The Leading Voice of Business in Orange County Tuesday, November 3, 2015
DUNN & DONE: OC REGISTER MUST SUCCEED!
The newspaper industry has been transitioning for some time. News now comes in all forms-internet, television, radio, tweets, texts in addition to print media-some in more depth than others. OCBC has watched our own Orange County Register's journey these past few years with great expectations that their realignment, local news, arts, education and sports features, revamped magazines, and expansion into the Inland Empire would preserve the best of traditional print media while looking to folks' endless need for "instant" news and access. Some of their enterprises have been successful, others not so. But it is clear --as we watch this important ORANGE COUNTY news source once again take another step in legal reorganization-- we at OCBC need them to succeed. America's sixth most populous county-- bigger than 20 states in the union --has no unique media market to call its own without the Orange County Register. We wish CEO Rich Mirman and his team of local investors success in the purchase of Freedom Communications' assets. Nothing rhymes with Orange (particularly Los Angeles Times) and we're proud of that fact. CLICK HERE for a letter from Mirman to staff on what to expect during the coming months as the company financially restructures.
OCBC, CSUF ECONOMIC FORECAST CONFERENCE HIGHLIGHTS LEADERSHIP, CYBERSECURITY
OCBC and Cal State Fullerton welcomed almost 800 business, community and academic leaders October 29 for the 21st Annual Economic Forecast Conference, sponsored by U.S. Bank. Attendees heard Richard Davis, Chairman, President, and CEO, US Bancorp, speak eloquently about leadership in a world of risk, as well as a detailed economic forecast from Dr. Anil Puri, Dean of the Mihaylo College of Business and Economics, and Dr. Mira Farka, Woods Center for Economic Analysis and Forecasting, CSUF. The conference posed the question, "How will your business advance in a world of economic and cyber uncertainty?" In his talk, Davis emphasized the importance of leadership, aligning current and future executives with companies' core values, as well creating an ethical and transparent business culture. Additionally, as society has become highly digital, cybersecurity is on the forefront of business leaders' concerns and discussed how the banking industry is well-known for being leaders in security systems. Doctors Farka and Puri gave attendees an economic analysis of indicators for the coming year, discussing the consequences of the Federal Reserve's inaction to raise interest rates. However, both economists predict that the coming years will be an improvement from the last six.CLICK HERE for an OC register editorial. For a detailed economic analysis, CLICK HERE to visit the Woods Center for Economic Analysis and Forecasting. For more information, contact Delaine Moore, Director of Communications.
OCBC'S ALICIA BERHOW TRAVELS TO SOUTH KOREA!
From October 10 to 21, OCBC's Alicia Berhow, Vice President, Workforce Development and Advocacy, traveled to South Korea
thanks to Goodwill Cooperation Services (GCS) - Los Angeles Club, a division of the Korean Cultural Center. GCS was created 17 years ago to bring delegations to the fourth largest developing country in the world in order for Westerners to better understand the culture and way of life. Los Angeles and Orange County are the homes to the most Korean-Americans in all of the United States.
Berhow, along with her tour group of twelve, proceeded to tour the only country on earth that is still divided, technically still at war, and is often overlooked. On the first day, the delegation attended three lectures on the culture, politics and economics of Korea. Very few residents leave South Korea because if they obtain a proper education, the economic development arm of the government works to ensure that there are high-quality, high paying jobs available.
Other aspects of the visit included a trip to the Demilitarization Zone and the North Korean border, the National Assembly, the Seoul Metropolitan Police, Hyundai Steel, the World Taekwondo Federation, Korail High Speed Rail, and Gyeongsang National University. For more information, contact Alicia Berhow, Vice President, Workforce Development and Advocacy.
CHAIRMAN'S LEADERSHIP BREAKFAST WITH MANATT'S TOM PHELPS: AN OC TREASURE!
Over 100 business leaders joined OCBC this morning for the final Chairman's Leadership Breakfast of the 2015 series, sponsored by AT&T
and Wells Fargo
. For many in attendance today, it was a special treat to hear OCBC's Lucy Dunn, President and CEO, and OCBC Chair Laura DeSoto, Experian
, interview Tom Phelps, Manatt, Phelps, and Phillips
. Tom, who usually is the one doing the interviewing, discussed his journey from humble beginnings in Iowa as a first generation college student, to founding one of the most prominent and well-respected law firms in the country. Tom revealed that when he first entered college, he had dreams of becoming an architect, but eventually changed his focus to political science before going on to work on John F. Kennedy's presidential campaign, studying law in Washington, D.C., and eventually moving to Los Angeles - where he and his partners founded Manatt, Phelps, and Phillips 50 years ago
with no clients and just two legal secretaries. Many thanks to Tom for his years of community leadership at OCBC and the community!
EX-IM PROPOSAL MOVES TO SENATE, OCBC URGES PASSAGE
On October 27, the U.S. House of Representatives voted to reauthorize the U.S. Export-Import Bank, a move that would extend the bank's authorization through 2019. Ex-Im reauthorization now moves to the Senate, where there is strong support for the bank. However, Senate majority leader Mitch McConnell is not likely to bring a stand-alone bill reauthorizing the Ex-Im to the Senate floor for a vote. This makes inclusion with a must-pass bill, such as long-term highway funding legislation, as the most likely vehicle for Ex-Im reauthorization.
The House approved the proposal on a 313-118 vote, to both extend the life of the bank, and also add in key reforms designed to strengthen the bank's risk management and transparency. Special thanks to the following members of the Orange County delegation who voted in support of Ex-Im reauthorization: Darrell Issa, Alan Lowenthall, Linda Sanchez, Loretta Sanchez, and Mimi Walters. CLICK HERE
to read more. For more information, contact Matt Petteruto
, Vice President, Economic Development and Bryan Starr,
Senior Vice President, Government Affairs.
OCBC HONORS PROGRAMS THAT CUT THROUGH RED TAPE AT ANNUAL EVENT - NOV. 18
Join OCBC on Wednesday, November 18, for the fifth annual Turning Red Tape Into Red Carpet Awards Reception, sponsored by Chase
. OCBC will present awards in various categories to OC's public agencies for programs that cut through red tape and open the door for business growth and success.
Since its inception five years ago, the program has been replicated by other organizations throughout California, and has been recognized by the Governor's Office of Business and Economic Development, "Streamlining Superstars," and California Association for Local Economic Development's annual "Awards of Excellence," programs.
Date: Wednesday, November 18, 2015 Registration: 5:00 p.m. Program: 5:30 p.m. Adjourn: 7:30 p.m.
Place: The Center Club I 650 Town Center Dr., Costa Mesa. For more info, contact Sabra Ritter, Director of Events, at 949-794-7241
BIG VENTURE CAPITAL INVESTMENTS IN HEALTH CARE CONTINUE TO DRIVE OC ECONOMIC GROWTH
According to recently released data, OC businesses drew $480 million in venture capital investments during the third quarter of 2015. Mirroring what is happening nationally, the majority of those investments in Orange County stem from the health care industry. Health care investments topped $143 million, with six deals recorded for medical device and equipment companies.
Of the 15 venture capital deals in OC, 10 were with companies in the health care sector. Health care is one of the few Orange County industries to experience growth during the Great Recession. Industry employment grew 38 percent from January 2007 to June 2015, according to the 2015-2016 Orange County Workforce Indicators Report.
By contrast overall county civilian employment experienced a decrease of 1.5 percent over the same period. The strong venture capital investments reported are another indicator on the advantages of doing business in Orange County. For more information on the benefits of doing business in Orange County, visit LocationOC.com
. For more information, contact Matt Petteruto,
Vice President, Economic Development.
COUNTY PREPARES FOR EL NINO, URGES BUSINESSES, RESIDENTS TO DO THE SAME
Emergency planning is something people will talk about, but very few people actually do, said Donna Boston, Director of Emergency Management, Orange County Sheriff's Department. However, the county meets regularly throughout the year to prepare for a variety of hazards that can befall the region such as fires, strong winds, tsunamis, and storms. Of particular concern over the coming months is planning for flooded roads, utility outages, traffic issues, infrastructure failures and damage to businesses and homes - which is all being addressed with significant public outreach and cross-agency coordination.
Emergency managers are holding town hall meetings, special task forces, and workshops in order to prepare for El Nino, which is expected to hit Southern California with record rainfall. While nobody knows exactly how much rain will fall or when the storm will hit, the county is holding regular meetings, including a Debris Flow Task Force meeting this week, to prepare for mitigating debris flow caused by heavy flooding-- a particular concern for Orange County as fires and a persistent drought increase the risks. Should a resident or business experience damage as a result of El Nino, or any other catastrophic weather event, they are encouraged to contact the city or county to report it as those statistics will be used to apply for federal funding. Visit of www.readyoc.com to learn how you can prepare your business or home and reduce the likelihood of severe damage.
For more information, contact Bryan Starr
, Senior Vice President, Government Affairs.
US CHAMBER FILES LAWSUIT AGAINST EPA'S BURDENSOME ELECTRICITY PLAN
On October 23, the U.S. Chamber of Commerce filed a lawsuit to invalidate the Environmental Protection Agency's (EPA) Clean Power Plan (CPP), which will force costly changes to America's electricity system. If the CPP moves forward, it will raise the cost for all business, placing heavy economy burdens on all segments of the economy and likely push manufacturing and electricity-centric jobs overseas
. The chamber asked the court to delay implementation until judicial review has been completed. In addition to the chamber, 26 states have also filed, or announced filing, suits against the CPP. Surprising no one, California's Governor Jerry Brown plans his own legal action to defend the CPP. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
OC BOARD OF SUPERVISORS NAMES NEW DIRECTOR OF JOHN WAYNE AIRPORT
Barry Rondinella will assume the role as Director of John Wayne Airport (JWA
), leaving his current post as director of operations for Los Angeles World Airports, which operates Los Angeles International Airport. The Airport Director develops airport policies and is responsible for business development, facilities, finance and administration, and operations and public affairs. The Orange County Board of Supervisors conducted a national search of qualified candidates before selecting Rondinella, citing the necessity for a leader with understanding and commitment to adhering to JWA's unique passenger restrictions and noise regulations. Rondinella replaces Alan Murphy, who retired in February. JWA serves more than 10 million passengers a year with international services. For more information, contact Matt Petteruto, Vice President, Economic Development.
Please note that events in Political Corner are for informational purposes only and are not necessarily endorsed by OCBC.
Backyard BBQ with Assemblyman Eric Linder - Wednesday, November 18
Joing Assemblyman Eric Linder for a backyard BBQ at 5:30 Wednesday, November 18 at his home in Corona. The address will be availabe upon RSVP. CLICK HERE
for more information.
Special Holiday Rates on Hotels - November through December
There are benefits to working and living in South Coast Metro! CLICK HERE
for information on special holiday rates on a variety of hotels when you mention code: SCMO (South Coast Metro Offer).
Connecting Women to Power Conference - Wednesday, November 4
Join Board of Equalization Member Diane Harkey, District 4, for the Connecting Women to Power Business Conference from 9 a.m. to 5 p.m. Wednesday, November 4 at UC Irvine Student Center. The conference will connect entrepreneurs to decision makers and empower them with strategies, techniques, and opportunities for success. CLICK HERE
for more information.
In-House MCLE Breakfast Series - Wednesday, November 4
Join Rutan & Tucker, LLP for a breakfast series on Political Participation, Lobbying, and Public Affairs: Your Business and Government - A practical guide for corporations and their executives. The breakfast will take place from 8 to 9:30 a.m. at the law offices of Rutan & Tucker, LLP. CLICK HERE
for more information.
Inaugural GABA Stammtisch OC - Wednesday, November 4
Join the German American Business Association for complimentary appetizers and drinks, including wine and Prosecco, gift bags and 15 percent savings on Porsche Design items from 6:30 to 9 p.m. Wednesday, November 4 at Porsche Design Store in South Coast Plaza. CLICK HERE
The Raising of America - Wednesday, November 4
A coalition of organizations serving children and families in Orange Count invites you to be part of a thoughtful community conversation on early childhood care and education based on the PBS documentary series, "The Raising of America," from 1:30 to 5 p.m. Wednesday, November 4 at Brandman University. CLICK HERE
for more information.
Innovation in Environmental Stewardship Awards - Sunday, November 8Join the Orange County Conservation Corps for the Innovation in Environmental Stewardship Awards at 2 p.m. Sunday, November 8, 2015 at the Heritage Museum of Orange County. Since 1993, OCCC has provided educational and employment services to the county's most at-risk and economically disadvantaged youth. CLICK HERE for more information.
2015 California Economic Summit - November 12-13
The 2015 California Economic Summit will host a vibrant coalition of public, private and civic sector problem-solvers in Ontario who will meet to continue the effort to enhance California's triple bottom line: simultaneous growth in the economy, improvement in environmental quality, and increased opportunity for all.
In the fourth year of this year-round effort, the Summit has continued to make significant progress with more than 700 experts actively participating on Summit action teams, creating a platform for state and local leaders to work together-and advocating for smart investments in the workforce programs and infrastructure California needs to prosper. For more information on the 2015 California Economic Summit and how you can be involved, CLICK HERE
CalOptima 20 Year Anniversary Health and Wellness Event - Saturday, November 14
Save the date for CalOptima's anniversary event from 10 a.m. to 2 p.m. at the CalOptima in Orange. The organization began serving Orange County in October 1995 and will host health and wellness information, community resource booths, entertainment, and much more! CLICK HERE
for more info.
Climate Investments Workshop - Wednesday, November 18
Save the date for a complimentary Climate Investments Workshop from 8 a.m. to 2 p.m. at SoCalGas Energy Resource Center. There will be a panel presentation discussing how to access cap and trade dollars. CLICK HERE
for more information.
US-Iran Diplomacy: The Change in the Balance of Power in the Middle East - Wednesday, November 18
Join the World Affairs Council of Orange County at 5:45 p.m. Wednesday, November 18 for a panel discussion. CLICK HERE
for more information.
Imagine a Better Tomorrow - Friday, November 20
Save the date for the 17-year anniversary of Collette's Children's Home, Imagining a Better Tomorrow. Collette's Children's Home changes the live and builds a better future for over 3,300 homeless women and children. The event is at 6 p.m. Friday, November 20 at the Hyatt Regency, Long Beach. CLICK HERE
to learn more.
Health and Wellness Expo - Saturday, December 5
Join Union Bank and the American Heart Association for the health and wellness expo from 10 a.m. to 1 p.m. Saturday, December 5 at the Union Bank on Brookhurst St. in Westminster. Free health services will be available, as well as a chance to win a Schwinn Mountain Bike and Adult Bike helmet. CLICK HERE
to learn more.
Threat of Marijuana - Thursday, January 7
Join the Orange County Sheriff's Department from 5:30 to 9 p.m. at Orange County Sheriff's Regional Training Academy for a presentation on the Threat of Marijuana on your business, schools and community. CLICK HERE
for more information.
UPCOMING OCBC COMMITTEE MEETINGS: NOVEMBER
Advocacy and Government Affairs
Friday, November 6, 2015 I 9:30 a.m. to 11:00 am.
Tuesday, November 10, 2015 I 7:30 a.m to 9:00 a.m.
Latino Educational Attainment
Thursday, November 12, 2015 I 9:00 a.m. to 10:30 a.m.
Wednesday, November 18, 2015 I 7:30 a.m. to 9:00 a.m.
Committee meetings are open to OCBC members and invited guests only. All committee meetings are held at the OCBC offices unless otherwise specified. For more information on upcoming committee meetings for 2015 check out OCBC's Committees. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
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