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Programs and InitiativesAs part of its overall mission, the LAEDC promotes various programs and
initiatives like the Center of Economic Development. The Center of Economic DevelopmentThe Center of Economic Development is a regional program of the LAEDC, a 501(c) (3) public benefit corporation. As a program of the LAEDC, the Center benefits from related work of the LAEDC's acclaimed Business Assistance, Economic Research and Consulting Programs which provide separately funded connectivity to the business community and public sector clientele. The Center's work will be funded, prioritized and approved by the Southern California Leadership Council to support and enable regional business leadership and impact on critical public policy issues impacting southern California. Policy issues will be addressed using a "Ready, Aim, Fire" methodology to support effective business leadership. Step 1: ReadyThe Center will provide analysis to the Council on a limited number of potential policy projects to pursue. The analysis will address the following criteria:
Examples might include Gridlock, Regulatory Burdens on Business, CPUC Rate Policies, Energy Supply Shortfall, etc. The Leadership Council will select one or two critical policy initiatives, providing insight and guidance for the development of a project work plan. Step 2: AimThe Center will then develop analysis of issues and possible solution paths including identification of stakeholders, impediments to success, necessary funding, financing, nature of business leadership necessary (e.g., political advocacy, media communications program, public education campaign, speaker's bureau, public-private dialogue or partnership, etc.) Step 3: FireThe Leadership Council will review work and recommendations of the Center and develop and assign implementation tasks including necessary fund raising for initiatives. Measures of success will be developed along with project implementation plans and schedules. Political advocacy will be effected through state or regional business advocacy organizations. Other implementation strategies will be developed by the Center using project teams for implementation. Status on project implementation and measures of success will be provided to the Council for monitoring, feedback and direction. As a policy initiative is completed, the ready, aim, fire process will be repeated to identify the next initiative. Recent StudiesThe Center was also involved in the following LAEDC studies:
Impacts on Policy
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