Weekly Issues

New laws of interest for California businesses in 2015

The following bills were among the 900 measures signed into law by Governor Brown of interest to the business community:

AB 877
(Bocanegra)
For taxable years beginning on or after January 1, 2014, AB 877 disallows a deduction for the amount of any fine or penalty paid or incurred by an owner of all or part of a professional sports franchise where that fine or penalty is assessed or imposed by the professional sports league that includes that franchise.

Visalia approves ‘campus-style’ biz research park

The Visalia Planning Commission approved a development last week that will round out its business research park zone west of the city.
First brought before the city by Visalia developer 4Creeks Inc. last November, the Square at Plaza Drive aims to attract a variety of technology and office-oriented businesses at the southwest corner of Plaza Drive and Crowley Avenue.

Fresno retailer partners to offer Harley-Davidsons on lease

Valley residents interested in riding Harley-Davidsons will soon have more financing options available to them thanks to a partnership with Clawson Motorsports in Fresno and Chrome Capital. Founded in 2011, the national leasing company works with dealerships across the country to help make Harley-Davidsons more affordable for consumers.
Harley-Davidson Financial Services already offers help to customers who are looking to buy new motorcycles, but it does not offer leasing on new or used bikes.

Nonbank mortgage lenders seek more of the market

Nonbank mortgage lenders are regaining popularity on a level not seen since the financial crisis of 2008, once more infusing the industry with a variety of financial options and resources.
According to Inside Mortgage Finance, an industry data and research newsletter, nonbank mortgage lenders accounted for 27 percent of the market in the third quarter of 2014. While that growth has slowed somewhat in recent months, the numbers show that this is the largest segment of the market nonbanks have held since 2008.

Scharton eyes ‘scrappy’ Fresno style with new venture

A new marketing firm focused on local food brands and producers will soon take root in downtown Fresno. 

Croptown Creative Team is the latest business venture by Craig Scharton, owner of Peeve’s Public House, and marketing partner H Steele. The two said they hope to grow Croptown out of their connections with local artisanal food manufacturers in the Fresno County area while also helping to establish a strong “Fresno style.”

Bank beefs up cyber security as threat level rises

In the wake of a high-profile security breach, Fresno’s United Security Bank has adopted tighter security measures in hopes of protecting customers.

The move comes as the banking and retail industries focuses its attention to cyber security as more hacking incidents emerge compromising millions of customers.

United Security Bank agreed in June to pay $350,000 to Bakersfield oil company TRC Operating Co. to settle litigation stemming from a 2011 cyber fraud incident. Dennis Woods, president and CEO of United Security Bank, said the bank has taken on additional security measures to protect corporate customers that frequently use the online money-wiring system.

Mid Valley Disposal on the move

New composting program, acquisition prime hauler for growth

While not yet in full swing, Mid Valley Disposal’s new composting operation is turning the Central Valley on to the possibilities of organic material recycling.

Driven by new regulations on the disposal of green waste in the state’s landfills, the Kerman-based waste hauler and recycler completed work earlier this year on the first row of a 68,000 square-foot composting field at its 10-acre material recovery facility west of Fresno.

Fresno SBA office hits another lending record

The U.S. Small Business Administration's Fresno office announced another lending record for fiscal year 2014 — $310 million in approved 7(a) loans to 631 borrowers.

The loans allowed small businesses in the 15-county region covered by the Fresno district office to create or retain 8,831 jobs.

Richard Kriegbaum

Screen Shot 2014-11-14 at 2.30.24 PMPresident

Fresno Pacific University

What we do: Fresno Pacific University transforms people, families and communities through higher education that stresses solid academic preparation and a strong ethical foundation. The face of our student body is the face of the Valley—we are a Hispanic Serving Institution and are committed to offering opportunities to first-generation students. And we are successful! FPU has the highest four-year graduation rate of any Central Valley college or university, is one of the top 10 HSIs nationally in graduating Hispanic students and is ranked in the top tier of our category by U.S. News & World Report. We are also accredited by the WASC Senior College and University Commission (WSCUC). For us, being the region’s only comprehensive Christian university is all about living out our tagline: “Empowering leaders. Transforming lives.”

Education: Ph.D. in higher education, State University of New York at Buffalo, 1976. M.A. in Spanish, Ball State University, Muncie, IN, 1966. B.A. in Spanish, Wheaton (IL) College, 1963, with high honor.

Age: 73

Family: My wife Peggi and I enjoy a blended family of three children, their spouses and our seven grandchildren. Our children are Janine (husband Matt) Zulim, Arnold (wife Mimi) Kriegbaum and Sonya (husband David) Wainscott. Five of these folks have degrees from FPU. 

Aamer Hayat

Screen Shot 2014-11-13 at 12.41.16 PMChief Operating Officer

Avecinia Wellness Center

What we do: Integrative primary care. We combine primary care medical services with alternative approaches to health to provide our patients with a more holistic approach to health and well-being.