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Los Angeles County Economic Development Corporation

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  • Jamie Richards

LAEDC Welcomes New Chair Steve Nissen and Names Stephen Cheung as COO

Rudy Medina, the President of U.S. Bank’s Southern California Market will serve as LAEDC’s Vice Chair, and Dr. Dianne Harrison, President of CSUN concludes her term as LAEDC Chair


LOS ANGELES, CA (July 1, 2020) – The Los Angeles County Economic Development Corp (LAEDC), the region’s nonprofit public-benefit economic development leadership organization today announced the election of Steve Nissen as Chair of LAEDC’s Board. In addition, LAEDC’s Stephen Cheung has today been promoted from the position of Executive Vice President to Chief Operating Officer (COO). Accompanying these executive changes, Rudy Medina, President of U.S. Bank’s Southern California Market has been elected as LAEDC’s Vice Chair.


In announcing these leadership changes, LAEDC CEO Bill Allen explained they accompany changes in LAEDC’s strategic direction as the organization focuses more intentionally in the post COVID-19 world on reinventing the Los Angeles regional economy to pursue greater growth, equity, environmental sustainability and resilience, and provide a healthy and high standard of living for all.





David Flaks is staying on as President of LAEDC for a few more months to help manage the organization’s leadership and planning transitions before he moves on from the LAEDC to take on new challenges.


LAEDC’s Chair and Vice Chair positions are one-year posts, effective from July 1st to June 30th. To learn about becoming a member of the LAEDC and serving the public good, please contact Elsa Flores, Vice President of Strategic Relations, at Elsa.Flores@laedc.org.

About LAEDC www.laedc.org


Los Angeles County Economic Development Corporation (LAEDC) works to advance opportunity for all in the Greater Los Angeles region, and strives to reinvent our economy to collaboratively advance growth and prosperity for all. This is achieved via economic development leadership, objective economic research and analysis, strategic assistance to business, education and government, and targeted public policy. LAEDC was established in 1981 as a private, non-profit, public benefit corporation.

Media contact: Lawren Markle, LAEDC, Lawren.Markle@laedc.org , 213-236-4847