Investor Spotlight- July 2015

80 businesses and 461 jobs saved!

As the fiscal year comes to an end, The Valley Economic Alliance (TVEA) wrapped up it’s Layoff Aversion program, that offers one on one assessments, solutions and alternatives to layoffs.

The business assistance team at the Alliance personally met with and assisted 80 businesses within the Los Angeles region and saved 461 jobs! The team focused on restaurants regarding issues with the recent minimum wage increase, less than A health department ratings, Americans with Disabilities Act compliance, cost containment, and on-the-job training programs.

For the past 4 years, TVEA has joined forces with the Los Angeles County Economic Development Corporation and the Los Angeles Workforce Investment Board to offer confidential and complimentary consultations to San Fernando Valley businesses. This work is performed via contracts with the County and City of L.A., saving thousands of local jobs each year.

TVEA Benefits and Incentives

The Valley Economic Alliance is here to support business and community needs in our five city region, including Burbank, Calabasas, Glendale, Los Angeles and San Fernando. We are your resource to thrive, grow and succeed in uncertain economic times.

Below are some of the many new membership benefits we have to offer:

  • Access to OTJ (On-the-Job) training reimbursement program. If you have existing employees that need additional job training, you could get financial reimbursement for a portion of their salary for up to 3 months.
  • DOL (Department of Labor) program which will provide a reimbursement of any new hire’s hourly wage of up to $30.00/hr for 400 hours. This is for all types of engineers and architect positions.
  • ADA (American Disabilities Act) tax credits and incentives up to $20,000.
    Energy efficient machinery state of CA tax credits.
  • Interest-free micro loans for small businesses, emergencies, education, healthcare, etc.
  • National Emergency Grant.
  • ETP (Employment Training Panel) training funds are used to support for-profit employer-customized job-specific training delivered to full-time California employees.
  • Quick turnaround on business loans paid back through your business credit card transactions.
  • Hire quality recent returning veterans.
  • Get cash back for recycling your old computers, printers, etc.
  • Free consultations and recommendations on reducing your utility bill.
  • Market your business by getting exhibit booths – Valley Business Expo; Valley Health & Career Fair; Honor a Hero, Hire a Veteran Job and Resource Fair.

The Valley Economic Alliance is unlike any other organization. We are your business resource organization, that helps make the Valley a great place to work, live and play. For more information on becoming a member of The Valley Economic Alliance and availing yourself of these incredible benefits, please contact Jacqui Matsumoto at 818-379-7000 or

“Honor a Hero-Hire a Vet” Job and Resource Fair

Save the Date for the 10th Annual “Honor a Hero-Hire a Vet” Job and Resource Fair, happening Thursday, October 22 at the Warner Center Marriott Hotel. Co-hosted by the Employment Development Department, this event is the largest veteran job and resource fair in California.

Visit for employer and sponsorship opportunities

Visit for last year’s sold out fair.

Investor Spotlight

Joshua B. Gerson, Senior Vice-President,
Beitler Commercial Realty Services

Joshua Gerson is a top producing commercial real estate agent for Beitler Commercial Realty Services. In just the past three years alone, he has closed over $111 million of real estate value, making him one of the most successful agents in their Sherman Oaks office and in the Beitler company as a whole.

Following in the path of his father, Stan Gerson, Joshua is wrapping up his 19th year in the business. His current professional projects involve real estate transactions ranging throughout the entire San Fernando Valley, including both sales and leasing.

Being a third generation Los Angeles native seems to add to his love for our city, and fosters in him a continued purpose to see local businesses continue their expansion. Joshua has joined The Valley Economic Alliance to continue doing his part in helping the community.

Joshua also works with the Marina Del Rey Anglers, a organization which introduces at-risk youth to fishing as well as growing and releasing fish to enhance the local fishery.

For more information, visit

TVEA In the News:
Rocket Engine Maker in Orbit Over Mars Mission

By Mark R. Madler, San Fernando Valley Business Journal

The Aerojet Rocketdyne Holdings Inc. campus in Chatsworth is about to get a huge boost from NASA’s planned multibillion-dollar mission to send a man to Mars.

The government space agency has chosen the company’s RS-25 engines that provided lift for the space shuttle as the primary source of propulsion for the Space Launch System, a new heavy-lift rocket that will take astronauts first to the moon and then on to the red planet.

The rocket-engine maker has already delivered 16 RS-25s to NASA for testing, enough to power the first four flights of the new heavy rocket – but those are modified versions of engines originally built for the space shuttle program. Aerojet Rocketdyne expects that building new versions of the engine will eventually account for half of the work for the 1,300 technicians, engineers and others employed at the plant…

…The importance of Aerojet Rocketdyne to the Valley’s economy cannot be overstated. Kenn Phillips, the chief executive of The Valley Economic Alliance, a business attraction and retention organization in Sherman Oaks, said some of the smartest people in the nation are found at Los Angeles area aerospace companies, Aerojet Rocketdyne among them.

“The high paying, high-end manufacturing jobs create disposable income for cars, retail products, restaurant meals and other activities that in turn create more jobs,” Phillips said. Supplying a large program like the Space Launch System can mean a trickledown of work to local companies.

“The subcontracts for these types of jobs are large and they can go to local companies,” said Phillips, who worked at Rocketdyne when it was owned by Boeing.

Read Full Article Here

Affordable Care Act Update with Bolton & Company

Bolton & Company’s Chief Compliance Officer John Garner, and Vice President Paul Palkovic presented “Affordable Care Act Update: What Employers Need To Do Now”, on Thursday, June 11, 2015 at New Horizons. Presentations included a detailed look at Affordable Care Act reporting and compliance.

Garner specializes in compliance, health care reform, the Health Insurance Portability and Accountability Act (HIPAA), the Consolidated Omnibus Budget Reconciliation Act (COBRA), and the Employee Retirement Income Security Act (ERISA). He helps clients with life, health, and disability benefits, cost containment, flexible benefits, and claim consulting. He can be reached at

Palkovic works closely with Owners, CFOs and Human Resources professionals to help them understand the Affordable Care Act and the financial impact it will have on their companies. He can be reached at

City Council Votes To Approve CityLink LA Request

Kenn Phillips presented the “Big Data” project at the City Link LA meeting at LA City Hall on June 10, 2015. The Los Angeles City Council approved a Request for Participants (RFP) to identify one or more providers to commit to deploying advanced wireline and wireless networks that can provide one gigabit broadband speed or more to residences and businesses. The RFP asks proposers to provide a free level of service, including free basic wireless services, and to complete build-out within the next five years.

The RFP was issued as part of CityLinkLA, the long-term initiative led by Mayor Eric Garcetti and City Councilmember Bob Blumenfield to ensure that every Angeleno can access advanced communications networks that provide high-speed, high quality broadband connections to the Internet, where Angelenos live, work and play, indoors and outdoors. The RFP received unanimous approval from Los Angeles City Council following remarks from supporters including Kenn Phillips of The Valley Economic Alliance andNorma Fernandez of EveryoneOn, a national non-profit organization dedicated to closing the digital divide.

See Coverage of Meeting Here

On The Job Training Program

The On-the-Job training program (OJT) provides reimbursements to employers to help compensate for the costs associated with skills upgrade training and loss of production for newly hired employees. OJT training can assist employers who are looking to expand their businesses and who need additional staff trained with job specific skills. OJT employers may receive up to 50% of the wage rate of OJT trainees to help pay personnel training costs.

The OJT program is designed to make it more affordable to Hire and Train new employees:

You Hire

  • You decide who to hire
  • Your company’s HR policy and payroll procedures apply
  • You determine the job description and job performance standards

You Train

  • You use your own methods to teach new skills necessary to hire the trainee into permanent employment
  • Training is conducted at your place of business
  • OJT is an ideal training method because it’s planned, organized, and conducted by you

We Pay

  • We reimburse directly to your company up to 50 percent of a trainee’s gross wages at the completion of the training program
  • OJT is an ‘Earn as you Learn’ program operated by WIOA
  • We provide on-going support and assistance to the employer and trainee

TVEA In the News:
Heinz closing Chatsworth Plant

By Gregory J. Wilcox, Los Angeles Daily News 

In another blow to the San Fernando Valley’s manufacturing base, H.J. Heinz Co. is shuttering its Chatsworth condiment plant and laying off 145 workers, the company said Friday.

“After an extensive review of our company’s North American supply chain, capabilities and capacity utilization, Heinz has made the difficult but necessary decision to close our Chatsworth Portion Control facility,” said Michael Mullen, senior vice president for corporate and government affairs, in a statement.

The plant, at the northwest corner of Dearborn Street and Lurline Avenue, manufactures single-serve cup and pouch condiments and sauces, as well as bulk sauces and dressings.

The wind-down will occur in “a staged process” over the next two months. Production at the Chatsworth factory will shift to plants in either Mason, Ohio, or Jacksonville, Fla., Mullen said, as those facilities share the same manufacturing process and capabilities.

The move is part of a series of cost-cutting moves Heinz is making in advance of its merger with Kraft Foods Group, which was announced in March. The merger will create the third largest food and beverage company in North America and the fifth largest in the world, Heinz said. The combined company will be named the Kraft Heinz Company and be co-headquartered in Pittsburgh and Chicago.

…Kenn Phillips, president of The Valley Economic Alliance, said he gets several calls a month from out-of-state companies interested in the 184,000-square-foot Nestle building. He thinks the size of the Heinz property, which is located in the middle of a light industrial area, will generate interest. “This is the type of location that does not come on the market often anywhere, especially in the Valley,” he said. “Food or cosmetics companies would work there very well.”

Source: Daily News

Dick Van Patten, 2006 Star of the Valley

Dick Van Patten, 86, actor, entertainer and 2006 TVEA Valley of the Stars Gala & Awards Honoree, passed away on Tuesday, June 23, 2015 in Santa Monica, of complications from diabetes.

Born in New York, the veteran entertainer began his career as a model and child actor, making his Broadway debut in 1935 at the age of seven, billed as “Dickie Van Patten.” He would go on to appear in 27 other Broadway plays, acting alongside such giants as Melvyn Douglas, Tallulah Bankhead and, for three years, as the son of Alfred Lunt and Lynn Fontanne in “O Mistress Mine.” Van Patten’s greatest TV success was as Tom Bradford, on ABC’s “Eight is Enough,” that aired from 1977-1981.

An animal enthusiast, he co-founded Dick Van Patten’s Natural Balance Pet Foods in 1989 as well as founding National Guide Dog Month, which began in 2008 to raise awareness and money for nonprofit guide dog schools in the United States.

Visit for a compilation of Van Patten’s achievements from the 2006 awards gala.

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