Committee for Economic Development: Difference between revisions

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{{Short description|American think tank}}

{{pp-protected|reason=Persistent UPE|small=yes}}

{{More citations needed|date=January 2022}}

{{Infobox organization

| name = Committee for Economic Development of The Conference Board

| image =
[[File:CED Torch Logo.jpg|300px]]

| size =

| abbreviation = CED

|formation = 1942

| motto = Reasoned Solutions in the Nation's Interest{{citation needed|date=August 2018}}

|type formation = [[Think tank]] =[[nonprofit 1942organization]]

| headquarters = [[New York, New YorkNY]], [[United States]]

| type = [[nonprofit organization]]

| website = [http://www.ced.org www.ced.org]

| headquarters = [[New York, New York]], [[United States]]

| leader_title = President

| leader_name = [[Dr. Lori Esposito Murray]]

| revenue = $4,699,329<ref name="Ratings">{{cite web | url=http://990s.foundationcenter.org/990_pdf_archive/131/131623973/131623973_201412_990.pdf | title=Committee for Economic Development | date= | website=Foundation Center | accessdate=23 March 2017 }}</ref>

| revenue_year = 2014

| expenses = $4,502,539<ref name="Ratings" />

| expenses_year = 2014

| website = [http://www.ced.org www.ced.org]

}}

The '''Committee for Economic Development of The Conference Board''' ('''CED''') is an American nonprofit and nonpartisan public policy think tank. The board of trustees consist primarily of senior corporate executives from a range of U.S. industries and sectors. The organization has been credited with helping to create the [[Marshall Plan]].

The '''Committee for Economic Development of The Conference Board (CED)''' is the nonprofit, nonpartisan, business-led public policy center that delivers well-researched analysis and reasoned solutions in the nation’s interest.<ref>{{Cite web|title=About|url=https://www.ced.org/about|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref> CED Trustees are chief executive officers and key executives of leading US companies who bring their unique experience to address today’s pressing policy issues. Collectively they represent 30+ industries, over a trillion dollars in revenue, and over 4 million employees.

Since its inception in 1942, CED has addressed national priorities to promote sustained economic growth and development to benefit all Americans. CED’s work in those first few years led to great policy accomplishments, including the [[Marshall Plan]], the economic development program that helped rebuild Europe and maintain the peace; and the [[Bretton Woods system|Bretton Woods Agreement]] that established the new global financial system, and both the [[World Bank]] and [[International Monetary Fund]].

Today, CED continues to play an important role through its trusted research and advocacy. Comprised of leading business executives, CED lends its voice and expertise on pressing policy issues. In recent decades, CED has made significant contributions across a broad portfolio, including: [[Pre-kindergarten|pre-K education]] importance and funding, bipartisan campaign reform, [[corporate governance]] reform, U.S. fiscal health, academic standards in [[K–12|K-12 education]], post-secondary education access and achievement, importance of STEM education, immigration, [[free trade]], [[foreign assistance]], women on corporate boards, [[Medicare (United States)|Medicare]] and broader [[Healthcare reform in the United States|healthcare reform]], [[crony capitalism]], inequality, judicial selection reform, [[child care]], the role of business in promoting educational attainment, [[digital learning]], teacher compensation and quality, corporate short-termism, federal [[tax reform]], [[Social Security (United States)|social security]], innovation and growth, reducing global poverty, welfare reform, and more.

CED’s work is based on seven core principles: sustainable capitalism, long-term economic growth, efficient fiscal and regulatory policy, competitive and open markets, a globally competitive workforce, equal economic opportunity, and nonpartisanship in the nation’s interest. CED's research findings<ref>{{Cite web|title=Reports|url=https://www.ced.org/reports|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref> are disseminated widely, achieving tangible impact at the local, state, and national levels.

== History ==

According to ''[[Fortune (magazine)|Fortune]]'' the organization "originated in the [[United States Department of Commerce|Commerce Department]]" in 1942 and was created to encourage collaborative research among business leaders, economists, and New Deal politicians "to promote free enterprise and full employment, paying particular attention to the needs of small business".<ref name=":1">{{Cite web|last=Mudge|first=Stephanie L.|date=30 May 2019|title=Commentary: An Alliance Between Big Business and Democratic Socialists Isn't as Unlikely as It Sounds|url=https://fortune.com/2019/05/30/capitalism-democratic-socialists/|access-date=2022-01-30|website=[[Fortune (magazine)|Fortune]]|language=en}}</ref>

CEDThe was founded in 1942 by a group offirst business leaders ledon board bywere [[Paul G. Hoffman]], president of [[Studebaker|Studebaker Corporation]]; [[William Benton (senator)|William Benton]], co-founder of [[Benton & Bowles]] advertising firm; and [[Marion B. Folsom]], treasurer of [[Kodak|Eastman Kodak Company]].{{Citation needed|date=January 2022}} CED was first formed to help the [[Economy of the United States|U.S. economy]] transition from a wartime to peacetime economy.<ref name=":0" /> At the end of [[World War II]], CED successfully worked to garner support among the American business community for the [[Marshall Plan]].<ref name=":0">{{Cite web|last=Allott|first=Daniel|date=2020-01-21|title=Capitalism must meet the challenge: Prosperity for all Americans|url=https://thehill.com/opinion/finance/479179-capitalism-must-meet-the-challenge-prosperity-for-all-americans|access-date=2022-01-30|website=[[The Hill (magazine)|The Hill]]|language=en}}</ref><ref name="About CED">[{{Cite web|title=About|url=https://www.ced.org/about|access-date=2022-01-30|website=Committee Aboutfor CED]Economic Development of The Conference Board}}</ref>

In January 2015, the Committee for Economic Development merged with [[The Conference Board]],.<ref>{{Cite givenweb|last=|first=|title=The theConference manyBoard synergiesto betweenMerge with the twoCommittee organizations.<ref>[httpfor Economic Development|url=https://www.prnewswire.com/news-releases/the-conference-board-to-merge-with-the-committee-for-economic-development-300020593.html|access-date=2022-01-30|website=[[PR TheNewswire]]|language=en}}</ref>{{Better Conferencesource Boardneeded|reason=The tocurrent Mergesource withis theinsufficiently Committeereliable for([[WP:NOTRS]]).|date=January Economic Development]</ref>2022}} Both are non-partisan, non-lobbying, and have Trusteestrustees compriseddrawn mainly from the business community.{{Citation needed|date=January 2022}}

Since its inception, CED has aimed to promote policies that its trustees 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 increased access to [[pre-kindergarten]] and [[college]], advocated [[Campaign finance reform in the United States|campaign finance reform]] nationally, placed more women in corporate leadership, and reduced government spending.<ref name="About CED"/>

== Work ==

In January 2015, the Committee for Economic Development merged with [[The Conference Board]], given the many synergies between the two organizations.<ref>[http://www.prnewswire.com/news-releases/the-conference-board-to-merge-with-the-committee-for-economic-development-300020593.html The Conference Board to Merge with the Committee for Economic Development]</ref> Both are non-partisan, non-lobbying, and have Trustees comprised mainly from the business community.

The CED has been credited with helping to create the [[Bretton-Woods Agreement|Bretton Woods Agreement]], the [[Employment Act of 1946]] (and therefore the [[Council of Economic Advisers]] and the [[Joint Economic Committee]]) and the [[Marshall Plan]].<ref name=":1" /><ref name=":0" />

Since its inception, CED has aimed to promotepromoted policies that its trustees believe will foster American economic growth and development toand indirectly benefit allthe country and Americanspeople. The organization conducts research and outreach efforts in the U.S. and abroad to change policy at theall local,levels state,of and national levelsgovernment. InMore recent decades,recently CED has increasedalso advocated to increase access to [[pre-kindergarten]] and [[college]], advocatedfor [[Campaign finance reform in the United States|campaign finance reform]] nationally, placedfor more women in corporate leadership, and for reduced government spending.<ref name="About CED" />{{Better source needed|reason=The current source is insufficiently reliable ([[WP:NOTRS]]).|date=January 2022}}

== Leadership ==

== Stated aims ==

CED’s president is Dr. Lori Esposito Murray.<ref>{{Cite web|title=Lori Esposito Murray|url=https://www.ced.org/people/single/lori-esposito-murray|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref> Prior to Murray, the organization was led by Bernard Bailey (2018 – 2020) and [[Steve Odland]] (2013-2018). Michael Petro is CED's Executive Vice President,<ref>[https://www.ced.org/people/single/michael-petro Michael Petro]</ref> and Joseph Minarik is the organization's senior vice president and director of research.<ref>[https://www.ced.org/people/single/joseph-minarik Joseph Minarik]</ref>

As of 2022 CED's stated aims are to sustain and promote [[free enterprise]], improve [[education]] and [[health care|healthcare]], reform [[campaign finance in the United States|campaign finance]], enhance [[corporate governance]], and improve the fiscal health of the [[United States]].<ref name="About CED" />

== PrinciplesReception ==

The organization has been called "the capitalists who cared enough about the system to save it."<ref name=":0" />

== References ==

The organization's work is based on seven core principles: [[sustainable capitalism]], long-term economic growth, efficient fiscal and regulatory policy, competitive and open markets, a globally competitive workforce, equal economic opportunity, and nonpartisanship in the nation's interest.<ref>{{Cite web|title=About|url=https://www.ced.org/about|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

{{Reflist}}

== Further reading ==

CED lends its voice and expertise to help shape economic policies and initiatives that include efficient fiscal and regulatory policy, competitive and open markets, modernized infrastructure, accessible healthcare, a globally competitive workforce, education reform; and sustaining our democratic institutions.

{{Cite book|last=Schriftgiesser|first=Karl|title=Business Comes of Age. The Story of the Committee for Economic Development and Its Impact Upon the Economic Policies of the United States, 1942-1960|date=1967|publisher=[[Harper and Brothers]]|___location=New York|language=English|oclc=911692573}}

== Policy research ==

CED conducts policy research in the following issue areas: fiscal health, education (including early childhood, K-12, and postsecondary), health care, workforce training, women in corporate leadership, regulatory policy, technology and innovation, infrastructure, and trade/economic globalization. CED aims to encourage American business leaders to take a more expansive view of their responsibilities by practicing what it calls "business stewardship" — recognizing that business leaders can promote societal health by engaging in and speaking out for the common good on timely public policy issues.<ref>{{Cite web|title=Policy Issues|url=https://www.ced.org/policyissues|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

Recent CED policy research includes:

* Back to Basic Research: An R&D Investment Plan to Enhance US Competitiveness<ref>{{Cite web|title=Back to Basic Research: An R&D Investment Plan to Enhance US Competitiveness|url=https://www.ced.org/solutions-briefs/back-to-basic-research-an-rd-investment-plan-to-enhance-us-competitiveness|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*The Reconciliation Bill: Finding an Affordable Way to Build Back Better<ref>{{Cite web|title=The Reconciliation Bill: Finding an Affordable Way to Build Back Better|url=https://www.ced.org/solutions-briefs/the-reconciliation-bill-finding-an-affordable-way-to-build-back-better|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*Building Infrastructure in Real Time: Avoiding Regulatory Paralysis<ref>{{Cite web|title=Building Infrastructure in Real Time: Avoiding Regulatory Paralysis|url=https://www.ced.org/solutions-briefs/building-infrastructure-in-real-time-avoiding-regulatory-paralysis|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*New York City: Rebuilding a Future-Focused Economy<ref>{{Cite web|title=New York City: Rebuilding a Future-Focused Economy|url=https://www.ced.org/solutions-briefs/new-york-city-rebuilding-a-future-focused-economy|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*Global Supply Chains: Compete, Don't Retreat<ref>{{Cite web|title=Global Supply Chains: Compete, Don’t Retreat|url=https://www.ced.org/solutions-briefs/global-supply-chains|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*Reimagining K-12 Education: Emerging from Disruption with Insights for Reform<ref>{{Cite web|title=Reimagining K-12: Emerging from Disruption with Insights for Reform|url=https://www.ced.org/solutions-briefs/reimagining-k-12-emerging-from-disruption-with-insights-for-reform|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*Containing the Pandemic Public Debt<ref>{{Cite web|title=Containing the Pandemic Public Debt|url=https://www.ced.org/solutions-briefs/containing-the-pandemic-public-debt|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*A US Workforce Training Plan for the Postpandemic Economy<ref>{{Cite web|title=A US Workforce Training Plan for the Postpandemic Economy|url=https://www.ced.org/solutions-briefs/a-us-workforce-training-plan-for-the-postpandemic-economy|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*Vaccinating America<ref>{{Cite web|title=Vaccinating America|url=https://www.ced.org/solutions-briefs/vaccinating-america|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*Broadband Access - Connecting America<ref>{{Cite web|title=Broadband Access - Connecting America {{!}} Committee for Economic Development of The Conference Board|url=https://www.ced.org/solutions-briefs/broadband-access-connecting-america|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*A US Infrastructure Plan: Building for the Long Haul<ref>{{Cite web|title=A US Infrastructure Plan: Building for the Long Haul|url=https://www.ced.org/solutions-briefs/a-us-infrastructure-plan-building-for-the-long-haul|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*COVID-19's Impact on Women in the Workplace: Avoiding a Major Setback<ref>{{Cite web|title=COVID-19’s Impact on Women in the Workplace: Avoiding a Major Setback {{!}} Committee for Economic Development of The Conference Board|url=https://www.ced.org/solutions-briefs/covid-19s-impact-on-women-in-the-workplace-avoiding-a-major-setback|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*Business Leaders Should Act to Advance New York City's COVID-19 Response<ref>{{Cite web|title=Business Leaders Should Act to Advance New York City’s COVID-19 Response|url=https://www.ced.org/solutions-briefs/business-leaders-should-act-to-advance-new-york-citys-covid-19-response|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*CED Report: First Hundred Days Plan<ref>{{Cite web|title=CED Report: First Hundred Days Plan|url=https://www.ced.org/solutions-briefs/first-hundred-days-plan|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*2020 Election: Achieving a Safe, Accessible, and Credible Election during COVID-19<ref>{{Cite web|title=2020 Election: Achieving a Safe, Accessible, and Credible Election during COVID-19|url=https://www.ced.org/solutions-briefs/2020-election-achieving-a-safe-accessible-and-credible-election-during-covi|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

*Sustaining Capitalism: 2020 Election Series<ref>{{Cite web|title=Sustaining Capitalism: 2020 Election Series|url=https://www.ced.org/solutions-briefs/sustaining-capitalism-2020-election-series-compendium|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

== Policy conferences ==

CED's policy conferences are forums for trustees, senior policy makers, and industry leaders to discuss pressing national issues that are aligned with CED's core policy areas: the economy, education, global competitiveness, and democratic institutions. To advance reasoned solutions from business in the nation's interest, CED convenes for two days, twice-yearly, to address these seminal economic issues.<ref>[https://www.ced.org/events/conference/2017-fall-policy-conference CED Policy Conferences]</ref>

== Distinguished Leadership Awards Dinner ==

Held annually in New York City, the Distinguished Leadership Awards Dinner recognizes business leaders who have shown exemplary leadership in their companies and the communities in which they operate.<ref>[https://www.ced.org/events/single/2017-distinguished-performance-awards-dinner CED Distinguished Performance Awards Dinner]</ref>

2021 Honorees:

* [[Karen S. Lynch]], President & CEO, [[CVS Health]]; CED Distinguished Leadership Award

* Judy Marks, President & CEO, [[Otis Worldwide]]; CED Distinguished Leadership Award

* [[John W. Rogers Jr.|John W. Rogers, Jr.]], Chairman & Co-CEO, [[Ariel Investments]]; CED Distinguished Leadership Award

* Margaret Keane, Executive Chair, [[Synchrony Financial|Synchrony]]; CED's Peter G. Peterson Award for Distinguished Leadership

* [[Noubar Afeyan]], Founder & CEO, [[Flagship Pioneering]]; Co-Founder & Chairman, [[Moderna]]; CED Distinguished Leadership Award

* [[Brian Moynihan]], Chairman & CEO, [[Bank of America]]; CED Distinguished Leadership Award

2020 Honorees:

* [[Kathy J. Warden]], Chairman, CEO & President, [[Northrop Grumman|Northrop Grumman Corporation]]; CED Corporate Citizenship Award

* [[Marillyn Hewson]], Chairman, President & CEO, [[Lockheed Martin|Lockheed Martin Corporation]]; Peter G. Peterson Business Statesmanship Award

* [[Edward W. Stack]], Chairman & CEO, [[Dick's Sporting Goods|DICK'S Sporting Goods]]; CED Corporate Citizenship Award

* Lucinda "Cindy" Baier, President & CEO, [[Brookdale Senior Living|Brookdale Senior Living, Inc]].; CED Corporate Citizenship Award

* Gary Norcross, Chairman & CEO, FIS; CED Corporate Citizenship Award

* [[Vicki Hollub]], President & CEO, [[Occidental Petroleum|Occidental]]; CED Corporate Citizenship Award

A full list of past honorees can be found [https://www.ced.org/people/award-winners here]. <ref>{{Cite web|title=Award Winners|url=https://www.ced.org/people/award-winners|access-date=2021-12-01|website=Committee for Economic Development of The Conference Board}}</ref>

==References==

{{Reflist}}

{{Authority control}}

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[[Category:Think tanks based in Washington, D.C.]]

[[Category:Non-profit organizations based in Washington, D.C.]]

[[Category:1942 in Washington, D.C.]]

[[Category:1942 establishments in Washington, D.C.]]

[[Category:Economic development organizations in the United States]]