The San Gabriel Valley Economic Partnership will play a role in the development of a bioscience industry cluster implementation plan as part of a coalition of biosciences-related stakeholders led by the Los Angeles Economic Development Corporation (LAEDC). The goal of the plan is to create skilled jobs and build capacity by leveraging the region's resources in innovation, R&D, talent development, physical and real estate assets, and all stages of financing to foster significant growth in the bioscience industry in the Los Angeles County region.
On Tuesday, the Los Angeles County Board of Supervisors approved a $250,000 contract with the LAEDC to lead in the development of the plan. The Partnership will serve as a supporting organization to provide information on bioscience businesses in the San Gabriel Valley and what is needed to encourage industry growth.
“The bioscience industry has grown steadily in the San Gabriel Valley due to the growth of the healthcare industry, the premier bio-medical colleges and universities in our region, and a growing support network of incubators,” said Cynthia Kurtz, President and CEO of the Partnership, “We look forward to leveraging our region’s resources to foster the successful growth of this industry.”
The coalition is comprised of a team of organizations, including:
- The LAEDC, coordinating the development of the implementation plan, a 501c3 and the region's leader for economic development and industry cluster strategy and implementation, including real estate advisory services through its LA Public Landowner Assistance Network. http://www.laedc.org/
- BioAccel, a 501c3, works with qualifying entrepreneurs and their early-stage bioscience technology and medical device companies to identify start-up funding as well as provide training and mentorship to accelerate commercialization, improve healthcare, and diversify economic development. http://bioaccel.org/
- Biocom, one of the largest regional life science associations in the world, representing more than 700 member companies in Southern California, and a key driver of San Diego’s bioscience industry growth. https://biocom.org/
- Collaborative Economics, which performs regional industry cluster economic development and workforce development with specific experience in the bioscience industry.http://www.coecon.com/
- CommonWeal, which identifies and engages networks of serial entrepreneurs, investors and their affiliated companies that play a critical role in driving value creation and robust regional economies.
- Keck Graduate Institute (KGI), a higher learning institution and leader in professional development, with an educational and research mission to translate basic scientific discoveries into practical health applications. http://www.kgi.edu/
- Additional supporting organizations in the effort include Barbara Halsey Consulting, which facilitates partnerships between the public and private sectors to move workforce, education and social improvement projects forward, Hart Realty Advisors, specializing in real estate investment management, San Gabriel Valley Economic Partnership, providing regional support and field staff, Santa Clarita Valley Economic Development Corporation, providing regional support and field staff, and the Valley Economic Alliance, providing regional support and field staff.