October 23, 2018
HB Business News: Air Show flies in the right direction
The HB Business News runs every Tuesday in the Chamber Preview and is posted to the Chamber's Facebook and Twitter pages. All videos are produced by Matt Liffreing, Marketworks Video.

News
The Trump administration is expected to propose guidelines for its ‘opportunity zone’ program for investors to receive tax incentives for developing in low-income areas. The bipartisan program was part of the recent tax reform law. Under the program, investors will be able to roll capital gains from an unrelated investment into a zone and defer those capital-gains taxes until the end of 2026, allowing taxes to be reduced by as much as 15 percent if they hold onto these investments for a certain amount of time. Investors can avoid the taxes on the capital gains from investing in the opportunity zones by holding on to them for at least 10 years. Source: Department of Treasury

Uber is developing a short-term staffing business to offer 1099 independent contractors for events and corporate functions. Dubbed Uber Works, the service would provide waiters, security guards and other temporary staffers to business partners. Uber has been working on the project for several months in Chicago, after first trialing the project in Los Angeles. Source: Financial Times / TechCrunch  

American Airlines and Los Angeles World Airports (LAWA) have officially broken ground on a $1.6 billion renovation of terminals 4 and 5 at Los Angeles International Airport (LAX). The project is to be done in phases with completion targeted before the 2028 Los Angeles Summer Olympics. It will initially be financed by American, but LAWA will reimburse the airline for most of the work as part of the carrier's lease agreement. Source: Press Release

The number of job openings in the U.S. rose slightly to a record 7.14 million in August, reflecting strong growth in the economy and the best labor market in decades. The jobs still waiting to be filled, meanwhile, easily exceeded the number of people officially classified as unemployed. The government previously said 6.23 million people were unemployed in August. Job openings increased in government, construction, financial services, health care and professional services. Source: Labor Department/JOLTS 
Upcoming Ribbon Cuttings
Wednesday, October 24
4 - 5 p.m.
Wednesday, October 31
12 - 1 p.m.
Wednesday, November 7
12 - 1 p.m.
Networking Opportunities
B2B Networking Luncheon

Join us for our monthly networking luncheon, this month hosted by  Cucina Alessa Restaurants ! Featuring a presentation and discussion by OC Taxpayers Association President & CEO Carolyn Cavecche. Every ticket includes lunch, a 20-second introductory commercial and entry into the door prize raffle. Register on our website by clicking on the link or call (714) 536-8888.


AM Connect Networking Breakfast

Join us for our monthly membership breakfast this month at  GlowZone HB , sponsored by  Wavelengths Recovery . OCTA will provide and I-405 improvement project update. Everyone in attendance receives breakfast, a 20-second introduction, a place for marketing materials and an opportunity to network. Don't forget to represent your company by bringing a door prize you can raffle off! All attendees are entered to win the raffle prizes brought in by other business representatives.

Member Events
Tuesday, 10/23
5 - 9 p.m.
Wednesday, 10/24
8 - 9 a.m.
Wednesday, 10/24
5:30 - 8 p.m.
Thursday, 10/24
8 - 11:55 p.m.
Sunday, October 28
2 - 7:30 p.m.
Monday, October 29
7 - 9 p.m.
Wednesday, October 31
4 - 8 p.m.
Wednesday, November 1
9 - 11 a.m.
Wed-Thur, Nov. 1-2
Times vary
Saturday, November 3
9 a.m. - 1 p.m.
Saturday, November 3
11:30 a.m. - 4 p.m.
Saturday, November 3
6 - 8 p.m.
Huntington Beach Chamber of Commerce | (714) 536-8888 | (714) 960-7654