Economic Resources Corporation
Serving Los Angeles Since 1968
Economic Resources Corporation (ERC) is a 501(c) (3) nonprofit organization incorporated business that serves the public interest. While our mission guides our agenda to provide a public benefit to underserved communities, our operations are governed by sound business management principles and values. Our corporate culture is based on a sense of community, consistent goals, effective collaboration, and organization commitment.
ERC facilitates real estate development to attract manufacturing and commercial investment to underserved communities. We view such communities as viable markets with competitive advantages that can support market-driven development. As a nonprofit entrepreneur, our business ventures emerge directly from our mission, the programs we have already perfected, and the assets we have developed in the process. In that context, we employ strategies to create jobs and build healthy communities.
ERC is managed by its Board of Directors who set policy and direction. Board members are prominent leaders of the business and professional community of Los Angeles. Collectively they offer many years of expertise and ensure that ERC meets the needs of the communities it serves.
Financial Assistance
Through its partnership with the Economic Development Administration (ERC) and Pacific Coast Regional, we provide loans to qualified businesses seeking working capital to cover short-term expenses, including inventory, payments on short-term debt, and day to day expenses. Please contact the office at (310) 537-4610 regarding available assistance.
Technical Assistance
ERC serves entrepreneurs through a specialized collaboration for business owners by offering mentorship and advisory services in the areas of finance, real estate, marketing, technical development, and business strategy.
Commercial Leasing
Economic Resources Corporation offers affordable leasing opportunities for both startup companies and companies seeking room to grow. For current or upcoming leasing opportunities, please contact us at (310) 537-4610.
Acquisition and Development
Economic Resources Corporation (“ERC”) benefits from over 50 years of experience in the development and acquisition of commercial properties. ERC seeks to acquire or develop properties that provide a tangible benefit to communities by creating or retaining jobs, providing needed services while achieving reasonable return on investments. To this end, ERC is actively seeking to acquire value-add, and opportunistic industrial and other commercial assets in Los Angeles County and beyond. ERC also welcomes investment and capital partners to participate in its effort to redevelop.
Our current acquisition criteria are show below:
Small Infill Properties
- Standalone buildings
- 2,500 square feet up to 10,000 square feet
- Land for sufficient parking
- Vacant or short – term leases in place
- All underserved urban submarkets of Los Angeles County
- Small lots zoned to allow the construction of multifamily housing.
Industrial, Office and Flex Space
- 10,000 square feet up to 100,000 square feet
- Approximately 10 to 40 years old
- All underserved urban submarkets of Los Angeles County
- Vacant or short-term lease in place
Would you like to submit a property to be considered for acquisition and investment by ERC?
