Economic Resources Corporation

economic resources corporation (erc) is a california nonprofit corporation whose 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. the company was founded in 1968 by a group of los angeles business and civic leaders at the invitation of the economic development administration which is organized under the u. s. department of commerce. since its formation in 1968, erc's activities have been directed towards the development of real estate to attract manufacturing and commercial businesses and job opportunities to economically underprivileged communities. these projects have included the development of the erc business park and the martin luther king jr. shopping center in watts.