OUR MISSION
Economic Resources Corporation (ERC) mission is to promote economic development and job creation, attract needed services and employers, and remove blight in underserved neighborhoods through targeted real estate investments.
ERC's Legacy of Transformation
ERC Founded
ERC is a 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 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.
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.
ERC Develops Watts' First Industrial Park
ERC develops 50-acre industrial park, with Lockheed Martin as first tenant, creating over 2,400 jobs in Watts, boosting the economy and uplifting the community.
ERC Develops First Shopping Center in Watts
ERC develops the Martin Luther King Jr Shopping Center, consisting of 117,000 sqft of retail space. This center helps grow the local economy, creating jobs for the community and opportunities for small businesses.
ERC Capital Fund Ventures Launches
ERC provides $500,000 in seed capital to help launch ERC Capital Fund Ventures Partnership, the first fund of its kind West of the Mississippi to invest in minority owned businesses.
ERC Purchased 4277 Western Ave.
The site is home to Children’s Institute Inc. that transforms lives of children exposed to adversity and poverty in Los Angeles by providing early childhood education and other youth and family services.
EDA, YMCA and ERC Partner To Develop Child Care Facility
U.S. Department of Commerce Economic Development Administration (EDA), the YMCA of Greater Long Beach and ERC partner to help transform a former bank into a modern state of the art child care facility.
ERC Partners With Childrens Institute, Inc.
ERC and the Children’s Institute Inc. (CII) partner together to build networks of care that respond to local needs, create more trauma-informed space, and increase capacity for healing and resilience.
Meet Our Board
Sam Hughes
President & CEO
Economic Resources Corporation
Tracey Mitchel-Lai
Head of Finance
Biscuit Filmworks
Kyle Davis
Senior Director of Development
Pomona College
Michael Nagin
Executive Director, Real Estate Banking
J.P. Morgan
Jide Alade
Real Estate Developer
MIKAS Properties, LLC
Hoonie Kang
Partner
Kearny Real Estate
Tori Fisk
Chief Financial and Operations Officer
Maple Counseling Center
Charles McLurkin, ESQ
Partner
Channel Law Group
Andrea Cohen Jackson, ESQ
Partner
Freidman & Associates
Christine Villegas
Affordable Housing Consultant