The Leading Voice of Business in Orange County                                                                                   Tuesday, November 14, 2017
BREAKING NEWS: OCBC SUPPORTS TAX REFORM WITH AMENDMENTS
After several attempts over the last 30 years, Congress is once again attempting tax reform with a vote taking place Thursday on the Tax Cuts and Jobs Act. Currently, several Orange County representatives are either undecided or opposed on the proposal. The plan includes lowering the corporate tax rate from 35 to 20 percent to increase global competitiveness and encouraging companies to return to the U.S., as well as invest in innovation and spur the GDP, which OCBC supports. However, OCBC is concerned about the elimination of the state and local tax (SALT), which is popular in Southern California with an average deduction being between $15,000 to $18,000. OCBC is also concerned about the impact of the Jobs Act on housing in California and the nation. An essential component to alleviating, and ultimately fixing, California's housing crisis is a healthy supply of affordable housing produced by private developers, which the current bill will hinder under Section 3601. OCBC is in support of comprehensive tax reform, but as California is a donor state and county, it is important that residents are not penalized while also living in a high cost state. For more information, contact Alicia Berhow, Sr. Vice President, Government Affairs. 
OCBC MEETS WITH TREASURY SECRETARY MNUCHIN, PRESIDENTIAL ADVISER TRUMP ON TAX REFORM

On November 6, several OCBC Board Members and staff attended a White House briefing with Treasury Secretary Steven Mnuchin, as well Presidential Adviser Ivanka Trump, to discuss the House of Representatives federal tax reform proposal, The Tax Cuts and Jobs Act. The meeting featured a panel discussion comprised of Orange County leaders, including OCBC Board Member Dessi Sarabosing, Mobilitie. The panel addressed areas of support and concerns in the plan, detailing how they felt the tax reform bill would improve or hinder business in Orange County. Secretary Mnuchin and Presidential Advisor Trump highlighted that at the core, the plan is geared toward simplifying the tax code and ensuring the U.S. is globally competitive. For more information, contact Alicia Berhow, Sr. Vice President, Government Affairs. 

OCBC RECOGNIZES PUBLIC SECTOR CHAMPIONS CUTTING THROUGH RED TAPE, IMPROVING BUSINESS
Join OCBC Thursday, November 16 to honor public agencies that have broken down barriers to economic growth. A committee chaired by Dan Miller, The Irvine Company, reviewed a record number of outstanding nominees to select award winners in the categories of Business Retention and Expansion, Real Estate Redevelopment and Reuse, Sustainable and Green Development, Responding to Globalization, Public-Private Partnership, and Leadership. CLICK HERE to read about all of the fantastic nominees! Thank you to event sponsor JPMorgan Chase. For more information, contact Jocelin Jimenez, Director of Economic Development. 

OCBC CHAIRMAN OF THE BOARD RECEIVES SURPRISE AWARD AS OC INFLUENCER FOR GOOD
On an evening filled with messages of love, collaboration and respect for one another, five pillars in the community were honored as OC Influencers for Good - four of whom are members of the OCBC Board of Directors. President and CEO Lucy Dunn; Dr. Al Mijares, Orange County Department of Education; OCBC Chair Richard Porras, AT&T; and OCBC Chair-elect Steve Churm, FivePoint; received recognition as Pillars in Government, Education, the Founders Award, and Business, respectively. Dr. Alice Police, UC Irvine, received the Pillar of Healthcare honor. While attendees had anticipated honoring four pillars in the community, a fifth Founders' Award was unexpectedly delivered to Porras to honor the great work he has done throughout the community across education, government, and business. Ensuring prosperity and wellness for all throughout the region is paramount to OCBC's activities and its Board is comprised of community leaders throughout every industry sector in Orange County. While the evening was dedicated to celebrating each Pillar, everyone who was honored attributed their success to their mentors, family, friends and colleagues who all supported and inspired them to wake up every morning with the intention of love and goodness. Congratulations to all honorees, it was a proud night for OCBC! For more information, contact Patty Conover, Director of Government Affairs. 
SCAG ECONOMIC SUMMIT FEATURES OCBC ON 'COST OF NOT HOUSING'
OCBC President and CEO Lucy Dunn, as well as OCBC Workforce Housing Chair Shari Battle, Bank of America, participated in a housing panel discussion on the "Cost of Not Housing" at the California Economic Summit. The theme of the Summit was Elevate California, focusing on addressing crucial issues facing many Californians including poverty, income growth, and the high cost of living with more than 500 civic, business and community members in attendance. The panel focused on how housing prices have affected investment and human resources decisions, discretionary spending and savings among residents and the long-term impacts, as well as the strain on the most vulnerable to homelessness. Battle and Dunn were joined by Paul Granillo, President and CEO, Inland Empire Economic Partnership, to give a full regional perspective. For more information, contact Patty Conover, Director of Government Affairs. 
BRIAN CALLE RESIGNS AS VP OF OPINION, SCNG TO LEAD OPERATIONS AT LA WEEKLY
OCBC Board Member Brian Calle has officially resigned his position as Vice President of Opinion, Southern California News Group, to lead operations of LA Weekly. Calle has served as a valued member of the OCBC Board of Directors. OCBC commends him on his leadership overseeing Opinion at SCNG's 11 Southern California newspapers, and looks forward to working with him at his new publication! Scott Kaufman, Deputy Opinion Editor, will serve as Interim Opinion Editor until a replacement is named. For more information, contact Natalie Rubalcava, Vice President, Investor Relations and Business Development. 

OCBC BRIDGES GAPS BETWEEN EDUCATION, INDUSTRY WITH ROUNDTABLE SERIES
On Thursday, OCBC partnered with Rancho Santiago Community College District to hold the first of a series of Industry Roundtables geared toward bridging gaps between academic curriculum and the skills industry seeks in an incoming workforce. This first roundtable focuses on the Healthcare Industry sector, with representatives from CHOC Children's, St. Joseph Health, and MemorialCare Health Care System meeting with leadership from Santa Ana College and Santiago Canyon College to discuss trends in talent acquisition, such as the increased need for specialties in outpatient care, medical assisting, administrative back-office skills, and homecare aids. Additionally, the group discussed best practices for interning students, and how to make the most out of their experiences. The next roundtable will focus on the Advanced Manufacturing Industry and will be held at the end of November. For more information, contact Patty Conover, Director of Government Affairs.
OCBC MEETS WITH ASSEMBLYWOMAN SHARON QUIRK-SILVA ON INTERNSHIP OPPORTUNITIES 
On September 18, Assemblywoman Sharon Quirk-Silva, along with committee consultant Toni Symonds, presented to OCBC's Community College Working Group. Assemblymember Quirk-Silva serves as the chair of the Assembly Committee on Jobs, Economic Development and the Economy and serves as a member on the Assembly Higher Education Committee. Discussion focused on ways to encourage businesses to offer paid internships and apprenticeships, as well as the need for flexibility with the new minimum wage to incentivize students. OCBC will continue to work with legislators on avenues to improve students' access to workforce training opportunities. For more information, contact Alicia Berhow, Sr. Vice President, Government Affairs. 

CONGRATS TO MILDRED GARCIA, THE NEXT PRESIDENT OF AASCU
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OCBC commends current CSU Fullerton President Mildred Garcia on her appointment as the next President of the American Association of State Colleges and Universities. Dr. Garcia joined CSU Fullerton June 1, 2012 and has achieved an impressive track record of achievements, all focused on student success.  She leaves as the University completes the final year of its first ever five-year strategic plan - a plan that she championed, focusing on preparing students to respond to workforce needs in an increasingly global society, increasing graduation rates, narrowing the achievement gap for underrepresented students, recruiting and retaining a diverse, high-quality faculty and staff, and increasing private fundraising. By all measures, the plan has succeeded. In the coming weeks, Chancellor Timothy White will visit the CSUF campus in the coming weeks to discuss her an appointment of an interim President. AASCU is a Washington, D.C.-based higher education association of 400 public colleges, universities, and systems whose members share a learning- and teaching-centered culture. For more information, contact Natalie Rubalcava, Vice President, Investor Relations and Business Development. 
DON'T MISS OUT ON SOUTHWEST AIRLINES PROMOTION
OCBC investor Southwest Airlines is offering an exciting promotion to show California Rapid Rewards Members nonstop love. They are saying "thanks!" by giving California resident the change to win Rapid Rewards bonus points online and at special events throughout the state, giving away a total of up to 100 million points during the month of November. CLICK HERE to register first, and then CLICK HERE to play. CLICK HERE if you live outside of California, there is a game for you as well! For more info, contact Natalie Rubalcava, Vice President, Investor Relations and Business Development. 
CYBERSECURITY CORNER: VERIFY SITES YOU VISIT ONLINE
Billions of people use the Internet every single day, and knowing how to stay safe while using it is vital. Always be sure to verify the sites you visit on the Internet. A certain amount of information such as your IP address and domain name is automatically sent when you connect. Websites can also track the pages you visit, determine the version of your browser and operating system, and even compromise files and passwords. The Cybersecurity Task Force recommends you to keep your operating system updated and patched, block pop-up windows, and set anti-virus and anti-spyware software and keep them updated. For more information, contact Jocelin Jimenez, Director of Economic Development.
MEMBERS IN THE NEWS
COMMUNITY EVENTS    
BIA Installation of President and 2018 Officers and Board of Directors - November 20
Join BIA for the 51st annual installation of their 2018 President and Board of Directors. The event highlights the successes of 2017 while looking forward to what BIA has planned for next year. For sponsorship opportunities and registration CLICK HERE.

UCI Presents: Using Blockchain to Secure the Supply Chain - Tuesday, November 14 
Join an expert group of industry leaders, academic researchers, and government actors as we critically interrogate the potential of the blockchain to transform supply chain security. CLICK HERE to learn more. 

German American Business Association 2018 Economic Outlook - Monday, January 8 
Join GABI for the 2018 Economic Outlook with Dr. Mohammed El-Erian, Chief Economic Advisor to AllianzEnjoy lunch with a spectacular view from the top floor of a Newport Center Drive high-rise, while getting an exclusive 2018 outlook of the global economy and the financial markets. CLICK HERE for more information. 

Orange County School of the Arts Foundation Presents: Creators and Innovators Speaker Series - Tuesday January 9 
Save the date for Creator and Innovator Speaker Series Tuesday January 9. The event engages influential and accomplished thought leaders in a forum designed to inspire, enlighten, inform, and entertain. For more information, CLICK HERE.
UPCOMING OCBC COMMITTEE MEETINGS: NOVEMBER
NOTE NEW TIME
Workforce Development 
Wednesday, November 15, 2017  I  11:30 to 1:00 p.m. lunch will be served

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, OCBC Vice President of Investor Relations & 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 Government Affairs, 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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