Located in South Los Angeles, in a community whose unemployment rate hovers around 20% Vermont Slauson Economic Development Corporation (VSEDC) has produced more than $60 million in physical development projects and created/retained more than 3,000 jobs in the South Los Angeles community, including the 57,000 square foot Vermont Slauson Retail Center, the 18,000 square foot Western Slauson Business Center, and the 10,000 square foot Business Enterprise Center. The 175,000-square foot Vermont Slauson Shopping Center it developed in 1981 was one of the few structures that was untouched by the 1992 Los Angeles riots. The shopping center has created 450 jobs. VSEDC participated in a consortium agreement with other LA County non-profits and municipalities to rehab and acquire foreclosed or vacant properties to create up to 700 units of affordable housing. Through its micro-business incubator, VSEDC offers loan assistance and packaging, affordable office space, as well as technical assistance.