pico rivera chamber of commerce

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Many economic statistics for the nation turned sideways or up during the past summer months, a definite improvement over the dismal reports of last winter and spring. Reflecting the underlying trends, the government's initial estimate of gross domestic product (GDP) in the third quarter came in at a +3.5 percent annual rate, a welcome change following four quarters of decline. Progress was widespread in the third quarter, though not yet universal. Consum- er spending, exports, residential investment and government spend- ing all increased. Collectively they contributed +4.9 percentage points to third quarter GDP growth. Private-sector inventories were re- duced by an estimated $131 billion last quarter, a somewhat slower pace than in the spring quarter. This change had the effect of add- ing +0.9 percentage points to the economy's growth rate. However, on the downside, reduced business spending for new plant, equipment and software and higher imports sliced -2.2 percentage points from GDP growth last quarter. Inflation Trends Favorable In a bit of positive news, recent trends on the inflation front have continued generally favorable. Ex- cluding food and energy, consumer inflation rates are running at about 1.5 percent. However, energy prices, which had declined mark- edly from the highs set a year ago, increased over the summer. Recent crude oil prices have reached the $75/ barrel to $80/barrel range, compared with under $50/barrel in March. In California, regular gasoline is priced around $3/ gal- lon, well below the mid-2008 peak of almost $4.60/gallon, but above the $2.20/gallon common this past spring. California Economy Still Weak California's economy continued to weaken during the past quarter, though the downturn has slowed. The state lost at least 940,300 non- farm jobs between December 2007 and September 2009, a distressing figure. About 85,000 jobs dis- appeared in the July-September quarter, but this was smaller than the first quarter plunge of 252,300 jobs. California's unemployment rate rose to 12.2 percent in Sep- tember 2009 from 7. 8 percent in September 2008 and 5.9 percent in December 2007. The latest job- less reading was the highest since World War II. Other broad-based indicators also paint a gloomy picture. Personal income earned in California decreased by -3.3 percent during second quarter 2009 compared to second quarter 2008 (latest data available). A year earlier that figure was +3.2 percent. This has been the first three-quarter decline in personal income since quarterly data were recorded. Problems in the state's construction, manufacturing and finance sectors accounted for much of the drag on the state's earn- ings growth. Taxable sales have weakened substantially since early 2007. By second quarter 2009, the estimated year-to-year decline had fallen well into double digits. Sales Official Publication of the Pico Rivera Chamber of Commerce • December 2009 • www.picoriverachamber.org The Business Journal “GOLDEN BUSINESS OPPORTUNITIES” Transition in Pico Rivera City Council [l-r] Pico Rivera Councilman David Armenta, Mayor Pro Tem Bob Archuleta, Mayor Gregory Salcido and new Councilman Gustavo Ca- macho at the transition in Council Chambers at the regular meeting this past December 8. Photo courtesy of Oscar Castillo. Steven's Steakhouse Hosts Chamber's Annual Holiday Lunch See ECONOMY Page 7 [l-r] Omar Martinez, Chamber Treasurer Cheryl Romero, Pico Rivera Sheriff's Lt. Steve Sanchez Pico Rivera Councilman Bob Archuleta (raffle basket winner, Archuleta donated to Lt. Sanchez), Chamber Administra- tive Assistant Elena and Chamber President Alex Saulus. Photo courtesy of Oscar Castillo. By Brian Hews The history of Steven's Steak- house goes back to the early 50's when the famous restaurant was known more as a roadhouse stop., offering terrific steaks and drinks to tired travelers going north and south on the I-5 and from Firestone Blvd. It has been there so long and is so well liked that they named the street it is on after the restaurant. CalChamber Economic Advisory Council Report Trend Slows in California While U.S. Economy Begins to Improve Much has changed since then and, given the turnout and en- thusiasm at their latest gathering, the same can be said for the Pico Rivera Chamber of Commerce. Over 100 members, guests and city dignitaries were present for the annual Chamber Christmas party at Stevens, and, as Mayor Greg Salcido said during his opening remarks, it was the first time that See LUNCH Page 4 El Rancho High School's El Rancho Choraleers entertained members and guests with many holiday songs. Photo courtesy of Oscar Castillo. Upcoming Events: Business Round Table: Pico Rivera Recycle Water Program A Mi Hacienda Restaurant January 21, 2010 11:30 to 1:30 State of The City February 4, 2010 Time: TBA Casino Night with $10,000 Drawing February 18, 2010 A Mi Hacienda Restaurant Chamber Annual Golf Tournament April 1, 2010 California Country Club

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Pico Rivera Chamber of Commerce

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Page 1: Pico Rivera Chamber of Commerce

Many economic statistics for the nation turned sideways or up during the past summer months, a definite improvement over the dismal reports of last winter and spring.

Reflecting the underlying trends, the government's initial estimate of gross domestic product (GDP) in the third quarter came in at a +3.5 percent annual rate, a welcome change following four quarters of decline. Progress was widespread in the third quarter, though not yet universal. Consum-er spending, exports, residential investment and government spend-ing all increased. Collectively they contributed +4.9 percentage points to third quarter GDP growth. Private-sector inventories were re-duced by an estimated $131 billion last quarter, a somewhat slower pace than in the spring quarter. This change had the effect of add-ing +0.9 percentage points to the economy's growth rate. However, on the downside, reduced business spending for new plant, equipment and software and higher imports sliced -2.2 percentage points from GDP growth last quarter. Inflation Trends Favorable

In a bit of positive news, recent trends on the inflation front have continued generally favorable. Ex-cluding food and energy, consumer inflation rates are running at about 1.5 percent. However, energy prices, which had declined mark-edly from the highs set a year ago, increased over the summer. Recent crude oil prices have reached the $75/ barrel to $80/barrel range, compared with under $50/barrel

in March. In California, regular gasoline is priced around $3/ gal-lon, well below the mid-2008 peak of almost $4.60/gallon, but above the $2.20/gallon common this past spring.California Economy Still Weak

California's economy continued to weaken during the past quarter, though the downturn has slowed. The state lost at least 940,300 non-farm jobs between December 2007 and September 2009, a distressing figure. About 85,000 jobs dis-appeared in the July-September quarter, but this was smaller than the first quarter plunge of 252,300 jobs. California's unemployment rate rose to 12.2 percent in Sep-tember 2009 from 7. 8 percent in September 2008 and 5.9 percent in December 2007. The latest job-less reading was the highest since World War II. Other broad-based indicators also paint a gloomy picture. Personal income earned in California decreased by -3.3 percent during second quarter 2009 compared to second quarter 2008 (latest data available). A year earlier that figure was +3.2 percent. This has been the first three-quarter decline in personal income since quarterly data were recorded. Problems in the state's construction, manufacturing and finance sectors accounted for much of the drag on the state's earn-ings growth. Taxable sales have weakened substantially since early 2007. By second quarter 2009, the estimated year-to-year decline had fallen well into double digits. Sales

Official Publication of the Pico Rivera Chamber of Commerce • December 2009 • www.picoriverachamber.org

The Business Journal“GOLDEN BUSINESS OPPORTUNITIES ”

Transition in Pico Rivera City Council

[l-r] Pico Rivera Councilman David Armenta, Mayor Pro Tem Bob Archuleta, Mayor Gregory Salcido and new Councilman Gustavo Ca-macho at the transition in Council Chambers at the regular meeting this past December 8. Photo courtesy of Oscar Castillo.

Steven's Steakhouse Hosts Chamber's Annual Holiday Lunch

See ECONOMY Page 7

[l-r] Omar Martinez, Chamber Treasurer Cheryl Romero, Pico Rivera Sheriff's Lt. Steve Sanchez Pico Rivera Councilman Bob Archuleta (raffle basket winner, Archuleta donated to Lt. Sanchez), Chamber Administra-tive Assistant Elena and Chamber President Alex Saulus. Photo courtesy of Oscar

Castillo.

By Brian Hews

The history of Steven's Steak-house goes back to the early 50's when the famous restaurant was known more as a roadhouse stop.,

offering terrific steaks and drinks to tired travelers going north and south on the I-5 and from Firestone Blvd. It has been there so long and is so well liked that they named the street it is on after the restaurant.

CalChamber Economic Advisory Council Report

Trend Slows in California While U.S. Economy Begins to Improve

Much has changed since then and, given the turnout and en-thusiasm at their latest gathering, the same can be said for the Pico Rivera Chamber of Commerce.

Over 100 members, guests and

city dignitaries were present for the annual Chamber Christmas party at Stevens, and, as Mayor Greg Salcido said during his opening remarks, it was the first time that

See LUNCH Page 4

El Rancho High School's El Rancho Choraleers entertained members and guests with many holiday songs. Photo courtesy of Oscar Castillo.

Upcoming Events:Business Round Table: Pico Rivera Recycle Water Program A Mi Hacienda RestaurantJanuary 21, 201011:30 to 1:30 State of The City February 4, 2010Time: TBACasino Night with $10,000 Drawing February 18, 2010A Mi Hacienda RestaurantChamber Annual Golf Tournament April 1, 2010 California Country Club

Page 2: Pico Rivera Chamber of Commerce

2 PICO RIVERA BUSINESS JOURNAL • DECEMBER 2009 TO ADVERTISE CALL 800-901-7211

Pico Rivera Chamber of Commerce

PO Box 847Pico Rivera, CA 90660

(562) 949-2473, Fax (562) 949-8320 [email protected]

Executive Committee

President Alex Saulus

HealthFirst Medical GroupVice President

Jose Medina Funeraria Del Angel/Morrow

Vice President Jim Osborn

Whittier FertilizerTreasurer

Cheryl Romero Preferred BankPast PresidentKoko Judge

Director of Sales,Crowne Plaza Hotel at the

Commerce Casino

Board of Directors Sylvia Southerland

SouthernCalifornia EdisonOmar Martinez Farmers Insurance

Von Stroff Extra Space StorageSergio Quinones Cobe Chemical LabsAdrian Lechuga

A Mi HaciendaBill Kalpakoff

Cal Met Inc.Oscar Mendoza

Rubio's Mexican Grill Victor Caballero

Mid Valley Yellow CabRay Chavez

Friends of the Pico Rivera Libraries

Dr. Liza DimarananPico Rivera Optometric Center

Wesley KruseKruse Properties

Staff

Elena Ramos Administrative Assistant

Business JournalTo place an ad in the

Business Journal call 562-407-3873 for rates or visit

www.loscerritosnews.net and click on Pico Rivera Chamber Media Kit.

Advertisers must submit artwork two weeks prior to publication date. Artwork must be submitted in pdf,

tiff, or jpeg format at 300 dpi.

2009 Publication datesJuly 20, Aug 24, Sep 21, Oct 19, Nov 16, Dec 14

Message from the PresidentThis is a great time of the year.

The Christmas carols, the lights, decorations, the parties, good food

and spend-ing time with friends and family.

My Christ-mas shopping is done and now I can take some time to relax. As I sit in my favorite chair

I can’t help but reflect on this past year. I try to evaluate what I have accomplished, what I could have

done differently this past year.One thing for sure is that I have

benefited this past year with my in-volvement with our local Chamber of Commerce. I have also had the opportunity of serving as the Presi-dent.

I have met some really great people, had the opportunity to share my business with others (network-ing) and met other business own-ers. I have also had the opportunity to work closely with our local City representatives. More importantly I have gotten out of my comfort zone, I have been exposed to things I would have never known about, met people that otherwise would

Alex Saulus

REMEMBER TO GIVE this Holiday Season to help poor and suffering souls in our community. Your gift today will let someone in desperate need know they haven't been forgotten

YES, I Want to help provide food, shelter and Holiday joy for needy people In our community:

$30 for Holiday family food box

$35 to help provide toys for needy children

$50 to help feed and shelter a hurting family. $____ to help as much as possible.

NAME

ADRESS

CITY/STATE/ZIP

Please send your tax- deductible gift to: Santa Fe Springs Corps

P.O. Box 2157 12000 E. Washington Blvd Whittier, Ca. 90610-2157

562.696.9562 Donate Online at :

www.salvationarmy-santafesprings.org

have never crossed by path, ex-changed experiences that I can learn from and along the way gained more confidence personally.

When you make your TO DO list for 2010 jot down Join the Pico Rivera Chamber of Commerce on your list. Get out of your comfort zone and expose yourself to some-thing different. You will be amazed what a great experience it can be.

On behalf of the Pico rivera-Chamber of Commerce, this Holi-day Season may your home be filled with laughter, good food and surrounded by good friends and family.

The Pico Ri-vera Chamber of Commerce has assisted businesses in the community

since its founding in May, 1958. Its first priority is to help members be suc-cessful in business.

The Chamber represents Pico Rivera businesses and all local tax-payers at every level of government by supporting beneficial legisla-tion and opposing unnecessary or detrimental legislation.

Excessive government regula-tions must be opposed and an eco-nomic climate maintained so that existing businesses will continue to invest their resources in the hope of making a profit.

Helping to resolve problems and focusing on the opportunities of the competitive market place contin-ues as the historic function of the Chamber of Commerce.Chamber Services The Chamber, through its commit-tee structure, provides a number of

Take Advantage of Chamber Servicesservices, including:• Advertising Campaigns • Referral Services• Grand Openings• Business Community Beautifica-tion Awards• Business Publication • Maps• Directories• Business Development Work-shops & Seminars

As a chamber member you can count on receiving quality service & support for your business. Your Chamber will provide you with: • New Member Listing in The Business Journal (monthly publica-tion) • Classified & Alpha List-ing in the online Business Direc-tory• Networking Contacts & Social Opportunities via Participation in Committee Meetings • Membership Luncheons• Business Mixers & Special Events • Referral Service• Coordination of Business Oppor-tunities • Small Business Management Seminars

• Free Business Counseling via SBA SCORE Program • Digest of California Labor Laws• Industrial Directories • Certificates of Origin • Groundbreaking & Grand Open-ing Ceremonies • Marketing Information• Real Estate Listing Information • Resource Library

The Chamber makes this all work by acting as an umbrella over the committees in achieving its goals and objectives.

The active participation and involvement of its members, on various committees, is part of the strength found within the Chamber. We invite you to take advantage of your membership and become actively involved.

vera Chamber vera Chamber

since its founding since its founding

FREE AD in the

Business JournalBecome a chamber

member and get a free ad and a 200 word description of your business.

562-407-3873.

Page 3: Pico Rivera Chamber of Commerce

PICO RIVERA BUSINESS JOURNAL • DECEMBER 2009 3TO ADVERTISE CALL 800-901-7211

The Newspaper for Active SeniorsThe Newspaper for Active Seniors

Healthy Living is the only area newspaper dedicated to the interests and Healthy Living is the only area newspaper dedicated to the interests and Healthy Livinglifestyles of active seniors residing in Los Angeles and Orange Counties.

You can find Healthy Living in community and senior centers, active senior Healthy Living in community and senior centers, active senior Healthy Livingliving residences, VFW & American Legion Posts, city halls, bookstores, public libraries, pharmacies, select CVS, Walgreens, retail outlets, restaurants, banks, the waiting rooms of doctors offices, and more.

Active seniors represent a growing and powerful segment of the American population, and as such, they deserve their own locally-oriented publication. You will find articles on travel, fitness, self diagnosis techniques, finances, legislation, where to dine out, healthy recipes, and more.

Healthy Living will also spotlight and applaud active seniors who serve Healthy Living will also spotlight and applaud active seniors who serve Healthy Livingothers and their communities.

Inaugural edition publishing February 2010.For information call 562.407.3873

Page 4: Pico Rivera Chamber of Commerce

4 PICO RIVERA BUSINESS JOURNAL • DECEMBER 2009 TO ADVERTISE CALL 800-901-7211

many city personnel and all council members were present together at any event.

Salcido drew a similarity be-tween the council lunch gathering and the successful direction the Pico Rivera Chamber is going (and growing). "It is a new day…a new beginning, and we will support the chamber in any way possible to ensure its growth and health. We are here to assist in any way; a

vibrant and growing Chamber of Commerce is good for business, good for the tax base which is ob-viously good for the city”, Salcido

said. “I think a lot can be said for the attendance and gathering of city officials here today”. Indeed, sitting at the table with him were councilmen Dave Armenta, Bob Archuleta, Gustavo Camacho, City Manager Chuck Fuentes, and As-sistant City Manager Jeff Prang; a true testament to the city’s support of the chamber.

Chamber President Alex Sau-

lus agreed with Salcido about the chamber’s new-found momentum, “we are heading in the right direc-tion, we have turned the corner so

to speak. We’ve got a new office, new infrastructure, a great publi-cation in the Business Journal to help publicize our members and the chamber, and recently have signed up over 40 new members, couple that with the tremendous support from the city and business community, and obviously we are very happy and look forward to a prosperous and busy 2010”.

After the opening remarks,

guests were treated to a great lunch (chicken, shrimp and, of course, steak) and a concert by the Choir from El Rancho High School

singing among many other, such favorite Christmas songs as Silent Night and Jingle Bells.

The chamber would like to thank our sponsors: Table Sponsors CalMet Services Inc, Credit Union of Southern California, and the City of Pico Rivera. Entertainment was sponsor by TLC Promotions and the El Rancho Choraleers.

LUNCHContinued from page 1

Advertise to over 1,400 Pico Rivera Area Businesses and Chamber Members!

The Pico Rivera Business Journal is direct mailed to every business in Pico Rivera.A PDF version is uploaded online at the Pico Rivera Chamber and Business Journal websites.

Also hand delivered to over 30 businesses, City Hall, and the Sheriff's Department.

For information call 562.407.3873

[l-r] Lt. Steve Sanchez of Pico Rivera Sheriff's, Koko Judge Director of Sales, Commerce Casino, Ray Chavez, city of Pico Rivera.

[l-r] Chamber Treasurer Cheryl Romero and President Alex Saulus.

Workers’ Compensation Launches “Bring ‘em Back” Campaign

Campaign aims to educate small employers about money available to bring employees back to the job or keep them working following an injury

The Division of Workers’ Com-pensation (DWC) has launched a campaign to help small employers bring their employees back to work or keep them working following workplace injuries. The “Bring em Back” campaign provides the specific information small employ-ers need, in a user-friendly Web site, to apply for reimbursement for purchases they make to help employees stay working while they recover.

According to the RAND Cor-

poration, a non-profit think tank, both employers and injured work-ers benefit when employees return to work quickly following a work-place injury. That’s why the work-ers’ comp reforms implemented in 2004 placed the emphasis on pro-viding injured workers with sound medical treatment and getting them back to work as soon as possible.

It’s also why the state developed an incentive program that helps small employers accomplish this goal by providing up to $2,500 in reimbursements for dollars spent on workplace modifications that bring an injured employee back to the job.

Specifically, any employer with fewer than 50 full-time employ-ees, whose employee was injured on the job after July 1, 2004, may qualify for reimbursement of up to $1,250 for workplace modifications that bring a temporarily disabled

employee back to work· $2,500 for workplace modifi-

cations that bring a permanently disabled employee back to work

Reimbursement can be for any of the following expenses, provided they are prescribed by a physician or are reasonably required by work restrictions laid out in a medical report:

(1) Modification to the work site(2) Equipment(3) Furniture(4) Tools(5) Any other necessary costs

reasonably required to accommo-date your employee's restrictions.

Some examples of purchases the state has provided reimbursement for include:

· A platform and extended eye-piece for a biological analyst

· Custom knee pads for a tile setter

· A computer keyboard tray

and document holder for an office administrator.

While there are some restric-tions in the program, getting reim-bursement is as easy as filling out a few short forms and providing receipts.

In addition to providing reim-bursement for purchases that bring an employee back to work or keep them on the job, the state’s return to work experts are available to provide consultations and presen-tations for employers or employer organizations on the subject.

Questions? Contact the Return to Work Reimbursement Program at (510) 286-6990 or [email protected].

On the Web at www.dwc.ca.gov. Click the “Bring ‘em Back” link in the right navigation pane.

Page 5: Pico Rivera Chamber of Commerce

PICO RIVERA BUSINESS JOURNAL • DECEMBER 2009 5TO ADVERTISE CALL 800-901-7211

Rio Hondo College President Dr. Ted Martinez Jr. announced yesterday that Rio Hondo College’s New Homeland Security Training Center will receive $300,000 from the federal spending bill signed by President Obama on December 17, 2009. The federal funds are part of fiscal year 2010's authorization supporting efforts to strengthen Homeland Security programs throughout the nation. According to Martinez, “This new appropria-tion greatly enhances the potential of our regional training facility and Fire Academy based in Santa Fe Springs, and our ability to further leverage the facilities funding pro-vided by Measure A approved by district voters. This is great news for the College and the region we serve.”

Joe Santoro, Dean of Public Safety, said, “The $300,000 will be used to install stadium lighting for the Center to provide 24-hour disaster and terrorism training for all first responders, the purchase of a Wildland Fire Engine and other Center support facilities.” Santoro said “Our goal is to have the fin-est Homeland Security Training Center in the nation. This $300,000 will help us meet that goal by pro-

viding the best training for all first responders, day and night!”

Rio Hondo College is home to the state's largest community college-based Public Safety pro-gram that includes a Police Acad-emy, Fire Academy, Wildland Fire Academy and the newly construct-ed Regional Homeland Security Training Center. Rio Hondo Col-lege also offers associate degrees in Administration of Justice, Correc-tions, Fire Technology, and Wild-land Fire. Certificate programs include forensics and emergency medical technician (EMT) in addi-tion to public safety.

Rio Hondo Colleges has been a recognized leader in training police and fire service personnel for over 40 years. In 2008, the California Commission on Peace Officer Standards and Training (POST) named Rio Hondo College the best in “Excellence in Training for Organizational Achievement” in California.

Rio Hondo College Board Presi-dent Angela Acosta Salazar said, “Representatives Grace Napolita-no, Gary Miller, and Adam Schiff provided valuable leadership in ob-taining this funding. Their ability to work together, discuss the merits

of the project with their commit-tee members, and advocate to their colleagues on the House floor were all critical in securing this funding. Rio Hondo College is extremely grateful to each of these fine legis-lators for all of their effort.”

Rio Hondo College's Public Safety programs primarily serve Los Angeles County. However, public safety officers also come to the college from throughout of southern California for training. Los Angeles County is classified as a Tier 1, High-Threat urban area, and has long been in need of a re-gional training center to coordinate a multitude of training courses that include police, fire services, EMT, search and rescue, public works and civil planners.

Currently, training and pre-paredness in response to all haz-ards and threats are fragmented because of various municipalities, by nature, have their own public safety services and protocols. This lack of coordination, interoperabil-ity, and training leaves Angelinos and Southern Californians at risk of terrorist attacks, earthquakes, wildfires and flooding.

Rio Hondo College acquired a three acre site next to the Fire

Academy in Santa Fe Springs to accommodate the Regional Home-land Security Training Center. In partnership with the Santa Fe Springs Fire and Rescue Depart-ment, more than $400,000 of ad-vanced training props, funded with Urban Area Security Initiatives (UASI) funds, have been housed at the Center, continuing the Col-lege's long standing partnerships with more than 56 fire departments and 86 law enforcement and EMS agencies

The Rio Hondo College Re-gional Homeland Security Training Center will be the model training grounds for the other approved UASI sites in Los Angeles County and the nation.

Located in Whittier, California, Rio Hondo College is a collab-orative center of lifelong learning which provides innovative, chal-lenging, and quality educational offering - including programs and courses leading to transfer and vocational degrees and certifi-cates - for its diverse students and community. For information on the College or its programs, please call 562-692-0921 or visit www.riohondo.edu.

Quarterly Net Income of $19.3 mil-lion, highest in company history

CVB Financial Corp. (NASDAQ:CVBF) and its sub-sidiary, Citizens Business Bank, announced record results for the third quarter of 2009. The Com-pany reported net income of $19.3 million for the third quarter of 2009. This represents the highest quarterly net income in the history of the Company.

Net income of $19.3 million reflects an increase of $1.8 million, or 10.66%, compared to net income of $17.5 million for the third quar-ter of 2008. Diluted earnings per common share were $0.10 for the third quarter of 2009, a decrease of $0.11, or 49.43%, from diluted earnings per common share of $0.21 for the third quarter of 2008. Due to the repayment of TARP preferred stock, current-quarter diluted earnings per common share reflected a one-time, non-cash

reduction in net income applicable to common stockholders of $7.6 million, or $0.07 per share.

"We are very pleased to report these outstanding results for the third quarter, particularly in these challenging times, said Chris My-ers, President & CEO. “Our net income increased 21.82% sequen-tially, our deposit growth (includ-ing customer repos) increased $943.6 million year-over-year, or 26.53%, and our overall credit quality remains sound.�

Net income for the third quar-ter of 2009 produced a return on beginning common equity of 15.30%, a return on average com-mon equity of 12.77% and a return on average assets of 1.17%. The efficiency ratio for the third quarter was 52.44%. Excluding the provi-sion for credit losses and the gain on sale of securities, the efficiency ratio was 47.37%. Operating ex-penses as a percentage of average assets were 1.81%.

Members in the News

Citizens Business Bank (VB Financial Corp.) Reports Record Results for Third Quarter 2009

Rio Hondo College Regional Homeland Security Training Center in Santa Fe Springs Receives $300,000

The Whole Child, formerly known as Intercommunity Child Guidance Center, invites all chamber members to a ribbon cutting/open house on Tuesday, January 19 at 4 pm. Charlene Dimas-Peinado, CEO explained the reason for the ribbon cutting: “We recently completed a process of re-clarifying our mission, vision and core values. As a result, we chose to adopt a new name, “The Whole Child.” This name honors a 52-year legacy of helping children attain emotional well-being and creating positive outcomes in their lives, “wholeness.” Our growth has been made possible by many generous donors over the years. At this ribbon-cutting, we will unveil a donor wall honoring our donors—

our partners—for using philanthro-py to make a meaningful difference in children’s lives.

The Whole Child offers a full range of emotional and behavioral health services, as it has since 1957. Building on its legacy, the agency has grown to provide individualized mental health services to nearly 7,000 children each year.

“We would like to express our thanks to the community for all your support during this economic downturn. We serve all children, re-gardless of ability to pay. The rib-bon cutting will take place at 10155 Colima Road in Whittier. R.S.V.P. to Cynthia Nickell, 562-692-0383, [email protected] or www.thewholechild.info.

The Whole Child Ribbon Cutting/Open House Tuesday Jan. 19, 4 pm Market Your Business &

Yourself!FREE

Quarter Page AD!

($250 Value) in the

Business JournalBecome a chamber member and get a free ad

and a 200 word description of your business.

562-407-3873.

Page 6: Pico Rivera Chamber of Commerce

6 PICO RIVERA BUSINESS JOURNAL • DECEMBER 2009 TO ADVERTISE CALL 800-901-72118 PICO RIVERA BUSINESS JOURNAL • JUNE 2009 TO ADVERTISE CALL 800-901-7211

SHOPSHOPPICOPICOPICOPICOPICOPICORIVERARIVERARIVERA

Invest in our city.Invest in our city.Invest in our city.Invest in our city.Invest in our city.Invest in our city.Invest in our city.Invest in our city.

Support local businesses. Support our community.Support local businesses. Support our community.For your free Shop Pico Rivera coupon bag, call the Chamber of Commerce at 562.949.2473.For your free Shop Pico Rivera coupon bag, call the Chamber of Commerce at 562.949.2473.

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Los Cerritos Community Newspaper Group can handle your direct mail project from design to distribution. Whether you need to mail a postcard, an invitation, or a product catalog, we are experienced with postal regulations and

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Los Cerritos Community Newspaper Group can handle your direct mail project from design to distribution. Whether you need to mail a postcard, an invitation, or a product catalog, we are experienced with postal regulations and

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Los Cerritos Community Newspaper Group can handle your direct mail project from design to distribution. Whether you need to mail a postcard, an invitation, or a product catalog, we are experienced with postal regulations and

discount opportunities, so we can find the most cost-effective solution for your mailing project. We have over twenty years of experience in the direct mail industry, so we can guide you through the

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Work on a multi-agency storm water and recycled water pipeline construction project began today at the intersection of Paramount Boulevard and Mines Avenue.

The project, which is being su-pervised by the County of Los An-geles Department of Public Works (LADPW), is a cooperative water conservation effort between the LADPW, the City of Pico Rivera, the County Flood Control District, the Southern California Water Re-plenishment District (WRD), and the Central Basin Municipal Water District (CBMWD).

To reduce traffic impacts, work at the intersection will take place only from 9 a.m. to 3 p.m. A Los Angeles County inspector will be on site during construction and may be contacted by dialing (626) 458-3122 to address any concerns regarding the work.

The project is being constructed along Mines Avenue in Pico Ri-vera. In order to save a significant amount of money and reduce inconvenience to the public, the project will install two separate pipelines simultaneously in a single trench.

Construction of the project will proceed in several phases, with the first phase to take place along Mines Avenue from Paramount

Boulevard to Manzanar Avenue The remaining three phases will

occur from Manzanar Avenue to Rosemead Boulevard, Rosemead Boulevard to Passons Boulevard, and Passons Boulevard to the San Gabriel River Spreading Grounds. Completion of project is expected in September 2010.

Access to homes will not be re-stricted during construction. Work will generally occur on weekdays from 7:00 a.m. to 3:30 p.m. As noted, work at Paramount and Mines will take place from 9 a.m. to 3 p.m. while work along Rose-mead will occur between 10 p.m. and 7 a.m.

The first of the two pipelines, the San Gabriel River Coastal Spreading Grounds Pump Sta-tion Pipeline, is a 78-inch concrete pipe connecting the San Gabriel River and Rio Hondo Spreading Grounds. The Spreading Grounds are used to collect local storm water runoff, imported water and highly treated recycled water that then percolates from the surface into the aquifers below ground, be-coming what’s known as ground-water.

Having the ability to move water between the two spread-ing facilities will allow WRD to ensure as much water as possible

is captured and used to “recharge” the groundwater supplies. By increasing the amount of usable groundwater, WRD can reduce the amount of water that needs to be imported to meet the local demand for drinking water.

The second line, consisting of much-smaller 8-inch iron pipe, will be used to transport recycled water for irrigating schools, parks, medi-ans and other public landscaping.

This pipe will eventually tie into CBMWD’s Southeast Water Reli-ability Project (SWRP), a 12-mile long pipeline extending from Pico Rivera through Montebello and southeast Los Angeles County that will move recycled water through-out the region.

Bringing recycled water into the community is the single most effective way to conserve the lim-ited supply of drinking water. It is also a way to control overall water costs because recycled water is less expensive to purchase

City on the MovePipeline Construction Underway at Intersection of

Paramount Boulevard and Mines Avenue

City Adds Bus Stop Cleanup To Street Sweeper Contract

The City Council unanimously

approved adding bus stop cleanup

to a street sweeping contract with

Nationwide Environmental Ser-

vices.

The council also approved a

seven-year "evergreen" component

to the contract, meaning if the city

ends the contract early, would have

another seven years guaranteed

from the date of termination.

The city has used Nationwide

since 1992 and pays Nationwide

almost $173,000 annually, accord-

ing to the contract, which expires

in 2017.

www.picoriverachamber.

org

Page 7: Pico Rivera Chamber of Commerce

PICO RIVERA BUSINESS JOURNAL • DECEMBER 2009 7TO ADVERTISE CALL 800-901-7211ment trends in most office-based industries. Many firms are re-ducing headcount and vacating or subleasing space. Vacancies are highest and rising in Ventura County (25. 4 percent), the Inland Empire (23.6 percent), San Diego (21.6 percent), the San Francisco Peninsula (19.9 percent), Sacramen-to (19.7 percent), Orange County (19.4 percent) and San Jose (19.1 percent). Farther behind but still high, are Oakland (16.9 percent), Los Angeles (15. 6 percent) and San Francisco (15.4

ECONOMYContinued from page 1

Free H1N1 Flu Vaccinations

AltaMed Health Services will be offering free H1N1 vaccinations to high-risk individuals. Those who qualify include:

•Pregnant women•Persons living with or caring

for children younger than 6 months old

•Working in the health care or emergency medical fields

•Are between the ages of 6 months and 24 years old

•Are living with chronic health problems or a compromised im-

declines have been most severe for California's motor vehicle deal-ers, followed by building materials dealers, household furniture and appliance stores. Sales of gasoline stations also have declined due to lower fuel prices. Though the rate of deterioration may be slowing, the ongoing weakness in personal incomes, corporate profits and taxable sales threatens the state's operations, as tax revenues contin-ue to come in below expectations. The budget package passed in July included several one-time "fixes," and there are concerns about loom-ing deficits in the coming fiscal year. In any event, the decisions taken to date constrain the state's ability to support the economy as well as state-funded activities of local governments and school districts. Employment Decline

Employment performance among the state's industries was mostly negative over the 12 months to September. On the plus side, the only major sectors with higher job counts were health care and social assistance, the state govern-ment and the federal government. Job counts fell in all other major sectors. Employment declined the most in California's construction, manufacturing, retail trade, ad-ministrative and support services, and leisure and hospitality sectors. Together, firms in these five indus-tries reduced payrolls by 495,000 workers, while other sectors report-ed smaller declines. Water Concerns

Water is a serious concern across the state. The recent string of dry years-including 2008- 2009-has left storage at very low levels in California's water systems and the Colorado River area. The State Water Project and the Central Val-ley Project both restricted deliver-ies in 2008 and 2009. Water that must transit the Delta faces further severe cutbacks. The near-term outcome depends on a new Delta fish plan still being developed by the U.S. Department of Fish and Wildlife, but water allocations to parts of the Bay Area, Southern California and the San Joaquin Valley are likely to be reduced significantly. Already, mandatory reductions in urban water use have been implemented. The Legisla-ture has passed and the Governor has signed a package of water bills to help resolve the state's water problems. Full implementation will require voter approval of $11 billion in new bonds to pay for the necessary improvements. The supply of electricity in Cali-fornia should be adequate in the near term, as industrial demand has weakened in the recession. However, electricity prices are moving sharply higher, reflecting the utilities' costs associated with mandated investments to reduce their environmental footprints and to improve their distribution networks.

Commercial Sector Troubles California's commercial real

estate markets also have devel-oped deep fissures. Specifi-cally, availability rates have risen markedly over the past year, and external development funding has virtually disappeared. The situa-tion is most problematic for retail, office and industrial space. Retail sales have declined, and retailers' access to financing has been lim-ited by the credit crunch. Several chains have declared bankruptcy or closed down altogether, and this trend is expected to continue in the near term. With most lenders unwilling to commit new funds for commercial real estate development, construction of new retail space is plunging. Even so, vacancies are surging and rents are dropping because so many stores are closing down. Most areas in California are experienc-ing higher retail vacancies. The biggest problems appear to be in Riverside-San Bernardino and ar-eas where large amounts of retail construction took place in recent years. Office Space Demand Falls Demand for office space also has fallen, reflecting weaker employ-

mune system and are between 25 and 64 years old

There will be 1,000 H1N1 vaccines available at each of the following events. Saturday, Jan. 9, 2009 – 8:00 am to 12:00 pm

AltaMed Senior BuenaCare Pomona – 5425 E. Pomona Blvd., Los Angeles, CA

Saturday, Jan. 16, 2009 – 8:00 am to 12:00 pm & Sunday, Jan. 17, 2009 – 10:00 am to 2:00 pm AltaMed Adult Day Health Care Center El Monte 10418 Valley Blvd., El Monte, CA Saturday, Jan. 23, 2009 – 8:00 am to 12:00 pm Sunday, Jan. 24, 2009 – 10:00 am to 2:00 pmAltaMed Adult Day Health Care Center Golden Age 3820 Martin Luther King Jr. Blvd., Lynwood, CA Please call (877) 462-2582 for more information.

Market Your Business &Yourself!

FREE Quarter Page AD!

($250 Value) in the Business Journal

Become a chamber member and get a free ad and a 200 word description of

your business.

562-407-3873

Page 8: Pico Rivera Chamber of Commerce

8 PICO RIVERA BUSINESS JOURNAL • DECEMBER 2009 TO ADVERTISE CALL 800-901-7211

A Reminder Worth Repeating.

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