Vermont Slauson Economic Development Hosts Annual Partners Meeting to Develop Strategies to Impact South Los Angeles and Beyond
The Vermont Slauson Economic Development Corporation (VSEDC) proudly hosted a Partners Luncheon on Thursday, April 25, 2019 at the LA Grand Hotel. With more than 37 banking partners in attendance, the meeting demonstrates how banking institutions, community nonprofits, and Community Development Financial Institutions (CDFI) can work collaboratively to help communities thrive.
“Thanks to the support of such diverse allies, VSEDC shapes neighborhoods that need support the most,” said President & CEO, Joseph T. Rouzan III. “Thanks to their investment, we can continue providing comprehensive resources and make 2019 an even more impactful year.”
And while the luncheon provided a platform for partners like City National, Cathay Bank, Pacific Premier, and Union Bank to fellowship, VSEDC also released its 2018 annual report. Along with program highlights from the year, the report also celebrates the enormous accomplishment of VSEDC’s newfound CDFI distinction. This accolade allows the organization to provide development services, financial products, and financial services that help customers build wealth and achieve the goal of participating in the “ownership” society.
“The Partners Luncheon was a perfect opportunity to discuss the formulation of our youth division, which includes a Teen Tech Center at our Business Enterprise Center,” said VSEDC’s Chief Operating Officer Dr. Gregory Burks. “Because of our banking partners’ financial support, we are building upon VSEDC’s legacy of infusing resources into South Los Angeles and beyond.”
VSEDC appreciates each and every one of its partners for their remarkable contributions. Their support paves the way for entrepreneurs and businesses to soar at every stage of the journey.
VSEDC facilitates community development of the South Los Angeles area by providing programs structured to revitalize the physical, economic, and social life of the community. Founded by the late Marva Smith Battle-Bay, VSEDC has developed and implemented a comprehensive approach to community economic development that includes business development, technical assistance and training, residential housing, commercial, and industrial development.