Business & Economy

LA County Economic Development Corporation elects new chair

The Board of Governors of the Los Angeles County Economic Development Corporation, a private, nonprofit group whose mission is to attract and grow new business and jobs has elected Maura O'Connor, a partner at Seyfarth Shaw, as its new chair for 2010/2011, officials announced today.

O'Connor is the first woman to hold the chair position during the LAEDC's 30-year history, according to officials.

"As our organization continues to play a leadership role in driving economic recovery and advancing important economic development initiatives with the implementation of the county's first ever Strategic Plan for Economic Development, Maura's experience, commitment and leadership will be invaluable to our work," said Bill Allen, LAEDC's president and chief executive.

O'Connor has served as a member of the LAEDC's Board of Governors since 1999. Her involvement with the LAEDC includes serving as chair of its Land Use committee since 2007.

"The LAEDC is recognized as the premier economic development corporation in the region and perhaps the entire nation," said O'Connor. "With so many businesses hurting and so many of our neighbors struggling to find work, I am privileged to be entrusted with leading the LAEDC Board during such a critical time in our county's history."

O'Connor is a partner in Seyfarth Shaw's Real Estate Department. Her practice focuses on real estate financing, workouts, foreclosures, acquisitions, development and leasing. O'Connor has been named as one of the top 10 real estate lawyers in Southern California in 2005 by "Real Estate Southern California," which also named her a Woman of Influence in 2006 and 2007.

O'Connor takes over this month from LLoyd Greif, president and chief executive of Grief & Co, an L.A.-based investment banking firm, who chaired the Board for the past year.