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December 2013 California State University, San Bernardino CSUSB ScholarWorks Inland Empire Business Journal Special Collections & University Archives 12-2013 December 2013 Inland Empire Business Journal Follow this and additional works at: https://scholarworks.lib.csusb.edu/iebusinessjournal Part of the Business Commons Recommended Citation Inland Empire Business Journal, "December 2013" (2013). Inland Empire Business Journal. 207. https://scholarworks.lib.csusb.edu/iebusinessjournal/207 This Article is brought to you for free and open access by the Special Collections & University Archives at CSUSB ScholarWorks. It has been accepted for inclusion in Inland Empire Business Journal by an authorized administrator of CSUSB ScholarWorks. For more information, please contact [email protected]. Volume 25 Number 12 December 2013 $2.00 www.busjournal.com MAIL T O: BUSINESS JOURNAL • PAGE 2 December 2013 Yucaipa closes on acquisition of Fresh & Easy duce a retail format in In December 2012, Tesco Yucaipa Companies has the United States that said it was conducting a experience in the retail sec- was smaller, easier to strategic review of the Fresh tor. Past investments by the navigate than the & Easy format because the company include Food 4 stores of larger retail- chain was not delivering an Less, Ralph’s Grocery Co., ers and able to deliver acceptable shareholder Dominick’s Chicago and fresh foods to con- return. In April 2013, the The Great Atlantic & Pacific sumers at an afford- retailer said it planned to sell Tea Co. able price. Fresh & Easy and exit the U.S. market. Private investment firm Yucaipa Companies L.L.C. has acquired Fresh & Easy Neighborhood Market from London-based Tesco P.L.C. Yucaipa on Nov. 22 and received approval from the U.S. Bankruptcy Court for the District of Delaware to go ahead with the transac- tion, which is being financed with a $120 million loan by Tesco. Yucaipa said it plans to build Fresh & Easy into a “healthy convenient food experience,” providing con- sumers with more local and healthy access for their daily needs. In addition, Fresh & Easy’s existing infrastruc- ture offers a “tremendous” foundation from which to build even stronger capabili- ties to provide the highest level of freshness and con- venience available, Yucaipa said. As part of the transac- tion, Yucaipa netted 150 Fresh & Easy stores, a distri- bution center and a produc- tion plant in Riverside, Calif. Four thousand Fresh & Easy employees also will transfer to the new business. James Keyes, former chief executive officer of 7- Eleven Inc., has been hired to design a successful strate- gy for Fresh & Easy. He also negotiated the deal with Tesco. Tesco launched the Fresh & Easy concept in 2007. The company’s goal was to intro- December 2013 BUSINESS JOURNAL • PAGE 3 Volume 25 Number 12 December 2013 $2.00 www.busjournal.com AT DEADLINE Judge Denies Motion to Jettison SEC Special Fraud Case Against Victorville HHS Awards $30,646,193 Sections in Affordable Care Act U.S. District Judge John Kronstadt on Nov. 14 denied defense The Good Ol’ Boy Decline: Funds to California motions to dismiss the Securities and Exchange Commission’s 8 Tips to Help Women Take Over charges that the city of Victorville, its airport authority and Assistant the C-Suite Health Centers to Page 9 City Manager Keith Metzler defrauded investors with a 2008 munic- Expand Access to Care ipal bond offering. Building a Skilled Small Business Grants support primary care in On April 29 the Securities and Exchange Commission (SEC) Workforce in the Inland Empire 46 California communities; filed a suit against Victorville, the Southern California Logistics Page 27 serve more than 333,187 addi- Airport Authority and Metzler, who in addition to his role as assis- Phenix Technology tional Californians tant city manager is also the executive director of the airport author- A Manufacturer of Firefighter The U.S. Health and Human ity. In its complaint, the SEC alleges those entities made misrepre- Helmets Services (HHS) Secretary sentations to the purchasers of bonds, the proceeds from which were Kathleen Sebelius announced intended to assist in the development of Southern California $30,646,193 in grant awards to Logistics Airport. support 46 new health center The airport authority was formed by the city of Victorville to sites in California. These funds, facilitate the conversion of the former George Air Force Base, which made available by the was shuttered by the Department of Defense in 1992, into a civilian Affordable Care Act, will help airport. The Southern California Logistics Airport Authority, which Page 14 continued on page 38 has as its board of directors all five continued on page 11 Waste-by-Rail: Regional Benefits VS. Local Challenges The problem of municipal integrated waste-by-rail sys- have the capacity to receive more capacity in landfills than waste—and how to dispose of tem—the first of its kind in the and ship double that amount. projected due to the recession, it—is becoming increasingly state. The intermodal facility This project is a critical Los Angeles County’s popula- critical in California. Like will transfer containers of non- part of a program to replace tion is projected to increase by many areas in the country, the hazardous municipal solid the dwindling options for local over 600,000 by 2020. With state is faced with the closure waste from trucks to trains so landfills with regional land- the economy and population of several of its local landfills they can be sent to the fills. And though the project’s on the upswing, it is only a over the next decade, but it is Mesquite Regional Landfill in broad-reaching benefits make matter of time before other clear that new local landfills Imperial County. Garbage it worth pursuing, there are landfills reach their capacity. are no longer an option in trucks bring waste from the local challenges—air quality, The construction of the system areas of increasing urbaniza- community to the Puente Hills noise, and traffic issues—that is already complete, so it can tion. And community opposi- Materials Recovery Facility will affect the surrounding res- begin operating whenever it is tion makes local landfill devel- (PHMRF), where recyclable idential communities. finally needed. opment nearly impossible. and hazardous materials are Another benefit of the Though it is not an optimal separated from the municipal REGIONAL BENEFITS PHIMF and waste-by-rail sys- solution, there can be environ- solid waste that goes to the One of the regional bene- tem is that they will cause sub- mental advantages to shipping landfill. The municipal solid fits of the PHIMF will be that stantially less regional air con- waste to regional landfills in waste is loaded into rail con- it implements the waste-by-rail tamination than simply truck- more remote areas if the sys- tainers, which are hauled by system before Los Angeles ing the refuse to the Mesquite tem is properly devised. hostler trucks to the PHIMF— County’s landfills reach maxi- Regional Landfill. It would Sanitation District No. 2 of practically next door—where mum capacity. In 2008, take 182 long-haul trucks to Los Angeles County (LACSD) the containers are loaded by LACSD projected that local carry the 4,000 tons of con- constructed a precedent-set- crane onto rail cars. The landfill capacity would fall tainerized solid waste that can ting project on a 17.2-acre PHIMF will initially receive short by about 1,800 tons per be handled by a single train. property at Pellissier Place in up to 4,000 tons per day of day under the best-case sce- That many trucks would emit a the City of Industry. The containerized waste from the nario and 4,900 tons per day much greater amount of air Puente Hills Intermodal PHMRF and ship it on one under the worst case after the pollutants, including the smog- Facility (PHIMF) will be an train daily to the Mesquite closure of the Puente Hills producing combination of essential component of a fully Regional Landfill, but it will Landfill. Although there is continued on page 10 BUSINESS JOURNAL • PAGE 4 December 2013 INDEX News and Features Columns The Good Ol’ Boy Decline: 8 Tips to Help Women Close-Up. 6 Take Over the C-Suite Vickie Milazzo argues that every coporation can benefit from a touch of estrogen Real Estate Notes. 7 and the feminine qualities associated with it. The almost constant changes to the way we communicate, 2014 Salary Guides. 7 interact, innovate, and do business are setting up an opportunity-filled future for women. 9 Investments and Finance. 8 Knowledge ISN’T Power: How to Stop Gathering Women in Business. 9 Info, Weighing the Evidence, Chasing New Ideas…. and Just Execute Already! Moran and Lennington’s Financial Column. 12 new book, “The 12 Week Year,” offers a new way to think about time and how you use it. In a nutshell, Corporate Profile. 14 plan your goals in 12-week increments rather than 365 day years. 18 Restaurant Review. 17 Obamacare Shopping for Christmas: Eric Tyson Time Management. 18 Answers 10 FAQs From Americans Who Got the Dreaded Cancellation Letter If your health Health Care. 23 insurance has been canceled, you’re likely feeling anything but festive this holiday season. Financial Managing Bookshelf. 25 counselor Eric Tyson answers questions he’s hearing and offers advice on how to cope with the stress and The Lists: confusion of health insurance shopping. 23 Business Brokerage Firms in the Inland Empire. 28 Low-Tech Holiday Gifts the Grandkids Will Computer Column. 34 Remember Many grandparents don’t enjoy giving their grandkids tech gifts during the holiday season. New Business Lists: They want to give something their grandkids will County of Riverside.
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