LAEDC is also known as Los Angeles Economic Development Corporation. Established in 1981, it is a private, nonprofit business organization. LAEDC provides more than $100 million annual tax revenue benefits to local government and educational institutes in Los Angeles. The organization provides a range of business and job opportunities. It offers various business assistance services, such as work force development, financial assistance and project management. LAEDC also provides economic information and consulting services. The organization additionally promotes various programs and initiatives, such as the Center of Economic Development, which is a regional business program. It provides data on various industries in the region and publishes an e-mail newsletter, The e-EDGE.