On June 20, 2012, President C. L. Max Nikias spoke at the Los Angeles Economic Development Corporation (LAEDC) Board of Governors meeting. His address focused on the shared interest of the LAEDC and USC in making Los Angeles a vibrant environment for business and opportunity, and provided an overview of USC’s positive economic impact on the local economy, university programs that support and create new businesses — including the new USC Family of Businesses initiative — and USC’s commitment to providing first-class heath care.