About ERC

We Transform Underserved Communities and Support Small Businesses

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.

Meet Our team

Sam Hughes

President & CEO

Nancy H. Ikagami

VP Finance & Administration

Albert V. Carroll

Vice President of Real Estate

Marie McNish

Property Manager

ERC's Legacy of Transformation

1968
1969
1981
1989
2012
2021
2022
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 Business Park, 1969
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

Director, West Coast Advancement
Dartmouth

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 Officer

Charles McLurkin, ESQ

Partner
Channel Law Group

Andrea Cohen Jackson, ESQ

Partner
Freidman & Associates

Get Started Today