The El Segundo Economic Development Advisory Council (EDAC) serves as a forum for effective collaboration leading to the identification of responsible development strategies in the city.
The Council exists to provide support and guidance to city staff and advise City Council on business attraction and retention. EDAC assists with the implementation of the City of El Segundo’s Economic Development Program.
Started in 1995 by former Mayor Carl Jacobson, EDAC has continued to grow in numbers. Its strength has risen as well, with members from all sectors of business joining the organization. With the incorporation of funds from the Chevron El Segundo Refinery, complemented by Continental Development Corporation, EDAC has been integral in building a brand that has defined the city as a place “Where big ideas take off.”
Through an integrated marketing approach and key influencers, EDAC has been successful in their endeavor to attract and retain businesses in El Segundo. Thanks to these efforts, El Segundo has twice been named Most Business-Friendly City by the Los Angeles County Economic Development Corporation.
As we look ahead, EDAC will be focused on recommendations and support in these four areas of opportunity:
- Business Retention
- New Business Attraction
- Hospitality and Tourism
- Long-Term Strategic Planning
With the continued work of our committed members and support from our city partners, we look forward to all the coming year will bring.