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Home My WebLink About02/29/2002, EVC LIAISON REPOR - NOTICE OF BOARD MEETING N ING AGENDA vG DATE /"= ITEM # lia® NOTICE OF BOARD MEETING DIRECTORS AGENDA Wednesday, January 23, 2002 3:00-5:00 PM Creekside Career Center 4111 Broad Street, Suite A San Luis Obispo, CA ACTION MMS: 1. Call to order Chairman Mullen VXUNCIL 0 COD DIR • Welcome ar040 0 FIN DIR • Introduction of guests 1 yEAO = FIRE CHIEF f�' ORNEY ❑ PW DIR 2. Approval of Board Minutes LERK/ORIO C POLICE CHF O PT HEAD 0 Ric DIR 3. Financial Report,Ray Johnson ® LITIL DIR M, kiln DIR • Approve Report / 4. BuyUSA Briefing—Gerald Vaughn S. City Spotlight-Rob Strong, Arroyo Grande 6. Business Spotlight—Bob Lund, Lund's 7. Executive Committee Report, Chairman Mullen • Presidential recommendation • Nominations to the board of directors 8. President's Report,Ray Johnson a. Monthly Report b. Work Plan c. February Sacramento trip. d. Prospect/Client Report—Pat MacCasland e. Loan Activity Report-Dave Mooklar 9. Activity Update Reports, Board Members RECEIVED 10. Other Business •IA�`3 2 9 2C(IZ 11. Adjournment SLO CITY COUNm Economic Vitality Corporation P.O.Boz 5257 San Luis Obispo,CA 93403 President's Weekly Update For the Period of January 14-18,2002 This report is provided to the EVC board on a weekly basis,except for the week the board meets. If you represent an organization,you may want to forward this to interested parties. If you have questions,want clarification,or have other comments,please email Ray Johnson at rjohnson(a.sloevc orr;or call 788.2013. Activity Highlights Health Care Issues(Continuedl Gale Gascho and I met this week to discuss ways the EVC might better serve the health care industry. Orale expects the industry to grow over the next few years,meaning it will be larger than 1/6 of our economy. While specific actions are still not clear,we will keep tuned to this community to see if we can be of assistance. International Trade.Consultant You will be hearing more about international trade consultant Ray Bowman,who will be helping us help small businesses expand their presence in the international trade arena. Part of his work will be funded by the TANF grant we have received. We are exploring ways to fund ongoing work in this field Cuesta College Faculty Orientation I served on a community panel fora Cuesta College Faculty Orientation program held at the North County Campus. It was a good opportunity to provide some exposure to the EVC,while meeting new faculty. There appears to be some opportunities for the EVC to work more closely with Cuesta in their intem program. I also had a short discussion with an economics teacher who is interested in seeing if we can develop a working relationship in our efforts to strengthen our economic information base. Executive Committee The Executive Committee met this week to carry out the personnel assignment given to it by the board and to bring forth nominations for board member replacements. The committee will be presenting their recommendations at our next board meeting Neat Week's Key Activities Holiday January 21"is one of the EVC standard holidays. We will be back in the offi-ce on Tuesday. Shapine San Luis Obispo The San Luis Obispo Chamber of Commerce is holding an advisory body information form on the topic of "Shaping the Future of San Luis Obispo". We will be attending to listen to the input that could also influence our future activity. BuyUSA.rnm Training The U.S.Department of Commerce will be conducting training with our staff.on the BuyUSA coni program before the board meeting next Wednesday. We will become an affiliate member of the program Jerry Vaughn,the regional director will also brief the board on the program Affordable Housing Trust Fend I am part of the leadership group for the Affordable Housing Trust Fund They will hold a meeting next week We will discuss an endorsement of the program at our board meeting,which is prior to their meeting. The EVC has consistently been in favor of programs that promote affordable housing for employees We are concerned that the details of affordable housing programs will provide workable solutions. Board Meeting Our monthly Board meeting will be held at the Creekside Center(normal venue)at 3 P.M on Wednesday, January 23nd' This is an important meeting as the board finalizes a decision on the president's position and votes for new board members. Please plan on attending if at all possible. Fishing Expedition An established high tech firm from out of state is exploring moving to California We met with them early last year. In following up aur past contacts;we found out they had been invited to explore Fresno. We reestablished the contact and they will visit San Luis Obispo next week. We have set up meeting with key people that might influence their decision. Economic Development Director's Team The EDDT meets next week and will meet principles of the above-mentioned firm. Cities should ensure someone is covering for your city. ECON Watch Tourism and Lodging This industry continues to have mixed results. It appears coastal destination facilities are staying reasonably busy. Those properties that are depending on business travelers and other transients are continuing to experience a down tura Building Industry Itis often said that the building industry leads the overall economy by 9 months. If that holds true,things are looking well for our region.. Currently the local building job market is down a little,however the industry organizations and building materials people are seeing a lot of construction projects forming out in the future,as reflected in requests for bids,permits,etc. The mild weather has helped the building activity, not only locally but also nation-wide. There are several interesting local projects in the hopper. Some will get regional attention when announced Nationally,the building industry has weathered the economic down tum well., The Wall Street Journal reports national permit activity is up,indicating future building activity. Car Market At least one local car dealer is reporting continuing brisk activity in car sales. Economic.Guessing Pundits are lining up to guess when the economic recession will be over. Claims for initial unemployment are down. The Federal Reserve Bank reports manufacturing activity in the Mrd-Atlantic up. The Undersecretary of the U.S..Department of Commerce,Kathleen Cooper reported that the economy might have bottomed out looking at indicators, however she made several caveats to her prediction such as`eve need to be very cautious." The stock market has continued to be volatile this past week IN spite of better than predicted high tech earnings reports,the DJIA was down from 9988 to 9772. When Dell Computer announced an increase in revenues and earnings expectations for the 0 quarter the market moved up but then closed down 2.9%. The University of Michigan reported a surprising improvement in consumer confidence for the fust half of January. CPI The U.S.Department of Labor announced that the Consumer Price Index(Urban)declined 0.4%in December. It has increased 1.6%over the last 12 months. During that time frame,transportation costs are down 3.8%;energy costs down 13.0%,medical care costs up 4.7%and food/beverage costs up 2.8%. Local High Tech Announcement Silicon 2.0 reported this week that Aspect Media Factory of San Luis Obispo and Moving Target Productions of Arroyo Grande have announced their merger. They will combine their operation at the Aspect Media site in San Luis Obispo.