2016ANNUAL REPORT Ge ing Results What’s Inside

About 04 OCBC Advocacy & 12 Government Affairs Message From 06 the President 14 Infrastructure Message From 08 the Chair 16 Workforce Development The Nation of : 10 Pursuit of an Ideal Climate Networking & 24 Events 18 Workforce Housing Executive Committee & 26 Board of Directors 20 Economic Development Members & 28 Investors

Research & 22 Communications Revenue & 30 Expenses Orange County Business Council

Business as usual is not a phrase California is known for — we are innovators, adventure seekers, pioneers. From the Gold Rush, to the invention of the personal computer, to the eccentric hippie and surf culture, it’s clear — Californians enjoy making waves in every aspect of life. We don’t have to look far to see the profit, Orange County is an ideal California climate with vibrant landscapes, a thriving business community, and some of the world’s brightest minds.

It’s in this spirit that for more than 120 years, Orange County Business Council (OCBC) and its predecessor organizations have served as the leading voice of businesses in America’s sixth largest county, with a workforce nearly 250,000 strong countywide and 2 million globally.

OCBC formed in 1995 through the merger of the 100-year-old Orange County Chamber of Commerce, the Industrial League of Orange County, the Orange County Economic Development Consortium, and the public-private think tank Partnership 2010. OCBC’s history of accomplishments include assisting in reorganizing local governance structures, advancing business-friendly legislation, leading local and regional economic development opportunities, helping charitable partners achieve their financial objectives, promoting high-tech and innovative initiatives, and much more.

By serving pro-business interests, the region’s unique and vibrant economy will continue to expand — bringing the benefits of prosperity to every corner of the county by leading high-profile, pro-active advocacy programs at the county, state, and federal levels. Four core initiatives guide the organization’s actions and priorities: Infrastructure, Workforce Development, Workforce Housing and Economic Development.

As we continue to evolve, new challenges and opportunities arise to meet the priorities of each initiative, but the goal remains the same — enhance the county’s economic development to preserve The Nation of California, and Orange County as the Pursuit of an Ideal Climate!

4 OCBC’s Four Core Initiatives for Success

Infrastructure Workforce Housing Increase investment in the Increase the supply, choices and construction, management and affordability of housing for the maintenance of Orange County’s Orange County workforce. infrastructure.

Workforce Development Economic Development Create a high quality workforce with Retain, grow and attract business particular emphasis on developing and high-paying jobs with a focus math and science skills needed by on global connectivity, innovation Orange County employers. and technology.

Cars driving in Irvine during the 1920’s. Photo courtesy of Orange County Archives.

5 2015 At a Glance Last year marked many successes for OCBC and the county:

Influenced legislative outcomes on more than 70 bills key to business interests.

With two OCBC-sponsored bills signed into law: housing-related AB 596 and skills gap-related SB 288.

Supported approval of SB 1077 Produced the 2015 OC Workforce to develop a “pilot project” for Housing Scorecard, which has road usage charges, in place of become the go-to research and the gas tax, as an alternative advocacy tool for the region’s way to provide much needed critical need for more housing. transportation funding.

Successfully advocated the Secured a $15 million education reauthorization of the U.S. grant for the Orange County Export-Import Bank and passage Department of Education to of the Trade Promotion Authority further develop programs that to increase international trade will prepare a workforce for opportunities throughout OC and today’s business needs. the nation.

6 Message from the President

Welcome to Orange County Business Council’s 2016 Annual Report — Getting Results, highlighting the accomplishments of 2015 and outlining an action plan for success in 2016.

Every year presents a unique set of challenges and opportunities for the businesses of Orange County — 2015 was no exception. Last year marked a substantial period of growth for the region, with Orange County leading the pack. Job creation continued to rise, the housing market is seeing remarkable growth, schools and universities produce a highly-skilled workforce, and the public and private sector worked together to the meet the needs of growing infrastructure demands. And under the 2015 theme, Secure the Future, engaged businesses on the importance of cybersecurity protections to the bottom line. Orange County Business Council proved again to be a catalyst in these efforts by providing a clear vision and bringing business, government and academia together to tackle the county’s most pressing issues.

Thanks to the exceptional leadership of 2015 Chair Laura DeSoto, OCBC and its investors achieved prosperity and established Orange County as economic powerhouse for . Looking forward to this year, OCBC and incoming Chair RJ Mayer of The Mayer Corporation will continue this progress by elevating the prowess of The Nation of California, and Orange County as the Pursuit of an Ideal Climate!

Lucy Dunn President and CEO Orange County Business Council

7 Message from the Chairman

Last year was an outstanding year for both the county and OCBC, securing a vibrant future under the visionary leadership of 2015 Chair Laura DeSoto of Experian.

As we move into 2016, there is even greater potential to grow Orange County’s and California’s stature as a leader in tech innovation, jobs creation, workforce development, and much more. While it is clear this will also be a year full of great challenges — with transportation woes, new environmental regulations, a growing skills gap in the workforce, and the elections — this year will also yield tremendous opportunity to explore new avenues for success as the county and state continue to work together as partners in future prosperity.

It was once said, “It if can’t be done in California, it can’t be done anywhere.”

California is a model for the rest of the nation and the world. And with its vibrant business community and beautiful landscape, Orange County is the economic hub that pushes the state forward. OCBC’s endeavors will focus on continuing that progress guided by its theme, The Nation of California: Pursuit of an Ideal Climate.

As incoming chair, I am honored to lead an organization such as OCBC— one with a rich history of accomplishments, a track record for advancing business, and mission to enhance the quality of life for all residents. I thank you for the trust in me as 2016 chair, and ask you to join OCBC as we tackle the challenges ahead and build a solid foundation for the future, the forecast looks bright for Orange County and the state.

RJ Mayer 2016 Chair, Orange County Business Council Chairman and COO The Mayer Corporation

8 OCBC’s Plan for Success in 2016

Encourage legislators on all levels of government to shy away from harmful regulations that threaten Orange County’s economic development.

Advocate for an able and skilled Continue to work with the public and workforce prepared for the county’s private sector to ensure an adequate thriving business community. and affordable supply of housing is available for a growing workforce.

Promote the need for well-maintained Promote emerging industries, such and improved infrastructure to support as high tech, international trade and Orange County’s growing population. tourism, and innovative business strategies to encourage continued growth. Ensuring an ideal climate for all that call OC and California home.

9 The “Nation” of

It was a splendid population — for all the slow, sleepy, sluggish-brained sloths stayed at California home — you never find that sort of people among pioneers — you cannot build pioneers out of that 38.8million people call California home, sort of material. It was that population that gave making it the most populous state in the nation to California a name for getting up astounding Largest minority population in the U.S., enterprises and rushing them through with a [making it a gateway for global connections] magnificent dash and daring and a recklessness of cost or consequences, which she bears unto 9th largest economy this day — and when she projects a new surprise in the world, ahead of the grave world smiles as usual and says, Russia and behind Italy ‘Well, that is California all over.’

Mark Twain, Roughing It, 1872 25% U.S. produce is grown in CA, double the amount of any other state and exported to over 150 countries

6% jobs tech related the state’s economy is centered on technology, finance, real estate, and professional and business services Gold Rush of 1848 The “State” of Orange County

th Brought thousands of pioneers 6 most populous searching for a brighter and county in the nation more prosperous life 30% of residents [are foreign born.]

th 45 largest economy in the world

rd 3 largest exporter in the state, and 15th largest in the nation BirthBirth ofof filmfilm industryindustry

rd 3 most diverse tech sector in the nation

11.3% of all degrees By 1919, “Hollywood” had from OC colleges are transformed into the face of tech-related American cinema [ ] Advocacy & Government Affairs

OCBC’s advocacy efforts protect Orange County’s 70 bills tracked 100% pass rate 70% kill rate critical to business interests OCBC sponsored legislation harmful legislation unrivaled quality of life by Including comprehensive reform on transportation AB 596: requires HOA to provide working to promote meaningful funding, CEQA, water, immigration, and education annual FHA/VA status update SB 288: aims to close skills gap by dialogue and policy solutions streamlining high school and college STEM programs that create partnerships between businesses and over 50 12 members 35 elected officials government, ensuring and high-level meetings of Congress local, state & federal Including Congressional subcommittee, California advancing the business legislature committees, California Water Quality Control Board, SCAQMD, County of Orange, community’s interests. OCTA, and SCAG 93 business delegates on One Voice, Two Capitals advocacy trips The Government Affairs Sacramento, CA & Washington, D.C. program is built around OCBC’s four core initiatives: developing OCTA, AQMD, OC Council of Governments, a reliable and modern over 10 CTC, OCWIB, State Board of Accountancy, board & advisory appointments CA High Speed Rail, OC Homeless Commission infrastructure system that can [ ] move goods and people safely and efficiently, a workforce Goals for 2016 prepared for a 21st century • Pursue state and federal legislation related • Strengthen coalitions to advance OCBC’s global economy, an adequate to OCBC’s four core initiatives, defend legislative agenda. against anti-business legislation. supply and range of workforce • Introduce and advance legislation • Recruit and support pro-business proposals, including meaningful CEQA housing, and economic candidates for regional and state board and reform and transportation funding. development strategies that commission appointments. • Testify before state regulatory agencies safeguard a vibrant • Promote and partner with California Women on advancing business agenda. Lead on annual Women’s Conference, business community. advancing more women to state leadership. • Enhance grass roots advocacy program to activate members and community issues. 12 It’s great having Orange County Business Council advocate on behalf of business at the local, state and national levels. This is needed as OCBC continues to serve as Orange County Courthouse under construction, 1901. a catalyst for creating Photo courtesy of Orange County Archives. the Ideal Climate for innovation, growth and competitiveness in Orange County and the region. These efforts are a beacon for the rest of the state now and in the future.”

Co-Chair Antony Williams The Boeing Company Co-Chair Lisa Haines Disneyland Resort

Orange County Courthouse today, located in Santa Ana. The original courthouse is now used as the Clerk Recorder’s office. We need to find infrastructure solutions that will allow future generations to have a better quality of life. Innovation needs the right climate to grow, and Orange County has perfect conditions to advance great ideas. From toll roads to water recycling, Orange County has proven success taking meager resources and leveraging them for a better result.”

Chair Maureen Hayes Parsons

Construction on the California State Highway began 1910 in Tustin, then known as route 2. Photo courtesy of Orange County Archives. The freeway is now known as the I-5, Santa Ana Freeway, and is one 14 of the main throughputs for OC. Enhancing Infrastructure

Every great metropolitan area is comprised of an advanced 177.4 fair share OC local projects $ secured for OC transportation ARTIC, ARC, toll roads, bike lanes, road improvements network of roads, energy, water and other infrastructure. % With 3 million people and 75 federally funded water project CTC chair Advocated for appropriations to support growing, Orange County must Lucy Dunn served as 2015 Chair of the Irvine Ranch Water District Syphon Reservoir, increase mobility options and California Transportation Commission allowing for expanded use of local funds decrease travel time for the SB 1077 road usage “pilot project” 6 county summit workforce and businesses as Advocated for the road usage “pilot project” as Mobility 21 Summit addressed the the surest way to protect and a substitute for the dwindling statewide gas tax region’s critical transport needs and elevated to a statewide discussion expand a thriving economy. OCBC works to promote a OC long-range view – advocating oves Strategic alliance 1-405 pivot strategy representing business & public agencies assisted Caltrans & OCTA negotiations for the construction and Ensuring the goals of Measure M-2 become reality. Achieved collaborative strategy that maximizes maintenance of cutting-edge taxpayer dollars and increases throughput. infrastructure that both secures the county’s connectivity in a Goals for 2016 21st century, and enhances the • Advance OCMoves coalition to increase • Support public agency partners to secure quality of life for all infrastructure funding for Orange County. appropriate state and federal funding for water infrastructure. Orange County residents. • Support OCTA and Caltrans in the effort to improve the I-405 and 55 freeways and • Support growth of all Southern California advocate for implementation efficiency. airports to add quality regional capacity. • Advance new alternatives for completion • Support Road Charge “pilot project” and of the 241 toll road, and lead an effort to educate public on need for alternative develop a comprehensive managed lane transportation funding. strategy for the county. Advancing Workforce Development

California has a long history developing quality LEA expansion 31,000 handbooks celebrating 11 years of the distributed in four languages and accessible education Latino Educational Attainment Initiative First edition of LEA training manual and opportunities for it’s residents. Closing OC’s achievement gap among minority students by 3rd edition of 10 Commandments Handbook teaching parents how to navigate the U.S. education system The California State University over 8,000 parents system is the largest in the have completed formal training nation, with 23 campuses. 2 education bills passed Recognizing the demand for working to close CA’s skills gap 11 school districts SB 288: streamlines high school and college STEM programs including 143 schools a homegrown highly-skilled SB 359: uniforms criteria for 9th grade math placement workforce, OCBC collaborates 2 new grants with community partners to for creation of 11th commandment develop strategic solutions to 250 attendees on IT connectivity at Workforce Development Conference educate students in the skills Released the findings of the 2015 OC Workforce Indicators Report needed amongst a wide range which serves as an economic resource for the county of emerging industries and businesses. By advocating for a greater focus on S.T.E.A.M. Goals for 2016 disciplines (Science,Technology, • Expand LEA relationship with the Santa • Develop a job/internship mapping system Engineering, Arts and Math), Ana Unified School District, Anaheim with the Community College Working Unified School District, as well as develop Group for www.LocationOC.com through Orange County is preparing new coalition partnerships. newly acquired $20,000 grant. students for the innovative jobs • Publish OC Skills Gap report with • Promote local control of school districts, of the future and developing JPMorgan Chase, and co-host STEAM education governance reform and forum to present findings and advance STEAM programs. the next generation of training initiatives. global leaders. • Enhance mentor program with the Global • Advocate and strengthen Early Childhood IT Academy and High School Inc with Education Programs. business partnerships. 16 Orange Coast College’s 164-acre campus is located in Costa Mesa. Founded in 1947, OCC has grown into one of the nation’s largest — and finest — community colleges, enrolling more than 25,000 students each semester.

Orange Coast College entrance, Harbor Blvd, Costa Mesa, circa 1960. Photo courtesy of Orange County Archives. As technology continues to evolve and advance, we need to create a well-trained, educated and highly-skilled workforce for the jobs of tomorrow. OCBC continues to be a leader in California in doing the necessary work that strengthens business and education partnerships in order to stimulate economic growth, expand opportunity and boost employment in Orange County.”

Chair Richard Porras AT&T The Methodist Campgrounds was located on what is now a residential community on 12th and Pecan Ave in downtown Huntington Beach, now known as Surf City USA and one of the most desirable beach communities to live.

The Methodist Campgrounds in Huntington Beach, in 1910, and other surrounding Housing is one of the most important economic indicators tent cities, were constructed for early residents, oil workers, the Grand Army of the Republic and vacationers until housing construction caught up. for a region. OCBC understands that all levels of the Photo courtesy of Orange County Archives. workforce must have access to housing, from the corporate CEO to the hard-working janitor and works to ensure that Orange County residents are not priced out of the market, but can afford to live here and thrive.”

Chair Shari Battle Bank of America

18 Stimulating Workforce Housing

As the population grows, the county must evolve from 2015 Housing Scorecard 150 attendees rates cities based on housing/jobs balance at Housing Scorecard Forum traditional development models Educating business, government and the public and look to provide the homes on the critical need to provide a wide range of affordable housing for the county’s workforce 700 views of the future for the workforce of housing scorecard video of the future – whether it’s a single family detached home, a 2 housing bills AB 596 passed AB 1335 ongoing new high-rise condominium, or creating housing accessibility HOAs to provide annual Permanent funding source FHA/VA status update for affordable housing apartments built into a traditional commercial zone. An adequate and affordable 27.4 million 1 Million Homes supply of housing for the $ Cap & Trade funds secured Statewide action committee to advance workforce is critical to the for Southern CA affordable housing and transportation planning housing projects long-term success of Orange County’s business community. It is estimated that today, the Goals for 2016 county needs in excess of 60,000 • Continue partnerships with housing- • Advocate for legislation and testify in additional housing units to keep focused organizations, such as BIA support of improved building environment to and OCAR. increase the quantity and variety of homes. pace with growing workforce • Continue statewide promotion of 2015 • Secure a sustainable source of funding for demands. OCBC continues to Housing Scorecard and to elevate the low-income/affordable housing, including need for more housing and viral the support of Orange County’s 10-Year Plan to work with Orange County’s cities program to other counties. End Homelessness. to meet this demand by planning • Advocate for and help secure Orange • Advocate for the passage of the statewide for growth that reflects the need County’s share of the Cap & Trade funding school bond for CA school facilities. and preference for housing at all for affordable housing projects. socio-economic levels. Promoting Economic Development

The county’s innovative business community is leading 600 new jobs 7 site relocation 2 tax credit workshops Helped a major employer stay in leads for new business in partnership with GO-Biz the state and nation past OC and create new jobs locating to OC economic recovery, toward measurable growth as seen by its falling unemployment IT skills and security focus New Cybersecurity task Force Educate business on need to focus Featuring Experian, Microsoft, HP, numbers and rising quality on IT development and cybersecurity Western Digital, OC Sheriff, U.S. Bank of life. Thus, OCBC works to promote implementation IT Degree Brandman University of economic development to develop pipeline of future IT workforce solutions that foster global strategic partnerships and 2 trade legislation passed Ex-Im Bank & TPA growth in it’s key emerging Expanding international opportunities strong advocate for reauthorization and U.S. trade legislation industries, including high tech, Successfully persuaded U.S. Customs and Border Commissioner to reconsider manufacturing and international [ “port of entry” status for JWA. [ trade. By capitalizing on strategic benefits, such as a Goals for 2016 well-connected transportation • Support the development of key and • Hold roundtable discussion with system and diverse population, emerging industry clusters including key legislators to discuss bipartisan Orange County can continue manufacturing, information technology, and energy agenda. the high and clean tech sectors. to be an economic driver and • Promote the county’s presence in global • Hold a California Competes Tax Credit connectivity and international trade via model for the prosperity of the Workshop in conjunction with GO-Biz and strategic partnerships, delegation briefings, region and state. local chambers. guest speakers, and events. • Advance the Southern California Economic • Enhance members’ knowledge of Development Strategy to grow the Orange business and cybersecurity through the County and California economies. Cybersecurity Task Force. 20 The Holly Sugar Factory closed in 1982 after sugar beet production ceased in OC. Today the Embassy Suites Hotel sets to the east of the site and is designed to resemble the old factory as a sweet memento to OC’s agriculture past.

James Irvine opened the Holly Sugar Factory opened in 1912 on Dyer Street in Orange County is home to many innovative companies with Santa Ana to process the thousands of acres of sugar beet grown in the area. Photo courtesy of Orange County Archives. the power to change the world. As a global firm, JPMorgan Chase is a proud partner with OCBC in the effort to connect these companies with foreign markets. There is an enormous complexity, yet also great potential, of doing business on a global scale. Supporting local employers makes OC’s cities more open and attractive to global capital and talent, allowing the region to prosper in the global economy.”

Co-Chair, Rick Nogueira, JPMorgan Chase Co-Chair, Juan Basombrio, Dorsey & Whitney The evolution of the Orange County Register began in 1905, when a group of businessmen launched the Santa Ana Daily Register to serve Orange County’s 20,000 residents. Today, its a three-time Pulitzer Prize-winning paper, including two-dozen community newspapers serving OC’s 34 cities and Spanish-language weekly UNIDOS.

The resilience and strength of the Orange County economy is one of the most compelling business stories in America today. Orange County Business Council is helping write this story by standing squarely in the middle of this dynamic intersection of innovation, finance, diversity and entrepreneurialism. Our job at OCBC is to communicate and advocate loudly on behalf of businesses to further fuel the optimism about our future as a world-class marketplace.”

Chair Steve Churm FivePoint Communities 22 Research & Communications

As the leading voice over 100 speaking engagements Go-To voice of business in Orange within OC and CA to advance OCBC initiatives for transportation, housing, economic research, workforce County, OCBC maintains an development and business aggressive and cutting-edge issues for the public and in the media for Southern California communications program 4 major economic reports in partnership with community organizations to to share critical information breaking news quotes provide analysis of the region’s development op-eds and letters to the editor with members, the public and 2015 OC Workforce Indicators Report, Veterans Report, radio/TV on-air interviews SCAG Report, 2015 OC Housing Scorecard economic in-depth features media—solidifying OCBC as events coverage press releases the go-to source for business [ ] news and resources. OCBC’s Enhanced outreach Research Department, led by to provide quality and consistent communication with OCBC members, media and public Wallace Walrod, Ph.D., Chief Economic Advisor, provides 20% open rate 4 advocacy videos 22% increase an objective bridge between for bi-weekly newsletter produced in house in website traffic and emails policymakers and community and business leaders, ensuring informed decision making Goals for 2016 regarding OCBC’s core strategic • Partner with key community organizations in • Cultivate and expand alternative outlets for initiatives. OCBC’s research publishing the annual Community Indicators OCBC’s messages, including regional, state and Workforce Indicators Reports. and national publications. provides in-depth analysis and • Continue to conduct innovative research • Establish OCBC archives to preserve the invaluable policy insights on that supports OCBC’s four core initiatives organization’s history in Orange County the region’s economic climate, and strengthens Orange County’s economy. through a strategic partnership with UC Irvine. education needs, demographics, • Enhance social media strategy to educate members and the public, and influence • Retool OCBC newsletter and website to housing, and other topics decision makers on advocacy issues. enhance user experience. critical to business success. Networking & Events

OCBC provides a forum for Orange County’s leaders 8 sold out events in 2015 conferences, education forums, advocacy meetings, member appreciation to network with the business and public sector communities to proactively address the Goals for 2016 overall economic, political and • Present a calendar of high quality and • Develop exclusive high-level networking educational climate. Whether substantive events that offer the business events for Board Members and Investors. community maximum value for attendance. it’s an intimate Chairman’s • Convene a meeting of the Chairman’s • Offer distinguished speakers and provide Leadership Caucus to report on OCBC Leadership Breakfast that quality information that is relevant to the efforts and outreach on high-level highlights a timely issue, or Orange County business community. development ideas. OCBC’s Annual Dinner bringing • Cultivate relationships with event • Increase revenue through creative event sponsors to maintain support and form partnerships, strategic planning and together 700 business and new partnerships. generating new events. community leaders, OCBC strives to provide innovative, Join OCBC in 2016! informative and fun networking • Annual Dinner The Nation of California: Pursuit of an Ideal Climate — February 18, 2016 opportunities to the nation’s with Michael Smerconish, Host of Smerconish on CNN and SiriusXM sixth largest county. • Chairman’s Leadership Breakfast Series featuring four high-level CEO speakers Featuring Deorah Flint, LAWA — March 22, 2016 Featuring Dr. Mildred Garcia, CSU Fullerton — May 17, 2016 Featuring Dr. James Doti, — September 6, 2016 4th quarter — To be determined • 12th Anniversary LEA Reception honoring students and parents — May 5, 2016 • Election Day Luncheons — June 7, 2016 & November 8, 2016 • Executive Invitational Golf Tournament — September 20, 2016 • OC Workforce Development Conference with OCWIB — October 11, 2016 • 22nd Annual Economic Forecast Conference with CSU Fullerton — November 2, 2016 • Economic Development Forum on International Trade — Fall 2016 • Fifth Annual Turning Red Tape Into Red Carpet Awards and Reception — November 17, 2016 • One Voice, Two Capitols Advocacy Trips Sacramento, CA — Feb. 29-March 1, 2016 & Washington D.C. — May 23-25, 2016 24 Featured Speakers (an abbreviated list) The Honorable Dianne Feinstein – U.S. Senate, California The Honorable Darrell Issa – U.S. Representative, CA, 49th District The Honorable Linda Sanchez – U.S. Representative, CA, 38th District Huntington Beach’s annual 4th of July parade down Main St. The Honorable Jerry Brown – Governor, California began in 1904 to commemorate the arrival of the first electric passenger train linking the area with Long Beach and LA. The Honorable Gavin Newsom – Lieutenant Governor, California Photo courtesy of Orange County Archives. The Honorable – Speaker, CA State Assembly, 78th District The Honorable Ian Calderon – CA State Assembly, 57th District The Honorable Jose Medina – CA State Assembly, 61st District The Honorable Anthony Rendon – California State Assembly, 63rd District The Honorable Mimi Walters – U.S. House of Representatives, 45th District Anna Cabellero – Secretary of Business, Consumer Services and Housing Agency Claudia Cappio – Director, State Department of Housing and Community Development Dave Cogdill – CEO, California Building Industry Association Diana Dooley – Secretary, California Health and Human Services Agency Richard Davis – President, CEO and Chairman, U.S. Bank Martha Daniel – Founder, President and CEO, IMRI Howard Gillman – Chancellor, University of California, Irvine Janet Kavinoky – Executive Director, Transportation & Infrastructure, U.S. Chamber of Commerce Gina Maire Lindsay – Executive Director, World Airports Stephen Milligan – President and CEO, Western Digital Janet Napolitano – President, University of California Executive Committee & Committee Chairs

Chair, Board of Directors Chair, Workforce Development RJ Mayer, The Mayer Corporation Richard Porras, AT&T

Chair Elect Chair, Workforce Housing Richard Porras, AT&T Shari Battle, Bank of America

Immediate Past Chair Chair, Research and Communications Laura DeSoto, Experian Steve Churm, FivePoint Communities

Treasurer Co-Chair, Legal Affairs Steve Churm, FivePoint Communities Jeffrey Reeves, Gibson, Dunn & Crutcher LLP Jon Frank, Snell & Wilmer LLP President, CEO and Secretary Lucy Dunn, Orange County Business Council Chair, Strategic Planning Laura DeSoto, Experian Chair, Membership and Investor Relations Richard Porras, AT&T Chair, OCMoves Michael Kraman, Transportation Corridor Agencies Co-Chairs, Advocacy and Government Affairs Lisa Haines, Disneyland Resort Chair, CEO Leadership Caucus Anthony Williams, The Boeing Company Thomas Phelps, Manatt, Phelps & Phillips LLP

Co-Chairs, Economic Development Chair, City Partners Juan Basombrio, Dorsey & Whitney LLP Dan Miller, The Irvine Company Rick Nogueira, JPMorgan Chase & Co.

Chair, Infrastructure Maureen Hayes, Parsons

26 Directors Robert Bein, RBF Consulting Chairman’s CEO Leadership Caucus Charles Bullock, J.D., Brandman University Richard Afable, M.D., M.P.H., Hoag Memorial Presbyterian Hospital Cathy Capaldi, MemorialCare Health Systems Joe Brennan, Fluor Enterprises Inc. Brian Calle, Orange County Register and Freedom Communications Michael Colglaizer, Disneyland Resort Les Card, LSA Associates Inc. Richard Davis, U.S. Bank Mark Costa, Kaiser Permanente Orange County Mike Flynn, Gibson, Dunn & Crutcher LLP Paul Kaufman, Chase Jodi Duva, Cox Business Orange Coast Parker Kennedy, First American Financial Corporation John Erskine, Nossaman LLP Jim Mazzo, AcuFocus Adrian Foley, Brookfield Residential, California and Brookfield Homes So. Cal. Tom McKernan, Automobile Club of Southern California Kristy Hennessey, Time Warner Cable Steven Nichols, Rutan & Tucker LLP Joe Hensley, U.S. Bank Victor Nichols, Experian Michael Hornak, Rutan & Tucker LLP Mel Rogers, PBS SoCal Hector J. Infante, Chevron Jeff Roos, Lennar Homes Jena Jensen, CHOC Children’s Dan Young, Irvine Community Development Company LLC Meryl Young, Gibson, Dunn & Crutcher LLP Darrell Johnson, Orange County Transportation Authority Dan Kelly, Rancho Mission Viejo Chair Emeritus Don Kennedy, First American Title Dick Allen, Tandem Diabetes Care Diana Kot, SchoolsFirst Federal Credit Union Stephen K. Bone, S K Bone and Associates Lori Lyons-Williams, Allergan Inc. Larry Buster, First American Title Company Les Card, LSA Associates Inc. Noel Massie, UPS, South California District Peter Case, Community Volunteer Al Mijares, Orange County Department of Education Laura DeSoto, Experian Paul O’Mara, Wells Fargo & Co. Michael Hornak, Rutan & Tucker LLP Kevin Payne, Southern California Edison Christine Iger, Esq., Iger & Associates Inc. Robbin Narike Preciado, Union Bank Steve Lenzi, Automobile Club of Southern California (ret.) Nina Robinson, Hoag Memorial Hospital Presbyterian Linda Martin, Porter Novelli Glenn Roquemore, PhD, Irvine Valley College Dan Miller, The Irvine Company Gregory Saks, Cal State University, Fullerton Julie Miller-Phipps, Kaiser Permanente Orange County Michael Schrader, CalOptima Thomas H. Nielsen, The Nielsen Company Eddie Northen, UPS, West Region Rodger Schwecke, Southern California Gas Company Thomas Phelps, Manatt, Phelps & Phillips LLP Kathy Sieck, Automobile Club of Southern California Bill Ross, Insurance Industry Charitable Foundation Mark Simons, Toshiba America Information Systems Inc. Peter Villegas, JPMorgan Chase & Co. Frank Talarico Jr., Goodwill of Orange County Wayne Wedin, Wedin Enterprises 27 Members and Investors Platinum

Gold Allergan Inc. Hoag Memorial Hospital Presbyterian Saddleback Memorial Foundation Automobile Club of Southern California JPMorgan Chase & Co. San Diego Gas & Electric Bank of America, California Lennar Homes SchoolsFirst Federal Credit Union Brookfield Homes The Mayer Corporation South Orange County Community College District CalOptima MemorialCare Health System Southern California Edison Chevron Orange Coast Memorial Medical Center Southern California Gas Company CHOC Children’s County of Orange Time Warner Cable Cox Business Orange Coast Rancho Mission Viejo LLC Transportation Corridor Agencies Dorsey & Whitney, LLP Rutan & Tucker LLP U.S. Bank Silver Abbott Medical Optics Gibson, Dunn & Crutcher LLP Orange County’s United Way Albertsons, Vons, Pavilions Golden State Water Company Pacific Symphony Angels Baseball LP Goodwill of Orange County Parsons Association of California Cities HDR Engineering Inc. Ralphs Grocery Company -Orange County Iteris Inc. RBF Consulting, A Michael Baker AT&T California John Wayne Airport International Company The Boeing Company Kaiser Permanente of Orange County Snell & Wilmer LLP Brandman University LSA Associates Inc. St. Joseph Health System California State University, Fullerton LT Global Investment Toshiba America Information Systems Inc. Cofiroute USA Majestic Realty Company Union Bank Exxon Mobil Corporation Manatt, Phelps & Phillips LLP United Parcel Service First American Title Company Nossaman LLP University of California, Irvine FivePoint Communities Inc. OC Register/Freedom Communications Wells Fargo Friendly Hills Bank Orange County Department of Education

28 Bronze ACEC Edwards Lifesciences North Orange County Community College District Aera Energy LLC The Elite OC NRG Energy Inc. - West Region Affordable Housing Access Inc. Emerson Process Management Oakley Alzheimer’s Family Services Center Farmers & Merchants Bank of Central California OHL USA Inc. Amcal Multi-Housing Inc. Fluor Corporation R.D. Olson Development American Red Cross FSB Core Strategies Orange County Association of Realtors Atkinson, Andelson, Loya, Ruud & Romo Gallade Chemical Inc. Orange County Automobile Dealers Association Barclays Capital - Public Finance GardenWalk Hotel I LLC Orange County Bar Association Best Management Construction Inc. Geosyntec Consultants Orange County Local Agency Formation BSH Home Appliances Corporation Greenberg Gross LLP Commission (OCLAFCO) Burns & McDonnell Guida Surveying Inc. Orange County Sanitation District C J Segerstrom & Sons Hewlett Packard Orange County Taxpayers Association Cadiz Inc. HNTB Corporation Orange County Transportation Authority California State University, Long Beach Horowitz Management Inc. Pacific Life Caribou Industries Inc. Hotel Irvine Pacific Mercantile Bank CDM Smith Ice Energy Parsons Brinckerhoff Center Club ICF International PIMCO Cerrell Associates ima Poseidon Water Children and Families Commission Information Management Resources Inc. (IMRI) PTS Staffing Solutions of Orange County Irvine Ranch Water District QSC Audio Products LLC City of Aliso Viejo ITT Corporation Reed & Davidson LLP City of Anaheim Jacobs Regional Center of Orange County (RCOC) City of Fullerton KB Home Related California City of Huntington Beach KCOMM Renovate America City of Irvine Kimberly-Clark Corporation RSG Inc. City of Lake Forest Kofax Inc. Scott Baugh & Associates City of Mission Viejo Langan Treadwell Rollo Segerstrom Center for the Arts City of Santa Ana Latham & Watkins Skanska City of Tustin Leighton SunPower Corporation City of Westminster Lewis Brisbois Bisgaard & Smith LLP Suzanne’s Catering & Event Planning Clearinghouse CDFI Mesa Consolidated Water District THINK Together Coast Community College District Metropolitan Water District Southern California Tiger Woods Learning Center Competitive Analytics MMFX Technologies Corporation Toyota Motor Sales, USA Curt Pringle & Associates Municipal Water District Orange County Uber Technologies Discovery Science Center National Community Renaissance of California Western Digital Corporation DMB Pacific Ventures c/o Stice & Block LLP Newmeyer & Dillion LLP Western States Petroleum Association DMI DIRECT Newport Banning Ranch LLC Willdan Group Inc.

29 Revenue and Expenses

2015 Revenue Sources

67% Investments and Dues

The majority of OCBC’s 17% Events funding comes from membership revenue. 8% Research/Other Non-dues revenue sources, 2% Economic Development Programs such as events and research, are continually 4% Government Affairs Programs being developed. 2% Workforce Development Programs

2015 Expense Allocation

General and Administrative 10% Events and Committees 21% The most important activities for OCBC Business Development & Investor Relations 15% create value for investors. Together Research 10% events, research, government affairs, Economic Development 9% economic and workforce development comprise Government Affairs 17% 66 percent of OCBC’s Communications 9% operating budget. Workforce Development 9%

30 OCBC Staff Join the Leading Lucy Dunn Vicki Blaser Voice of Business President and CEO Director of Accounting and Investor Sales Regional Economic Development Wallace Walrod, Ph.D. Delaine Moore Engage in regional economic development Chief Economic Advisor Director of Communications efforts and learn about the latest projects and initiatives. Bryan Starr Sabra Ritter Senior Vice President, Government Affairs Director of Events Business Development Larry Brose Patty Conover Develop new business opportunities and Vice President, Investor Relations and Communications & Marketing Manager enhance your network with high level Business Development business and opinion leaders. Jocelin Jimenez Alicia Berhow Economic Development Specialist Vice President, Workforce Development Coalition Building and Advocacy Betsy Boyd Learn about critical issues impacting Executive Assistant to the business and build a coalition to influence Danette Parente President and CEO elected officials that will deliver results Vice President, Finance and Administration benefiting companies and the county. Michelle Kue Office Assistant Corporate Social Responsibility Demonstrate good corporate social responsibility and leadership by investing in Orange County’s economy to preserve a high quality of life.

For membership information contact: Larry Brose Vice President Investor Relations and Business Development [email protected] I 949.476.2242 www.ocbc.org ANNUAL REPORT

2 Park Plaza, Suite 100 I Irvine, California 92614 949.476.2242 www.ocbc.org I www.LocationOC.com www.facebook.com/BizCouncil I @OC_Biz_Council