The Leading Voice of Business in Orange County Tuesday, May 19, 2015
CONGRESS STALLING IN ACTION! LESS THAN 2 WEEKS TO REAUTHORIZE U.S. HIGHWAY TRUST FUND
Nearing the May 31 expiration, Congress is once again out of time to settle on the much needed multi-year MAP-21 extension -- legislation that funds the Highway Trust Fund. Today, the House will vote on a two-month extension, which is expected to pass with reluctant support as it is the only option short of letting the legislation expire over the Memorial Day recess. A date is not yet set for the Senate vote. Even with the two-month extension, the future is still unclear for the Highway Trust Fund, which is expected to be insolvent by July and remains vulnerable without a forward thinking plan. A shortfall will have major implications for California. In total, the lack of new obligations would imperil current year planned construction of $2 billion for 250 state-sponsored rehabilitation projects, about $700 million in capacity improvement projects, and billions more on local streets and roads. The U.S. Chamber of Commerce has advocated for a short-term extension till December, at the very least, which OCBC supports as a means to keep pressure on congress for a more long-term solution. While congressional action is required immediately, a multi-year solution that focuses on developing alternative funding sources is critical. This should include supplanting the falling gas tax revenues and converting free non-HOV interstate highway lanes into toll lanes to pay for highway reconstruction, as proposed by President Obama's infrastructure plan. For more information, contact Bryan Starr, Sr. Vice President, Government Affairs.
GOVERNOR'S MAY BUDGET LARGEST YET, BUT REMAINS COMMITTED TO EDUCATION, RAINY DAY FUND
OCBC commends Gov. Jerry Brown's commitment to prudent spending while California has experienced much higher-than-expected revenues for 2015. The projected $115 billion plan, devotes about $5.5 billion to K-12 schools and community colleges, with a proposed multi-year plan to solidify higher education finances.
The University of California and California State University will maintain tuition at current levels for two years, while increasing state funds to CSU to a total of $158 million, providing temporary funding to UC from budget debt repayment funds to offset UC's pension liability. The higher education segments will also work to ease transfers from community colleges and reduce time to successfully complete a degree, which OCBC strongly supports to increase graduation rates and lower education costs.
The Governor will also deposit $633 million of the recent windfall into the new rainy day reserve, and proposes to repay a total of nearly $2 billion in budget-related debt. Additionally, the Governor proposes a major increase in spending from the revenues derived from the state's cap-and-trade auction. The proposal includes $2.2 billion for spending on a variety of clean transportation, mass transit, energy efficiency and ecosystem restoration programs. CLICK HERE
to read the Governor's revised budget. For more information, contact Bryan Starr
, Sr. Vice President, Government Affairs.
OCBC, ACC-OC GO TO WASHINGTON DC! INTERNATIONAL TRADE AT TOP OF WHITE HOUSE PRIORITY LIST
OCBC and Association of California Cities - Orange County, just wrapped up its Annual Once Voice, Two Capitols Advocacy Trip to Washington, D.C., which took place yesterday and today. Many topics were up for discussion, including the status of the Federal Highway Trust Fund, the reauthorization of the Export-Import Bank, and the status of John Wayne Airport's Port of Entry application. After meeting with Representative Darrell Issa, Rep. Linda Sanchez and Rep. Loretta Sanchez, OCBC commends their support of HR 1051, which would designate JWA as a Port of Entry -- saving millions in added fees and greatly expanding trade opportunities for Orange County. Furthering the discussion on international trade, the White House Council of Economic Advisers identified Trade Promotion Authority as one of the most critical issues to tackle this year, which the President has said is just as important as passing the Affordable Care Act. OCBC supports this effort as it will open new markets for Orange County exporters and help build on the current strength of the region's trade industry. CLICK HERE to read more. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
THOUSANDS OF OC TRADE JOBS AT RISK WITHOUT EX-IM BANK RE-AUTHORIZATION
The future of the U.S. Export-Import Bank is in jeopardy once again as the June expiration nears and members of Congress on the far right continue to threaten to abolish the bank altogether. Terminating the bank would be a huge loss for the U.S. trade economy as it is one of the most important tools for U.S. companies seeking to increase exports and grow jobs. Ex-Im helps level the playing field for U.S. companies competing with dozens of countries around the world with equivalent financing organizations providing favorable lending terms. Opponents claim the bank puts taxpayer dollars at risk and unnecessarily intrudes into the private market. While in fact, Ex-Im maintains conservative lending policies that have actually enabled the bank to pay taxpayers. In 2014, Ex-Im returned $675 million to the treasury, facilitated $27.5 billion in exports, and supported over 164,000 U.S. jobs -- primarily benefiting small and mid-sized businesses that account for 85 percent of the bank's transactions. Orange County stands to be hard hit by the bank's elimination as international trade is a main economic driver of its economy, accounting for more than 165,000 jobs. Over the last five years, 130 Orange County companies have utilized the services of the Ex-Im Bank, supporting the export of over $3 billion in goods and services and thousands of jobs. OCBC's Lucy Dunn spoke at a joint meeting with The Boeing Company and Huntington Beach Chamber of Commerce event last week, advocating to more than one hundred business leaders the bank's importance to the region. OCBC urges Congress to reauthorize the Ex-Im bank -- a multi-year extension is imperative for U.S. businesses to remain competitive in the global market. For more information, contact Matt Petteruto, Vice President, Economic Development.
OCBC CHAIR LAURA DESOTO HELPS WELCOME NEW FLIGHT ROUTES AT JWA
Last week, Southwest Airlines announced new nonstop service from John Wayne Airport (JWA) to St. Louis and Kansas City, Missouri. Service to Kansas City (MCI) and St. Louis (STL), Missouri, will begin on November 22, 2015. OCBC's Chair Laura DeSoto of Experian joined Todd Spitzer, Chairman, Orange County Board of Supervisors; and Dave Harvey, Southwest Airlines' Senior Director of Network Planning and Performance; at the event to represent the business community's support of expanding the airport's reach and service. "Southwest's new nonstop flights to Kansas City and St Louis complement the breadth of service to key destinations that the Orange County community has asked for. The Orange County business and tourism industries will certainly benefit from improving the connectivity between our economies," said DeSoto. With these additions, JWA travelers will have more nonstop flight options than ever. The airport serves more than nine million passengers annually and reaches more than 20 nonstop destinations in the United States, Canada and Mexico -- beginning in November, Southwest will have 66 daily nonstop flights to 18 destinations from the airport. For more information, contact Matt Petteruto, Vice President, Economic Development.
WELCOME NEW OCBC BOARD MEMBER LORI LYONS-WILLIAMS OF ALLERGAN!
OCBC is happy to welcome Lori Lyons-Williams of Allergan to the Board of Directors. Lyons-Williams is
Vice President, Sales and Marketing, at Allergan where she leads a team of 115 commercial employees as head of the U.S. Urology organization. She has held varying roles of leadership throughout her more than 13 year career at Allergan, and is a recognized as a member of The International Women's Leadership Association. Additionally, OCBC welcomes current Board Member Rick Nogueria of Chase to serve as Co-Chair of the Economic Development Committee. Nogueria has been an active member in OCBC's economic development initiatives and served on the Turning Red Tape Into Red Carpet Awards Committee for the past three years, he will surely bring a wealth of knowledge to the robust committee and OCBC's future development goals. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
DOES YOUR BUSINESS HAVE A PLAN IN THE EVENT OF A CYBERATTACK? FREE WEBINAR - JUNE 1
As part of OCBC's 2015 "Secure the Future" initiative focusing on the business community and cybersecurity, OCBC presents a webinar series in conjunction with Microsoft Community Connections. The next webinar, "Cyber Security: Incident Planning & Response," will take place from 3 p.m. to 4 p.m. on Monday, June 1, 2015. Learn from leading experts in the field of cybersecurity about the different types of cybersecurity breaches, what to do to plan for a breach, and what steps to consider once you have discovered a breech. CLICK HEREto register today! For more information, contact Matt Petteruto, Vice President, Economic Development.
LEA CELEBRATES 11 YEARS OF SUCCESS WITH MORE THAN 150 PARENTS AND COMMUNITY LEADERS
Parents, students, and community leaders from business and academia joined OCBC Thursday at the seventh annual Latino Educational Attainment (LEA) Reception to celebrate the initiative's eleventh year of success. LEA is a grassroots, community-based program that trains parents on how to guide their children through the education system and become college and career ready - preparing Orange County's workforce for a global, 21st century economy. Parents shared testimonials on the program and the efficacy of its 10 Educational Commandments for parents. With the training, parents learned how to calculate a GPA, how to monitor their children's grades and to generally support their children's education. Students shared their stories on how parents' support has encouraged them to go onto college and ultimately become members of the skilled workforce in Orange County. Thank you to sponsors AT&T,The Boeing Company, Chevron, Southern California Edison, and Wells Fargo. CLICK HERE for more photos. CLICK HERE for media coverage from Unidos (Spanish article). CLICK HERE to learn more about the LEA program. For more information, contact Alicia Berhow, Vice President, Workforce Development and Advocacy.
SOUTHERN CALIFORNIA EDISON'S BIG CREEK 'HARDEST WORKING WATER IN THE WORLD'
It's been said that nature never intended Southern California to be anything but desert. Nevertheless, settlers turned it into farms, factories and living areas for millions of people. The key to the region's success lay 300 miles north in the High Sierra, where what is now known as Southern California Edison Company created one of the greatest water power developments in the world called The Big Creek Hydroelectric Project. OCBC's Patty Conover, Communications Specialist, participated in an educational tour of the facility. An impressive feat of engineering built in the early 1900s, the water of the upper San Joaquin River system has been dubbed "The Hardest Working Water in the World." A system of dams, underground tunnels, and pumps repurpose the water over and over through nine different powerhouses - generating over 90 percent of SCE's hydroelectric capacity, and 12 percent of the state's hydroelectric capacity. The facility also has six major reservoirs, providing a capacity of 560,000 acre feet of much-needed storage during California's dry years. As California is in the midst of a severe four-year drought, SCE limited its operations to just one of its eight powerhouses, focusing on conserving water for the Central Valley and the predicted dry months ahead. For more information, contact Patty Conover, Communications Specialist.
OCBC WELCOME NEW INVESTORS: DMI DIRECT, GALLADE CHEMICAL, LANGAN TREADWELL ROLLO
OCBC is proud to welcome three new investors, DMI DIRECT,Gallade Chemical , and Langan Treadwell Rollo. DMI DIRECT is the total resource for strategic communications delivered with precision and clarity across a full array of media options, including brand identity, message development, online presence, advocacy and more. As a national organization, with offices in Washington DC and California, DMI's award winning work has been recognized for its creativity and impact. Since 1964, Gallade Chemical has to thousands of customers, with distribution covering California and the entire U.S. Gallade Chemical is an authorized distributor for 3M, JT Baker, Mallinckrodt, EMD Chemicals, Sigma-Aldrich, MacDermid, Tolber and Spectrum Chemical. Treadwell & Rollo, a Langan Company, is a certified Bay Area Green Business, providing environmental, geotechnical, site/civil and earthquake engineering services from offices in San Francisco, Oakland, Sacramento, and San Jose. Treadwell & Rollo provides practical and cost-effective solutions for the problems and challenges faced by clients, which can include traffic and Transportation, Surveying and 3D Scanning/BIM, Data Management and Visualization, Landscape Architecture and Planning, Natural Resources and Permitting, and Sustainable Design. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.been providing just-in-time delivery of chemicals
What if your company could hire the best candidates, connect with the community in new ways, and draw customers because of its excellent reputation -- without spending a penny on marketing? These are the benefits of participating in the Orange County Register's Top Workplaces awards. Every year, the Register honors 100 local companies with a published list and gala ceremony. Now in its seventh year, it's the most respected and popular source for ranking workplace quality in Orange County. CLICK HERE to learn more, or attend the Rise & Learn event Thursday, June 4, 2015 at the Register headquarters.
GET OUT ON THE GREEN WITH OCBC AT THE ANNUAL EXECUTIVE GOLF TOURNAMENT - JULY 30
Join OCBC and top executives from Orange County's leading businesses at the 2015 Executive Invitational Golf Tournament, presented by Kaiser Permanente. Enjoy a day on the green networking with top executives from Orange County's leading companies. Check in is at 11:00 a.m., along with a variety of contests and lunch. The tournament will officially kick-off at 12:30 p.m. with a shotgun start, followed by a reception and awards dinner at 5:30 p.m.
DATE: Thursday, July 30, 2015 CHECK-IN: 11:00 p.m. SHOTGUN START: 12:30 p.m.
RECEPTION AND AWARDS DINNER: 5:30 p.m. PLACE: Oak Creek Golf Club I 1 Golf Club Dr., Irvine, 92648
For more information, contact Sabra Benes, Events Manager at 949-794-7241.
POLITICAL CORNER - UPCOMING EVENTS
Updates on political events are for information purposes only and do not indicate OCBC support or endorsement.
SOAR PAC Fundraiser - Wednesday, May 20, 2015
The Annual Celebrity Sommelier Event will include NFL Quarterback and former Ram, Vince Ferragamo, OC Supervisor Shawn Nelson and Gypsy Den Owner and Rocker Ryan Shuck! There will also be a live auction with dinner for six at the Private Chef's Kitchen at the Hilton Anaheim, Disneyland Gift Basket and a surprise from Winemaker Vince Ferragamo. Join S.O.A.R P.A.C. Wednesday, May 20 at 902 W. Broadway, Anaheim. CLICK HERE to for more information.
OC Forum Luncheon - Historical Reverberations - Thursday, May 21
Join OC Forum for Historical Reverberations: Little Saigon's big contributions to Orange County at 11:30 a.m. Thursday, May 21, 2015 at Hilton Irvine. The program will feature guest speakers Dr. Allison Varzally, CSU Fullerton; Dr. Thuy Vo Dang, UC Irvine; Dr. Tu-Uyen Nguyen, CSU Fullerton; and Tom Berg, Orange County Register, who will serve as the moderator. 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 efficiency 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. CLICK HERE for more information.
Coastal Synposium 15 Workshop - May 26-28, 2015
The issues of sea level rise and climate change and have emerged so quickly that the practice of how to respond to them can cause confusion about what is required, what solutions will work, and how to fund or implement studies and new practices. This symposium is designed to hear from the experts and then work together through the information with attendees in real time to inform the next phase of response. Join representatives from coastal communities, practitioners, consultants, scientists, and modelers in San Diego, to discuss the overall process and discuss the opportunities, constraints and best strategies for coastal communities. CLICK HERE to learn more.
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
Cyber Security Task Force Meeting
Friday, May 29, 2015 I 8:30 a.m. - 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 2014 check out OCBC's Committees. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
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