The Leading Voice of Business in Orange County Tuesday, April 21, 2015
OCTA NEGOTIATES LOCAL CONTROL GUARANTEE WITH CALTRANS ON I-405 IMPROVEMENT PROJECT
Over the last several weeks, an ad hoc committee of the Orange County Transportation Authority Board appointed by Chairman Jeffery Lalloway has engaged in strenuous negotiations with state transportation officials on the future of the Interstate 405 (I-405) Improvement Project. In a positive step forward, OCTA and Caltrans have negotiated project terms and conditions, a design-build cooperative agreement, and next steps for the I-405 project. The OCTA Committee, made up of OCTA policy committee chairs, worked diligently to advocate favorable terms that emphasize local control of the State's largest highway project. For their part, Caltrans and the California Transportation Agency worked equally hard to ensure a positive outcome, balancing State interests with those of the local agency. The outcome of these negotiations include local control for project financing, project delivery, operation of managed lanes, managed lane policy, and a partnership agreement for excess managed lane revenues to be expended locally within the I-405 corridor.
Other outcomes of the negotiation reflect most of the policy principles that OCBC laid out as the business community's goals for the I-405 project. Those principles include allowing managed carpool lanes to remain free for double occupant vehicles, while allowing single drivers to pay a fee for access; Local control of project delivery; Local control of managed lane operation; local expenditure of excess toll revenues; One single project instead of two stand-alone construction phases. Yesterday, the OCTA Regional Planning and Highways Committee voted unanimously to recommend this agreement to the full OCTA Board of Directors. OCBC applauds the great leadership of both OCTA and Caltrans and urges OCTA's Board to formally approve the agreement next Monday. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
30 HOURS TO GIVE WHERE YOU LIVE: IHEARTOC BEGINS NOW!
TODAY IS i♥oc GIVING DAY! i♥oc is Orange County's first-ever county-wide day of giving! Powered by the Orange County Community Foundation, our goal is to raise $2 million for OC nonprofits in just 30 hours. With 347 participating nonprofits, you are sure to find one (or more) that matches your passion. Every dollar donated from 6 a.m. April 21 to noon April 22 will generate additional bonus funds provided by the Community Foundation and our generous i♥oc sponsors. DONATE NOW HERE!
OCBC CO-SPONSORS AB 288; ACT SAVES STATE AND STUDENTS TIME, MONEY
AB 288 (Holden): the College and Career Access Pathways Act, is an important vehicle for enacting policy changes that will make it easier for students from all backgrounds to have early access to college preparation. Currently, there are numerous restrictions limiting the access of high school students from taking college courses, a strategy known as concurrent enrollment. AB 288 would allow for uniquely customized enrollments plans that cater to the needs of local student populations and are designed to fill projected labor market demands. The act also reduces the fiscal penalties and policy barriers that discourage the development of concurrent enrollment partnerships, saving community college students and the state time, money, and scarce educational resources. CLICK HERE to read a recent letter of support from OCBC to The Honorable Jose Medina, Chair, Assembly Higher Educational Committee. For more information, contact Alicia Berhow, Vice President, Workforce Development.
OCBC SUPPORTS BIPARTISAN TRADE PROMOTION AUTHORITY LEGISLATION
Addressing one of the most critical international trade issues before Congress this year, senators Orrin Hatch (R) and Ron Wyden (D), along with Representative Paul Ryan (R) introduced the Bipartisan Congressional Trade Priorities and Accountability Act of 2015. This important piece of legislation would pave the way for the passage of Trade Promotion Authority (TPA), which shapes the principal goals the United States wants to accomplish in international trade negotiations with other countries. TPA allows the President to submit a bill implementing a foreign trade agreement to Congress for an up-or-down vote within a set period of time, without amendments. TPA involves extensive consultations that are designed to improve Congressional input and oversight of trade negotiations and negotiating objectives that reflect core Congressional trade priorities. Pending and future U.S. trade agreements offer the opportunity to further increase Orange County exports, increase the number of well-paying jobs, and will help build on the current strength of our county's international trade industry. CLICK HERE for additional information on TPA. CLICK HERE for more information on the growing role of international trade in the Orange County economy. For more information, contact Matt Petteruto, Vice President, Economic Development.
OC REGAINS ALL JOBS LOST IN GREAT RECESSION; EXECS OPTIMISTIC ABOUT ECONOMIC GROWTH
For the first time since the recession, 50 percent Orange County executives think that California's economic growth will be faster than that of the U.S. economy, according to the CSU Fullerton Orange County Business Expectations Survey, OCBX Index, which is a measure of an overall view of the economy from the perspective of Orange County executives. The survey mirrors news of a decreasing unemployment rate, which dipped in March to 4.4 percent with employers adding 9,800 jobs. The recent surge means Orange County finally regained all the jobs it lost during the recession, with nearly all sectors adding jobs. The OCBX index for the second quarter of 2015 improved to 92, compared to 91.5 in the first quarter - a reading above 50 indicates future growth in the economy. The survey results also indicate that 72.9 percent of respondents (64.6 percent in the previous quarter) expect significant or some growth in their own industry. California unemployment is at 6.5 percent, and the nation's is at 5.5 percent. For more information, contact Matt Petteruto, Vice President, Economic Development.
|OCBC SUPPORTS BAY DELTA CONSERVATION PLAN, RESERVOIR PROJECTS|
The Department of Water Resources calculated that over 400,000 acre-feet of surplus flows could have been diverted just this year to a new North-of-the-Delta (NOD) reservoir, said Randall Neudeck, Project Manager, Metropolitan Water District. Neudeck presented to OCBC's Infrastructure Committee Tuesday and discussed some of the findings from the Department of Water Resources' research. Based on historic droughts (1929-34, 1976-77, and 1987-92), upwards of 900,000 acre-feet per year could be captured during dry years, which is 27 percent more than what is captured by the current four existing reservoirs. With the passage of the OCBC-supported Bay Delta Conservation Plan (BDCP), some of that surplus water flow could have been captured by northern Delta water intakes. Currently, there is an annual surplus outflow of 6.8 million acre-feet of water from the Delta. With the BDCP proposed intakes and a new North-of-the Delta reservoir, the issue of drought could have been eliminated from just the last three storms, Neudeck said. CLICK HERE for a video on the BDCP. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
PORT OF LONG BEACH SEES BUSIEST MARCH EVER
The Port of Long Beach experienced the busiest March in the Port's history with a 32 percent increase from the same month last year. A total of 630,084 TEUs (twenty-foot equivalent units) were moved through the Port. Imports were recorded at 317,520 TEUs, a 42.1 percent increase from last year. However, exports decreased 17.3 percent. The March numbers increased after terminal operators and dockworkers agreed to a tentative contract settlement at the end of February. At the same time, a new system to pool the chassis that truckers use to haul cargo was launched to ease equipment shortages. With an ongoing $4 billion program to modernize its facilities, the Port of Long Beach continues to invest in long-term solutions. CLICK HERE for all the latest monthly cargo numbers. For more information, contact Matt Petteruto, Vice President, Economic Development.
ATKINS AND CHIU: STATE NEEDS TO HELP PROVIDE AFFORDABLE HOUSING
The following article appears as it was written by Assembly Speaker Toni Atkins and Assemblymember David Chiu for the San Francisco Chronicle on April 14, 2015.
San Francisco stands out as a unique and diverse metropolis. Its housing-affordability crisis, however, is not unique in the Golden State. While San Francisco is well known to be California's most expensive city, Realtor.com recently declared San Diego to be the least-affordable California city when residents' incomes are factored in. Thus, when it comes to solutions, San Francisco cannot and need not go it alone. That's why we've introduced a housing bill, AB35, a legislative package to spur affordable-home development, create jobs and maintain the vitality of San Francisco, San Diego and, indeed, our entire state.
California's shortfall of 1.5 million affordable rental housing units impedes our state's economic growth. When housing costs are accounted for, the proportion of people unable to meet their basic needs - food, shelter, transportation - rises from 16 percent to 23 percent, the highest rate of poverty in the nation.
WAY TO GO JOE!
As part of US Bank Day at Angels Stadium on Sunday, April 12, 2015, Joe Hensley, OC Market President for U.S. Bank and member of OCBC's Board of Directors, threw out the first pitch against the Kansas City Royals. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
CELEBRATE 11 YEARS OF LATINO EDUCATIONAL ATTAINMENT - THURSDAY, MAY 7
Join OCBC for the 7th Annual Latino Educational Attainment (LEA) Reception. The LEA Initiative is dedicated to empowering a key partner in the success of Latino students -- their parents. Thank you to event sponsors AT&T, The Boeing Company, Chevron, Southern California Edison, and Wells Fargo. The event will also highlight the release of the new edition of the 10 Educational Commandments, as well as provide an update on an on-going longitudinal study on the LEA Initiative. RSVP by Friday, May 1, 2015. Sponsorship opportunities available.
DATE: Thursday, May 7, 2015 WHEN: 5:30 p.m. Registration I 6:00 p.m. Program I 7:30 p.m. Adjourn
PLACE: Discovery Science Center I 2500 North Main Street, Santa Ana, CA 92705
For more information, contact Sabra Benes, Events Manager at 949-794-7241.
BECOME A SPONSOR FOR BIZPAC'S 2015 NETWORKING LUNCHEON - FRIDAY, MAY 1
Join Orange County Business Council's political action committee, BIZPAC, in honoring Orange County's distinguished legislative delegation at the the 2015 Networking Luncheon. Business and community leaders will gather to celebrate the achievements of Travis Allen (AD 72), Pat Bates (SD 36), William Brough (AD 73), Ling Ling Chang (AD 55), Tom Daly (AD 69), Matthew Harper (AD 74), Bob Huff (SD 29), Young Kim (AD 65), Tony Mendoza (SD 32), John Moorlach (SD 37), Janet Nguyen (SD 34), and Donald Wagner (AD 68), who are all invited to attend. For more info, contact Sabra Benes, Events Manager, at 949.794.7241.
DATE: Friday, May 1, 2015 I WHEN: 11:00 Registration I 11:30 a.m. Program I 1:00 Adjourn
PLACE: Disneyland Hotel, Sleeping Beauty Pavilion I 1150 West Magic Way, Anaheim, CA 92802
SPONSORSHIPS: $1,000 I $2,500 I $5,000 I $10,000 I $15,000
PLEASE NOTE: Due to limited seating, no individual tickets are sold for this event. Only sponsors will receive admission.
OCBC AROUND THE COMMUNITY
Wednesday, April 8, 2015 - Lucy Dunn, President and CEO, spoke of the importance of housing affordable to the workforce at National Community Renaissance's groundbreaking ceremony for Oakcrest Terrace, a 69-unit apartment community combining affordability, livability, and sustainability.
Thursday, April 16, 2015 - Lucy Dunn, President and CEO, attended the 25th Annual Caltrans Workers Memorial in her role as Chair of the California Transportation Commission. Assemblyman Jim Frazier, Chair of Transportation, gave a tribute to Caltrans workers, as well as remembering the daughter he lost 14 years ago, beginning his political career. The observance highlighted the importance of safety awareness for employees in work zones, as well as motoring public, and honored the 183 employees who lost their lives while on the job.
Water Supply Summit - Friday, April 24
Join South Orange County Economic Coalition for a Water Supply Summit from 7:30 to 9:00 a.m. Friday, April 24, 2015 at the Santa Margarita Water District Board Room. Admission is complimentary. CLICK HERE to RSVP.
Southern California 2015 Logistics and Supply Chain Summit - Thursday, April 23
Join the Inland Empire Economic Partnership for the SoCal 2015 Logistics and Supply Chain Summit, sponsored by UPS, from 8 a.m. to 4:30 p.m. on Thursday, April 23, 2015 in Los Angeles to hear a full agenda of distinguished speakers address the entire Southern California network of logistics and supply chain interconnectivity within Los Angeles, Orange County, San Diego and the Inland Empire. Current cost is $150, but you can still purchase a ticket for $99 using the event code OCBC2015. CLICK HERE for more event information and to register.
Orange County Crime Victims' Monument Groundbreaking - Saturday, April 25
The Honorable Todd Spitzer, Chairman, Orange County Board of Supervisors and OC Parks invite you to a tribute to all crime victims as part of a commemoration of National Crime Victims' Rights Week. The event will take place at 8 a.m. Saturday, April 25, 2015 at Mason Regional Park. For more information, please contact Carrie O'Malley at 714.834.3330 or email@example.com.
Eleventh Annual Pulse of the Ports: Peak Season Forecast - Wednesday, April 29
Join the Port of Long Beach for the 2015 Pulse of the Ports - Peak Season Forecast from 7:00 to 10:00 a.m. Wednesday, April 29, 2015 at the Pacific Ballroom at the Long Beach Conference Center. There will be a complimentary breakfast and free parking. CLICK HERE to register.
ACEC-OC Luncheon - Wednesday, April 29
Join the American Council of Engineering Companies (ACEC) Orange County Chapter for their monthly luncheon from 11:30 a.m. to 1:30 p.m. at Radisson Hotel. The luncheon will feature an economic update from Matt Petteruto, Vice President, Economic Development. CLICK HERE to register.
Living and Working in the U.S.: Immigration, Financial and Tax Perspectives - Thursday, April 30
Join California German American Business Association at the Microsoft Technology Center in Orange County to hear, meet, quiz and find solutions from a panel of experts on immigration law, banking and tax strategies for your stay in the United States from 6 to 9 p.m. Thursday, April 30, 2015. CLICK HERE for more information.
Monetary Policy and Financial Markets Conference - Friday, May 1
Join the Argyros School of Business and Economics for a conference on "Monetary Policy in Financial Markets; Is there a New Paradigm?" from 8:30 a.m. to 5:30 p.m. on Friday, May 1 at the Sandhu Conference Center at Chapman University. CLICK HERE to register.
15th Annual a Gathering of Friends - Saturday, May 2
The Alzheimer's Family Services Center invites you to join the 15 Annual Gathering of Friends at 6 p.m. Saturday, May 2, 2015 at The Waterfront Beach Resort in Huntington Beach. Attendees will hear a heartwarming story of one of the center's participants and honor the Archstone Foundation. Sponsorship, underwriting and auction opportunities are available. For more information, contact Lucy Takahashi, Director of Development, at firstname.lastname@example.org.
Apply for the Measure M Oversight Committee - Monday, May 4
The Orange County Transportation Authority (OCTA) is seeking qualified volunteers to serve on the Measure M Taxpayer Oversight Committee (TOC). The 11-member committee monitors OCTA's use of Measure M funds and ensures that all revenue collected from both Measure M1 and the Renewed Measure M2 is spent on voter-approved transportation projects. The independent committee was formed after the passage in 1990 of Measure M, which is a half-cent sales tax to fund transportation improvements in Orange County. CLICK HERE for more information and to apply by Monday, May 4, 2015.
A Vision for Growth in Orange County - Tuesday, May 5
Join The Network Jewish Federation & Family Services Orange County at 6 p.m. Tuesday, May 5, 2015 at The Pacific Club. Speakers at the event include Chancellor Howard Gillman, UCI; Joseph Walker, Vice Chairman of Investment Banking, J.P. Morgan; and Stephen Gordon, Chairman, CEO & President, Opus Bank. The Network is a networking group for and executives and business leaders, providing a platform for building relationships, fostering leadership opportunities and engaging with peers. CLICK HERE for more information about the speakers and the event.
OC Human Relations' AWARDS 44 - Thursday, May 7
Celebrate Orange County's unsung heroes at OC Human Relations' AWARDS 44 from 5:30 to 9:15 p.m. at City National Grove in Anaheim. It is an inspiring celebration that brings together hundreds of local, diverse community and business leaders to honor outstanding human relations efforts of seldom-recognized individuals, model community policing programs, exemplary school programs and outstanding businesses that create safe and inclusive environments for Orange County's students and residents. CLICK HERE to be part of helping to make Orange County a better place for ALL people to live, work, go to school and do business.
Leadercast "The Brave Ones" - Friday, May 8
Join UPS for the Leadercast event "The Brave Ones" from 7 a.m. to 3:30 p.m. Friday, May 8 at USC's Heritage Hall in Los Angeles. Join a community inspired by those who demonstrate bravery and leave equipped to take on your next leadership challenge. CLICK HERE for more information.
The First Tee of Orange County 4th Annual Golf Tournament - Wednesday, May 13
Join the First Tee of Orange County for the San Juan Hills Men and Women's Golf Association Fundraiser at 7 a.m. Wednesday, May 13, 2015. The event benefits The First Tee, which is a kids sports program providing character building and life-skills lessons through the game of golf. CLICK HERE for more information.
Grand Opening of the UCI Libraries Orange County and Southeast Asian Archive (OC & SEAA) Center - Wednesday, May 13
Join UCI for a celebration that will include a ribbon cutting, tour of the new OC & SEAA Center, exhibit viewings and performances by UCI students on from 5:30 to 7:30 p.m. on Wednesday, May 13, 2015. CLICK HERE for more information.
Veteran Business Network Dinner - Thursday, May 14
Join the Veteran Business Network of OC/Greater LA from 6:30 p.m. to 9:30 p.m. for a networking event and dinner at Irvine Marriot. This is the first of what will be quarterly events to bring together some of the area's most successful veteran business leaders. CLICK HERE to register.
Annual OC Water Summit - Friday, May 15
Rain today, gone tomorrow? Join the Municipal Water District of Orange County for the 8th Annual OC Water Summit from 7:30 a.m. to 1:30 p.m. Friday, May 15, 2015 at Disney's Grand Californian Hotel to learn more about how to set imagination, innovation and investment in motion to keep water flowing in California. CLICK HERE for more information.
Port's Free Global Market Opportunities Workshop - Wednesday, May 27
The Port of Long Beach and UPS present a workshop on leveraging global market opportunities and supply chain efficiencies to grow your business on Wednesday, May 27, 2015 from 8 a.m. to 11:30 a.m. at the Grammy Museum in Los Angeles. More information coming soon.
Enter Nominations for 27th Annual Clean Air Awards - Wednesday, July 1
For over a quarter of a century, the South Coast Air Quality Management District has annually honored Clean Air Heroes. Submit an entry form for a person, business, organization or municipality that have helped improve the air quality throughout the region by Wednesday, July 1, 2015. An awards reception will take place Friday, October 2, 2015. CLICK HERE for more information.
UPCOMING OCBC COMMITTEE MEETINGS: MAY
Advocacy and Government Affairs Committee (POSTPONED IN DEFERENCE TO THE BIZPAC LUNCHEON)
Friday, May 1, 2015
Workforce Development Committee (POSTPONED IN DEFERENCE TO THE D.C. ADVOCACY TRIP)
Wednesday, May 13, 2015
Tuesday, May 12, 2015 I 7:30 a.m. to 9:00 a.m.
Health Care Task Force
Friday, May 15, 2015 I Time and location are TBD
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.
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