The Leading Voice of Business in Orange County                                                                                   Tuesday, May 16 , 2017
BREAKING NEWS: CYBERATTACKS MEAN THIS WEEK CANNOT BE BUSINESS AS USUAL
As information unfolds about WannaCry ransomware cyberattacks, affecting upwards of 200,000 computers in more than 150 countries, OCBC's cybersecurity consultant Brian Leach, Blue Water Consultanting, shares advice on how to keep your business's information safe. Currently the name of the attachment loaded with ransomware is nm.pdf.  The name could change at any time.  NO attachment or link is safe to open right now. Some tips for this week: Do not open any attachments or links from anyone until verifying first by phone or in person that the individual did in fact send you an attachment, even if you expect an email from that person; Do not open direct links from sites who send you newsletters.  Instead, go to that site manually in your browser and view the article directly; Do not launch your browser from a link in your email! This is especially dangerous for emails from LinkedIn, Facebook, Dropbox, Google Docs/Drive, OneDrive, iCloud Drive, Amazon Drive, etc.; Do not check your personal email from business computers; When searching the Internet, be vigilant regarding links. Do not pick the first link blindly; Do not download document/spreadsheet templates, images or sound files from free websites. For more information, contact Jocelin Jimenez, Economic Development Specialist. 
OC COMMUNITY INDICATORS RELEASED AT OC FORUM, HOUSING DOMINATES CONVERSATION
OC Forum hosted the Community Indicators Report Luncheon Thursday, moderated by Samantha Gowen, Business Editor of the Orange County Register. Featured panelists included OCBC's Lucy Dunn, President and CEO; Steven PonTell, President, La Jolla Institute;  and Randy Barth, Founder and CEO, THINK Together. Housing for middle-skill, middle-class, and millennial residents in Orange County dominated the conversation. According to the report, Orange County is losing millennials at the second fastest rate in the country. Orange County has a 3 percent unemployment rate, however, it takes a wage of $27.62 an hour to afford a one bedroom apartment in Orange County,  forcing middle-skill workers to work longer hours, leaving less attention to be given to children, education and health or to relocate to find affordable homes. Mental health and education also took center stage as the report outlines 48 percent of children are not ready for kindergarten, Mental health and education also took center stage the report outlines 46 percent of Orange County's students speak an additional language to English - however 48 percent of children are still not considered ready for kindergarten - leaving a disconnect between their skills and education.  Panelists stressed that health, housing and education are all interconnected and the different industry professionals must work together in order to bring about local change within housing and education. For more information, contact Patty Conover, Director of Communications. CLICK HERE to read the report. CLICK HERE for an article from OC Register. For more information, contact Patty Conover, Director of Communications.
OCBC COMMENDS GOV. BROWN'S PRIORITIES ON CALTRANS OVERSIGHT, EDUCATION IN MAY REVISE
Last Thursday, Gov. Brown released the May Revision of the California budget, which reduced the forecasted $5.8 billion revenue shortfall in January to $3.3 billion -primarily based on higher capital gains. Nevertheless, this continues to mark the most constrained budget since 2012 with many cuts from the January budget remaining. In this May Revision, OCBC commends the Governor's priority to increase oversight of Caltrans - which was a direct response to the passage of SB 1 and an important contingency for OCBC's endorsement of the bill. SB 1 was a major transportation funding package that returned the gas tax's purchasing power to 1994 levels and provides $54 billion in new funding over the next decade. The proposed budget now reflects the first $2.8 billion of new funding to focus on "fix-it-first" investments to repair neighborhood roads and state highways; investments in trade and commute corridors to support continued economic growth and implement sustainable freight strategies; match locally generated funds for high-priority transportation projects; and invest in passenger rail and public transit modernization and improvement. OCBC also commends Gov. Brown prioritizing implementation of the Local Control Funding Formula to 97 percent completion, as well as the budget priorities to increase contributions to the state's Rainy Day Fund. CLICK HERE to read more about the May Revision. FOr more information, Bryan Starr, Sr. Vice President, Government Affairs.
2016 ANNUAL TOURISM REPORT SHOWS OC HIT RECORD NUMBER OF VISITORS
On  May 10,  Jay Burress, Orange County Visitors Association (OCVA) board chairman and Visit Anaheim president and CEO, announced that Orange County's tourism industry set a new record for visitor volume for the third straight year. An estimated 48.2 million people visited the county in 2016, a nearly 2 percent increase from the previous year and an increase of more than 11 percent over the past five years. Visitor  spending reached $12.1 billion dollars, reflecting a 6.8 percent increase over 2015 travel related spending. Generating 164,000, tourism is the number one job generator in Orange County, employing more people than any other local industry. For a copy of the report, CLICK HERE. For more information, contact Jocelin Jimenez, Economic Development Specialist.
CA BUSINESS ROUNDTABLE STUDIES NEGATIVE IMPACTS OF PREVAILING WAGE
The California Business Roundtable released a major study on the potential detrimental social and economic impacts of implementing mandated prevailing wage on privately funded residential construction projects. Drawing on a series of public, academic and construction industry sources and based on 2016 data, requiring builders to pay government-determined prevailing wage rates would raise the median price of a new home from $42,900 to $79,000; result in 372,700 fewer construction jobs; dramatically increase the number of Californians living in poverty by another 481,000; reduce the GDP budget by $34.2 billion; reduce revenue to state and local governments $16.2 billion; and result in longer commute times by driving Californians out of job centers. CLICK HERE for more on the report. For more information, contact Patty Conover, Communications Director. 
STAY CONNECTED WITH TCA AS THE AGENCY ENHANCES REGIONAL MOBILITY WITH 241/91 CONNECTOR 
The Transportation Corridor Agencies (TCA), in partnership with Caltrans, anticipates finalizing the environmental documents in late 2017 on the 241/91 Express Connector, reviewing comments as part of the environmental process. TCA also leads the design effort for this proposed connector, adding a direct, tolled median-to-median connector between the 241 Toll Road and the new 91 Express Lanes in Riverside County. This is a critical component to enhancing the region's mobility, especially as an increasing number of Orange County's workforce commutes from the Riverside area. Design is expected to be finalized in mid-2018, and if approved, construction could begin in late 2018 and take about two years to complete. Your feedback is important to TCA as the agency continues project development. CLICK HERE for more info. For more information, contact Bryan Starr, Sr. Vice President, Government Affairs. 
TCA RECEIVES OUTSTANDING ACHIEVEMENT IN SUSTAINABILITY AWARD, RECOGNIZES LUCY DUNN
The TCA Foothill-South Settlement Agreement, which cleared the way for a solution to improve mobility in South Orange County and the Southern California region - won top honors from the Southern California Association of Governments (SCAG) at the 2017 Sustainability Awards.  Recognized for 2017's Outstanding Achievement in Sustainability, the landmark agreement follows a 20-year effort by TCA to gain approval for the southern extension of the 241 Toll Road, clearing the path for a new process and allowing TCA to consider a number of transportation ideas including options connecting the 241 Toll Road to Interstate 5, while also protecting sensitive lands and cultural resources. OCBC played a pivotal role in facilitating the agreement and was honored to support TCA at the awards ceremony. In a short video, project stakeholder discuss the challenges and solutions of the project, and thanked Dunn for her involvement. For more information, contact Patty Conover, Director of Communications.
FIVEPOINT HOLDINGS DEBUTS ON NY STOCK EXCHANGE
OCBC congratulates investor FivePoint Holdings on the debut on the New York Stock Exchange Wednesday. FivePoint raised $294 million on its first day of initial public offering of 21 million shares at $14 each. FivePoint designs and develops mixed-use, master-planned communities in coastal California - Offering sustainable and vibrant communities in Orange County, Los Angeles County, and San Francisco County. For more information, contact Natalie Rubalcava, Vice President, Investor Relations and Business Development. 
OCBC WELCOMES TOM CUCE, UPS TO THE BOARD OF DIRECTORS
OCBC is pleased to welcome Tom Cuce, President, UPS, Southern California District, to the Board of Directors. UPS has long held a seat on the Board of Directors, with Cuce filling the vacancy left by Noel Massie from UPS, whose duties with the company elevated to require national attention. Cuce manages a $3.7 billion business unit employing over 20,000 people and serving over 150,000 customers daily. He oversees all operations, customer relations, and revenue management in Hawaii, Southern California, and Southern Nevada.  Cuce began his UPS career in 1983 as a package handler in Long Island and has worked his way up through the company in numerous departments and capacities. He is an active member in the community, also serving as a board member for the United Way of LA, Antelope Valley Region, and the Urban League of Metropolitan Seattle. For more information, contact Natalie Rubalcava, Vice President, Investor Relations and Business Development. 
OCBC INVESTORS RECOGNIZED AT CSUF LEADERSHIP AWARDS
Joe Hensley, US Bank
On May 5, 2017, Mihaylo College of Business and Economics Center for Leadership honored OCBC Board Member Joe Hensley, Market President, US Bank, with the Excellence in Executive Leadership award and FivePoint Holdings LLC with the Excellence in Leadership Development award at the 6th annual leadership awards luncheon.  Each year, the Center for Leadership and its Executive Board of Advisors recognize outstanding individuals and organizations that have distinguished themselves for their leadership development. Hensley was recognized as an Orange County executive who demonstrates exemplary success in building and leading an organization to thrive in the ever increasing competitive landscape.  FivePoint Holdings LLC was recognized as having excelled in developing its human capital as evidenced by its organizational policies and creative leadership development programming. Experian is also a past recipient of the Leadership Development award. Steve Churm, Chief Communications Officer, accepted the award on behalf of FivePoint. Both Churm and Hensley are members of the Orange County Business Council Board of Directors.  Lucy Dunn was one of the first recipients of the Excellence in Leadership Development award in the past. Congrats to the honorees! For more information, contact Natalie Rubalcava, Vice president, Investor Relations and Business Development. 
ORANGE COUNTY DEVELOPMENT BOARD RECEIVES FUNDING TO SUPPORT IMMIGRANT WORKFORCE
More than 1 in 3 Californians was born in another country, and the state's workforce system is moving to address systems-alignment and coordination issues to improve services to immigrants and English Language Learners.  On May 1, the California Workforce Development Board and the California Labor and Workforce Development Agency announced the award of five grants to local workforce boards to support pilot "Workforce Navigator" programs over the next 18 months. Each local board, including OC Development Board, received $500,000. As outlined in the project's Request for Applications, a primary goal is to improve systems coordination to allow individual jobseekers to more smoothly navigate through adult education, job training, and other workforce services. For more information, contact Alicia Berhow, Vice President, Workforce Development and Advocacy. 
VOTE FOR BEST OF OC
Voting for The Orange County Register's 24th Annual Best of Orange County magazine has commenced and includes several categories that apply to the business community. The magazine is issued in late September, and includes a community event.  People can vote daily, and those who vote in 10+ categories are entered to win $100. CLICK HERE to learn more. For more info, contact Patty Conover, Director of Communications. 
OCBC JOINED LAREXC AND GO-BIZ TO WELCOME CHINESE TRADE DELEGATION
OCBC - in conjunction with the Los Angeles Regional Export Council (LARExC), the Governor's Office of Business and Economic Development (GO-Biz), the Chinese Consulate in Los Angeles, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME)- hosted a trade delegation of over  80 Chinese business executives and government officials in charge of trade and investment on May 8. Representatives from all five counties Los Angeles, Orange, San Bernardino, San Diego, Riverside and Ventura debriefed the Chinese trade delegation of trade and investment opportunities discussed ways to enhance commercial exchanges with government and Chamber representatives from the Guangdong, Jiangsu, Shandong, Hebei, Shangai, Chongqing, Inner Mongolia dn Zhejiang provinces. The delegation included executives from companies in clean-tech, e-commerce, infrastructure, agriculture and other sectors. For more information, contact Jocelin Jimenez, Economic Development Specialist.
CONGRATS TO PROVIDENCE ST. JOSEPH HEALTH'S ANNETTE WALKER ON BISHOP'S AWARD HONOR 
OCBC Board of Directors Member  Anette Walker, President of Strategy, Providence St. Joseph Health, on being recognized at the 15th Annual Orange Catholic Foundation's Conference on Business & Ethics with the Bishop's Award for Exemplary Business Integrity. In addition to her responsibilities in strategy, marketing, sales/outreach/business development and project management offices across the PSJH system, Walker is on numerous medical boards throughout California. Congrats! For more information, contact Natalie Rubalcava, Vice President, Investor Relations and Business Development. 
MILLENNIAL ABOUT TOWN: KAITLYNN IRVINE CHECKS OUT 4TH ST. MARKET IN DT SANTA ANA
"Millennial About Town!" chronicles the great entertainment, arts, and culture found right here in Orange County. Got suggestions for me? Send them to Patty Conover. 
A melting pot of culture in the base of downtown Santa Ana, 4th Street Market shines. Created as a safe haven for small business to thrive, it features food showcases for new and unroofed business; kitchen incubators serving as a space for startups; and a diverse food hall. Overall, 4th street is a delightful place to spend a day with the option to either indulge in quality culinary creations, or not spend a dime and enjoy the live music and culture. 4th Street exudes a diverse urban atmosphere echoing  Santa Ana's genuine roots. The patio features a unique graffiti art wall and homey wooden tables. Inside a modern industrial space references sweet touches of Santa Ana history in old photos. The wide array of food options was astounding. Dishes range from Vietnamese, fresh specialty pizza, classic and new poultry, SouthWest infused plates, hearty sandwiches, to hand crafted coffee and desserts - there isn't a shortage of savory options to choose from. During my Saturday brunch, I tried a little bit of everything- luckily I had friends along and didn't feel too guilty as all ingredients were fresh. We shared plates just in time for a DJ spinning an upbeat mix of music. The talent rotates daily at 4th Street Market, from live Spanish folk to trendy pop. I loved every dish I tried, but my personal favorites were the Bee Sting Specialty Pizza from Jinny's Pizza and the Breakfast Torta Sandwich from Alta Baja -every item tasted like a fresh secret specialty. Learning more about 4th Street Market, I better understood the personable feeling I embraced there. It is an asset to the Orange County community by holding on to the heartbeat of the culturally diverse and thriving Santa Ana that makes the impossibility of a small local business possible.
SAVE THE DATE FOR OCBC'S EXECUTIVE INVITATIONAL GOLF TOURNAMENT - SEPT. 19
You won't want to miss OCBC's Annual Executive Invitational Golf Tournament, sponsored by Kaiser Permanente. This is OC's premier golf event featuring high-level networking with top executives from Orange County's leading businesses. Sign up today to become a sponsor and take advantage of this opportunity to market your brand as a top company in OC. For more information, contact  Pamela Chamberlain, Interim Events Specialist.  WHEN: September 19, 2017 WHERE: Monarch Beach Golf Links  
 
SAVE THE DATE FOR OCBC'S ECONOMIC DEVELOPMENT FORUM - JULY 20
Don't miss OCBC's Economic Development Forum, sponsored by Charter Communications and Southern California Edison. This event will focus on the effects and future of Ecommerce. Reserve your sponsorship opportunity today! For more information contact Jocelin Jimenez, Economic Development Specialist. 
WHEN: 7:30 a.m. to 9:30 a.m. Thursday, July 20 WHERE: Irvine Valley College Performing Arts Center
COST: Member - $75 Non-Member: $95
 

MEMBERS IN THE NEWS
POLITICAL CORNER
Political corner events are for information purposes only and are not necessarily endorsed by OCBC. 

Don't miss Keynote Speaker and Baroness Thatcher Liberty Award Recipient Rudy Giuliani Saturday, May 20 at the Ritz Carlton in Laguna Niguel. CLICK HERE for more info.
COMMUNITY EVENTS    
24th ANuual UCI Undergraduate Research Symposium - Saturday, May 20
Oral panel sessions and poster presentations will allow undergraduates from all disciplines to present their research, address questions, and engage in discussions with other students, faculty, staff, and members of the community. In order to make the proper arrangements, please RSVP by Wednesday. CLICK HERE for a full schedule and details of the event. 

Meritage Invites Local High Schools to Sing 'Glorious!"- Sunday, May 20
As part of its mission to foster the future of the choral arts, Meritage Vocal Arts Ensemble welcomes the talented singers from the choral programs at Diamond Ranch High School and Santa Ana Valley High School. Join Meritage at 4 p.m. at Anaheim United Methodist Church. CLICK HERE for ticketing information.

Vote for Best of OC - Friday, June 2
Voting for The Orange County Register's 24th Annual Best of Orange County magazine has commenced and includes several categories that apply to the business community. The magazine is issued in late September, and includes a community event.  People can vote daily, and those who vote in 10+ categories are entered to win $100. CLICK HERE to learn more. 

Mobility 21 Summit - Friday, September 29
Early bird registration is open for the Mobility 21 Summit at Disneyland Hotel, Anaheim. Attendees meet the transportation industry decision-makers from across Southern California and network with over 1,200 attendees. CLICK HERE for more information. 
UPCOMING OCBC COMMITTEE MEETINGS: JUNE
Economic Development 
Wednesday, June 7, 2017  I  9:00 to 10:30 a.m. 

Workforce Housing 
Thursday, June 8, 2017  I  7:30 a.m. to 9:00 a.m. 

Advocacy and Government Affairs
Friday, June 9, 2017  I  9:30 a.m. to 11:00 a.m.

Infrastructure
Tuesday, June 13, 2017  I  7:30 a.m. to 9:00 a.m.

Workforce Development
Wednesday, June 21, 2017  I  7:30 a.m. to 9:00 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 2016 check out OCBC's Committees. For more information, contact  Natalie Rubalcava, Vice President, Investor Relations and Business Development. 
GET CONNECTED ONLINE WITH OCBC 
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 blog: Dunn and Done. Or visit our newest website, LocationOC.com.

If you have questions on how to get connected with OCBC online, contact Patty Conover, Director of Communications, at 949.794.7221 or pconover@ocbc.org.
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OC's housing shortage affects workforce and economy
OC's housing shortage affects workforce and economy
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