Today's Date: April 17, 2024
NFL FLAG-IN-SCHOOL KICKS OFF ITS 11th YEAR OF ENGAGING STUDENTS IN ONE OF THE NATION'S FASTEST GROWING TEAM SPORTS   •   Fiserv Corporate Social Responsibility Report Highlights Progress on Commitment to Sustainable Business   •   Sentry recognized as one of Newsweek's 2024 America's Greatest Workplaces for Women   •   New PBS Stand-up Comedy Documentary Series ROOTS OF COMEDY WITH JESUS TREJO Reveals How Humor Mirrors Society's Complex Social I   •   VERDA Health Plan of Texas and IntegraNet Forge Strategic Partnership   •   Mohawk Council of Kahnawà:ke and Canada Forge a New Path Together on Governance, Land and Economic Development   •   Avangrid Receives Final Shipment of Solar Panels at True North Solar Project in Texas, a Key Step Toward On-Time Construction   •   Billboards Pose the Question a Post-Roe Nation Should be Asking: Do All Women Have "Equal Access to Motherhood?"   •   Cross River Releases 2023 Social Responsibility Report—Continues to Lead Industry in Impact, Delivering for Underserved Co   •   Plume Clinic Announces Contracts with Payers, Lab Partners to Broaden Access to Gender Affirming Care for Trans Community in Ill   •   Sippingly Revolutionizes the Wellness Tea Shopping Experience   •   Red River Charitable Foundation Announces 2024 Marcy Levesque Women in Technology Scholarship Recipients   •   Ocean Resilience and Climate Alliance Continues to Gain Momentum as it Reaches $300 Million in Commitments and Announces New Dir   •   National STEM Festival Youth Innovators Gain Access to Career Development Tool   •   Just Women’s Sports and National Women’s Soccer League Renew Media Partnership for 2024 Season   •   Tumble Smart Laundry Secures Key Technology Platform Patent Resulting in Adoption by Top Property Management Companies   •   Recording Academy® Continues Ongoing Mission to Empower Music’s Next Generation With Launch of GRAMMY GO™ in Par   •   Space4All Space STEM Awareness Campaign Launches Nationwide   •   ALTRA | SANEXEN wins the Water Sector Distinction Award from Réseau Environnement   •   Dormie Network Foundation Continues its In-Kind Commitment to Nonprofit Partners Raising $10.4M
Bookmark and Share

2nd Annual Sunstone Economic Development Challenge @ USC Price School Launches With Meet And Greet

IRVINE, Calif. , February 27 /Businesswire/ - An event Friday, Feb. 23, brought together for the first time graduate student teams in the 2nd Annual Sunstone Economic Development Challenge @ USC Price and officials from the five cities they will work with through this spring to develop innovative economic development plans for their cities.

The gathering at Sunstone Management, Inc.’s Irvine headquarters attracted about 35 people – graduate students from the University of Southern California Sol Price School of Public Policy and economic development officials from Culver City, Lomita, Pasadena, San Bernardino and Torrance. The competition is overseen by the USC City/County Management Fellowship (CMF) and Sunstone, which also provides a $5,000 prize to the student team with the best presentation at the end of the Challenge.

This is the second year of the Sunstone Economic Development Challenge @ USC Price. Teams of students work with officials of their designated city to put together an economic development approach, ideally one supporting innovation and entrepreneurship.

“We’re here to build and grow strong leaders,” Darrell George, board chair of CMF and El Segundo city manager, said Friday. “Hopefully, you’ll get into local government!”

El Segundo was one of the four cities that participated in the first Challenge.

“This is a wonderful opportunity for students to face real world challenges,” George added. "And it is a chance for cities who participate in the program to hear from people looking with fresh eyes. That’s a real benefit.”

Sunstone CEO and Managing Partner John Keisler created the Challenge to connect public, private and education sector partners to identify innovative economic development solutions. He is a USC Price School graduate and was the Economic Development Director for Long Beach before joining the private capital investment management firm Sunstone.

“Cities survive and thrive on property tax, sales tax and more,” he told the group Friday. “That’s all because of economic development – that’s what makes the tax base grow. Police, firefighters, streets – that all is paid for through economic development.”

Ryan Phong, Sunstone’s Research & Management Analyst, is the Challenge’s program advisor. He introduced officials from the 2024 cities for a few words about why they wanted to be a part of the Challenge.

Elizabeth Garcia of Culver City said that her municipality is in a unique location between Santa Monica and Los Angeles and has embarked on a new planning process.

“We’re in a stage where we need to think about innovation,” Garcia said. “That’s what really interested me in the Challenge.”

Officials from other cities said they also were looking to take the next step in economic development planning, with each taking a different approach. For example, San Bernardino opened a downtown entrepreneurial resource center last November and wants to find ways to take advantage of it.

“We’ve done a lot of work with USC students,” Fran Fulton of Torrance said. “We’ve seen a lot of evolution with the programs.

“We’re looking now at how to bring foreign investment into our city,” she added. "We want to know how to connect with those businesses in a public-private partnership.”

Student teams now will meet with their assigned cities directly and begin working on a specific economic development plan. Presentations and judging will take place at the USC CMF Summit & Sunstone Challenge Final Pitch Event from 9 a.m. to 2 p.m. Thursday, April 11, at the USC Hotel in Los Angeles. Email Ryan Phong if you would like to attend or support this culminating event.

For more information, go to the website or email

About Sunstone Management

Sunstone Management is a diversified private capital management firm with headquarters in Southern California that provides a range of early-stage venture capital, real estate, and fixed income funds to qualified and accredited investors. The firm delivers new and exciting options for economic growth through innovative public-private partnerships, making use of its unique experience across government, education, and private sectors. Identified by Financial Times as one of America’s Fastest Growing Companies three years in a row. In the second quarter of 2023, PitchBook ranked Sunstone the seventh most active early-stage venture capital firm in the country, and 18th overall.

Connect with Sunstone Management at:

LinkedIn | Twitter | Facebook | Crunchbase | Pitchbook

STORY TAGS: Economic News/Analysis, Event, United States, North America, Education, Public Policy/Government, State/Local, Consumer, Entrepreneur, University, California,


White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News