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MCBC's Eggs & Issues returns in August with a look at overtime law changes; RSVP now for early-bird pricing on Annual Higher Education and Research Leadership Summit. 
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 A Weekly Newsletter Promoting Monterey County:
Open for Business

Business Council members identified as (BCM)

Friday, July 8, 2016

Edition 652

On the menu at our next Eggs & Issues breakfast forum: The new overtime law

Please join the Monterey County Business Council for our Quarterly Business Breakfast – Eggs & Issues!
Eggs & Issues is a gathering of interested persons from business, professions, government and the not-for-profit sector that are concerned about key issues affecting the economic health of Monterey County and are looking for solutions. Please join us on Thursday, Aug. 4 from 7:30 to 9:15 a.m at Bayonet & Blackhorse Grill for our next breakfast highlighting an issue of critical import to all employers and their employees.This event is open to the public. 
On May 18, 2016, President Obama and Secretary of Labor Thomas E. Perez announced the publication of the Department of Labor’s final rule updating federal overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation.  California businesses employing salaried workers must be prepared for the new law in order to ensure compliance and avoid the substantial penalties and potential litigation for noncompliance.  
Dennis G. McCarthy  and Sharilyn Payne of MCBC member organization Fenton & Keller will lead our discussion of these issues, starting with their presentation: "Are Your Employees Exempt? Think Again: New Department of Labor Regulations May Change Your Mind."

RSVP Now!
Become an 'Eggs & Issues' sponsor! 
Sponsorship opportunities are available for Eggs & Issues!
For $250, local sponsors receive the following:
  • Five (5) minutes to speak about their company and its activities
  • Recognition at the event
  • Recognition in all marketing materials (e.g., social media, website, etc.)
  • Recognition in Friday Facts, our weekly email newsletter
  • Two tickets for the breakfast
  • For $400, a company gets to sponsor two consecutive breakfasts.
Contact MCBC Executive Director Brian Turlington at bturlington@mcbc.biz should you wish to discuss sponsorship opportunities.
Mann Packing to build cold storage facility

Mann Packing, one of the country’s largest shippers for fresh vegetables, is building a new shipping and cooling facility in Salinas. The facility, to be located at Harris Road at Harris Place in the city’s airport district, is expected to be about 113,000 square feet and sit on 21 acres. The facility, which will also include office space, will add to Mann’s existing facility on 22-acres of land on Hansen Street.
Mann is in the final stages of purchasing the land from Uni-Kool Partners, the Salinas-based crop preparation company. Uni-Kool owns the estimated 257-acres of land also known as the Salinas Ag-Industrial Center. The industrial center was approved by the city in 2010, and  Mann is expected to be the first company to open in the center.
City Manager Ray Corpuz Jr. said the center was not developed since 2010 because of the economic downturn, but Mann’s project is a sign of an economic uptick especially in agriculture. And it is likely to mean more jobs.
Corpuz expects the center will see other companies especially after Mann hangs a shingle.
“I think it’s a very important step of the eventual full development of that site,” said Corpuz. Read more
Source: The Salinas Californian

Register now for MCBC's Annual Higher Education and Research Leadership Summit

Register now to quality for early-bird pricing for  admission to the Monterey County Business Council's Higher Education and Research Leadership Summit, from 7:30-10:30 a.m., Thursday, Oct. 27 in the Monterey Marriott's Ferrante's Bay View Room.
The annual summit is the opportunity for the presidents and institutions that are members of the Monterey County Business Council's Higher Education and Research Competitive Cluster to showcase their upcoming collaborations and projects as well as highlight the economic impact of education and research in the Monterey Bay region with the public release of an economic impact report.  Accordingly, attendees can expect insights from, and the opportunity to network with, leading officials from Cal State University Monterey Bay (CSUMB), University of California Santa Cruz, Monterey Peninsula College, Hartnell College, Monterey College of Law, the Middlebury Institute of International Studies at Monterey, Defense Language Institute, Naval Postgraduate School, and others.
Come learn about important research projects and collaborations, including an update on the Bright Futures Cradle-to-Career initiative in which regional partners are working together to ensure that every child is prepared for school, succeeds in and out of the classroom, completes a post-high school credential and enters a promising career.   Attend and discover how you can help this crucial effort for our community. View a video about Bright Futures HERE.
Contact Monterey County Business Council Executive Director Brian Turlington at bturlington@mcbc.biz or 831.216.3020 for information regarding the Summit and sponsorship opportunities.  
Breakfast will be provided to all attendees.

Buy Now
The MCBC thanks our intial sponsors for this event, PG&E(BCM) and the County of Monterey (BCM).

DeepWater innovation recognized by National Geographic magazine

National Geographic’s June issue recognized the innovation of DeepWater Desal’s plan for combining synergies of cooling data centers, desalination and drawing water from the deep Monterey Bay Canyon to reduce cost of water and result in a carbon neutral facility.
DeepWater Desal LLC is developing the Monterey Bay Regional Water Project at Moss Landing. The project will consist of a seawater reverse osmosis desalination facility and co-located seawater-cooled computer data centers. The project will be capable of producing up to 25,000 acre-feet of high-quality potable water annually. Seawater desalination has been recognized as an important component of the overall regional approach to addressing water supply for the Monterey Bay region. The volume of water produced at the facility, and its central location within the region, make it an ideal solution to augment available potable water supplies. The Monterey Bay Regional Water Project is intended to make a replacement supply of potable water available to Soquel Creek Water District, Pajaro Sunny Mesa Water District, Castroville Community Services District, City of Salinas (BCM) and is the backup to Cal Am (BCM) for the Monterey Peninsula. 

Salvador Dali museum opening set for today

Monterey’s new Salvador Dali Museum is set to open Friday, giving visitors the first chance to view a private collection by the Spanish surrealist.
Formerly known as the Museum of Monterey, the newly-remodeled museum will now be home to Dali17, a permanent exhibit of 543 Dali works which is said to be the second largest private collection of Dali art in the United States and the first of its kind on the West Coast. It includes original etchings, mixed media, lithographs, sculptures and tapestries of the artist who lived in Monterey off and on for seven years in the 1940s.
“Dali17 is such an exciting development for our region and one more great reason for people to visit, and one more great place for residents to show off to their guests,” said Paulette Lynch, executive director of the Arts Council for Monterey County.
The new collection was made possible through a partnership between its owner, Pebble Beach businessman Dmitry Piterman, and the Monterey History and Art Association, which currently operates the museum. Piterman will also manage the museum’s day-to-day operations.
Source: Monterey County Herald
Pictured, Dali17 Museum founder & collector Dmitry Piterman preparing the permanent exhibit.

WELI: Investing in women's futures

Five years ago, a program was founded to invest in the women of the Salinas Valley. More than a scholarship program, the Women's Education & Leadership Institute (WELI) is designed to increase the leadership capacity, workforce skills and college completion rate of female students in the Salinas Valley. Students are empowered through leadership training, a financial award, a student-led WELI club and powerful mentorship with a successful community leader. Since its inception, WELI has provided over $225,000 in student scholarships and has graduated 125 women. 
The need is great, as is the impact:

  • One out of every seven women and girls in Monterey County lives in poverty. 
  • The rate of college attendance for girls in Monterey County is significantly lower than the state average.
  • Yet when a woman thrives, her family does, too, and her educational success directly influences the success of her children.

Coming up on Sept. 29, the third annual Women's Education & Leadership Institute Forum will bring together business and community leaders to support WELI's program endowment. The event at the Tehama Country Club will feature a panel discussion with Lorri Koster, CEO of Mann Packing Co., and Devry Boughner Vorwerk, senior policy advisor at Akin Gump Strauss Hauer & Feld, LLP, and moderator Adrienne Laurent, chief strategic communications officer for Salinas Valley Memorial Healthcare System. Find out about sponsorship opportunities and individual tickets by emailing khagman@hartnell.edu

Pacific Grove to host Alternative Fuel Vehicle car show during Classic Car Week

The first annual Pacific Grove Wheels of the Future Alternative Fuel Vehicle Showcase will be held at the American Tin Cannery on Thursday, Aug. 18 from noon-8 p.m. The free car show will be the only event held during Monterey’s Classic Car Week that showcases the latest in alternative fuel cars, trucks, motorcycles, bikes and mopeds.
Wheels of the Future will take place inside the American Tin Cannery and outside on Ocean View Boulevard. There will also be a Wheels of Green fine art show in the Cannery building featuring the work of local artists. 
Ocean View Boulevard (Between Dewey and Eardley) will be closed to all other vehicles from 5 a.m. to 10 p.m. 
Event sponsors include Cannery Row Company (BCM), Domaine Hospitality Partners, LLC, and Regional Artisans Association. Sponsorship proceeds from this event will benefit Rancho Cielo and the Gateway Center of Monterey County. For sponsorship opportunities and more information, visit www.Wheelsofthefuture.com or call 831.747.1060.
The mission of Wheels of the Future is to foster understanding and create excitement about alternative fuel vehicles in order to help increase the number of clean and renewable energy vehicles on U.S. roads. 

MCBC's Friday Facts sponsor for July

This month, the Monterey County Business Council celebrates Scudder Roofing Co. as the inaugural sponsor of Friday Facts. Learn more about the company below and support them as a thriving and valuable part of the Monterey County business community. To find out about sponsorship opportunities, contact MCBC Executive Director Brian Turlington.


SCUDDER ROOFING COMPANY


 

When Pete and Karen Scudder started a roofing company out of their Prunedale home in 1982, they started small. But they brought years of combined industry experience and a shared vision for quality work and customer service.

These days, Scudder Roofing Co. is a thriving success story. The company, which now has its headquarters and a state-of-the-art products showroom in Marina, employs a staff of more than 45 people. Evolving with the industry, a sister company, Scudder Solar Energy Systems, was launched in 2007. Over the years, Scudder Roofing has handled thousands of jobs throughout Monterey, Santa Cruz and San Benito counties, from roof replacements and emergency leak repairs to green roofing technologies, solar installations and vegetative roofing systems. 

Scudder Roofing Co. continues to be a family-run organization, with Pete Scudder as company president, Karen in the role of secretary/treasurer, and their daughters Jennifer Scudder serving as chief operations officer and production manager and Kelly Scudder Supinksi working at Scudder in project development. And its original values remain intact: Providing excellent customer service and quality, investing in its workforce, and giving back to the community. Over the years, the Scudders have been generous supporters of many nonprofit, charitable organizations, including Rancho Cielo (Salinas Youth Center), YMCA Salinas, Miracle House Program, CASA, Hospice Foundation, Monterey Peninsula College Athletic Center, Common Ground, Marina Youth Soccer, CASA, Marina Rotary and the Monterey Bay Area Boy Scouts Chapter. Pete Scudder currently serves on the executive committee of the Monterey County Business Council, which in 2013 named Scudder Roofing Company as a recipient of the MCBC's Economic Vitality Award for Sustainable Building and Design. Scudder Roofing has also been named contractor of the year by the Monterey Builders Exchange and the Salinas Valley Builders Exchange and is a past recipient of an MCBC Small Business of the Year award.

After 35 years in the business, Pete Scudder, his family and his dedicated employees still hold true to this simple philosophy: "Our top priority has always been upholding our 100% customer satisfaction guarantee."
 

Scudder Roofing Co. is located at 3342 Paul Davis Drive in Marina; The showroom is at 3344 Paul Davis Drive. Visit them online or call  831.373.7212 or 1-800-NEW-ROOF.
 

Click here for a video tour of the Scudder Roofing Company Showroom in Marina with Pete Scudder.

No Membership Luncheon in August; Mark your calendar for our September event

Please note that there will be no MCBC Monthly Membership Luncheon for the month of August due to the Pebble Beach Concours D'elegance. 
Our membership luncheon returns on Friday, Sept. 9,  (it's regularly scheduled second Friday of the month), from 11:45 a.m.-1:30 p.m. at Bayonet & Black Horse Golf Club, Seaside. Special guest speaker will be F. Noel Perry, businessman and founder of the nonprofit nonpartisan Next 10. Tickets: $25 in advance, $30 at the door. Look for details next week or call 831.216.3000. (BIO)

 

Don't miss out on free tax credit workshop

The Governor's Office of Business and Economic Development (GO-Biz) is hosting a workshop on the California Competes Tax Credit. Small, medium and large businesses are encouraged to attend the workshop and receive instructions on how to apply for this tax credit program
The workshop takes place July 12 from from 1-2:30 p.m. at Alliance Small Business Development Center, 1020 10th St., Suite 102, Modesto. 
The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California, or stay and grow in California. Any business can apply and there are no geographic or sector-specific restrictions that impact eligibility. Twenty-five percent of the total credits available each fiscal year are specifically reserved for small businesses.
The next application period begins July 25 and closes Aug. 22, 2016. Go to calcompetes.ca.gov to apply.

 

The return of refinancing and historic low rates

Some good news this week, courtesy of the Bay Area Development Co.: The 20-year 504 fixed rate for July 2016 is 4.08%, pricing it near the all-time low rate of 4.0% set in December 2012. 
The rate for 504 loans is set each month in an auction of all 504 loans throughout the country. Buyers of 504 securities use the 10-year Treasury rate as a benchmark to determine how 504 loan pools should be priced. The recent Brexit vote has caused far more turmoil in the Treasury markets than even in the equity markets.
This produces a so-called "flight to quality" which dramatically affects Treasury rates, and, as a result 504 rates. And in addition to the current historic low rates, because the real effects of the Brexit will not be fully known for some time, this bodes well for 504 rates for months to come.
The SBA last month issued its regulations on the "new" 504 refinancing program, including the following:

  • The legislation and new rules make this program permanent provided the program continues to operate at no cost to the taxpayers, as it has in the past.  
  • To be eligible for refinancing, the loans must be for owner-occupied business properties and the loans must have been in existence for at least 2 years and current for at least the last 12 months.  
  • Like the successful pilot 504 refinancing program that operated in 2012, the new program will allow funds for business-related expenses as well as mortgage refinancing. The current program will allow up to 25% of value of the owner-occupied real estate to be used for business-related expense purposes. 
  • The maximum loan-to-value on the new 504 loans will be 90% for refinancing-only projects and 75% for projects that also involve financing non-mortgage business expenses.  
  •  SBA 504 refinancing may only be used to refinance conventional financing, meaning that existing SBA loans or other types of federal financing (direct or guaranteed) is not eligible.

The reinstatement of 504 refinancing should allow many small and mid-sized companies to lock in historic fixed low mortgage interest rates. This will save many companies thousands of dollars each month, and these savings can be used help these companies expand and to create and retain significant numbers of local jobs.
Source: Bay Area Development Company

Looking for an SBA lender? Check in with our MCBC member organizations: Wells Fargo, Pinnacle Bank and Cal Coastal Rural Development Corp. to find out more information.

New location for MST board meetings 
Beginning with the July 11 meeting, Monterey-Salinas Transit’s (BCM) meetings of the board of directors and Monterey County Regional Taxi Authority will be moved to MST’s new administrative offices located at 19 Upper Ragsdale Drive, Suite 100, Monterey. 
For transportation to the meetings at the new location, board a special free bus from Monterey Transit Plaza (Munras Gate) at 9:15 a.m. or Sand City Station at 9:30 a.m. A taxi voucher worth up to $17 for a one-way trip will be provided for your return.
For more information, visit www.mst.org or call 888-MST-BUS1.

Get the word out!  

How do you reach your audience? You could try carrier pigeons. Messages in a bottle. Paper airplanes. 

Or you could cut to the chase and make sure your vital message hits its target.

If you are a voting MCBC member, you can submit news items of general interest about your organization or upcoming events for consideration for free inclusion in Friday Facts, our  weekly MCBC e-newsletter that reaches a vast audience of key decision-makers, industry leaders, movers and shakers in Monterey County and the greater region.

It's just one more valuable perk of being a member of an organization that's helping to shape the future of Monterey County for the better. 

Non-voting members can contact MCBC Executive Director Brian Turlington for rate information.

And if you aren't yet a member, join us now.  Download the membership application or call 216-3000.

 

Special thanks to the County of Monterey for its ongoing support of the Monterey County Business Council's efforts for economic development and education.

 

 EVENTS CALENDAR 


Friday, July 8 – MCBC Monthly Membership Luncheon (second Friday of the month), 11:45 a.m. - 1:30 p.m., Bayonet & Black Horse Golf Club (BCM), Seaside. Special guest speaker Dr. Willard Clark Lewallen, superintendent and president of Hartnell College, will discuss recent activities at Hartnell and a potential facilities bond measure for Hartnell.  Tickets: $25 in advance, $30 at the door. RSVP now.  (BIO)

Tuesday, July 19 – AgTech Salinas MeetUp, 6 p.m.,CSUMB @ Salinas City Center, 1 Main St., Salinas. Presentations from three startups housed at the Innovation Center: Trace Genomics, Specright and Inteligistics. RSVP here.

Friday, August 12 – Please note that there will be NO MCBC Monthly Membership Luncheon this month due to the Pebble Beach Concours D'elegance. For details, call 831.216.3000. (BIO)

Friday, Sept. 9 â€“ MCBC Monthly Membership Luncheon (second Friday of the month), 11:45 a.m. - 1:30 p.m., Bayonet & Black Horse Golf Club, Seaside. Special guest speaker will be F. Noel Perry, businessman and founder of the nonprofit nonpartisan Next 10. Tickets: $25 in advance, $30 at the door. RSVP info coming soon or call 831.216.3000. (BIO)

SAVE THE DATE â€“ Thursday, Oct. 27: Monterey County Business Council Annual Higher Education & Research Leadership Summit. 7:30-10 a.m., Monterey Marriott. 

SAVE THE DATE  â€“ Saturday, Feb. 4, 2017: Mark your calendar for next year's MCBC 22nd Anniversary Gala & Annual Economic Vitality Awards at the Hyatt Regency Monterey.

Founded in 1995, the Monterey County Business Council (MCBC) is a 501(c)(6) organization comprised of a diverse group of members representing all industries and geographic areas of Monterey County. It remains the only countywide organization focused on business advocacy, economic development and workforce readiness.

Please support our efforts, by becoming a member today: Membership Application
 
If you are a current MCBC member, please help us grow our membership by forwarding this email to businesses who will benefit from our services.


 
Copyright © 2016 Monterey County Business Council, All rights reserved.


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