Chief Economist Jack Kyser, “Godfather” of L.A. Economy Earns Business Spotlight At LAEDC Eddy Awards®

Los Angeles, CA – Affectionately dubbed the “Godfather” of the Los Angeles economy, Jack Kyser, chief economist and senior vice president of the Los Angeles Economic Development Corporation (LAEDC), is being honored at the 12th Annual Eddy Awards®. The Eddy’s honor excellence in economic development leadership and will be held Tuesday, Nov. 6, 2007, at the Beverly Hilton Hotel (9876 Wilshire Blvd., Beverly Hills, CA 90210).

“This is truly an honor no one could refuse him. Whenever anyone wants to know anything about the Los Angeles economy from runaway TV/Film production to fashion, housing and Wall Street issues, Jack Kyser is the man with the answers,” said Bill Allen, president and CEO, LAEDC. “This is his silver anniversary as a business leader.”

Kyser has been the chief interpreter and storyteller for the regional economy for the past 25 years. His annual forecast report has been ranked #1 by the Wall Street Journal and his analyses of key industry sectors and economic trends have helped both the public and private sectors better understand the diversity and dynamism of the greater Los Angeles area.

As chief economist for the LAEDC, he is responsible for interpreting and forecasting economic trends in the Los Angeles five-county area (Los Angeles, Orange, Riverside, San Bernardino and Ventura counties), and for analyzing the major industries of the area. Utilizing this information, he helps develop job retention and creation strategies for Los Angeles County.

In the past year alone, he has been quoted in more than 900 newspapers, television and radio stations. Last year LAEDC received 150 million media impressions, and this year it has already surpassed 200 million, many of those interviews involved Kyser.

Also being honored at this year’s 12th Annual Eddy Awards™ is Northrop Grumman Corporation (NYSE:NOC) for “exemplifying the essence of economic development leadership and corporate citizenship,” said Allen. “They provide high quality jobs for the Los Angeles County area, and their commitment to educating and training our future workforce ensures that we will continue to nurture and grow our region’s economic prosperity.”

Another highlight of the evening will be the announcement of the “Most Business-Friendly City” award. For the full story visit:

http://www.mayocommunications.com/2007NewsReleases/NR-102-2007-JackKyserEddyAward.htm