The Leading Voice of Business in Orange County                                                                                   Tuesday, February 9, 2016
BREAKING NEWS: OC STREETCAR IN PRESIDENT OBAMA'S FEDERAL BUDGET
Today, the future of modern transportation is closer to reality as the county's first streetcar plan receives a major boost in federal funding. President Barack Obama included $125 million for Santa Ana's OC Streetcar in the budget for next fiscal year, 2016-17. This inclusion puts the project on the path to receiving up to half of the project's cost from federal funds. Within the next two years, the Federal Transit Administration will consider a full-funding grant agreement, which finalizes the total project funding amount from the New Starts program. "This is a major step forward to enhance the county's mobility options," said Lucy Dunn, president and CEO, OCBC. "This inclusion signifies an understanding at the federal level of the critical nature of such a project, which will ensure a variety of travel options for the growing metropolis of Orange County. OCBC will continue to assist our local government agency partners to ensure Orange County residents get their fair share of infrastructure dollars from the state and federal governments." CLICK HERE for more information on the OC Streetcar plan. Contact Bryan Starr, Senior Vice President, Government Affairs. 
UPDATE: PORTER RANCH/ALISO CANYON GAS LEAK - NO PERMANENT WELL CLOSURES PLANNED
Southern California Gas Company (SoCal Gas) released a statement correcting inaccurate reports that the company is closing 18 wells at Aliso Canyon, the site of an ongoing gas leak affecting Porter Ranch residents. "It is not correct that SoCal Gas has committed to permanently shutting down 18 wells. These wells, however, have been identified as the top priority for inspection. To conduct inspections, it is necessary to install temporary plugs to prevent the flow of gas. Once inspection is completed, an assessment will be made on future course of actions, including determination if the well is safe to put back into service." Over 5 million gas customers are served by Aliso Canyon, the second largest gas storage facility in the U.S. CLICK HERE for the full update. For more information, contact Bryan Starr, Senior Vice President, Government Affairs. 
WHAT ARE YOU WAITING FOR? YOU KNOW IT WILL BE GREAT! OCBC'S ANNUAL DINNER - FEB. 18
Get your ticket now! OCBC's 2016 OCBC invites you to its 2016 Annual Dinner and Installation of Board of Directors under the theme "The Nation of California: Pursuit of the Ideal Climate," presented by Hilton Hotels & Resorts, is right around the corner. The "Nation" of California and the "State" of Orange County celebrate the ideal climate for business, innovation, tourism and quality of life.  Michael Smerconish, Host of Smerconish on CNN and SiriusXM, is featured keynote -- "Stuck in the Middle with You: How Did We Get Where We Are (Politically) and What Will it Take to Get Out?" and include a thought provoking and balanced dialogue on the 2016 presidential election as well as the possible long-term implications of polarization in politics over the coming years. For more information, contact Sabra Ritter, Director of Events. 

WHEN: Thursday, February 18, 2016   TIME: 5:30 Registration I 9:00 Adjourn   WHERE: Hotel Irvine 
 
U.S. REP MIMI WALTERS' OUTLOOK FOR 2016
The Advocacy and Government Affairs Committee hosted The Honorable Congresswoman Mimi Walters, 45th District of California, Friday to thank her for supporting critical legislation for business interests, as well as discuss upcoming policy concerns for 2016. OCBC thanked the Congresswoman for her support of Trans Pacific Partnership passage, as well as Export-Import Bank reauthorization - both of which are critical for many Orange County businesses engaged in international trade. The Congresswoman took the opportunity to highlight that it has been a busy year in her first session of the House, noting that over 596 bills were passed by the House, 118 of which were signed by the President - despite media coverage of gridlock and congressional inaction. She discussed updates from the Transportation and Infrastructure Committee, of which she is a member, and cited numerous policies that will be a focus for her in the coming year, including tax reform, health care and education. During the meeting OCBC discussed a necessary amendment to the upcoming FAA bill that would reassure guaranteed protection of transportation sales tax measures like Measure M. OCBC encourages Mrs. Walters to co-author an amendment put forth by Congresswoman Napolitano. The bill is set for mark up in a committee hearing Thursday, February 11. For more information, contact Bryan Starr, Senior Vice President, Government Affairs. 
DUNN & DONE: WE NEED A GAS TAX REPLACEMENT
In its Jan. 28 editorial, "Going down wrong road on gas taxes," the O.C. Register didn't just choose the "wrong road," but a path to a fiscal cliff. I serve as chair of the California Transportation Commission, which is responsible for allocating funds for highway construction, passenger rail and transit improvements, active transportation such as walking and biking and a host of other mobility projects. A variety of financial indicators showed that the excise tax portion of the gas tax, which funds the State Transportation Improvement Program, was likely to remain flat or decline in the immediate future. Last week, CTC announced its decision to "deprogram" three-quarters of a billion dollars in projects. Affected projects in Orange County may include improvements to I-5, I-405 and CA-57. Following this decision, we urged the Legislature to make funding and maintaining safe and effective infrastructure a top priority, in addition to reforms in system management by Caltrans. Otherwise, even more project cuts will come. CLICK HERE to read more. For more information, contact Bryan Starr, Senior Vice President, Government Affairs. 
OCMOVES COMMITTEE MEETS TO DISCUSS TRANSPORTATION FUNDING SOLUTIONS
The OCMoves Committee met in January to hear a presentation from Baruch Feigenbaum, Assistant Director of Transportation Policy at Reason Foundation -- a non-profit think tank. The topic at hand focused primarily on looking for alternatives to higher taxes for Southern California's mobility enhancements. Feigenbaum's research reveals that the cost of congestion -- as measured in wasted time and fuel -- is estimated at $13.3 billion per year, or $1,711 per commuter annually. Currently, it takes 43 percent longer to travel in Los Angeles during peak periods, when congestion is severe, than during off-peak hours -- ranking the region as the second worst in cumulative delay times compared to other large metropolitan regions. The Reason Foundation put together a plan to address these issues, independent of the recently released Southern California Association of Governments (SCAG) Regional Transportation Plan. The think-tank proposes a series of express ways and transit upgrades, including managed arterial lanes (side streets). The committee also laid out a series of goals for 2016, including advocating for legislative solutions to state transportation funding. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
CRACKING THE GLASS CEILING: WOMEN DIRECTORS MEAN MORE SALES AND MORE CORPORATE REVENUE!
Microsemi, a major chipmaker, has no women among its highest-paid executives. And none on its board of directors. Until recently, that wasn't an issue. "Tech companies convinced ourselves, 'Oh, there are so few engineering-minded females,'" says James Peterson, chairman and chief executive of the Aliso Viejo-based corporation. "But today in engineering, the best-in-class students are often female." Now, he acknowledges, "I feel guilty there are no females on my board of directors. As I look at the boards of other companies, I think it's time." Businesswomen may be "leaning in," or pushing to get ahead, as Facebook's Sheryl Sandberg famously advised them to do. But in Orange County, even more so than in California and the nation at large, they're only beginning to crack the glass ceiling. At a time of increased scrutiny of corporate diversity, 9.5 percent of the highest-paid executives at the county's major publicly held companies were women, and women held 10.5 percent of board seats, according to an analysis of their most recent proxy statements by UC Davis' School of Management. CLICK HERE to read more. 
CA HIGHSPEED RAIL PROJECTIONS FOR A LOWER COST
New projections for the California High Speed Rail (HSR) project indicate a likely lower cost for building the train route that will connect Northern and Southern California. Dan Richard, Chairman of the Board for the California HSR Authority, testified at an assembly hearing January 28 that he is confident that with the new business plan for building the bullet train will lower cost from its initial price tag of $68 billion, despite the possibility that it might take longer. The 2014 business plan said the first 250-mile phase linking San Francisco Bay area to greater Los Angeles would be finished in 2028, however there were minor delays caused by land acquisition in the Central Valley. The initial $68 billion price tag for the project included $10.9 billion in contingencies for unexpected cost increases and inflation, however, the faster the train is built, the less it will cost. For more information, contact Bryan Starr, Senior Vice President, Government Affairs. 
CONGRATS TO UNION BANK ON OPENING FIRST STUDENT-RUN BRANCH IN OC
Anaheim Union High School District and Union Bank partnered together to open the first Orange County student- run branch. It is the fourth student-run Union Bank branch in California, which is part of a program designed to provide students with real-world financial education, work experience, and mentoring opportunities. The students receive a $500 stipend for working in the branch and a $1,000 scholarship for college when the course is completed. The branch is overseen by Union Bank Branch Manager and Vice President Lydia Mendoza-Carmona. For more information, contact Jocelin Jimenez, Economic Development Specialist.
OCBC WELCOMES NEW INVESTORS
OCBC is pleased to welcome new investors American Red Cross, Friendly Hills Bank, Greenberg Gross LLP, Information Management Resources Inc., and R.D. Olson Development.  American Red Cross is provides compassionate care to those in need through a network of generous donors, volunteers and employees sharing a mission of preventing and relieving suffering. Friendly Hills Bank is dedicated to promoting bringing local businesses, professionals, residents and organizations together for the economic and social benefit of the community. Greenberg Gross LLP is a returning member to OCBC and provides excellent service to clients in high-stakes litigation in the most cost-effective manner. IMRI provides cyber security, technology, program management, and engineering services to the federal government and private sector. R.D Olson Development is engaged in the development and repositioning of commercial properties nationwide, specializing in hospitality properties. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development. 
CHAIRMAN'S LEADERSHIP BREAKFAST WITH LAX'S DEBORAH FLINT - MARCH 22
Join OCBC for a Chairman's Leadership Breakfast featuring Deborah Flint, Executive Director, Los Angeles World Airports, sponsored by AT&T and Wells Fargo. She was appointed June 2015 to oversee Los Angeles International (LAX), Ontario International (ONT) and Van Nuys. Her responsibilities involve managing the largest public works project in the history of the City of Los Angeles, with more than $8.5 billion for capital improvement expenditures planned through Fiscal Year 2019 at LAX. Before her role at LAWA, Flint served as Aviation Director at Port of Oakland (OAK). While there, she delivered the $480-million BART Aiport Rail project after years of effort and challenges, executed strategies to stabilize and reverse passenger traffic decline, redesigned OAK's customer experience, and more. Don't miss this opportunity to hear from one of Southern California's leading executives, interviewed by Tom Phelps, Chair of OCBC's CEO Leadership Caucus. 

Time: 7:15 a.m. Registration I 8:00 a.m. Program  I  9:00 a.m Adjourn   Date: Tuesday, March 22, 2016
Place: The Center Club  I  650 Town Center Dr., Costa Mesa

OCBC AROUND THE COMMUNITY
CSUF Center for Leadership Series -- Friday, January 29
Lucy Dunn spoke at the CSUF Leadership Series which was devleoped to connect business executives with our undergraduate business students enrolled in the "Scholars" program. Discussion included advice for undergraduate students on how to prepare now for the jobs they want tomorrow, how to look for internships that will train them for the skills needed in the workforce, and Dunn's own journey. 

OC Economic Luncheon - Friday, February 5
OCBC's Lucy Dunn spoke at Saddleback College on the role and importance of South Orange County to the county as a whole. She focused on the importance of the 11 southern counties working together, as well as applauded South OC Economic Coalition and Saddleback College for taking leadership roles within the county. But South OC must be vigilant: growth is at 0 percent, unemployment is slightly up (while the rest of the county is down), there is no new commercial development, young family housing is not affordable, and transportation mobility constraints are not yet resolved. 
MEMBERS IN THE NEWS
POLITICAL CORNER  
Political Corner events are for informational purposes only and are not necessarily endorsed by OCBC.

Townhall Meeting on Personal Security & Emergencies - Wednesday, February 17
Congresswoman Mimi Walters, California 45th District, is hosing a panel of local law enforcement experts to discuss best practices for personal security and emergency preparedness from 5:30 to 7 p.m. at Wednesday, February 17 at Clifton C. Miller Community Center , Tustin City Hall.CLICK HERE for more information. 
COMMUNITY EVENTS    
County of Orange Vendor Information Day - First Thursday of each month
The County of Orange hosts a Vendor Information Day each month to provide prospective vendors an opportunity to learn how to do business with the County and to provide a forum to answer questions regarding the County's procurement process on the first Thursday of each month (excluding holidays) from 9 to 11 a.m. at the County Procurement Office in Santa Ana. CLICK HERE for more information.
 
Living and Working in the US: Perspectives on Immigration, Taxes, and Liability Risks - Thursday, February 25
Join the California German American Business Association to learn about solutions from a panel of experts on immigration law, taxes and liability risks for those staying in the U.S. as part of the GABA Southern California Expat Series from 6:30 to 9:15 p.m. Thursday, February 25 at the Goethe-Institut Los Angeles. CLICK HERE for more information.
 
Wilderness Preserve Hiking and Riding Tours - February 27 to November 19
Orange County Transportation Authority is offering free excursions on various open space preserves that are permanently protected. This is a great opportunity for special access to some of Orange County's pristine open space and enjoys the natural landscape. CLICK HERE for more information, as well as dates and times.

Reception Honoring California Transportation Commission with Special Guest Will Kempton - Wednesday, March 16
Join the CTC for a reception with special guest Will Kempton, retiring Executive Director from 5 to 7 p.m. Wednesday, March 16 at Andrei's Conscious Cuisine & Cocktails in Irvine. Sponsorships are available. CLICK HEREfor more information.  
 
Regional Leadership Forum 2016 - March 30- April 1
Register today for the 2016 Regional Transportation's 2016 Forum asking "What's Transportation's Future?" March 30 to April 1 at Monterey Marriott. The forum is a chance to meet, network, and share ideas with the leading regional leaders and thinkers from around the state. CLICK HERE for more information. 
UPCOMING OCBC COMMITTEE MEETINGS: FEBRUARY
Latino Educational Attainment
Friday, February 12, 2016  I  9:00 a.m. to 10:30 a.m.

Workforce Development
Wednesday, February 17, 2016  I  7:30 a.m. to 9:00 a.m.

Community College Working Group
Wednesday, February 17, 2016  I  9:00 a.m. to 10:00 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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Do you tweet? Have a Facebook page or surf YouTube? Then follow the latest news and information from OCBCsocial media online. Follow us on Twitter. Like our Facebook page. Tune into our YouTube channel. Check out OCBC's blogs: Dunn and Done and CaliforniaSquirrel. Or visit our newest website, LocationOC.com.

If you have questions on how to get connected with OCBC online, contact Delaine Moore, Communications Manager, at 949.794.7220 or dmoore@ocbc.org.
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Orange County Business Council Secures the Future in 2015
Orange County Business Council Secures the Future in 2015
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