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| Abbreviation | CED |
|---|---|
| Formation | 1942 |
| Type | Think tank nonprofit organization |
| Headquarters | New York, NY, United States |
| Website | www.ced.org |
The Committee for Economic Development of The Conference Board (CED) is a nonprofit, nonpartisan, business-led public policy organization. CED's 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.
History
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 was first formed to help the U.S. economy transition from a wartime to peacetime economy. At the end of World War II, CED worked to garner support among the American business community for the Marshall Plan.
In January 2015, the Committee for Economic Development merged with The Conference Board. Both are non-partisan, non-lobbying, and have trustees drawn mainly from the business community.
Work
The CED has been credited with helping to create the Bretton Woods Agreement, the Employment Act of 1946, (and therefore the Council of Economic Advisers and the Joint Economic Committee) and the Marshall Plan.
Since its inception, CED has promoted 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 nationally, placed more women in corporate leadership, and reduced government spending.
Stated aims
CED's stated aims are 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.
Reception
The organization has been called "the capitalists who cared enough about the system to save it."
References
- ^ Allott, Daniel (2020-01-21). "Capitalism must meet the challenge: Prosperity for all Americans". The Hill. Retrieved 2022-01-30.
- ^ "About". Committee for Economic Development of The Conference Board. Retrieved 2022-01-30.
- "The Conference Board to Merge with the Committee for Economic Development". PR Newswire. Retrieved 2022-01-30.