November 16, 2017

VICA Wishes You A Very Happy Thanksgiving! 
In This Issue
"As a business person, uncertainty is the worst...[the German government] doesn't know where [this Administration] is going, and that makes life very hard.

- German Consul General Hans  Jörg Neumann in Los Angeles at VICA's International Trade Committee

VICA Thanks Our Renewing Members

Gelb Enterprises

Northridge Chamber of Commerce


Save The Date

VICA After Dark 
with CA State Senator Henry Stern 
Hosted by Vitello's 
Mon., Nov. 27
5:30 - 7:30 p.m.
4349 Tujunga Avenue, Studio City 
Click  here to RSVP

Calabasas City Council Annual Reorganization Meeting 
Wed., Nov. 29
7 p.m.
Calabasas City Hall
Council Chambers
100 Civic Center Way
Click here for more information

Labor & Employment Committee Meeting
Wed., Dec. 6
8:30 - 10 a.m.
VICA Office 
16600 Sherman Way, Suite 170, Van Nuys
Click here to RSVP

Entertainment Committee Meeting 
Sponsored by Pacific Federal, LLC
Thur., Dec. 7
8:30 - 10 a.m.
VICA Office
16600 Sherman Way, Suite 170, Van Nuys
Click here to RSVP

VICA's 68th Annual Meeting
Fri., Dec. 8
11:30 a.m. - 2 p.m.
Warner Center Marriott
21850 Oxnard St, 
Woodland Hills
Click here to RSVP

Land Use Committee Meeting
Tue., Dec. 12
8 - 10 a.m.
The Garland
4222 Vineland Ave., North Hollywood
Click here to RSVP

Hot Issues
The state's budget is in good shape to weather a moderate recession according to projections from the Legislative Analyst's Office, which shows the state could finish its 2018-19 budget year with more than $19 billion in reserves. 

 While the nation has lost more than a million good-paying jobs, researchers have found that there is a restructuring underway, as new positions don't require a bachelor's degree have been created in California and elsewhere. 

Labor & Employment
Southern California's labor shortage means local businesses continue to hand out above-average raises. Wages in the region rose by 3.2 percent in the past year.  

The median multiple (average house price divided by average salary) is 10.4 in the San Fernando Valley, compared to 3.2 national average, according to California Lutheran University's Dr. Matthew Fienup. The Study was presented at the San Fernando Valley Business Journal's Economic Forecast this week.

Between 2010 and 2015, Californians slashed their water use 17 percent. But despite the savings, Californians still use more water than residents of many East Coast states, about 110 gallons per person per day.  

The state's bullet train authority acknowledged that it would not complete environmental documents until 2020, long past the original deadline that envisioned 119 miles of track built this year and a starter system operating by 2022.

Land Use 
On Tuesday, VICA President Stuart Waldman attended a hearing to voice support for Providence Tarzana Medical Center's Reimagined Project. The project is scheduled to go before the City Planning Commission on January 25, 2018. 

International Trade
VICA has expressed support of NAFTA to the Administration, as NAFTA talks are picking up mostly where they left off a month ago. Cabinet-level officials responsible for NAFTA from all three nations said they'll skip attending the talks, the latest sign that reaching a deal isn't imminent. 

On Thursday, VICA staff joined The Los Angeles County Chief Sustainability Office for their #SustainLACo Kick off event. The office will begin the process for a countywide sustainability plan. 
VICA Adopts Guiding Principles on 
Federal Tax Reform

Yesterday, the U.S. House of Representatives passed H.R. 1, the Tax Cuts and Jobs Act. VICA has written to our representatives in the House and the Senate to express our strong concerns about certain aspects of the proposal. Although VICA supports the intent of the federal tax reform proposals to empower businesses to compete globally and drive forward the American economy, we do not support the proposals as currently drafted. They disproportionately place the burden of paying for corporate tax decreases on the backs of California families. VICA is especially concerned about the elimination of the state and local tax (SALT) deduction for state income taxes, and the elimination of tax-exempt status for private activity bonds (PABs), which are critical to investment in infrastructure and affordable housing. As the Senate version has significant differences from the House version, we hope there is opportunity for our Congressmembers and Senators to make tax reform work for California families and businesses. 

California State Senator
Henry Stern

Monday, November 27, 2017
5:30 - 7:30 p.m.
Vitello's, 4349 Tujunga Ave., Studio City

California State Senator Henry Stern is a sixth-generation Californian and native of  Senate District 27. Prior to his election, Stern worked as a senior policy advisor to former California State Senator Fran Pavley.  Senator Stern has also lectured at UCLA and UC Berkeley, and is an alumnus of Harvard University and UC Berkeley Law. He sits on the Elections and Constitutional Amendments; Environmental Quality; Energy, Utilities and Communications; Judiciary; and Natural Resources and Water Committees.

Join VICA members and guests for hosted drinks and appetizers as they meet and interact with other prominent business leaders in the community. VICA After Darks are complimentary to VICA members.   
Purchase Tickets for VICA's 68th Annual Meeting today!
New City Ordinance Takes Cost-Effective Approach to Alleviate Homeless Issue
VICA supports the Permanent Supportive Housing (PSH) Ordinance, which would streamline the approval process for projects that include 100% affordable units, with at least 50% set aside for homeless residents. Projects would be required to be linked to onsite or offsite supportive services. Currently, only 300 PSH units are constructed annually. According to the City of Los Angeles' Comprehensive Homeless Strategy, a total of 1,000 PSH units should be constructed every year in order to house the City's homeless population. Producing more PSH units will help a greater number of individuals experiencing homelessness receive services such as mental health treatment, addiction therapy, and vocational training. This is a far more cost-effective response to homelessness than other alternatives. Cost studies in six different states and cities found that supportive housing results in direct public system savings due to the reduction of tenants' use of expensive homeless shelters, hospitals, emergency rooms, jails and prisons. The ordinance is scheduled to go before the City Planning Commission on December 14
Committee Report
German Consul General Hans J örg Neumann, Jeffery Daar (Daar & Newman), and Committee Sponsor Claudette Moody (WSP-USA). 
International Trade Committee (11/13)
Sponsored by  WSP USA

The German Consul General for Los Angeles, Hans Jörg Neumann, joined the International Trade Committee for a frank and wide-ranging discussion on US-German relations, and the role of California on the world stage. The discussion was sponsored by 

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