Quarterly Meeting July 14, 2015 ECONOMIC VITALITY COUNCIL.

Quarterly MeetingJuly 14, 2015

ECONOMIC VITALITY COUNCIL

To empower the Chamber’s capacity to influence Irvine’s competitiveness in a global economy, attract new businesses, improve business retention, expand and grow businesses, help stabilize and energize start-ups and entrepreneurships, facilitate and expand international market opportunities and cultivate a collaborative workforce development platform that fuels our future.

MISSION STATEMENT

AGENDA

• Welcome – Linda DiMario, Vice President, Economic Development & Tourism• Opening Remarks – David Anduri, EVC Chair• Self-Introductions• EVC Communications• International Development Committee

– Task Force Projects, Discussion & Team Leader Recognition• Economic & Workforce Development Committee

– Task Force Projects, Discussion, & Team Leader Recognition• Business Attraction & Retention Committee

– Task Force Projects, Discussion, & Team Leader Recognition• Announcements• Wrap-up & Adjourn• Reception

SELF-INTRODUCTIONS

Participating Attendees

EVC Communications

Echo Media – Christina Welch

PR SUPPORT FOR EVC

Supported Orange County World Trade Week• News Release on Event• Pre-Event Interviews

• Irvine World News, Daily Pilot

• Media Onsite at Event• OC Register/Irvine World

News; OC Business Journal; Global Trade

• Social Media Calendar• Additional Media Outreach

PR SUPPORT FOR EVC

Example of Media Coverage for Orange County World Trade Week

PR SUPPORT FOR EVC

Post Event: World Trade Week• Exporter of Year News Release –

announced at event

•John Colvin Memorial Scholarship Recipients News Release – final scholarship recipients announced at World Trade Week

• Media Outreach

International Development

Committee & Task Force Progress Reports

CHAIR INTRODUCTION

• Leigh Volkland, Edwards Lifescience• Daniel Han, Ignite Payments Agape

-To expand opportunities and grow the impact of trade, export and foreign direct investment on Irvine’s businesses and economy, enhance the value of our diversity, optimize competitive global positioning and strengthen Irvine’s international profile.

TASK FORCES & LEADERSHIP

• Strategic Planning: Sepe (Report) • World Trade Week: Matsumoto (Report)• International Outreach: Hosseinzadeh (Report)• Multi-Cultural Training: Nashashibi• Foreign Direct Investment: Stewart• Exporting 101: Mayfield

Strategic Planning

Task Force Leader: Marv Sepe

STRATEGIC PLANNING

Objective: To structure the International Development Committee’s priorities, supporting tasks, and measurement of progress.

STRATEGIC PROCESS

• Self-Assessment – Chamber will conduct initial SWOT analysis.

• Establish Goals – IDC will establish priorities and goals.

• Create Task Forces – The IDC will create task forces as a means to carry out its goals.

• Define Success – Each Task Force will create measurement of performance and timeline to assess progress.

NEXT STEPS

July 15 – Initial draft of SWOT, priorities, and goals.

July 17 – Strategy sent to IDC members for review.

July 28 – IDC meeting to discuss SWOT & priorities.

Strategic Task Force concluded.

World Trade Week

Task Force Leader: Mark Matsumoto

World Trade Week

Objective: To celebrate and bring awareness to the impact of international trade and export in Irvine and Orange County.

WTW BREAKFAST & FORUM

• Date set for Tuesday, May 17 at the Irvine Marriot

• Planning a bigger better event– More event space – Irvine Marriot– Newport and Huntington Beach Chamber interested– Invite more companies

NEXT STEPS

• Next planning meeting July 24 at 12pm– Recommend keynote speakers – Target sponsors– Refine Exporter of the Year criteria

• RSVP to Anthony Crouch

International Outreach

Task Force Leader: Nader Hosseinzadeh

INTERNATIONAL OUTREACH

Objective: To grow trade for Irvine’s businesses through coordination and activities with Orange county’s international chambers and business associations.

TASK FORCE GOALS

• Call for volunteers• 30 Day – Research international association• 60 Day – Select associations to network with• 90 Day – Begin Networking

CHAIR COMMENTS

Committee goals by December 31

ECONOMIC & WORKFORCE DEVELOPMENTCOMMITTEE & TASK FORCE PROGRESS REPORTS

CHAIR INTRODUCTION

• Dr. Glenn Roquemore, Irvine Valley College• Cynthia Lenahan, Edwards Lifesciences,

– To explore, identify and implement the new education and business model that will fuel Irvine’s industry cluster growth and economic vitality into the future.


• Education & Career Readiness:– Career Discovery & Development: Rowland– Financial Workshop: Chan– Job Shadowing & Internships: Kim

• Skills Gap Solutions: Kurth• ATEP Report: Doughty

Career Discovery & Development

Task Force Leader Wes Rowland

CAREER DISCOVERY & DEVELOPMENT

Objective: To help and support high school students in discovering their career of best fit.

Status Update• Develop career presentation within first month

(done)• Start the process of setting up workshops

(done)• Obtain approval from IUSD (done)

Next Steps • Obtain survey results – In progress• Give 1st presentation – In progress• Develop marketing plan

PROGRESS

FINANCIAL WORKSHOP

Task Force Leader Peter Chan

FINANCIAL WORKSHOPObjective: To introduce relevant financial knowledge to middle/high school students via a mock investment• Investment workshop consists of two meetings in a span

of 4 to 5 weeks• Mock investment with $20,000 seed money to invest in

securities (Stocks, Mutual Funds and Certificate of Deposits) and the investment portfolio will be tracked between meeting

• Prizes for Individuals and Teams 1st, 2nd and 3rd place • Simple versus Compound Interest• Real life examples presented by business facilitators

UPCOMING WORKSHOP

Monday, October 21 at 7:30am

Rancho San Joaquim Middle SchoolSign-up sheet in back of the room

Job Shadowing & Internship

Task Force Leader Merry Kim

JOB SHADOWING & INTERNSHIPS

Objective:

Explore and identify job shadowing and internship opportunities for high school and college students and facilitate a sustainable job shadowing and/or internship placements for a group of students.

Relevance for the Chamber members and Irvine:• Connection with and influence on the future workforce• Service and contributions to the Irvine community• Brand building, community recognition and indirect

marketing

Outcome: Job Shadow Day, Friday, May 8th from 8am to 12pm

Irvine Valley College & Northwood High School students


About Job Shadow Day & Feedback:– Three Rotations: (1) Dennis - Heart Valve

Museum/Advanced Manufacturing (2) Engineering Lifesciences (3) Quality & R&D.

(The highlight was the) determination and passion Edwards had to make the best heart valve. The process that it takes to undergo this process is amazing!

I enjoyed learning about the entire engineering process and firm.

Next Step:• Determine Fall Job Shadow Day at Edwards

LifeSciences – Exploring November 2015


Skills Gap Solutions

Task Force Leader: John Kurth

PARTNERSHIP

• Partnering with U.C.I.’s Extension Coursera Program

• Coursera material is foundational.• Graduates need additional advanced programs

MODELS IDENTIFIED

• Quarterly, Saturdays – all day series of programs • Several providers of advanced content have been

identified that address:– Talent Acquisition--Brenda Callen– Career Transition--Ron Feher– Communication & Presentation Skills--John Kurth

CURRICULUM

• ED Staff will identify possible Chamber candidates to fill the gaps in the content delivery:– Leadership Development– Critical Thinking and Problem Solving– Entrepreneurship– Project Management

NEXT STEPS• Identify Chamber Candidates to Fill Gaps • Marketing Program Development

Partner with UCI Extension/Coursera

Identify and funnel appropriate candidates• Marketing Program Execution

Identify internal and external stakeholders

Message-to-market match• Follow-up Systems for Graduates and Employers

“Before and After” for graduates

Feedback loop for continuous improvement

ATEP Report

Corine Doughty

CHAIR COMMENTS


BUSINESS ATTRACTION & RETENTION

COMMITTEE & TASK FORCE PROGRESS REPORTS

CHAIR INTRODUCTION

•David White, John Hancock•Massis Chahbazian, The Printery

– To influence Irvine’s economic vitality by attracting new business, helping existing businesses grow, expand and prosper, offering solutions to business challenges and nurturing and encouraging start-ups and entrepreneurs.


• Business Outreach: Cala/McCollough• Commercial Real Estate: Girty/Abraham• John Colvin Scholarship: Schultz• Start-Up Tool Kit: Ali • Go Green Wrap-up

Business Outreach Rally

Spring 2015 Task Force Leaders:

Christina Cala and Patrick Orr

Objective: To improve economic vitality in Irvine by visiting local businesses to inform of resources available through the Chamber; ask survey questions, and get feedback as to what challenges they face and how the Chamber can help business grow

GOALS & RESULTS

SPRING BORApril 22 Rally

• 62 volunteers signed up • 450 businesses visited

Survey Results• Greatest challenge is attracting more customers

• Difficulty attracting talent especially in the tech sector

• Traffic and parking continue to be a growing concern

• Regulation

• Survey results sent to the BAR for Task Force development

• Fall BOR Task Force Leaders – Christina Cala and Chuck McCollough

• BOR scheduled for October 28, 2015

• Contact Christina to be part of the planning committee

NEXT STEPS

Commercial Real Estate

Task Force Leaders:

David Girty & Gary Abraham

COMMERCIAL REAL ESTATECommercial Real Estate Web Page Elements

o Hover Mapo Loopnet Availabilitieso Quick Statso Quarterly Report

• Implementationo Beginning July 2015o Completion September / October 2015

Next Steps – Fall / Winter 2015 Increase CRE Task Force Membership Plan Chamber CRE Event – 2016

WEBPAGE

CRE Quarterly Report

Get Involved with the CRE

Task Force

Trusted Partners

CRE Quick Facts Ask a Question

RSS Feed

CRE MarketHover Map

Building Type• Office• Retail• Industrial~ 12 Regions• Airport • Jamboree Center• IBC • URP• Spectrum• etcData• SF Available• Vacancy %• Average Asking Rent• Median Asking Rent

CRE MarketLoopnet Availabilities

CRE Quick Facts

Source: CoStar Property®

Class A

Class B

Source: CoStar Property®

97%

3%

Direct Sublet

96%

4%

Direct Sublet

38%

54%

8%

Class C

Source: CoStar Property® * Includes Under Construction Spaces Source: CoStar Property®

$0.00

2012 3q 2013 3q 2014 3q

Irvine Rental Rate Trends Irvine Future Space AvailableSpace Scheduled to be Available for Occupancy*

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00)

1.56

1.20

0.08 0.110.00 0.00

1.4

1.2

1.0

0.8

0.6

0.4

0.2

0.0

1.8

1.6

2015 1q 2015 3q 2016 1q

16%

49% 35%

Class A Class B Class C

Irvine Vacancy by Type Irvine Vacancy by ClassPercent of All Vacant Space in Direct vs. Sublet Percent of All Vacant Space by Class

Orange County (California) United States Orange County (California) United States

CRE Quarterly Report

John Colvin Memorial Scholarship Task ForceTask Force Leader: Scott Schultz

JOHN COLVIN MEMORIAL SCHOLARSHIP

Objective: Honor the memory of John Colvin, ACTIVE Chamber member and former Chair of the International Committee and the Business Attraction & Retention Committee, with an annual scholarship award to deserving students.

• Two $2,500 scholarships awarded– Donna Raymundo, Northwood High School

• Attending Chapman this fall

– Jana Zweigoron, King’s Academy High School• Attending UCI this fall

• Irvine World News – June 11, 2015


• Raised $19,474– Family contributions– Donations through the Irvine Chamber website– World Trade Week Breakfast & Forum proceeds

• Funding raising planning starting soon– To be a part of the Task Force contact Scott Shultz


Start-Up

Task Force Leader: Seema Ali

COMMITTEE SUGGESTED THREE-PRONGED APPROACH

• Summit

• Startup Webpage• Master Calendar

STARTUP WEBPAGE

ADDITIONAL STARTUP PROGJECTS(never a dull moment!)

● Signature Collaborative Startup Event in 2016

● Weeklong event showcasing our Startup Ecosystem

● Irvine Chamber Startup Committee to help with facilitation

● Support of major OC Startup organizations

UPCOMING MILESTONES

30-60 Day●Develop Webpage

●Summit #5●Test with Entrepreneurs

●Launch Webpage

●Followup meeting re Signature event

Go Green

A Special Thanks to

Task Force Leader: Guy Stivers

CHAIR COMMENTS


ANNOUNCEMENTS

• Chamber Volunteer Recognition at EBE– July 29, 5-7pm at Marconi Automotive Museum

• Task Force Leader Training - August 5, 4-5pm• Next EVC Quarterly – October 13, 4:00-5:30pm

David Anduri Recognition

WRAP UP

• It is important that every participant understands that every task they perform, every piece of research they undertake or evaluate, every contact they make and every finding they deliver, greatly extends the capacity of the Chamber staff and our ability to positively influence the economic vitality of your business and the Irvine business community!

• Thank you!

Quarterly Meeting July 14, 2015 ECONOMIC VITALITY COUNCIL.

Documents

Transcript of Quarterly Meeting July 14, 2015 ECONOMIC VITALITY COUNCIL.