GOAL 2
Strengthen our local, export-oriented industry clusters

Focused industry cluster development can unleash incredible growth potential, particularly when used as an approach that cuts across the traditional tools of economic and workforce development.

Align regional economic, networking and physical assets to build capacity in key clusters

Develop new physical spaces and renovate existing ones to support research, incubation, shared use, development and production in key traded clusters

  • LA BioMed closes on financing to build new bioscience research facility and incubator

Port of Los Angeles

  • AltaSea breaks ground on a new research, education and business hub focused on the blue economy

Form sector-based partnerships between community and four-year colleges, as well as regional workforce system partners, such as Workforce Development Boards and labor union apprenticeship and labor management training programs, to train and place talent in key clusters

LAEDC/LA Chamber

  • Launched Workforce Development Council in conjunction with the LA/OC Regional Consortium of 19 community colleges

Identify industry trends, and perform asset and gap analyses to guide capacity building, and fill gaps along the value chain, from research to design to build to export, in leading and emerging industry clusters and sectors

LAEDC

Launch of several reports to provide industry analysis:

  • Powering Economic Opportunity – Inaugural report examining the demand for, and supply of, talent. This ground-breaking report focuses on the region’s community college supply of talent to better align skilled graduates with projected hiring by local employers.
  • Entertainment & the Rise of Digital Media – The report is the first to define the rapidly growing “digital media” industry and its occupations in Los Angeles; analyzes the overlap with the traditional entertainment industry, and the changing skills needs of both industries.

Promote a legislative, regulatory and policy environment that supports key clusters

Advocate for tax, legal, permit and regulatory regimes beneficial to key traded clusters, and oppose local, state and federal legislation that would harm key traded clusters

LAEDC

Launched Policy Committee, with two meetings held in 2017. Policy Committee will help advocate for legislation beneficial to LA region’s key traded clusters.

Speakers included State Senator Ben Allen and ASM Al Muratsuchi.

  • AB 427 – Authored by ASM Muratsuchi. As introduced, would establish the California Aerospace Commission to foster the development of activities in California related to aerospace, including, but not limited to, aviation, commercial and governmental space travel, unmanned aerial vehicles, aerospace education and job training, infrastructure and research launches, manufacturing, academic research, applied research, economic diversification, business development, tourism, and education.