Committee for Economic Development
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The Committee for Economic Development (CED) is a nonprofit, nonpartisan, business-led, public policy organization based in Washington, DC. Its membership consists of senior corporate executives and university leaders. CED's research falls under 4 pillars: fiscal health, education, global competitiveness, and democratic institutions.
CED was founded in 1942 by a group of business leaders led by Paul G. Hoffman, President of the Studebaker Corporation; William Benton, co-founder of Benton & Bowles advertising firm; and Marion B. Folsom, treasurer of Eastman Kodak Company. CED's first mission was to help the U.S. economy transition from war to peace-time prosperity. At the end of World War II, CED played a key role in garnering support among the American business community for the Marshall Plan.
Since its inception in 1942, CED has addressed national priorities that promote sustained economic growth and development to benefit all Americans. These activities have helped shape the future on issues ranging from the Marshall Plan in the late 1940s, to education reform in the past three decades, and campaign finance reform since 2000. CED's research findings are coupled with multi-pronged outreach efforts throughout the country and abroad, achieving tangible impact at the local, state, and national levels.
CED has made significant contributions to landmark past policies, including:
- The Marshall Plan
- Bretton Woods Agreement
- The Employment Act of 1946
- Pre-K Education Importance and Funding
- The Bipartisan Campaign Reform Act
- Corporate Governance Reform
CED Major Policy Influence:
- Fiscal Health – Fundamental tax and healthcare reform
- Corporate governance, including the role of women on boards
- Education – Post-secondary access and achievement; human resources in K-12; business partnerships; performance measurement; STEM achievement
- Immigration – Visas for skilled workers
- Older workers
- Free trade
- Foreign assistance, and the role of women in growth
CED's current Chief Executive Officer is Steve Odland. Joseph Minarik is CED’s current Senior Vice President and Director of Research. Michael Petro is CED’s current Executive Vice president. CED is led by its Co-Chairs Roger W. Ferguson Jr., President and CEO, TIAA-CREF, and Carl T. Camden, President and CEO, Kelly Services, Inc. and an Executive Committee.
The Committee for Economic Development has six major advocacy projects: Fiscal Health, Postsecondary Education, Money in Politics, Early Learning, Teacher Effectiveness, and Women on Corporate Boards. CED's scholars' research is presented at conferences and meetings, in peer-reviewed reports and publications on the institute's website.