The Leading Voice of Business in Orange County Tuesday, July 1, 2014
LEGISLATIVE UPDATE- BUSINESS COMMUNITY HAS EARLY WINS!
Numerous bills and bonds have been making their way through the California legislature as lawmakers work to meet the mid-July deadline for proposed legislation to appear on the November Ballot. Below are a few updates on legislation that OCBC has been following closely.
OCBC-sponsored language, AB 2712, continues to move through state legislature
is a groundwater cleanup bill that ensures consistency in state law and marks the second piece of legislation introduced by OCBC in as many years. Authored by Assemblymember Tom Daly, 69th District, this bill provides those responsible for groundwater contamination with a clear set of guidelines for corrective action and is aimed at discouraging costly litigation. In a time of critical drought emergency, this bill is needed to ensure that resources are spent on cleaning precious water resources - not lawsuits. The bill continues to move successfully through the legislative process, having passed through three committees and the floor of the Assembly in May, and now having successfully cleared two Senate policy committees including its most recent June 24 unanimous approval in the Senate Judiciary. The bill will head to Senate floor for consideration. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
Water Bond SB 848 dies in Senate
With the failure to acquire the necessary two-thirds votes to pass out of the senate, it is now more crucial than ever for legislators to quickly negotiate a water bond deal that will appeal to both Northern and Southern California stakeholders. OCBC encouraged lawmakers to consider SB 848's counterpart, AB 1331, which leaves the door open for funding to increase water surface storage to better prepare the state for low-rainfall years, and increased water movement through a tunnel system afforded by the Bay Delta Conservation Plan. If lawmakers cannot come to agreement on a bond by mid-July, legislation will not appear on the November ballot, and a water bond will be pushed off again until 2016. This could have severe consequences as the state will be ill-prepared to ward off future droughts, and will be unable to prepare existing water infrastructure for earthquakes. Gov. Brown has now called on lawmakers to reach a deal allotting $2 billion - roughly $1 billion less than what is actually needed - for water surface storage, and $6 billion in water infrastructure funding overall. OCBC will continue to advocate for meaningful water infrastructure funding and monitor the coming weeks' negotiations. For more information, contact Alicia Berhow, Vice President, Workforce Development.
Protect American Jobs and Exports Act introduced to reauthorize Ex-Im Bank
Representative Denny Heck (D-Wash.) introduced Protect American Jobs and Exports Act, legislation which would extend the authorization of the Export-Import Bank of the United States (Ex-Im Bank) for an additional seven years. Since its creation in 1934, the Ex-Im Bank has served as the official export credit agency of the United States with the mission of assisting in financing the export of U.S. goods and services to international markets. The Ex-Im Bank has helped U.S. companies of all sizes turn export opportunities into real sales that help to maintain and create U.S. jobs and strengthen the nation's economy. With the Ex-Im Bank's congressional authorization set to expire on September 30, the Protect American Jobs and Exports Act would not only extend the Ex-Im Bank's authorization for an additional seven years, but would also provide $175 billion in funding for export programs. For additional information on the importance of the Ex-Im Bank to the U.S. and Orange County's economy, read Lucy Dunn's "Don't Mess with Ex-Im Success". For more information, contact Matt Petteruto, Vice President, Economic Development.
It's been a successful few days in the legislature! Three live bills, on which the R.E.A.L. Coalition, through its Economic Competitiveness Committee, has taken an official position on and had materially positive developments. Follow the links for brief updates.
HOSTILE TAKEOVER BAD FOR O.C. BUSINESS
Below is a Letter to the Editor by OCBC's Lucy Dunn, President and CEO, as it was published in The Orange County Register on June 20, 2014.
Charles D. Martin's column, " Allergan should remain independent," was a spot-on analysis of the financial side of a hostile Valeant Pharmaceuticals takeover attempt. Allergan is essential to the medical technology industry, while Valeant's model of "acquire and cut" has not proven to be a successful business- nor community-supporting strategy. Shareholders of both companies should be nervous. Valeant's promise to cut $2.7 billion from Allergan, including $900 million in research and development, immediately threatens thousands of California jobs, 68 research facilities and millions in global and local community investment. Orange County in particular will be hard hit with the elimination of more than 4,000 jobs, seven research facilities and $1.5 million in local investment. CLICK HERE to read more. For more information, contact Matt Petteruto, Vice President, Economic Development.
REGISTER TODAY FOR OCBC'S ALL-INCLUSIVE EXECUTIVE INVITATIONAL GOLF TOURNAMENT - JULY 24
OCBC's 2014 Executive Invitational Golf Tournament is selling out quickly!
Fewer players, faster play, all-inclusive packages, excellent networking, don't miss out!
The all-day event, presented by Kaiser Permanente, will take place Thursday, July 24 at Monarch Beach Golf Links in Dana Point. Join the county's top executives for the premier networking event of the season! To enhance the players' experience, there will now be fewer golfers on the course and no buy-in holes for faster play times than previous years. The tournament will feature a hole-in-one contest, putting contest, opportunity drawings, horse race classic, and a driving range! Sponsorship opportunities are available to those companies interested in marketing their brand to Orange County's business leaders!
WHEN: Thursday, July 24, 2014 I 12 p.m. Shotgun Scramble
WHERE: Monarch Beach Golf Links
COST: Corporate Foursome: $2,200 I Individual OCBC Member: $550 I Individual Non-member: $650
For more information, contact Sabra Benes, Events Manager.
REPORT HIGHLIGHTS ECONOMIC BENEFITS OF BAY DELTA CONSERVATION PLAN
A new report from UC Berkley economist Dr. David Sunding finds that the Bay Delta Conservation Plan (BDCP) would be a major job creator for California, while also protecting hundreds of thousands of jobs across the state. Specifically, the study found that BDCP would result in the creation and protection of more than one million full-time equivalent jobs over the life of the project. Also, construction and operation of the proposed tunnels would create an estimated 155,090 jobs in the Sacramento-San Joaquin Delta region. Reliable water supplies gained through BDCP implementation will protect and save an estimated 980,722 statewide jobs. Business output related to the BDCP is expected to exceed $73 billion. CLICK HERE for an infographic on BDCP Job Creation and Protection. CLICK HERE for more information on the report. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
U.S. BANCORP IS ONE OF THE 'WORLD'S STRONGEST BANKS'
U.S. Bancorp is the only bank in the United States to make the 2014 list of the World's Strongest Banks, which Bloomberg recently released. Ranked at 19, U.S. Bancorp joined other globally prominent financial institutions such as Hang Seng Bank of Hong Kong, which ranked first, and China Construction Bank, which ranked 20th. Ranking was judged on a variety of criteria, including Tier 1 capital compared with risk-weighted assets; nonperforming assets against total assets; and efficiency, or a measure of cost against revenue. Only banks that provided data in all five categories were included. CLICK HERE to view the list of the World's Strongest Banks. CLICK HERE for the list of regional banking leaders. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
OCBC AROUND THE COMMUNITY
OCBC's hosts Campaign for College Opportunity
On June 16, the OCBC Workforce Development Committee hosted the Campaign for College Opportunity (CFCO) to meet with business leaders, non-profit organizations and educators to assist in developing a higher education plan for the state of California. CFOC's goal is to create a higher education plan to submit to Gov. Brown that provides clear direction and goals to increase college going and completion. This plan would reflect the diverse needs of today's students and responds to workforce needs to close the persistent opportunity gaps between different groups of students and ensure investment in higher education works for students and the state. Committee members including OCBC Immediate Past Chair Michael Hornak, Rutan & Tucker, LLP consulted with CFCO on accountability, affordability, completion and access to better assist students with graduating, entering the workforce and contributing to the economy. CLICK HERE to read more. For more information, contact Alicia Berhow, Vice President, Workforce Development.
Dr. Wallace Walrod speaks at the 2014 Cleantech OC Clean Transportation Symposium
On June 19, Wallace Walrod, Ph.D., Chief Economic Advisor to OCBC, was the opening speaker at the 2014 Cleantech OC Clean Transportation Symposium held at Brandman University in Irvine. Dr. Walrod briefed attendees on OCBC's Alternative and Renewable Fuel and Vehicle Technology Project, which is a joint effort among several regional workforce, economic development, and educational organizations in Orange and Los Angeles Counties the region maintains its presence in the alternative fuel and advanced transportation industry. Dr. Walrod also discussed the need to enact meaningful changes to the state and county's transportation funding mechanism. CLICK HERE for an infographic on "Are you Paying your Fair Share?" For more information, contact Dr. Wallace Walrod, Chief Economic Advisor to OCBC.
DON'T MISS OCBC'S NEXT CHAIRMAN'S LEADERSHIP BREAKFAST WITH PARKER KENNEDY - AUG. 5
Join OCBC for the next Chairman's Leadership Breakfast Tuesday, August 5, 2014 where Tom Phelps, Chair, OCBC CEO Leadership Caucus, will interview Parker Kennedy, Chairman of First American Financial Corporation, a Fortune 500 company with revenues exceeding $8 billion annually. In 2003, he was recognized as one of America's top chief executives on Forbes Magazine's prestigious of "Best-Performing Bosses." Don't miss out on this opportunity to hear from one of OC's leading executives! Thank you to generous sponsors AT&T and Wells Fargo.
WHEN: Tuesday, August 5, 2014 I 7:15 a.m. Registration I 8 a.m. Program and Breakfast I 9 a.m. Adjourn
WHERE: The Center Club I 650 Town Center Dr., Costa Mesa
COST: $85 Member I $145 Non-member I $175 CLB Series (2 events)
For more information, contact Sabra Benes, Events Manager.
RESHAPING THE WORKFORCE LANDSCAPE- OCT. 7 CONFERENCE
Understand what the current skills gap facing today's workforce and what this could mean for your business and industry. Register today for the 2014 Workforce Development Conference, hosted by OCBC and the Orange County Workforce Investment Board, presented by Union Bank. The conference will feature Ken McNeely, President, AT&T California, who will address the current skills gap companies face with incoming employees and what is needed to prepare a workforce for a competitive 21st century global economy. The conference will also unveil the 2014 Workforce Indicators Report with OCBC Chief Economic Advisor Dr. Wallace Walrod analyzing the county's economic and workforce trends. Thank you event sponsors Kaiser Permanente, The Boeing Company, Chevron, AT&T, Southern California Edison, Southern California Gas Company, and Wells Fargo.
WHEN: Thursday, October 7, 2014 I 11 a.m. to 1:30 p.m. I Sponsorships: $5,000 I $2,500
WHERE: Hotel Irvine
COST: Member: $125 I Non-member: $150
For more information, contact Sabra Benes, Events Manager.
WHAT IS ON THE HORIZON FOR OC'S ECONOMY? ECONOMIC FORECAST CONFERENCE - OCT.23
Join OCBC and California State University, Fullerton for the 20th Annual Economic Forecast Conference, presented by US Bank, on October 23, 2014 at Hotel Irvine. The conference features a forecast of Orange County's economic climate by Dr. Anil Puri, Dean of the Mihaylo College of Business and Economics, CSUF; and Dr. Mira Farka, Center for Economic Analysis and Forecasting, CSUF. And will also feature keynote speaker Emile Haddad, President and CEO, FivePoint Communities. Join hundreds of Orange County business leaders for the county's premier economic conference and learn the latest opportunities for business growth and how to plan for the future.
WHEN: Thursday, October, 23, 2014 I 11 a.m. to 1:45 p.m.
WHERE: Hotel Irvine
COST: Individual: $160 I Table of Ten: $1,500 I Sponsorships: $7,500 I $3,500
For more information, contact Sabra Benes, Events Manager.
ORANGE IS THE "NEW" GREEN: WALMART'S CONCEPT TRUCK GOES THE EXTRA MILE
Walmart collaborated with its many vendor partners to develop the Walmart Advanced Vehicle Experience, which is a tractor-trailer combination designed to further improve the mega-retailer's operational efficiency and reduce fuel consumption. Like the futuristic, attention-grabbing concept cars that make their presence known at automotive shows worldwide, the Walmart Advanced Vehicle Experience prototype will continue its evolution before it's seen on the open road. As one of North America's largest private fleet owners and operators, Walmart is committed to delivering more merchandise while driving fewer miles on the most efficient equipment. As of 2013, the company had improved its fleet efficiency 84 percent over its 2005 baseline and since 2007, Walmart has delivered 658 million more cases while driving 298 million fewer miles. For more information, contact Delaine Moore, Communications Manager.
NEWS YOU CAN USE: COUPONS AND DEALS
Retale: Retale enhances your shopping experience by making it easier than ever to find great deals and in-store promotions at some of America's largest retailers. Not only are local sale papers delivered to your mobile device, you can create alerts so that you are notified when stores you like are having promotions.
Shopular: Coupons found in this app are updated daily and offer deals on the best selection of hand-picked in-store coupons and deals for your favorite stores.
Hot Deals: This app helps you find the best deals to plan your shopping by sending you coupons and alerts when items' prices are falling.
Slickdeals: This app is the mobile extension for the well-known website that has been offering consumers deals since 1999. It is a user-generated site that has saved consumers over $2.6 billion.
For more information, contact Delaine Moore, Communications Manager.
OC Fair- July 11 to August 10
It's that time of year again! Head over to the OC Fair Friday, July 11 to Sunday, August 10 in Costa Mesa for fun for the whole family. Enjoy show-stopping entertainment, fantastic exhibits, shopping, rides, and much, much more! CLICK HERE for more information.
IMPACT14: Internet Marketing Reimagined - September 24 through 26
Registration is now open for IMPACT14, which is the IMA Conference and Awards focusing on the internet marketing industry from, September 24 through 26, 2014 at Aria Resort, CityCenter, Las Vegas, Nev. This extraordinary event focusing on innovation, education and recognition, and hosts distinguished keynote speakers on vital internet marketing topics, a series of breakout sessions presented by the industry's leading experts, and the 2014 IMPACT Awards recognition and celebration. CLICK HERE for a video about the event. CLICK HERE for more information.
UPCOMING OCBC COMMITTEE MEETINGS: JULY
Infrastructure Committee Meeting
Tuesday, July 8, 2014 I 7:30 a.m. to 8:45 a.m.
Workforce Development Committee Meeting
Wednesday, July 16, 2014 I 7:30 a.m. to 9:30 am. (STEAM Forum at Microsoft)
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 2014 check out OCBC's Committees. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
|IN THIS ECONOMY, YOU NEED ALL THE HELP YOU CAN GET!|
SPECIAL DISCOUNTS FOR OCBC MEMBERS. One of the many benefits of being a part of the Orange County Business Council is the ability to leverage our member relationships to improve your business. Take advantage of our new offers:
NEW! SUPPORT PACIFIC CHORALE AND ENJOY SHOWS AND SOIREES THROUGHOUT THE YEAR
Vivace is a new social-oriented support group of the Pacific Chorale, creating opportunities for music lovers to engage by attending concerts and interacting socially with the Pacific Chorale family. Vivace membership includes concert tickets, special soirees, and discounts and other offers at restaurants and hotels. For more information contact Liana Schwind at 714.662.2345 or firstname.lastname@example.org.
PACIFIC SYMPHONY GROUP DISCOUNTS
Gather a group for live music and a great evening out with Pacific Symphony at the Verizon Wireless Amphitheater this summer. From the music of Neil Diamond to Beethoven to the soundtrack of your favorite Pixar Movies; there's something for everyone this summer. These concerts are perfect for staff events, clients, partner organizations, groups of friends, and family. Groups of 10 or more save 20% or special seating in 3rd tier Upper Terrace at just $20 for groups only. Visit PacificSymphony.org for complete schedule, seating charts and concert information. Group discounts are available only through Group Sales at (714) 876-2384 or by email to Groups@PacificSymphony.org
SAVE MONEY AND ELECTRICITY BY GOING SOLAR WITH SUNPOWER
Have you considered solar for your home? The world's leading solar manufacturer, SunPower Corporation, has joined OCBC and is offering OCBC investors (and their employees) a special discount on solar for your home. Beyond a generous discount for us all, SunPower is also making a donation to STEM Education in Orange County for each residential system purchased through this program. This is a great way to save costs on electricity and to support the local community at the same time. CLICK HERE to sign up for a free solar home evaluation and for more information on this special offer.
SPECIAL DISCOUNTS FROM TOSHIBA
OCBC members receive special discounts on Toshiba LCD televisions, laptop computers and accessories. CLICK HERE for the discount website or call 1-800-405-3704 and reference PROGRAM ID: PAOB.
DISCOUNTED SHIPPING RATES
Through the UPS Discount Program, OCBC members can save up to 28% on international, air and ground shipping. Whether you need a shipment to arrive the same day, the next day or in a few days, UPS will get your package there on time - guaranteed. Visit http://savewithups.com/ocbc/ or call 714.502.2577.
|GET CONNECTED ONLINE WITH OCBC |
If you have questions on how to get connected with OCBC online, contact Delaine Moore
, Communications Manager, at 949.794.7220 or email@example.com.
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Forward OCBC's E-Indicator newsletter to friends and colleagues by clicking on the "Forward Email" link at the bottom of the email and encourage them to sign up for one of Orange County's premier business publications.
|IS IT NEWS TO YOU? THEN IT'S NEWS WE CAN USE |
Have an event coming up? Was your company just highlighted in the news? Are you doing something great in Orange County? The Business Council wants to know about it. Now OCBC members can submit news stories for OCBC's Indicator e-Newsletter. Click here
and fill out the submission form for one of Orange County's premier business news source. Not a member? Click here
for more information on how to get involved and join the leading voice of business in Orange County.
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