Land Use Element Vote Tonight
REMINDER: The Long Beach Planning Commission is voting on the Land Use Element at its meeting tonight, 5 p.m., City Hall. The Land Use Element is an outline for future development in the city. There will be opportunity for public comment at the meeting. Click here for the meeting agenda.
AltaSea Starts Construction On Blue Economy Incubator
AltaSea, a scientific firm dedicated to ocean innovation, today celebrated the start of construction of its La Kretz Blue Economy Incubator at its 35-acre Port of Los Angeles campus. Los Angeles Mayor Eric Garcetti, L.A. Councilmember Joe Buscaino, port executives and community members joined AltaSea executives for the announcement this morning. The incubator will “find and nurture” businesses that are sustainable and ocean-focused, according to a statement from AltaSea.
California Legislators Working On Offsetting
Local And State Deduction Losses In GOP Tax Plan
If the GOP’s tax plan is approved by Congress, Californians could lose their state and local tax deductions. But state lawmakers are already working on solutions that could offset those losses, according to a report by The Sacramento Bee. For example, California could shift its income tax burden onto employers via the state payroll tax. Employers would be able to deduct this on their federal tax returns.
Boeing Board Raises Dividend 20%, Establishes $18 Billion
Share Repurchase Authorization
The Boeing board of directors today declared the company’s quarterly dividend will increase 20 percent to $1.71 per share. The board also replaced the existing share repurchase program with a new $18 billion authorization. “Boeing’s strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, while continuing to invest in our people, innovation and growth,” said Boeing Chairman, President and CEO Dennis Muilenburg. “To support our balanced cash deployment strategy, our team remains focused on improving operating performance as we deliver on our substantial order backlog and work to capture a larger share of the growing aerospace market.”
Mayor Robert Garcia’s Office Hiring For Communications Deputy
Mayor Robert Garcia’s office is seeking a communications deputy to develop and implement the office’s communications strategy. The deputy is responsible for developing content including press releases, speeches, social media posts and more. Other duties include coordinating with the press, scheduling press conferences and appearances, and serving as a liaison with other city departments. For more information, click here.
Chamber Holiday Mixer Tomorrow At Holiday Inn
The Long Beach Area Chamber of Commerce Holiday Mixer is being held high above the city at The Vue Bar & Restaurant atop the Holiday Inn Long Beach Airport. The event runs from 5:30 to 7:30 p.m. at the northeast corner of Lakewood Boulevard and Willow Street. The cost is $25 for members and $35 for nonmembers. To RSVP, click here.