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DT #687 How Los Angeles Stays a Global Economic Powerhouse

Develop This: Economic and Community Development

Release Date: 09/30/2026

DT #687 How Los Angeles Stays a Global Economic Powerhouse show art DT #687 How Los Angeles Stays a Global Economic Powerhouse

Develop This: Economic and Community Development

What does it take to lead one of the world's most dynamic regional economies? In this episode of Develop This!, sits down with , CEO of the , to discuss his unconventional journey from social work to leading one of the nation's largest economic development organizations. Stephen shares how his diverse career shaped his leadership style and explains why listening, collaboration, and long-term thinking are essential to building resilient communities. He also discusses how Los Angeles has leveraged its diversity, innovation, and global connections to remain one of the world's leading economic...

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How can entrepreneurship become the driving force behind stronger, more resilient communities? In this episode of Develop This!, talks with , Economic Development Specialist for the City of Arlington, about his unconventional journey from aspiring pediatric neurosurgeon to economic development leader and why entrepreneurship should be at the center of every community's growth strategy. Josh explains how entrepreneurship and economic development go hand in hand, arguing that thriving local businesses create the foundation for long-term economic success. He shares lessons from Brownsville's...

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Do you have to be an extrovert to be a great networker or public speaker? In this episode of Develop This!, sits down with to explore how introverts—and anyone who feels uncomfortable in networking situations—can build authentic connections, gain confidence, and thrive in professional settings. Mark explains why successful networking isn't about collecting business cards or dominating conversations. Instead, it's about showing genuine curiosity, asking thoughtful questions, and focusing on the other person. He shares practical strategies for "working the room," creating meaningful...

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What really happens before a company announces a major investment—and how do communities make the shortlist? In this episode of Develop This!, sits down with , Vice Chairman at , to explore the behind-the-scenes world of site selection and what it takes for communities to compete for major economic development projects. Seth explains the extensive analysis that happens long before a project becomes public, from evaluating infrastructure and workforce availability to assessing risk, political stability, and long-term business viability. He also shares how AI and advanced data tools are...

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Are data centers the next essential piece of America's economic infrastructure? In this episode of Develop This!, sits down with to explore the growing debate around data centers, AI, and the infrastructure needed to support the digital economy. Gene compares today's data center expansion to the development of America's railroads, arguing that major technological advances often face resistance before becoming essential parts of everyday life. The conversation also examines concerns surrounding electricity, water usage, environmental impact, incentives, and local opposition. Gene discusses...

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More Episodes

What does it take to lead one of the world's most dynamic regional economies?

In this episode of Develop This!, Dennis Fraise sits down with Stephen Cheung, CEO of the Los Angeles County Economic Development Corporation (LAEDC), to discuss his unconventional journey from social work to leading one of the nation's largest economic development organizations.

Stephen shares how his diverse career shaped his leadership style and explains why listening, collaboration, and long-term thinking are essential to building resilient communities. He also discusses how Los Angeles has leveraged its diversity, innovation, and global connections to remain one of the world's leading economic hubs.

The conversation explores LA's competitive advantages, including its strength in international trade, aerospace, entertainment, life sciences, and emerging industries. Stephen also highlights the importance of infrastructure, foreign direct investment, and regional partnerships in supporting long-term economic growth.

Another major focus is resilience. From natural disasters to economic disruptions, Stephen explains how communities can prepare for uncertainty while continuing to attract investment and create opportunities. He also shares how Los Angeles is preparing for the 2028 Olympic Games and other global events that will shape the region's future.

Throughout the episode, Stephen reflects on the importance of relationship-building, global collaboration, and embracing new technologies like AI to stay competitive in a rapidly changing economy.

A key takeaway? Strong regional economies are built through collaboration, resilience, and leaders who can unite diverse stakeholders around a shared vision.

Key Takeaways

  • Diverse industry clusters strengthen long-term economic resilience

  • International trade and global partnerships remain critical to regional growth

  • Infrastructure and collaboration drive sustainable economic development

  • Preparing for major global events creates lasting economic opportunities

  • AI and emerging technologies are reshaping economic development strategies

  • Effective leadership begins with listening and building strong relationships

Key Topics Covered

  • Stephen Cheung's journey into economic development

  • Los Angeles' diverse economy and industry clusters

  • International trade and foreign direct investment

  • Regional resilience and disaster recovery

  • Preparing for the 2028 Olympic Games

  • Leadership, collaboration, and future economic trends

Sound Bites

  • “Stephen Cheung's career path was not linear.”

  • “LA hosts multiple major sporting events and teams.”

  • “AI is a key trend for economic developers.”