Committee for Economic Development
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| Abbreviation | CED |
|---|---|
| Formation | 1942 |
| Type | nonprofit organization |
| Headquarters | Washington, DC, United States |
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Chief Executive Officer
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Steve Odland |
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Key people
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Revenue (2014)
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$4,699,329 |
| Expenses (2014) | $4,502,539 |
| Website | www.ced.org |
The Committee for Economic Development (CED) is a business-led public policy organization based in Washington, D.C. Its membership consists primarily of senior corporate executives from a range of U.S. industries and sectors. Together with its members, CED aims to sustain and promote free enterprise, improve education and healthcare, reform campaign finance, enhance corporate governance, and improve the fiscal health of the United States.
CED was founded in 1942 by a group of business leaders led by Paul G. Hoffman, President of Studebaker Corporation; William Benton, co-founder of Benton & Bowles advertising firm; and Marion B. Folsom, treasurer of Eastman Kodak Company. CED's was first formed to help the U.S. economy transition from a war-time to peace-time economy. At the end of World War II, CED successfully worked to garner support among the American business community for the Marshall Plan.
Since its inception, CED has aimed to promote policies that its members believe will foster economic growth and development to benefit all Americans. The organization conducts research and outreach efforts in the U.S. and abroad to change policy at the local, state, and national levels. In recent decades, CED has made increased access to pre-kindergarten and college, advocated campaign finance reform nationally, placed more women in corporate leadership, and reduced government spending.
In January 2015, the Committee for Economic Development merged with The Conference Board, given the many synergies between the two organizations. Both are non-partisan, non-lobbying, and have members comprised mainly from the business community. CED's trusted policy voice in the nation's capital of Washington, D.C. expands the reach of The Conference Board's research; The Conference Board's economic data further strengthens CED's policy solutions.
CED's Chief Executive Officer is Steve Odland, who assumed the role in 2013. Michael Petro is CED's Executive Vice President and Joseph Minarik is the organization's Senior Vice President and Director of Research.
CED conducts policy research in four major areas: fiscal health, education (including early childhood, K-12, and postsecondary), global competitiveness, and democratic institutions. CED aims to encourage American business leaders to take a more expansive view of their responsibilities by practicing what it calls "business statesmanship" — recognizing that business leaders can promote societal health by engaging in and speaking out for the common good on timely public policy issues.
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