The Leading Voice of Business in Orange County Tuesday, June 2, 2015
CONGRESS PASSES TWO-MONTH SURFACE TRANSPORTATION EXTENSION
On May 29, the Highway and Transportation Funding Act of 2015 became law, which is a two-month extension of the federal highway, transit, and safety programs. However, it does not include any additional revenue for the Highway Trust Fund which the U.S. Department of Transportation estimates will dip below safe operating balances in late July or early August. While the Senate Environment and Public Works Committee announced plans to mark up a multi-year reauthorization bill on June 24, the Senate Banking, Senate Commerce, and Senate Finance committees have not announced similar plans. OCBC urges Congress to find a collaborative and swift solution to a long-term transportation funding plan as a lapse in funding will have dire ramifications to California's and the nation's mobility. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
SIGN UP TODAY FOR OCBC'S NEWLY LAUNCHED ACTION ALERT CENTER!
OCBC's newly launched "Take Action" Center is an interactive, multifaceted tool that allows you to take action on issues critical to Orange County's business interests. Keep abreast on the legislation OCBC tracks and how the county's delegation votes. Voicing your opinion has never been easier and more effective with the advocacy tool that crafts and sends targeted messages to your representatives in one easy step.
For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
SENATE PASSES TRADE PROMOTION AUTHORITY, YET TO TAKE ACTION ON EX-IM BANK
Addressing one of the most important international trade issues in several years, the U.S. Senate recently voted to pass Trade Promotion Authority (TPA), which is now before the House for a vote. Critical to the future of international trade, TPA shapes the principal goals the United States in global negotiations by allowing 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. CLICK HERE for additional information on Trade Promotion Authority. Despite the positive movement on TPA, Congress has yet to make progress on the reauthorization of the U.S. Export-Import Bank (Ex-Im). CLICK HERE to read more. CLICK HERE to take action now! For more information, contact Matt Petteruto, Vice President, Economic Development.
STATE APPROVES CONTRACT FOR NEW POWER PLANT
On May 21 the California Public Utilities Commission (CPUC) approved a 500 megawatt power purchase agreement between SDG&E and the Carlsbad Energy Center. The decision represents a key milestone in NRG Energy's efforts to develop the Carlsbad Energy Center Project, a "peaker plant" needed to ensure reliability in Southern California following the closure of the San Onofre Nuclear Generating Station in 2013 and the impending retirement of the Encina Generating Station. The Carlsbad Energy Center Project will be constructed in an area between I-5 and the North County Transit District Railroad, approximately 30 feet below the surrounding grade, reducing the plant's visual profile. It is expected to operate only during peak demand periods to help integrate a growing supply of intermittent renewables, such as from wind and solar. Water needs will be met through recycled water supplied by the Carlsbad Municipal Water District, conserving scarce drinking water for other uses. Construction is expected to commence by early 2016 with completion in conjunction with the retirement of the Encina station by the end of 2017, generating as much as $6-7 million dollars in local tax revenue annually and creating 375 construction jobs. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
CYBERSECURITY TASK FORCE FOCUSES ON UPCOMING LEGISLATION, LATEST TRENDS AND THREATS
Businesses face a landscape of constant attack and inconsistent regulation when it comes to cyber threats, but the good news is that organizations can take measures to protect themselves from vulnerabilities. These and more topics were discussed at OCBC's second Cybersecurity Task Force meeting Friday featuring guest speakers Robert Bowen, Western Digital; and Matt Ehrlich, Experian. Bowen discussed the tremendous inconsistency in data breach regulations as there is currently no federal standard on notification and remedial actions when a company experiences a cyber attack. Additionally, while many in the private sector often want to work with government to combat cyber issues, there are very real and serious legal concerns that must be addressed in any upcoming legislation, such as liabilities regarding information sharing and ultimately what parties are financially responsible for remedial efforts after an attack occurs. Ehrlich discussed the types of trending threats that businesses should be aware of, and outlined steps that companies can take to prepare for those threats. CLICK HERE to read more. For more information, contact Matt Petteruto, Vice President, Economic Development.
CTC MEETS IN FRESNO, BUT OC BENEFITS
OCBC CEO Lucy Dunn chaired the May 28 meeting of the California Transportation Commission in Fresno to hear major policy items and funding allocation requests throughout the state. Of particular interest was the draft California Transportation Plan 2040, which highlights Caltrans' proposed approach to meeting the state's mandated reductions in greenhouse gas emissions. While recognizing the goals, CTC shared concerns with the lack of analysis on economic impacts, technology and innovation, and the recommendations to "avoid projects that add road capacity," among other issues. Over 1600 comments were received according to Caltrans and a revised draft will be released for review in August. In addition, CTC allocated almost $11 million to projects throughout Orange County, as well as more than $2 million for "active transportation projects" to encourage walking and biking. For more information, contact Delaine Moore, Communications Manager.
OC UNEMPLOYMENT DIPS TO 4.1 PERCENT
Orange County added 3,800 jobs in April as the county's unemployment rate dipped to 4.1 percent, down from 4.4 percent in March and 5.1 percent a year earlier. The construction industry continues to lead job growth with 2,700 jobs added in April - more than any other sector - with nearly a 10 percent overall increase over the last year. The California Employment Development Department also reports that Orange County's other leading sectors include professional and business services at a 3.8 percent year-over-year increase; and the educational and health services sector with 5.2 percent growth from last year. Overall, Orange County added over 50,000 jobs over the last 12 months, outpacing state and national unemployment averages, with 6.3 percent and 5.4 percent unemployment rates, respectively. For more information, contact Wallace Walrod, Chief Economic Adviser to OCBC.
OCBC APPLAUDS OCBJ WOMEN IN BUSINESS AWARD NOMINEES
The Orange County Business Journal announced the 21st Annual Women in Business Award nominees in its May 25-31, 2015 edition and several women who've made a significant impact with OCBC were nominated, including OCBC's 2015 Chair Laura DeSoto, Senior Vice President, Products and Marketing, Experian. DeSoto has held several leadership positions in her over 18 years with Experian and currently spearheads OCBC's 2015 "Secure the Future" campaign, which works to promote cybersecurity awareness and provides resources to Orange County business. Also nominated were former OCBC board members Cynthia Harris Perazzo, Senior Vice President, Strategy and Business Development, Hoag Hospital; and Tamara Werkmeister, Associate Vice President, HNTB. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
AMCAL'S ALEGRE APARTMENTS AWARDED PROJECT OF THE YEAR AWARD
As Orange County is currently facing a 50,000 to 62,000 housing unit shortfall, new residential developments that are affordable to the workforce are crucial to the region's success and AMCAL Multi-Housing's Alegre Apartments project is a model for how the public and private sector can work together to close the housing gap. AMCAL is one of California's leading builders of affordable housing and received the Development of the Year Award by the Kennedy Commission of Orange County for Alegre Apartments, located in Irvine. AMCAL built the 103-unit development utilizing land provided by The Irvine Company, and it is the first developer to partner with the Land Trust under a unique ground lease model that provides affordability in perpetuity - also the first of its kind in Orange County. It is a highly-rated green building with LEED Gold certification and features a variety of community amenities including a large pool and splash area, barbecue areas, playground, and a two-story 4,500 square foot community room. CLICK HERE for OCBC's 2015 Orange County Workforce Housing Scorecard. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
OCBC WELCOME NEW INVESTORS: LEIGHTON GROUP, QSC, SUZANNE'S CATERING & EVENT PLANNING
OCBC is proud to welcome new investors Leighton Group, QSC Audio Products LLC, and Suzanne's Catering & Event Planning. Leighton's focus is on earth sciences encompassing the geotechnical and environmental disciplines, providing a balanced team of engineers and geologists experienced in identifying and mitigating geotechnical and geological hazards. QSC was founded over four decades ago and is a globally recognized leader in the design and manufacture of professional audio system solutions. With power amplification, loudspeaker, digital signal processing (DSP) and digital mixer engineering. Suzanne's is Orange County's premiere full-service catering and event planning company, bringing remarking dedication, inventive cuisine and nearly three decades of fine dining catering experience to the planning of your unique and memorable event. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
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.
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.
NextUp Business Forum: Is Cap-and-Trade Working for California? - Wednesday, June 3
Is cap-and-trade accomplishing what its creators and proponents intended? Attend NextUp's upcoming fourm from 9:00 p.m. to 12:30 p.m. Wednesday, Jun3, 2015 at Woodbury University. CLICK HERE to register for free.
Wake UP! Newport with Lucy Dunn - Thursday, June 4
Join Wake UP! Newport to hear an update from OCBC's Lucy Dunn, President and CEO, from 7:15 to 8:30 a.m. Thursday, June 4 and the Newport Beach Public Library. She will discuss traffic, water and the drought, and what threatens OC's economy most. CLICK HERE for more information.
Excélsior presents: Coffee with the Publisher - Friday, June 5
Join Excelsior newspaper for an opportunity to network, enjoy coffee and pastries, meet leaders at Excelsior/OC Register, and learn how Latinos are growing in population and influence at 7:30 a.m. Friday, June 5, 2015 at the Freedom Communications headquarters in Santa Ana. Don't miss this opportunity to hear from Excelsior's Publisher Orlando Ramirez, Managing Editor Sandra Martinez, and Freedom CEO and Register Publisher Rich Mirman! Please RSVP to email@example.com to reserve your seat as seating is limited.
OC Forum with Michael Colglazier - Thursday, June 11
Join Disneyland Resort President Michael Colglazier as he discusses the Diamond Celebration at the "Happiest Place on Earth" at 11:30 a.m. Thursday, June 11 at Disney's Grand Californian Hotel & Spa. Learn what made the Disneylad Resort successful for the past 60 years and his perspective on what it will take to prepare for the next 60 years. CLICK HERE for more information.
ACC-OC 2015 City Infrastructure Summit - Friday, June 12
Join Association of California Cities- Orange County from 7:30 a.m. to 1:30 p.m. Friday, June 12, 2015 at Hilton Orange County/Costa Mesa for the 2015 City Infrastructure Summit: 2025 Your Future is Now featuring panels Street Cars for Orange County Now, Desalination: Beyond Water 101, and Planning Ahead for Regional Infrastructure. CLICK HERE for more information.
Advanced Transportation Symposium 2015 - Thursday, June 18
What are the latest trends in mobility? Find out why ITS will soon become a household acronym. Take a look at the movement of goods and how that has become a pivotal issue in the direction of technology and infrastructure development at the German American Business Association's Southern California Cleantech and Sustainability event from 12:30 to 6:30 p.m. Thursday, June 18, 2015 at Brandman University. CLICK HERE to learn more.
2016 RTP/SCS Public Open House - Thursday, June 18What is the Southern California Association of Governments (SCAG) and what do they do? SCAG's core area of responsibility is developing the Regional Transportation Plan/Sustainable Communities Strategy (RTP/SCS), a federally mandated document that acts as a blue print for transportation investment and land-use in Southern California. CLICK HERE for a video! What the plan looks like and how it will be developed, is a four-year process. In order to make the RTP/SCS reflective of the needs of Southern Californians, SCAG is hosting a series of Open Houses to gather public input, three of which are right here in Orange County! Attendees will learn about various issues affecting Southern California and then can participate in survey questions, which will direct the RTP/SCS's development. The first one in Orange County takes place from 6 to 8 p.m. at Aliso Viejo City Council Chambers. CLICK HERE to RSVP and a complete schedule.
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: JUNE
Wednesday, June 3, 2015 I 9:00 a.m. - 10:30 a.m.
Friday, June 5, 2015 I 7:30 a.m. - 9:00 a.m.
Advocacy and Government Affairs
Friday, June 5, 2015 I 9:30 a.m. - 11:00 a.m.
Tuesday, June 9, 2015 I 7:30 a.m. - 9:00 a.m.
Latino Educational Attainment
Thursday, June 11, 2015 I 9:00 a.m. - 10:30 a.m.
Wednesday, June 17, 2015 I 7:30 a.m. - 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 2014 check out OCBC's Committees. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
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