The Leading Voice of Business in Orange County Tuesday, September 22, 2015
US EPA TO ENGAGE IN OC'S GROUNDWATER BASIN - NOT A GOOD THING
Orange County gets upwards of 70 percent of our drinking water from the groundwater basin, which is critical infrastructure that serves as a backbone for the county's economy. Yet for more than a decade, Orange County Water District (OCWD) has exaggerated contamination levels in areas of Anaheim and Fullerton. OCWD has lost two major court cases and shaken down businesses for millions of dollars without cleaning up a drop. Furthermore, for the last two years OCWD has secretly lobbied the US Environmental Protection Agency (EPA) to declare portions of the groundwater basin as a federal environmental disaster area, or "Superfund Site," despite publicly protesting that they did not want EPA to engage. Unfortunately earlier this month, US EPA transmitted their intentions to begin the Superfund process here. This announcement comes at a time when real local cleanup solutions are being negotiated. US EPA'S announcement will likely stall any local solutions and expeditious cleanup. If there's anything that's certain, US EPA is not known for efficient or effective processes. OCBC will continue to engage all of the agencies to try and mitigate economic consequences associated with a federal Superfund designation on our local drinking water source. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
JOIN OCBC'S VOICE IN URGING GOV. BROWN TO SIGN THESE CRITICAL BILLS!
Urge the Governor to sign AB 194 (Frazier), CLICK HERE to greatly improve mobility across the state and directly affect Orange County transportation projects. For Orange County specifically, AB 194 is critical for improvements to the I-405, the single largest project in California. Without AB 194, the I-405 will face delays and cost taxpayers unnecessary fees. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
Urge the Governor to sign AB 288 (Holden), CLICK HERE. Sponsored by OCBC, this bill would allow California high school students to take community college classes, and for technical education for students who plan to work after graduating from high school. CLICK HERE to read a recently published oped in support. For more information, contact Alicia Berhow, Vice President, Workforce Development and Advocacy.
Urge the Governor to sign SB 359 (Beall and Hancock), CLICK HERE. OCBC co-sponsored this bill, also known as the California Mathematics Placement Act of 2015, and it calls for all school districts in California to adopt a fair, objective, and transparent mathematics placement policy -- one where placement in the appropriate math class is based on a student's actual proficiency in the subject matter, rather than a teacher's subjective perception on students' achievement. For more information, contact Alicia Berhow, Vice President, Workforce Development and Advocacy.
BANKING PROVISIONS IN SENATE 'DRIVE ACT' WILL HURT U.S. ECONOMY
OCBC strongly supports a long term reauthorization of the Federal Highway Trust Fund, but the Senate proposal known as the "DRIVE" Act would rewrite a significant portion of the Federal Reserve's charter to connect it with funding transportation improvements but in a way that has no nexus to America's infrastructure needs. Member banks of the Federal Reserve are required by law to purchase stock in regional Federal Reserve banks. This stock may not be sold, transferred or even used as collateral, unlike virtually every other asset a bank holds. In other words, it represents "dead capital" for the financial institution. The Federal Reserve has been paying the larger financial institutions 6 percent dividends for these constraining stocks for a better part of a century. The act would reduce dividends to a drastically lower 1.5 percent dividend. The 4.5 percent savings would then be directed to the Highway Trust Fund.
The economic implications of taxing banks in this fashion are severe. It has been reported that this provision would result in $17 billion in new revenue, but that is $17 billion that would no longer be available to the economy for loans and other investments. Reauthorizing the Highway Trust Fund is a critical objective, leading to important investments in our national infrastructure. However, paying for it in this fashion lacks fairness, has no nexus to the need for investment in transportation infrastructure, and would impede economic growth. CLICK HERE to read a recent letter OCBC sent to Congressman Paul Ryan, Chairman of the Committee on Ways and Means urging the rejection of this measure. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
SELLING OUT FAST! OCBC'S ECONOMIC DEVELOPMENT FORUM - SEPT. 24
Orange County is a hub for International Trade and a Manufacturing industry powerhouse. Don't miss OCBC's 2015 Economic Development Forum focusing on "How Orange County Manufacturers are Thriving in the Global Market," sponsored by Chase! The forum will feature keynote speaker Morgan McGrath, Head of International Banking, Commercial Bank, JPMorgan Chase, as well as a panel discussion, and an OC manufacturing update from Dr. Wallace Walrod, Ph.D., Chief Economic Adviser to OCBC. Moderating the panel is Kellie Aamodt, Vice President West Region Sales, UPS. Panelists include Jatan Shah, COO, QSC Audio Products; Tom Croslin, Vice President, Boeing Commercial Airplanes, Southern California Engineering Design Center, The Boeing Company; and Dr. Noel Hacegaba, Managing Director of Commercial Operations and Chief Commercial Officer, Port of Long Beach.
DATE: Thursday, September 24, 2015 REGISTRATION: 7:30 a.m. PROGRAM: 8 a.m.
ADJOURN: 10:00 a.m. PLACE: The Irvine Marriot I 18000 Von Karman Ave., Irvine
For more information, contact Sabra Ritter, Director of Events, at 949-794-7241.
SKILLS GAP AND WHAT BUSINESSES NEED TO KNOW - OCT. 8 CONFERENCE
Join OCBC and the Orange County Workforce Investment Board for the 2015 Orange County Workforce Development Conference, presented by Union Bank. The conference will focus on the theme "Bridging the Workforce Skills Gap: What Does Business Need to Know?" The conference will unveil the 2015 Workforce Indicators Report, presented by OCBC's Chief Economic Advisor Dr. Wallace Walrod. There will also be a panel of experts, including Assemblymember Chris Holden, 41st District of California; Brian McMahon, CA Department of Labor and Workforce Development, Jason Tyszko, U.S. Chamber of Commerce Foundation; Noel Massie; UPS. For more information about sponsorship opportunities, contact Alicia Berhow, Vice President, Workforce Development and Advocacy.
DATE: Thursday, October 8, 2015 REGISTRATION: 11 a.m. PROGRAM: 11:30
ADJOURN: 1:30 p.m. PLACE: The Island Hotel I 690 Newport Center Drive, Newport Beach
For more information about the event, contact Sabra Ritter, Director of Events, at 949.794.7241
OPPORTUNITY FOR BUSINESSES TO COMMENT ON PROPOSED AIR QUALITY STANDARDS
The South Coast Air Quality Management District (SCAQMD) is currently in the process of developing the 2016 Air Quality Management Plan (AQMP), which will serve as a regional blueprint for achieving federal air quality standards in the south coast basin for the next several years. The AQMP will be crafted in part on eight white papers on the different topics to be addressed by the new rules and the goals are likely to impact several industries in particular. Affected industries include trucking and other transportation, construction and building, restaurants, as well as commercial building owners. Businesses that are impacted by SCAQMD regulations are encouraged to review the white papers and provide feedback to the SCAQMD Board of Directors prior to the October 2 Board meeting.
Written comments and questions should be submitted to Michael Krause at email@example.com
. To review the 2016 AQMP white papers, click HERE
. For more information, contact Matt Petteruto,
Vice President, Economic Development.
PORT OF LONG BEACH DEBUTS 'GREEN PORT GATEWAY' TO IMPROVE TRAFFIC, ENVIRONMENT
On September 16, the Port of Long Beach
commemorated the completion of a $93 million rail project vital for improving the efficiency and sustainability of cargo movement as shipment volumes increase at the port. The "Green Port Gateway" project - funded in part with state and federal transportation dollars - realigned a critical rail pathway to relieve a bottleneck, allowing port terminals to increase their use of on-dock rail, decreasing truck traffic and air pollution.
With the addition of almost 6 miles of new track, the upgrades will serve the port's southeast terminals, including the new Middle Harbor terminal. A major resource for the growth of Orange County's international trade industry, the Port of Long Beach plans $1 billion in rail projects over the next decade as part of a broader modernization program to strengthen the port's competitiveness and reduce port-related impacts to the environment. President and CEO Lucy Dunn serves as Chair of the California Transportation Commission and spoke at the ceremony, applauding the port on the successful and efficient completion of the project that will both relieve traffic congestion and dramatically positively impacts the environment. For more information, contact Matt Petteruto,
Vice President, Economic Development.
STUDY: OC RANKS SECOND IN CA IN TERMS OF HIGHEST INVESTMENT ACTIVITY
New York financial technology company SmartAsset conducted a recent study aimed at capturing the places across the country that are receiving the most incoming investments in business, real estate, government and analyzing the local economy as a whole. Counties were measured by change in the local GDP over a four year period and then ranked accordingly. Orange County ranked second on this list, with a $12, 911 million GDP growth and a 35.41 GDP growth index,
following Los Angeles county's $36,466 million GDP growth and 100 GDP growth index. CLICK HERE
for an interactive map indicating regional investment data, such as building permits issued, as well as further information on the study's methodology.
BILL BALFOUR TO SERVE AS OCBC'S APPOINTEE TO COMMISSION TO END HOMELESSNESS
OCBC is pleased to announce that Bill Balfour, Senior Credit Product Manager, Commercial Real Estate Banking, Bank of America
Merrill Lynch, will serve his first full term as one of two of OCBC representatives on the Commission to End Homelessness (C2EH). The commission provides oversight and accountability for the implementation of the goals and strategies as defined in the county's Ten-Year Plan to End Homelessness. The public-private partnership of the commission helps ensure comprehensive, regional coordination of efforts and resources to reduce the number of homeless and persons at risk of homelessness throughout Orange County. At Bank of America, Balfour is responsible for the team of professionals that originate, underwrite, close and monitor commercial real estate financing to Southern California's top real estate investors, developers, and funds. He joins OCBC's other appointee to the C2EH, Tom Burnham, formerly of Allergan
. For more information, contact Larry Brose
, Vice President, Investor Relations and Business Development.
OCBC WELCOMES CSU FULLERTON'S GREG SAKS TO THE BOARD OF DIRECTORS
OCBC is pleased to welcome Greg Saks, Vice President, University Advancement & Executive Director, Cal State Fullerton
Philanthropic Foundation to the Board of Directors. As the chief advancement officer for the university, his portfolio includes all units related to fundraising, strategic communications, campus events, and alumni, community and government relations. Since his arrival at the university, the total gift commitments to Cal State Fullerton have doubled, as well as noteworthy increases in media and other stakeholder engagement. For more information, contact Larry Brose,
Vice President, Investor Relations and Business Development.
REGISTER FOR 2015 ECONOMIC FORECAST CONFERENCE - OCT. 29
How will your business advance in a world of economic and cyber uncertainty? Join OCBC and California State University, Fullerton for the 21st Annual Economic Forecast Conference on October 29 at Hotel Irvine as we address this issue and many others affecting the regional economy in 2015. The conference features keynote speaker Richard Davis, Chairman, President and CEO, US Bancorp, Dr. Anil Puri, Dean of the Mihaylo College of Business and Economics, CSUF, and Dr. Mira Farka, Center for Economic Analysis and Forecasting, CSUF. 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.
Date: Thursday, October 29, 2015 Registration: 11:00 a.m. Program: 11:30 a.m. (Please allow amble time for parking)
Adjourn: 1:30 p.m. Place: Hotel Irvine I 17900 Jamboree Rd. Irvine, CA
For more information, contact Sabra Ritter, Director of Events, at 949-794-7241
OCBC AROUND THE COMMUNITY
September 15, 2015 - Lucy Dunn, President and CEO, served as the keynote speaker for the Orange County Women Lawyers Association 40th Anniversary Gala. She congratulated the women lawyers in attendance and thanked OCWLA for meeting the needs of the community in charitable endeavors as well as supporting local law students studying for the bar exam. She spoke of her own story, as well as the importance for women to break down barriers in the workforce.
Please note that events in Political Corner are for informational purposes only and are not necessarily endorsed by OCBC.
Reception supporting Shari L. Freidenrich, CPA, Orange County Treasurer- Wednesday, October 21
Reception supporting Shari L. Freidenrich, CPA, Orange County Treasurer - Please join Manual Ramirez, CPA, and Honorable Rosario Marin, Former US Treasurer at the office of RJI CPAs at 18012 Sky Park Circle, Suite 200, Irvine, CA 92614 from 5 to 6:30 for a cocktail reception on Wednesday, October 21, 2015. CLICK HERE for invitation details and donation information.
Free Teen Driver Safety Fair - Saturday, October 10
Join Automobile Club of Southern California for the Free Teen Driver Safety Fair from 10 a.m. to 2 p.m. Saturday, October 10, 2015 at Oso Viejo Community Park. Motor vehicle crashes are the leading cause of death and injury for teens. Learn how many can be prevented. CLICK HERE
for more information.
Saddleback College's State of the College Breakfast - Thursday, September 24
Join Saddleback College for the Annual State of the College Breakfast hosted by Dr. Tod A Burnett, President, from 7:30 to 9 a.m. Thursday, September 24, 2015 at the Student Services Center. CLICK HERE
for more information.
22nd Annual Boys and Girls Club of Santa Ana Be Great Gala - Saturday, September 26
Save the date for a Boys and Girls Club of Santa Ana gala from 5:30 to 10 p.m. Saturday, September 26, 2015 at the Newport Beach Marriott Hotel. Congratulations to OCBC Treasurer Richard Porras, AT&T, who will be honored. CLICK HERE for more information.
3rd Annual Human Services Request for Proposals Training for Community Partners - Tuesday, September 2
9Join the County of Orange Social Services Agency for the 3rd Annual Human Services Request for Proposals Training for Community Partners for human services providers interested in learning more about competitive biddy through the use of the Request for Proposals solicitation method from 9 to 11 a.m. Tuesday, September 29, 2015 at 500 N. State College Blvd. Suite 100, Orange, CA. CLICK HERE for more information.
IRS Identity Theft Workshop - Tuesday, September 29
The IRS knows that tax-related identity theft is a frustrating process for victims and is committed to working with you. Know the warning signs, the steps to take if you become a victim, and how to reduce your risk. Join the City of Tustin and the Tustin Chamber of Commerce for two workshops beginning at 3 p.m. Tuesday, September 29, 2015 at the Tustin City Council Chambers. Registration is required, CLICK HERE
to learn more.
Towel Drive for Homeless Vets - present to Wednesday, September 30
Orange County Stand Down is accepting new and gently used towels and other personal necessities to be distributed the fourth weekend in October at the Orange County Stand Down Expo to homeless veterans. Please donate by September 30, 2015. For more information, contact Coastlines Veterans Resource Center at 714.241.6126 or CLICK HERE.
Pacific Symphony's 2015 Opening Night - Thursday, October 1
Join Pacific Symphony for the opening of The Hal and Jeanette Segerstrom Family Foundation Classical Series celebrating Pacific Symphony's brilliant musicians, led by Carl St. Clair at 5 p.m. Thursday, October 1, 2015 at the Plaza Ballroom at the Westin South Coast Plaza. CLICK HERE
for more information. NOTE: OCBC's own Lucy Dunn will join Pacific Chorale with the Symphony in a performance of Beethoven's Ninth Symphony! Don't miss this,
it will be running Oct. 1-3, 2015. CLICK HERE
27th Annual Clean Air Awards - Friday, October 2
Join the South Coast Air Quality Management District for the annual awards ceremony to honor those who have made outstanding clean air contributions to the health of our communities and the economy at 11:30 a.m. October 2, 2015 at the Millennium Biltmore Hotel. CLICK HERE
for more information.
Jamboree's 25th Anniversary Gala - Friday, October 9
Save the date and join Jamboree Housing for a celebration of the organization's legacy and a showcasing of what's in store for the future at 6 p.m. Friday, October 9, 2015 at Disney's Grand Californian Hotel & Spa in Anaheim. CLICK HERE for more information.
Pacific Symphony Premiere of Beyond Land and Ocean - Sunday, October 4
Witness the world premiere of the much anticipated Beyond Land and Ocean, a brand new piece of music inspired by and written for Orange County Sunday, October 4, 2015 at Renee and Henry Segerstrom Concert Hall. Join a free community celebration from 1 to 3 p.m. featuring music, art, dance and other community presentations that helped inspire Prangcharoen's composition. The concert will take place at 3 p.m. CLICK HERE for more information and free preview events details.
Irvine Valley College Golf Classic - Wednesday, October 14
Save the date for the Irvine Valley College Golf Classic at 10:30 a.m. Wednesday, October 14, 2015 at Oak Creek Golf Club in Irvine. Golfers support Irvine Valley College's championship golf teams and student scholarships. Players will receive18 holes of play, a golf cart, lunch, dinner, and a gift bag. CLICK HERE
for more information.
Looking for Volunteers! U.S. Energy Solar Decathlon at the Great Park - Oct. 8-18, 2015
Currently accepting volunteers to support the upcoming U.S. Department of Energy Solar Decathlon, which will be held Thursdays - Sundays, Oct. 8-18 at the Orange County Great Park in Irvine, California. Open to the public free of charge, the Solar Decathlon gives visitors the opportunity to tour solar-powered houses, gather ideas to use in their own homes, and learn how energy-saving features can help them save money today. Volunteers work alongside Solar Decathlon organizers serving as a greeter, docent, visitor liaison, education days mentors and more. CLICK HERE to register or find out more about volunteering. Discover Global Markets Business Forum Series - October 29-30
OC Forum 25th Anniversary Celebration - Thursday, October 15, 2015
Join the OC Forum for a 25th Anniversary Celebration honoring those who have inspired the success of the forum's mission and the success of Orange County! Event is held at 11:00 a.m. Thursday, October 15, 2015 at the Hilton Irvine. CLICK HERE for more information.
CSUF STEM and Career Expo - Tuesday, October 27
Join Cal State Fullerton's for the STEM Internship and Career Expo from 10 a.m. to 2 p.m. at the CSUF Titan Student Union Tuesday, October 27, 2015. Meet with and recruit CSUF students from the College of Natural Sciences and Mathematics and Engineering and Computer Science for jobs and internships. The College of Engineering and Computer Science (ECS) is one of two ABET accredited schools in Orange County and has over 4,400 students and the College of Natural Sciences and Mathematics (NSM) has over 2,900 students. CLICK HERE
for more information.
Become a sponsor today for the U.S. Commercial Service's Discover Global Markets Business Forum Series that takes place October 29 to 30, 2015 at Hilton Orange County in Costa Mesa. Get valuable exposure among U.S. exporters of products and services at an international business forum. CLICK HERE for more information.
Innovation in Environmental Stewardship Awards - Sunday, November 8
Join 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.
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.
UPCOMING OCBC COMMITTEE MEETINGS: SEPTEMBER/OCTOBER
Health Care Task Force
Tuesday, September 29, 2015 I 11:30 a.m. to 1:30 p.m.
Wednesday, September 30, 2015 I 9:00 a.m. to 10:30 a.m
Please note new date and time
Thursday, October 1, 2015 I 7:30 a.m. to 9:00 a.m.
Advocacy and Government Affairs
Friday, October 2, 2015 I 9:30 a.m. to 11:00 a.m.
Tuesday, October 13, 2015 I 7:30 a.m. to 9:00 a.m.
Cybersecurity Task Force
Friday, October 16, 2015 I 8:30 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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