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The Leading Voice of Business in Orange County | Tuesday, July 6, 2010
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OCBC ENCOURAGES STATE LEADERS TO FOCUS BUDGET ON JOBS CREATION
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As budget talks begin in an effort to bridge an
estimated $19.2 billion deficit, OCBC
encourages state leaders to develop a budget conducive to economic growth and
jobs stimulation.
During budget discussions, one
incentive potentially on the chopping block is the legislature's 2009 decision
to allow a single sales factor formula, which puts a greater weight on sales
revenues for businesses. This one change in California's business tax code would create 144,000 new jobs and increase
state revenues by $411 million annually, according to a recent study conducted
by USC.
The study, authored by Marshall
School of Business professor Charles W. Swenson, Ph.D, concluded that changing
the state's apportionment formula will result in significant economic growth
and job creation by encouraging companies to locate jobs and facilities in
California. In addition, the study put to rest the myth that the change will only
benefit business.
"A
return to the old formula will be a step back on California's road to economic recovery,"
stated Lucy Dunn, OCBC President and CEO. "Withdrawing this incentive now would
significantly impact California's efforts to
rebound from the recession and further devastate California's already lagging business
climate." [READ MORE]
For more information, please contact Kate Klimow.
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DUNN AND DONE: GREAT MUSIC, FINE WINE AND HIGH SPEED RAIL
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 Every two years for the last 17 years, a
group of friends get together under the banner of "An American
Celebration of Music" to perform concerts and recitals from Carnegie
Hall to Sydney Opera House and all points in between.
This year, as Southern California Master
Chorale, we travel through Europe on every form of transportation:
plane, bus, taxi, Bateau Mouche (boat), subway, metro, express rail,
high-speed rail and lots and lots of walking!
This week, I visited Disneyland Paris,
which is a 40-minute express train ride outside Paris that ends at the
Park entrance! Interesting fact: as easy as it is to take the train to
Disneyland, 50 percent of visitors arrive by car! A sign of prosperity
is owning your own car in Europe. So as we in California are trying to
get folks out of cars, in Europe, the trend is the other way around.
Another interesting insight is how young
Parisians don't like to pay for their Metro rides but think free Metro
is a French right! I witnessed several times folks jumping the gates
to enter or exit the Metro or squeeze right close behind a paying
"customer" to get 2 for 1! Quelle surprise!
In Paris, there are also public bicycles
for a small fee. You can pick one up in one part of the city and leave
them in another part for someone else to use with bike lanes clearly
marked (but French drivers are crazy, so I'm not so sure I am quite
ready to try the bikes yet!)
But the best form of transportation so
far has been walking. There is nothing like getting your bearings with a
walk along the Seine looking for that perfect Bertillon ice cream
flavor on the Île de la Cité or shopping in Tours in the Loire Valley
during their annual July 1 sale! I must average eight miles a day on
my pedometer! Oooh la la! That's why there are no fat French women! Au
revoir!
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INTRODUCING THE NOVEMBER 2ND BALLOT MEASURES
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 It's not too soon to begin thinking about the California
Statewide General Election on November 2, 2010. OCBC will analyze the measures and provide recommendations based on impact to the business community and OCBC's initiatives and policies.
Below are the ten propositions that will be on the November 2nd ballot:
- Proposition 19 - Changes
California
law to legalize marijuana and allow it to be taxed
Proposition 26 - Increases
legislative vote requirement to two-thirds for state fees, levies, charges, and tax revenue allocations
Click here for detailed information on the ballot measures. For more information
on these ballot measures or OCBC's position statements, please contact Kate Klimow.
*Governor Schwarzenegger has asked the California Legislature to take action to postpone the Water Bond vote until the 2010 election
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JOIN THE 2010 EXECUTIVE INVITATIONAL: SELLING OUT FAST!
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|  Join OCBC Thursday, July 29, for the 2010 Executive Invitational Golf Tournament, presented by Kaiser Permanente, at the beautiful Monarch Beach Golf Links in Dana Point, and tee off for education.
This annual event helps raise funds and awareness for OCBC's Latino Educational Attainment initiative and works to unify the community, students and parents and enhance the future of our
workforce. [CLICK HERE FOR MORE INFO ON LEA]
Don't miss this great opportunity to hit the greens with Orange County's top business executives all while having fun for a great cause. For more information, or sponsorship opportunities, please contact Leslie Dods at 949.794.7241.
 What: 2010 Executive Invitational Golf Tournament
When: Thursday, July 29, 2010 | Shotgun start: 12:30 p.m.
Where: Monarch Beach Golf Links | 50 Monarch Beach Resort North, Dana Point
Event Flyer | Sponsorship Opportunities | Registration Form | Online Registration
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NEXT CLB TO FEATURE CHAIRMAN AND CEO OF
EDWARDS LIFESCIENCES MICHAEL MUSSALLEM
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|  Join OCBC for the
Chairman's Leadership Breakfast featuring the
Chairman and CEO of Edwards Lifesciences, Michael Mussallem. Listen as
OCBC CEO Leadership Caucus Chairman Tom
Phelps conducts an in-depth
interview with one of Orange County's top executives.
Orange County is home to some of the world's leading manufacturers of medical devices, including Edwards Lifesciences, the world's largest manufacturer of heart valves.
Michael A. Mussallem is chairman and
chief executive
officer of Edwards Lifesciences Corporation, the
global leader in the science of heart valves and
hemodynamic monitoring. Mussallem has headed
Edwards Lifesciences since it was spun off from
Baxter International Inc. and began operating as an
independent, publicly traded company in April 2000.
Previously,
he was responsible for the worldwide
operations of both Baxter's CardioVascular business,
which he had headed since 1995, and its
Biopharmaceuticals business, which he had been
appointed to lead in 1998.
What: CLB Featuring Michael Mussallem
When: Wednesday, July 14, 2010 | Breakfast:
7:30 a.m. | Program: 8 a.m.
Where:
Center Club| 650 Town Center Dr., Costa Mesa
Event Flyer | Online
Registration
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OCBC's "CALIFORNIA SQUIRREL" GETS NEW MATERIAL
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don't like reporting these. We're hoping someday our legislators will focus on
a California that is no longer on the "worst place to do business list" or
"highest taxes" list. Rather, we'd like them to focus on creating a California that is the leader in economic recovery.
Unfortunately, we have new material. Check out the latest chock-full-o' nuts legislation to
hit OCBC's CaliforniaSquirrel.com:
- SCR 113 -- Calls for a travel advisory and a suspension of California's investments
in the Grand Canyon State until the law, Arizona SB 1070, is repealed.
It also petitions Major League Baseball to strip Arizona of hosting the
2011 All-Star Game. - SQUIRREL!!
California's economy needs a major
boost. And the first job of
every California elected official is to help grow that economy for the
benefit of its people and environment. If a legislator isn't working to
create private sector JOBS, he may be distracted by SQUIRRELS. See what
all the talk is about at www.CaliforniaSquirrel.com.
For
more information, please contact Kate Klimow.
Or to submit suspected Squirrels for consideration contact squirrel@californiasquirrel.com.
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THINK YOU CAN BALANCE THE STATE'S BUDGET? TAKE THE BUDGET CHALLENGE!
| |  Think you can do a better job of balancing the state's budget than our legislators? Well, here is your chance to share what you think about the
state's spending priorities and how they should pay for them.
Each year the Governor and Legislature work together to pass a state budget that decides how our taxes will be spent. In recent years, California has spent more money than it has coming in, which leads to deficits. The budget process involves many tough trade-offs. With Next 10's Budget Challenge, you have a chance to design your own budget and try your hand at solving the Golden State's budget woes, now with new policy options and most up-to-date numbers on the state budget.
Click here to take the California Budget Challenge. For more info, contact Lucy Dunn.
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FEEDBACK WANTED: ORANGE COUNTY TRANSPORTATION AUTHORITY
| |  DESTINATION 2035: Moving Toward a Greener
Tomorrow
How do you see the future of transportation 25 years from
now? The Orange County Transportation Authority (OCTA)is developing the 2010
Long-Range Transportation Plan, and they want to hear how you would improve
Orange County's freeways, roadways, bus and rail programs.
You can help OCTA in moving the county toward a greener
tomorrow by planning for a more efficient transportation system. Please complete
the online survey HERE. For more information, visit www.octa.net/lrtp or contact
Marissa Espino at 714.560.5607.
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OCBC NEW MEMBERS SPOTLIGHT
| | Marshall School of Business, University of Southern
California
The USC
Marshall School of Business is a private research and academic institution
committed to educating tomorrow's global leaders. Ranked as one of the country's
top school's for accounting, finance, entrepreneurship and international
business studies, U.S. News & World Report has cited our
undergraduate education as one of the best in America, while Business
Week ranks the MBA program in the top 30 of all business
schools. [Click here for more info]
AltaMed Health Services Corporation
AltaMed Health Services Corporation is the largest non-profit
Federally Qualified Health Center in California in services to over 128,000
seniors and medically underserved persons. AltaMed operates 43 sites in Los
Angeles and Orange counties providing primary care, dental, OB and Adult Day
Health services. [Click here for more info]
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OCBC COMMITTEE MEETINGS: JULY
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Infrastructure Committee
 Tuesday, July 13, 2010 | 7:30 - 9:00AM
Workforce Development Committee
Wednesday, July 21, 2010 | 7:30 - 9:00AM
Economic Development Committee
Wednesday, July 21, 2010 | 9:00 - 10:30AM
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 2010 check out OCBC's Committees. For more information, please contact Leslie Dods at 949-794-7241 or ldods@ocbc.org
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| COMMUNITY EVENTS | Orange County Forum Presents: A
Luncheon With Angels Baseball - Tuesday, July 27, 2010
You're
invited to a luncheon, featuring Angels Baseball Chairman Dennis Kuhl
and representatives from the 2010 Angels' Baseball Team at The Diamond
Club on July 27, 2010. Meet and greet the minds behind the Angels
organization and current members of the 2010 Team, as well as bid on autographed memorabilia and collectibles. The event
will take place at The Diamond Club starting at 11:30 a.m. For more information, contact the Orange County Forum at 949-588-9884 or
via email at OrangeCoForum@aol.com
Central County Senior & Caregiver Summit - Saturday, August 7, 2010
The Central County Senior & Caregiver Summit hosted by Orange County Supervisor Janet Nguyen, the Orange County Office on Aging and Community SeniorServ will take place at the Crystal Cathedral on Saturday, August 7, 2010. The Summit will provide a unique and exciting opportunity for Orange County's older adults and caregivers to learn more about health care and vital community programs. Over 1000 older adults, caregivers and families are expected to be in attendance at this event with a particular emphasis on targeting under-served communities. For more information, or sponsorship opportunities, please contact Karen Roper at 714.480.2805.
SAVE THE DATE! Mobility 21 Regional Transportation Summit - Friday, October 29, 2010
The ninth annual Mobility 21 Southern California Transportation Summit is a one-of-a-kind conference that brings together stakeholders, business leaders and local, state and federal officials during a one day meeting to discuss the leading issues facing our transportation system today. For additional information, contact Marnie O'Brien Primmer at 949-288-6884 or mprimmer@mobility21.com.
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IS IT NEWS TO YOU? THEN IT'S NEWS WE CAN USE!
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Have an event coming up? Was your company just
highlighted in the news? Are you doing something great in Orange
County? The Business Council wants to know about it. Now OCBC members can submit news stories for OCBC's E-Update Indicator
Newsletter.
Click here and fill out the submission form for one of Orange County's premier business news source. Not a member? Click here for more information on how to get involved and join the leading voice of business in Orange County.
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SPREAD THE WORD! IMPACT THE WORLD! FORWARD YOUR COPY TO ASSOCIATES!
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Forward OCBC's E-Indicator to friends and colleagues by clicking on the "Forward Email" link at the bottom of the email and encourage them to sign up for one of Orange County's premier business publications!
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TUNE INTO OCBC-TV WEBCASTS AND GET CAUGHT UP ON THE LATEST EVENTS
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powered by  | BUSINESS MEETS SOCIAL MEDIA
| |  Do you tweet? Have a Facebook page or surf YouTube? Then follow the latest news
and information from OCBC online! The leading voice of business is connecting
you to business in Orange County like never before.
If you
have questions on how to get connected with the Business Council online, please
contact, Dan Nasitka at 949-794-7245. |
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2 Park Plaza, Suite 100, Irvine CA 92614 | www.ocbc.org | PH: 949.476.2242 | FAX: 949.476.9240 | |
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