LOS ANGELES, Sept. 30, 2011 /PRNewswire/ -- AugustineIdeas board member Joseph Montes has been reappointed to the Los Angeles Industrial Development Authority (IDA) board as authority Chair. The Los Angeles City Council unanimously (13-0 with one seat vacant and one member absent) approved Montes' appointment through June 30, 2014. The vote was based on the recommendation of Mayor Antonio Villaraigosa.
The IDA is a conduit-issuer of bonds and was formed in 1982 by the Los Angeles City Council. Since its inception, the IDA has issued or facilitated more than $2.3 billion in bonds, helping to create or retain jobs, promote economic revitalization and provide both public and community services.
Montes was first appointed as commissioner to the IDA in November 2007. With his experience as an investment banker and as a police officer with the Los Angeles Police Department (LAPD), Montes' background has prepared him to now chair the authority.
"Working with the IDA provides me with the ability to use my skills and experience to help improve the lives of many Los Angeles residents," said Joseph Montes, chairman of the IDA. "This is one of the ways that I can give back to the community that I grew up in."
After high school Montes served in the United States Air Force, working with NATO for four years. Montes credits his education for his success. He graduated from the University of Southern California with a bachelor's degree in political science and a Master of Public Administration. While he attended school he worked as a patrol officer, training officer, detective trainee and academy instructor for the LAPD. He was a Fulbright scholar, studying policing, politics and economics at the London School of Economics. He then joined the banking industry and worked with Goldman Sachs and HSBC.
In addition to his work with the IDA, Montes sits on the board of directors for AugustineIdeas. In this role he helps lead business development efforts and provides strategic guidance for the firm and its clients.
AugustineIdeas is an integrated marketing communications agency with 15 years of experience providing digital strategy, branding, creative services, social media marketing, public relations, graphic design, shopper marketing and retail activation to clients in a diverse range of industries. For more information, visit http://www.augustineideas.com/.