TV'S ALLEN TO LEAD LAEDC.Byline: Gregory J. Wilcox and Evan Pondel Staff Writers
Veteran television executive William C. ``Bill'' Allen, who helped organize the Economic Alliance of the San Fernando Valley San Fernando Valley
Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. in the 1990s, will take over leadership of the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County Economic Development Corp. in January.
The nonprofit group's board of directors on Wednesday elected Allen to replace Lee Harrington, who will step down in June. Harrington led the LAEDC LAEDC Los Angeles Economic Development Corporation
LAEDC Louisiana Economic Development Council for 10 years.
Allen starts as president and chief executive officer of the LAEDC on Jan. 16, when Harrington will become the group's vice chairman.
``I truly believe that the vibrant, diverse, and entrepreneurial L.A. business community has no greater friend or champion than the LAEDC,'' Allen said in a statement.
LAEDC chairman and Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Market president Rod Banks credited Harrington's leadership with helping to strengthen the regional economics. In his 10 years, the Years, The
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See : Time organization's Business Assistance Program is credited with retaining or creating more than 100,000 jobs in Los Angeles County, with an economic value of more than $3.5 billion annually and generating more than $200 million annually in tax revenues for state and local government and schools.
``(Allen is) the perfect replacement to take the group to the next level,'' Banks said.
Bruce Ackerman Bruce Arnold Ackerman (born August 19, 1943) is a famous constitutional law scholar in the United States. He is a Sterling Professor at Yale Law School and one of the most frequently cited legal academics in the country. Biography
Ackerman received his B. , who succeeded Allen as president and chief executive officer of the Valley Economic Alliance, said Allen knows the economic development business inside and out, and will bring a collaborative approach to his new job.
``What a coup. I love it,'' Ackerman said. ``It's fabulous. It's going to be absolutely incredible. The Valley boys are really making an impact downtown.''
In addition to his entertainment industry background, Allen has been involved in regional economic development issues for the past decade.
He was the first chief executive officer of the Economic Alliance of the San Fernando Valley, leading this group from 1997 though 2000. That year, he was also named California's Civic Entrepreneur of the Year by the California Center for Regional Leadership.
While head of the Alliance, Allen helped raise more than $5 million and assembled a public-private partnership Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3. involving all the leading cities, colleges and business organizations in the Valley, including the Daily News.
During this time, the Alliance also initiated programs to expand international trade, improve local education and enhance work force development programs.
One of the biggest challenges for the region and Valley is finding solutions to public transportation issues. Allen helped organize regional transit planning summits in 1997 and 1998, which led to creation of the recently opened Orange Line busway in the Valley.
Allen also came up with the region's ``Valley of the Stars'' marketing campaign that included television commercials, showpiece show·piece
Something exhibited, especially as an outstanding example of its kind.
1. anything displayed or exhibited
2. publications, Web sites and high-profile media events like the nationally televised Ladies Professional Golf Association Valley of the Stars Championship and the annual Star of the Valley Awards, which have been hosted by the Walt Disney Co., Universal Studios and Warner Bros BROS Brothers
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Allen is currently president of Meadowlane Enterprises Inc., vice chairman of the Alliance, and a member of the boards of directors of Health Dynamics Inc., the Rossier School of Education at University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission and Valley Presbyterian Hospital, for whom he also co-chairs the Shaping Tomorrow capital campaign.
Gregory J. Wilcox, (818) 713-3743