, while mitigating the abuses of the statute that have nothing to do with the environment.

PROTECTING CALIFORNIA’S ENTERPRISE ZONE PROGRAM

The Enterprise Zone Program plays a key role in revitalizing economically-challenged areas throughout

the state, encourages development in blighted neighborhoods, and creates economically-stable communities by embracing entrepreneurship and private sector market forces to stimulate local economies. Here in Los Angeles County, we have eight Enterprise Zones (including Santa Clarita which recently received a conditional re-designation) that deliver numerous benefits for employees and employers and create economic growth and stability for the region.

At the end of the 2011 legislative year, the program remained intact.

Committed to philanthropic activities, community leadership, and promoting education and understanding of the Chinese language, art, and culture, Ng became the first Asian American campaign chair for United Way of Greater Los Angeles (2000-2001). Centered on educating the Chinese American community on the importance and benefits of supporting United Way, Ng’s campaign raised record funds, broke a long-standing ethnic barrier, and now serves as a model and best practice for United Way chapters and other charities around the country.

“Dominic has positioned East West Bank as a leading national banking institution, providing significant capital and investment in Los Angeles County and a key financial bridge to our growing trade and investment partners throughout Asia,” said LAEDC President and CEO Bill Allen.

The Eddy Awards® also recognized LAWA as this year’s corporate honoree. LAWA owns and operates a system of three airports: Los Angeles International (LAX), LA/Ontario International (ONT) and Van Nuys (VNY). LAWA recently initiated a capital improvement campaign at LAX, Southern California’s premier airport, totaling more than $4 billion to improve customer satisfaction and modernize the airport’s facilities. LAX serves more than 59 million passengers every year, and is the world’s busiest origin and destination airport.

“Los Angeles World Airports has created outstanding opportunities through its management of a multi-billion dollar improvement project to modernize facilities at Los Angeles International Airport. New construction, including the Bradley West Project, means one of our hardest hit industries, construction, will see 39,000 new jobs and close to $7 billion in economic impact to our economy,” said LAEDC President and CEO Bill Allen. “Gina Marie Lindsey and the team at LAWA should be commended for their leadership and efforts to maintain LAX’s status as the premier gateway to Asia and our region’s reputation as a premier destination for trade, tourism, and investment throughout the world.”

Eddy Awards® (Continued from Page 1.)

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For more information on the 2011 California Policy Update, visit LACountyStrategicPlan.com/

about/progressreportcard.html.

Update

Earlier this year, the LAEDC’s newly-formed Economic and Policy Analysis Group delivered a report, entitled “The Greening of the Los Angeles Economy,” to the U.S. Economic Development Administration (EDA). Commissioned in 2008 by the EDA, the report closely examined the Los Angeles region’s $500 billion economy with the goal of evaluating the challenges and opportunities that arise from greening a large economic center.

The result was a close identification and inspection of Los Angeles’ fifteen industry clusters including automotive manufacturing, construction, entertainment, fashion, financial services, food and beverages, food products, furniture, goods movement, government, health services, higher education, jewelry manufacturing, materials and machinery, membership organizations, professional and business services, real estate, repair and maintenance, retail, technology, tourism and hospitality, utilities, waste management, and wholesale trade and logistics.

As it turns out, Los Angeles’ rich history as an environmental leader and diverse economy predisposed the region as the perfect test case for future green economy endeavors nationwide. Thanks in part to the strong environmental tradition in the Los Angeles region, California has historically led the nation on environmental protection.

In 1947, the first Air Pollution Control District in the United States was established in Los Angeles—long before the national environmental movement took place. Twenty years later, following the Santa Barbara oil spill in 1969, the California Air Resources Board was formed to address air quality and create

industry standards throughout the Golden State.

Both of these events demonstrated the region’s and the State’s commitment to protecting the environment. Since then, California has enacted rules and regulations covering everything from stringent standards for vehicle emissions to public notice requirements for toxic chemicals.

The results are reflected in per capita electricity consumption: consumption in California is among the lowest in the country and has remained roughly flat since 1980 while the national average has risen by about 40 percent. The improvements are visible in Los Angeles, where the air quality is significantly better than it was in the 1970s despite the addition of several million more vehicles.

In 2006, California Governor Arnold Schwarzenegger signed into law Assembly Bill (AB) 32, which requires a series of measures targeting an overall reduction in greenhouse gas emissions to 1990 levels by the year 2020, with an additional reduction to 80 percent below 1990 levels by 2050. AB 32 is joined by a variety of state and local measures, such as the adoption of green building codes, the passage of low impact development ordinances, and the promotion of drought-resistant landscaping. These laws, regulations, and programs serve as both the backdrop and motivation for a green revolution that promises to transform the economy—creating some new industries, hurting others, and at least touching the operations of all the rest.

We expect Los Angeles County to be at the forefront of the greening of the global economy for several reasons. First, with a population exceeding 18.6

million, the Southern California region presents a large market for green goods and services and, by itself, can create enough demand to influence greening trends.

Also, the region’s prosperity means that it is better positioned than many emerging economies to afford the often expensive up-front costs associated with greening. For example, the five-county region of Los Angeles, Orange, Riverside, San Bernardino, and Ventura had an economy slightly larger than Mexico’s and almost as large as Australia’s.

Finally, the breadth of Los Angeles County’s economy, led by its 15 export-oriented industry clusters and its established role as an international trade hub, ensure that just about every developing green trend will be relevant in Los Angeles County’s economic future.

To read the results of the LAEDC’s report, The Greening of the Los Angeles Economy, please visit: www.laedc.org/reports/GreenEconomy.pdf.

The Greening of the Los Angeles Economy

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Jaimie du Bois

Marketing Manager

Jaimie joined the LAEDC in April 2011 as marketing, design, and web support to both the LAEDC and the WTCA-LA/LB.

Prior to joining the LAEDC, Jaimie worked

in marketing communication roles for several media and hospitality companies throughout Florida and Los Angeles.

She can be reached at (213) 236-4847.

Colin Maynard

Public Relations Director

Colin joined the LAEDC in April 2011 and directs all social media and public relations efforts.

Before coming to the LAEDC, Colin was the Creative Director and

Founder of Invent Communications where he developed online marketing and new media strategies, including messaging for a number of clients. He was also a public relations consultant for California Forward.

He can be reached at (213) 236-4845.

Natalia Nyczak

Trade Assistant

Natalia joined the WTCA-L.A.-LB in July 2011 as the trade assistant providing support to the WTCA-L.A.-LB in their trade facilitation, business attraction, and trade mission projects.

Before joining the LAEDC, she helped draft a business plan for a rehabilitation center for low income residents of Pomona and worked for the USC Office for Parent Programs as the Program Assistant.

She can be reached at (213) 680-1888.

LAEDC Welcomes New Staff Members The LAEDC recently

announced the appointment of a new Chief Operating Officer, David Flaks. David previously held the position of LAEDC Senior Vice President of Strategic Initiatives

where he oversaw the organization’s public policy, economic and policy analysis, and communications and marketing operations.

In a letter to LAEDC members, Bill Allen praised David as a leader both within the organization and externally as an instrumental advocate for the Los Angeles County region and the state of California.

“Through all our success over the past few years it has become clear to me, and I’m sure to most of you, that David Flaks has become a real thought leader for our region and state, and a very important partner to me in the leadership of the LAEDC,” said Allen. “I hope you will join me in congratulating David and continue to work with him and the rest of the LAEDC staff to achieve our shared vision of ensuring a strong, diverse and sustainable economy for L.A. County’s residents and communities.”

LAEDC Chair and Former California Speaker of the Assembly Robert

Hertzberg added praise for David’s work on behalf of Los Angeles County:

“David Flaks has been a leading voice on important local and state public policy and continues to be a thoughtful voice for economic and job growth throughout California. On behalf of the Board of Governors of the LAEDC, I would like to congratulate David on his new role as Chief Operating Officer. Through his dedication and passion for Los Angeles County, the LAEDC will continue to raise the bar and increase its impact and effect fighting for desperately-needed jobs in our community.”

The move to COO will allow David to leverage the capabilities of the LAEDC’s successful Kyser Center for Economic Research, Business Assistance Program, and Strategic Initiatives into a single powerful and collaborative force to deliver the LAEDC’s critically important mission. The new alignment represents the integration of expert business assistance and economic teams with a highly effective policy and message delivery system that will continue toserve as a vital community resource while promoting strategies that advance economic growth and competitiveness in L.A. County, Southern California and throughout the entire state.

David Flaks Promoted To Chief Operating Officer

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We’re Moving Up!Effective February 1, 2012, the LAEDC will have a new address!

Our new address will be:

Los Angeles County Economic Development Corporation444 South Flower Street

37TH FLOORLos Angeles, CA 90071

AECOM is a global provider

of professional technical and

management support services

to a broad range of markets,

including transportation, facilities,

environmental, energy, water and

government. With approximately

45,000 employees around the world,

AECOM is a leader in all of the key

markets that it serves. AECOM

provides a blend of global reach,

local knowledge, innovation and

technical excellence in delivering

solutions that create, enhance and

sustain the world’s built, natural and

social environments. A Fortune 500

company, AECOM serves clients in

approximately 125 countries and had

revenue of $7.7 billion during the 12

months ended June 30, 2011.

AECOM is ranked by Ethisphere

as one of the world’s 110 most

ethical companies for 2011. AECOM

provides clients with complete

access to their greatest resource —

their people. With greater access to

AECOM’s worldwide capabilities and

professional expertise, their clients

benefit from seamless delivery on

every project.

More information on AECOM

and its services can be found at:

http://www.aecom.com.

Board of Governors Members:

Metre Anthony, Economic Development AdministratorCity of Cerritos

Forrest Beanum, Vice President, Communications and Public AffairsCODA Automotive

Holger Besch, AssociateSeyfarth Shaw, LLP

Jeff Boynton, Assistant City ManagerCity of La Mirada

Eric Brown, Director of Intergovernmental RelationsHousing Authority City of Los Angeles

Greg Carpenter, Director, Planning & Building SafetyCity of El Segundo

Sandra Chen Lau, Executive DirectorAsia Society Southern California

Vito Costanzo, PartnerHolland & Knight LLP

John Di Carlo, Managing PartnerWindes & McClaughry Accountancy Corporation

Donna Estacio, Managing Director, State and Community AffairsAmerican Airlines

Charles Felix, Special Projects Coordinator, Economic DevelopmentCity of Lomita

Rob Gluck, Managing DirectorHigh Lantern Group

Gail Goldberg, Executive DirectorUrban Land Institute-Los Angeles

Julia Gonzalez, Community & Economic Development Deputy DirectorCity of Pico Rivera

Maureen Hayes, Senior Vice President and Regional Development Executive for CaliforniaParsons

John Howland, Vice PresidentCerrell Associates Inc.

Carlos Illingworth, Manager of Public Affairs & Government RelationsVons

Matthew Knabe, PartnerEnglander Knabe & Allen

Caroline Leach, Vice President of CommunicationsDIRECTV, Inc.

Ken Lee, Economic Development ManagerCity of Irwindale

Gregory Less, Inside Sales ManagerJacobs Engineering Group

David Macdonald, Senior Vice President, Commercial ExecutiveHSBC Bank USA

Roger Martinez, PartnerCrowe Horwath LLP

Howard Maycon, PartnerCozen O’Connor

John Miller, Vice ChancellorPepperdine University

Tracy Rafter, CEOLos Angeles County Business Federation

Christopher Ray, PartnerKPMG LLP

Megan Roach, Senior Management AnalystCity of Beverly Hills

Al Sabo,Vice President, Financial Services Sector-US WestIBM

Wes Schaefer, Vice ChairmanAmerican Business Bank

Carrie Stewart, Vice President of Institutional AdvancementOtis College of Art and Design

LAEDC New Member Activity(since March 2011)

14

2

Dr. Chi Honored By U.S. China Policy Foundation

On November 3,

Dr. Zhihang Chi,

Vice President and

General Manager of

Air China Limited,

and LAEDC board

representative

for Air China, was

in Washington, D.C. to receive the

“China Business Leadership Award”

presented by the U.S.-China Policy

Foundation.

Dr. Zhihang Chi has extensive

experience in the airline industry,

having worked in a number of

increasingly responsible positions

for Northwest Airlines from 1994 to

2003 and with Air China since 2004.

During his years at Northwest he

developed and managed a number

of strategic alliances with other

international carriers, especially

Chinese Air carriers.

Joining Air China in 2004, he was

responsible for Air China’s Los

Angeles office for two years, was

then promoted to General Manager,

Western U.S. in November 2006 and

named Vice President and General

Manager, North America, in April

2008.

Born in China and now a U.S.

Citizen, Dr. Chi is fluent in Chinese

and English and has knowledge

of Japenese, Russian and French

languages. He earned his

doctorate and master’s degrees

from Massachusetts Institute of

Technology’s Sloan School of

Management and his undergraduate

degree at Peking University in Beijing.

Hiro Tanaka, Executive Vice PresidentJapan Business Association

Gustavo Valdespino, President & CEOValley Presbyterian Hospital

Elizabeth Warren, Executive DirectorFuturePorts

Executive Committee Members:

Cathy Berg, Regional Vice President, Passenger Sales, Western USAmerican Airlines

Michael Bushey, Manager, Business Solutions and Economic Development ServicesSouthern California Edison

Daniel deBrauwere, Senior Vice President-Regional ManagerUS Bank

Janelle Etchepare, Metro Los Angeles Regional DirectorManpower

Kris Gagnon, Chief Credit OfficerOneWest Bank

Robert Hertzberg, PartnerMayer Brown LLPLAEDC Chairman

Calvin Hollis, Executive Officer Countywide Planning and DevelopmentLACMTA-Metro

Paul Kurzawa, Chief Operating OfficerCaruso Affiliated

Andrew Lustgarten, Corporate Managing DirectorStudley

Antonio Manning, Region Executive West/Southwest Global PhilanthropyJP Morgan Chase Bank

Mitra Novin, Manager, California Government RelationsThe Boeing Company

Maura O’Connor, Managing PartnerO’Connor Cochran LLP

Armando Ramirez, Vice President, Director of Governmental Affairs, US West RegionAECOM

Michael Spindler, Managing DirectorNavigant

Tania Van Herle, Managing PrincipalHarley Ellis Devereaux

Patricia Wagner, Vice President, Accounting & FinanceSouthern California Gas Company

Economic Patron Companies:

JP Morgan Chase BankSouthern California Edison

Economic Leader Company:

American Airlines

Industry Leader Companies:

Caruso AffiliatedMayer Brown LLPO’Connor Cochran LLPStudley Corporate Member Companies and Cities:

Cerrell Associates, Inc.City of CerritosCity of La MiradaCity of LomitaCity of Pico RiveraCODA AutomotiveCozen O’ConnorCrowe Horwath LLPEnglander Knabe & AllenHigh Lantern GroupHolland & Knight LLPParsonsValley Presbyterian HospitalVonsWindes & McClaughry Accountancy Corporation

Affiliate Member Companies:

Centennial FoundersExpedia Partner Services GroupECOtality, Inc.Hospital Association of Southern CaliforniaHPA, Inc.Lloyds TSB InternationalSchneider ElectricVeolia Water

Strategic Partners:

Los Angeles County Business FederationFuturePorts

15

LAEDC would like to thank the following Economic Leaders:The LAEDC Business Leader is produced by the LAEDC Marketing & Communications department.

EDITOR & WRITERNhien LaskyVice President, Marketing &

Communications

DESIGNER & WRITERJaimie du Bois

Marketing Manager

CONTRIBUTING WRITERColin MaynardPublic Relations Director

LOS ANGELES ECONOMIC DEVELOPMENT CORPORATION

444 S. Flower Street, 34th FloorLos Angeles, CA 90071(213) 622-4300

As the Southern California region’s

premier economic development

organization, the LAEDC’s mission is

to attract, retain, and grow business

and jobs in the regions of Los

Angeles County.