Greater Irvine Chamber of Commerce
Our mission is to advance the economic vitality of greater Irvine.
Our mission is to advance the economic vitality of greater Irvine.
City of Hope, a world-renowned independent research and treatment center for cancer, today revealed plans to invest more than $1 billion to develop and support a new comprehensive cancer campus at FivePoint Gateway in Orange County, accelerating highly specialized cancer care, phase I-III clinical trials, and precision medicine and early detection to the nation’s sixth most populous county. This unprecedented initiative in Orange County is part of City of Hope’s commitment to speeding pioneering treatments and scientific breakthroughs to the people who need them today. “City of Hope is dramatically expanding to provide a cancer network of unparalleled scale for this community; It will be a nexus of service, science, and care,” said Robert Stone, president and CEO, City of Hope. “It is made possible by our partnership with FivePoint Holdings and a strong community of philanthropic supporters in Orange County and beyond, who stand shoulder to shoulder with us in our determination to eradicate cancer.” Last year, City of Hope and FivePoint announced their partnership to build a $200 million, 73,000-square-foot cancer center in FivePoint’s Great Park Neighborhoods by 2025. As planning progressed, FivePoint and City of Hope expanded their vision for the Great Park as a model community of the...
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Throughout California, local cities and counties continue to pass minimum wage ordinances and other employment laws relating to paid sick leave and criminal background checks. On July 1, 2019, several local minimum wage rates will increase, and two new local minimum wage ordinances will go into effect. Minimum Wage Increases The following cities and county will increase their minimum wage on July 1 to: Berkeley: $15.59/hour. Emeryville: $16.30/hour for businesses of all sizes (except for Small Independent Restaurants). City of Los Angeles: $14.25/hour for employers with 26 or more employees; $13.25/hour for employers with 25 or fewer employees. County of Los Angeles (unincorporated areas only): $14.25/hour for employers with 26 or more employees; $13.25/hour for employers with 25 or fewer employees. Malibu: $14.25/hour for employers with 26 or more employees; $13.25/hour for employers with 25 or fewer employees. Milpitas: $15/hour. Pasadena: $14.25/hour for employers with 26 or more employees; $13.25/hour for employers with 25 or fewer employees. San Francisco: $15.59/hour. San Leandro: $15/hour. Santa Monica: $14.25/hour for employers with 26 or more employees; $13.25/hour for employers with 25 or fewer employees. Note: Eligibility rules may vary based on different locations. New Minimum Wage Ordinances Two other cities have enacted a new minimum wage ordinance that goes into effect July 1, 2019: Alameda: $13.50/hour. Fremont: $13.50/hour for employers with 26 or more...
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Today, the U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal for the sixth consecutive year, awarding 25.05 percent in federal contract dollars to small businesses totaling $120.8 billion, an increase from the previous fiscal year of nearly $15 billion. The Fiscal Year 2018 Small Business Federal Procurement Scorecard marks the first time more than $120 billion in prime contracts has been awarded to small businesses. Overall, the federal government earned an “A” on this year’s government-wide scorecard. “I’m happy to report that for the first time in history the federal government has awarded more than $120 billion in federal contracts and marked the sixth year in a row exceeding our target milestones for small businesses,” said Acting Administrator Chris Pilkerton. “Through these businesses, we strengthen the economy and support the American workforce in the process. For example, the federal prime and subcontract awarded to small businesses in FY18 equate to more than one million jobs created. Every contract that gets in the hands of a small business is a win-win for our nation, the entrepreneurs, their employees and the communities they support all across the country.” FY2018 Small Business Federal Procurement Scorecard: The individual agency scorecards...
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California job growth continued apace in May, buoyed by expanding opportunities in tourism, technology, and construction. State payrolls rose by 19,400 positions last month, on top of a revised gain of 46,000 the month before, according to data released by California employment officials. Year over year, the Golden State added jobs at a 1.6 percent rate, the same as the nation as a whole. California’s unemployment rate was 4.2 percent, the same as a year earlier, but slightly below April’s 4.3 percent rate. The U.S. unemployment rate held at 3.6 percent in May. “California is still one of the top-performing economies in the United States,” said Christopher Thornberg, the founder of Beacon Economics, a Los Angeles research firm. “For all the headlines about a potential recession and worries about the financial market and worries about trade, you don’t see this in the data.” However, the “paltry” 0.7 percent growth of the state’s labor force over the last year could hamper growth going forward, he said. The labor force figure includes both people with jobs and people looking for work. Job growth has slowed in California in recent years because of the housing supply crisis, Thornberg said. “People are not moving to California because we are...
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