Kapil Lakhotia, CEO LEDC

Kapil Lakhotia, CEO of the London Economic Development Corporation, explained the functioning of the LEDC and its recent accomplishments. The City of London, unlike most other cities, outsources its economic development to a private for profit company - LEDC.  The city measures LEDC's performance with a number of measures including: employment, investment attracted, number of projects implemented, grants, property taxes for new projects, and attraction of talent.

For 2016 1,550 new job were created with the help of LEDC and $70M expansions were implemented.  LEDC focuses on five areas for development and has identified technology as one its high priorities.