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How Will a Trump Presidency Affect the Local Economy?

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How Will a Trump Presidency Affect the Local Economy? 1_LBBJ_Nov22_2016version_LBBJ 11/19/16 8:23 PM Page 1 November 22-December 5, 2016 Long Beach’s Newsmagazine www.lbbizjournal.com Business Spotlight How Will A Trump Presidency P2S Engineering See Story On Page 16 Affect The Local Economy? Long Beach Business Leaders Weigh In I By SAMANTHA MEHLINGER Duane Kenagy, Health Care Quarterly Senior Writer Interim Chief Executive Technology And Reconstructive Surgery Port Of Long Beach Medicare Coverage • Drug Costs ollowing the election of See Stories Starting On Page 18 he Port of Long Beach is a F Donald J. Trump as the next just experienced. I am the eternal major economic engine – president of the United States, the T optimist, so am I expecting instant with trade that generates more than Long Beach Business Journal chaos? On Capitol Hill, maybe, $5 billion in tax and revenue con- reached out to Long Beach area but in our day-to-day business tributions each year and sustains business leaders representing a va- world here in Long Beach? No. 30,000 jobs in Long Beach. It's too riety of industries and asked: We are going to stay the course. soon to determine what impacts What are your thoughts on how We have equipment that needs up- President-lect Trump’s presidency Kent (left) and Kevin Peterson grew up in the Long Beach area, and have operated the Trump presidency will impact grading and we are continuing will have on the local economy. their business, P2S Engineering, here since it was founded 25 years ago. The two the local economy? These are their with that. We have a product line We will monitor and stay engaged are very active in the Long Beach community, and have served on various non- responses. we want to expand and we will profit boards in the area. (Photograph by the Business Journal’s Larry Duncan) on policies of interest to the port in- continue with that. We will con- dustry. We look forward to working tinue to take care of our customers The Path To Long Beach’s Economic Blueprint with the new administration to sup- – that’s priority one. As specifics port infrastructure investments, ad- are ironed out in Washington, we vance U.S. exports and to further I By BRANDON RICHARDSON The commission was formed at study and compile Long Beach- will adjust accordingly as we have secure our nation's seaports. I Staff Writer the beginning of 2015 by Mayor specific data so the commission with other legislative changes. But Robert Garcia and was tasked to could better understand the city’s only when we know specifics will Hilda Sanchez, President ast month, the Long Beach examine the city’s economy and current economy. we know what changes to make. I Minuteman Press L Economic Development make policy recommendations to In September 2015, Beacon was Commission established focus the council to foster economic awarded the $100,000 contract, usiness always involves a John Molina, CFO areas to be the foundation of its growth. However, before the which included a two-phase proj- B lot of unknowns. Certainly, Molina Healthcare forthcoming economic blueprint. group could delve deeply into the ect. Phase one, which was pre- the change in administration adds e don’t foresee the blueprint, the minimum wage hike sented to the commission in to the unknowns, especially after W Trump presidency hav- City Cannot discussions began, which the (Please Continue To Page 10) the unusual election campaign we (Please Continue To Page 3) council asked the commission to Enforce State weigh in on. This was followed by Small Business Attempts To Keep Up With Online Trends a request to look into the prospec- Minimum tive customs facility at Long I By BRANDON RICHARDSON to increase by more than 1% by Cross-Channel Retail Forecast, Beach Airport. Staff Writer 2018, according to business2com- 2015 to 2020.” In its report, For- Wage Laws “Right now, we are on a very munity.com. This puts the United rester predicts total sales will in- $700,000 Allocated aggressive schedule from now ear after year, online shop- States at number eight in the world crease to $523 billion by 2020. until March focused on the eco- Y ping continues to be in- For This Purpose To Be for total online sales. Online retail sales are domi- nomic blueprint,” Randal Hernan- creasingly popular among While 7.1% of sales in 2015 nated by giant corporations such Reconsidered At Tonight’s dez, chair of the commission, said. American shoppers. Currently, may not seem significant, it ac- as Amazon.com Inc., Wal-Mart City Council Meeting “The big piece we were waiting about 7.7% of all retail sales trans- counted for $335 billion in trans- Stores Inc. and Apple Inc., which for was the Beacon Economics re- actions are completed online, up actions, according to a Forrester are the top three e-commerce re- I By SAMANTHA MEHLINGER port. Beacon was analyzing data from 7.1% last year and expected Research Inc. report titled “U.S. (Please Continue To Page 12) Senior Writer that had never been able to be uti- lized before by economists, which he Long Beach City Coun- is California Economic Develop- T cil voted on September 6 to ment Department data.” allocate $700,000 for community According to Hernandez, previ- outreach about the state’s mini- ous economic data for the City of mum wage law and wage theft, Long Beach was always lumped and to fund two new wage en- into the Los Angeles Standard forcement investigation positions. Metropolitan Statistical Area and Since that vote, the city attorney Components data and had to be has determined that it is not extracted, which was difficult and within the city’s purview to en- didn’t always provide the best in- force the state minimum wage law sight. In December 2015, Beacon (Please Continue To Page 10) Economics began a project to Long Beach Business Journal PRSRT STD 2599 E. 28th Street, Suite 212 U.S. POSTAGE Signal Hill, CA 90755-2139 PAID 562/988-1222 • www.lbbizjournal.com Los Angeles, CA PERMIT NO. 447 Focus On Bixby Knolls Councilman Al Austin, right, and Blair Cohn, executive director of the Bixby Knolls Business Improvement Association, en- courage Long Beach residents and guests to visit Bixby Knolls and the nearly 800 shops, restaurants and professional services located between approximately the 405 Freeway to the south and 46th Street to the north, and Atlantic Avenue to the east and Long Beach Boulevard to the west. One of its signature events is the popular “First Fridays. Art Walk. Shop. Dine,” held the first Friday of each month from 6:30-9:30 p.m. (Photograph by the Business Journal’s Larry Duncan) See Story Beginning On Page 27 1_LBBJ_Nov22_2016version_LBBJ 11/19/16 8:23 PM Page 2 This Edition’s Inside This Issue Advertisers 3 Newswatch Aquarium of the Pacific .............................................4 & 15 • Impact Of Trump Presidency On Local Economy, from Pg 1 Baba Ghanouj...................................................................32 • What? When? Where? Weed. Big E Pizza.........................................................................15 • Boeing Shifts 1,600 Jobs To L.A. County, Including Long Beach Bixby Executive Center.....................................................33 • City Cannot Enforce State Minimum Wage , from Pg 1 Bixby Knolls Business Improvement Association .............28 • The Path To The Economic Blueprint, from Pg 1 Bixby Knolls Car Wash......................................................33 • John Keisler To Head Up City’s Economic Development Efforts Boulevard Cadillac............................................................37 • Business Interests Say Federal Bill Needed To Slow ADA Lawsuits Brascia Builders, Inc. ........................................................21 • Small Businesses And Online Trends, from Pg 1 Brix at the Shore ................................................................6 • Ports Release The Clean Air Action Plan Discussion Document Buono’s Pizzeria .................................................................6 • Port Of L.A., GTE Unveil Digital Portal Pilot Project To Track Goods Bustamante, George/Warshauer, Steve/ • Port of Long Beach Awards $538,750 To Community Groups Jacques, Cameron – CBC BLAIR WESTMAC ...................15 • L.B. Harbor Commission Okays Pedestrian/Bike Path, Other Projects C.S.I. Patrol Service ..........................................................29 California State University, Long Beach, College of Continuing and Professional Education.........................23 Business Spotlight: P2S Engineering Cambrian Homecare ........................................................23 16 Catalina Express .................................................................7 Chronic Tacos .....................................................................4 City of Long Beach, Department of 18 Health Care Quarterly Financial Management, Purchasing Division..................6 • Legislators Struggle To Reign In Rising Drug Costs Dignity Health, St. Mary Medical Center .........................20 • Technology And The Future Of Reconstructive Surgery Derek Twells Insurance Agency........................................31 • Medicare Experts Advise Signing Up For Coverage Early E. J. Malloy’s.....................................................................32 • HealthWise: E-Cigarettes, A Healther Alternative? Not Quite Eye Physicians of Long Beach...........................................21 • CSULB Department Of Health: Election Jitters In Health Care First Bank .........................................................................31 For The Child ....................................................................31
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