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Economic Report Archives - Los Angeles County Economic Development Corporation

The economic crisis caused by COVID has revealed a number of stark truths about diminishing economic inclusion and the income divide in LA County, but before recovery planning is complete, it is important to look at the goals our region had set leading up to the crisis, and take stock of how well those strategies worked. In a new “Final Report” published by LAEDC about the 2016-2020 Strategic Plan for LA County Economic Development, implemented as “Propel L.A.”, the past five years of data were compared to the goals that our region’s communities collaboratively created to drive desired outcomes.  This look at data from 2015-2019 helps us evaluate progress before the economic shock of 2020, which is important context. View a Highlights Page for a 3-minute read HERE Chemical substance used for propulsion. A propellant (or propellent) is a mass that is expelled or expanded in such a way as to create a thrust or other motive force in accordance with Newton's third law of motion, and "propel" a vehicle, projectile, or fluid payload. In vehicles, the engine that expels the propellant is called a reaction engine. Although technically a propellant is the reaction mass used to create thrust, the term "propellant" is often used to describe a substance which is contains both the reaction mass and the fuel that holds the energy used to accelerate the reaction mass. For example, the term "propellant" is often used in chemical rocket design to describe a combined fuel/propellant, although the propellants should not be confused with the fuel that is used by an engine to produce the energy that expels the propellant. Even though the byproducts of substances used as fuel are also often used as a reaction mass to create the thrust, such as with a chemical rocket engine, propellant and fuel are two distinct concepts. https://en.wikipedia.org/wiki/Propellant
Categories: Business, Business
Topics: economic report archives, los angeles county economic development corporation, propel l.a, the los angeles strategic plan for economic development

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