1. 2024 CVBC Program-Final

Welcome

V. Manuel Perez F ourth D istrict S upervisor R iverside C ounty B oard of S upervisors

It is an honor and privilege to welcome you to the seventh annual Coachella Valley Business Conference & Economic Forecast!

Hosted by the Cabazon Band of Cahuilla Indians and presented by the Riverside County Office of Economic Development and Beacon Economics, this conference focuses on economic growth and business development. Keynote speaker Dr. Christopher Thornberg will give detailed forecasts on how our region, county, and state are performing economically, along with our featured speaker, Chairman, Cabazon Band of Cahuilla Indians, Doug Welmas, and master of ceremonies, Emmy Winning Journalist, Brooke Beare. Economic development and job creation are major focuses for my office and the county as a whole. Investing in our community and growing and diversifying our county’s economy creates a better future for all families and residents of Riverside County.

Thank you for joining us. Enjoy the program!

Agenda

7:30 am

BUSINESS EXPO/NETWORKING & BREAKFAST BUFFET

8:30 am

MASTER OF CEREMONIES B rooke B eare

Emmy Winning Journalist PLEDGE OF ALLEGIANCE G lenn M iller Councilmember, City of Indio A MESSAGE FROM RIVERSIDE COUNTY S upervisor V. M anuel P erez Riverside County Board of Supervisors, Fourth District REMARKS F eatured S peaker D oug W elmas Chairman, Cabazon Band of Cahuilla Indians

KEYNOTE SPEAKER: ECONOMIC FORECAST

D r . C hristopher T hornberg Founding Partner, Beacon Economics

CLOSING REMARKS

Keynote Speaker Christopher Thornberg, PhD F ounding P artner , B eacon E conomics

Christopher Thornberg Ph.D. founded Beacon Economics LLC in 2006. Under his leadership the firm has become one of the most respected research organizations in California serving public and private sector clients across the United States. Dr. Thornberg also served as Director of the UC Riverside School of Business Center for Economic Forecasting and Development and was an Adjunct Professor at the School from 2015-2023.

An expert in economic and revenue forecasting, regional economics, economic policy, and labor and real estate markets, Dr. Thornberg has consulted for private industry, cities, counties, and public agencies in Los Angeles, San Francisco and the Bay Area, San Diego, the Inland Empire, Seattle, Orange County, Sacramento, Nevada, and other geographies across the nation. Recent and ongoing projects include housing and rent control studies for the California Apartment Association; quarterly regional economic outlooks for the East Bay Economic Development Alliance; a recession recovery plan for the City and County of San Francisco; an annual economic assessment of LA’s city council districts for the Los Angeles Area Chamber of Commerce; an analysis of the local technology industry for the Santa Cruz County Workforce Development Board; and an economic impact study for the 2024 Los Angeles Olympic Games Committee. Dr. Thornberg became nationally known for forecasting the subprime mortgage market crash that began in 2007, and was one of the few economists on record to predict the global economic recession that followed. Well known for his ability to capture and hold audiences, Dr. Thornberg has presented to hundreds of leading business, government, and nonprofit organizations across the globe including Chevron, The New Yorker, Colliers International, the California Chamber of Commerce, City National Bank, the California State Association of Counties, State Farm Insurance, the City of Los Angeles, the California and Nevada Credit Union League, and the National Steel and Shipbuilding Company, among many others. He has testified before the U.S. Congress House Committee on Financial Services on municipal debt issues, before the California State Assembly Committee on Revenue and Taxation regarding rule changes related to Proposition 13, and before the Los Angeles City Council about proposed changes to local minimum wage laws. Dr. Thornberg is a contributor to consensus economic forecasts published by the Wall Street Journal, Reuters, the National Association of Business Economists, and the Seidman Research Institute at Arizona State University. He also serves as a Board Member of the BizFed Institute, one of Southern California’s most prominent think tanks focused on business and industry issues. In 2024, he joined the Board of Directors of the Statewide California Coalition (dba New California Coalition) and the Advisory Board of the California Chamber of Commerce. He served on the Board of Directors of the Los Angeles Area Chamber of Commerce from 2012 2023. He is also an Executive Member of the Central City Association (Los Angeles) and a member of the California Association for Local Economic Development. A well-known media commentator, Dr. Thornberg has appeared on all the major networks, CNN, NPR, and is regularly quoted in major national dailies including the Wall Street Journal, New York Times, and Los Angeles Times. | www.beaconecon.com

Featured Guest Doug Welmas C hairman , C abazon B and of C ahuilla I ndians

As the Chairman, Doug Welmas is the highest-ranking official within the Cabazon government. He was elected to the position in 2013 after serving as Vice Chairman for six years. Chairman Welmas’ dedication to the community is incredibly important to him and it shows through his philanthropic and volunteer work. He is also a member of the Four Winds Tribal Coalition, whose focus is to provide community and organizational outreach to children living in impoverished areas in the Eastern

Coachella Valley.

In 2017, he was an honoree for the Ronald McDonald House, “A Few Good Men” award for his generous philanthropic activities. Chairman Welmas also serves on the Keck Institute Board of Directors and on the JFK Hospital Governing Board along with the East Valley Tourist Development Authority Board. Chairman Welmas, a Riverside, California native moved to the Coachella Valley in 1997 where he currently resides. He is married to Rosie Welmas, founder of ‘Rosie’s Kids,’ a non-profit organization which provides grants to children so they can participate in sports, music and art programs. He is an avid golfer and loves to practice his game at Eagle Falls, Fantasy Springs’ premier golf course. He and Rosie have two children, Kaleb and Neveah, who love to golf with him. Master of Ceremonies

Brooke Beare E mmy W inning J ournalist

Brooke Beare is an Emmy winning journalist and government communicator. After graduating cum laude from the Annenberg School of Communication and Journalism at the University of Southern California, Brooke began her broadcast journalism career at two NBC affiliates in Texas. During that time, she was fortunate enough to interview Secretary of State Madeleine Albright, a number of governors, and cover the breakup of the Space Shuttle Columbia from the ground. She moved

to the desert near Palm Springs in 2003 to work for the CBS affiliate as a reporter and morning news anchor, and over the next 16 years, established herself as a respected investigative journalist, working in San Diego, and eventually as the evening news anchor in Palm Springs. In 2019, she won an Emmy Award from the National Academy of Television Arts & Sciences, Pacific Southwest Chapter. Later that year, she made a huge career change as the Director of Communications and Marketing for the City of Indio, allowing for another opportunity to showcase stories and visions to the community by jumping into the world of communications, marketing, tourism and public relations. She has brought her expertise to the Riverside County District Attorney’s Office, CVAG and the City of Desert Hot Springs, NBC Palm Springs, and most recently by BIGHORN Golf Club. Brooke has been featured by the Desert Sun, HealthSmart Magazine, PM Magazine, the Daily Show, and other publications and programs for her work with individuals, organizations, nonprofits, the media and businesses to realize their goals and aspirations. She is also a sitting member and former Board Chair of Desert Arc, on the Advisory Board for Old Town Artisan Studios, and has served as ambassador for nonprofits such as the Living Desert, Shelter from the Storm, AAP Food Samaritans, and many others.

A SPECIAL THANK YOU TO

O OUR EVENT SPONSORS!

Great Cocktail. Perfect Location. Great Cocktail. Perfect Location.

Since 2018, Buzzbox Premium Cocktails proudly calls the Coachella Valley home. We cherish the Valley's economic advantages and strong local workforce. We envision a bright future, prioritizing producing a popular real spirits product at the same time delivering an eco-friendly, unique Tetra Pak sustainable package with hand-crafted freshness for a greener tomorrow. Since 2018, Buzzbox Premium Cocktails proudly calls the Coachella Valley home. We cherish the Valley's economic advantages and strong local workforce. We envision a bright future, prioritizing producing a popular real spirits product at the same time delivering an eco-friendly, unique Tetra Pak sustainable package with hand-crafted freshness for a greener tomorrow.

BEST LOCAL RADIO PERSONALITY PATRICK EVANS MIDDAYS 10 AM - 3 PM BEST LOCAL RADIO PERSONALITY PATRICK EVANS LISTEN ONLINE: 1031MeTVFM.com LISTEN ONLINE: 1031MeTVFM.com MIDDAYS 10 AM - 3 PM

ORDINARY Transcend To book tee times, scan the QR code or visit IndianWellsGolfResort.com

Photo credit: Old Town La Quinta Photo credit: Old Town La Quinta

THE GEM OF THE DESERT WHERE BUSINESSES BLOSSOM

www.LaQuintaca.gov www.LaQuintaca.gov

THE OFFICIAL FOUNDATION OF THE COACHELLA VALLEY FIREBIRDS THE OFFICIAL FOUNDATION OF THE COACHELLA VALLEY FIREBIRDS FOCUSING ON THREE CORE PILLARS:

COMMUNITY EDUCATION ACCESS TO HOCKEY

SCAN HERE TO LEARN MORE ABOUT ONE VALLEY FOUNDATION INITIATIVES

ONEVALLEYFOUNDATION.ORG

ĞƐĞƌƚ sĂůůĞLJƐ ƵŝůĚĞƌƐ ƐƐŽĐŝĂƚŝŽŶ WƌŽǀŝĚŝŶŐ >ĞŐŝƐůĂƚŝǀĞ Θ 'ŽǀĞƌŶŵĞŶƚĂů ĨĨĂŝƌƐ ^ƵƉƉŽƌƚ dŽ

ƵŝůĚĞƌƐ Θ ĞǀĞůŽƉĞƌƐ dƌĂĚĞ ŽŶƚƌĂĐƚŽƌƐ Θ ĨĨŝůŝĂƚĞĚ /ŶĚƵƐƚƌLJ ƵƐŝŶĞƐƐĞƐ

ŽǀĞƌŝŶŐ ĂƐƚĞƌŶ ZŝǀĞƌƐŝĚĞ ŽƵŶƚLJ͕ WĂůĂ sĞƌĚĞ sĂůůĞLJ Θ /ŵƉĞƌŝĂů ŽƵŶƚLJ ^ŝŶĐĞ ϮϬϭϬ ϳϲϬͲϳϳϲͲϳϬϬϭ ǁǁǁ͘ dŚĞ s ͘ ŽƌŐ

We are ready to serve you! We are ready

Business Goals? Business Goals?

Multy-Family (5+ Units) Construction Commercial Real Estate Multy-Family (5+ Units) Construction Commercial Real Estate

Commercial Real Estate Secured Equipment Loans Darlene Remalia • (760)336-8713 • dremalia@suncommunityfcu.org Commercial Real Estate Secured Equipment Loans Darlene Remalia • (760)336-8713 • dremalia@suncommunityfcu.org

(760)336-8663 SunCommunity.com (760)336-8663 SunCommunity.com

Indio Branch: 82-195 Ave 42 Indio, CA 92203 Indio Branch: 82-195 Ave 42 Indio, CA 92203

Palm Springs Branch: 1717 East Vista Chino Rd. Suite J-10 Palm Springs, CA. 92262 Palm Springs Branch: 1717 East Vista Chino Rd. Suite J-10 Palm Springs, CA. 92262

Did you know? Farmers have been growing crops in the Coachella Valley for over 120 years Riverside Co. crops were valued at $1,225,700,00.00 in 2022 In 2022, Coachella Valley crops were valued at $707,100,00.00 The top 5 Coachella Valley crops are dates, grapes, bell peppers, lemons, and lettuce Foreign competition is challenging Coachella Valley farmers today. Support local farmers, jobs, and the economy! Buy locally grown! Check labels!

SoCalGas ® recognizes Riverside County Economic Development - Coachella Valley Business and Economic Forecast for its dedication to opening new doors for businesses and creating new possibilities for our communities. Businesses are a cornerstone of our community and their owners are local heroes. They create jobs, provide goods and services and make a difference every day. SoCalGas ® recognizes Riverside County Economic Development - Coachella Valley Business and Economic Forecast for its dedication to opening new doors for businesses and creating new possibilities for our communities. Businesses are a cornerstone of our community and their owners are local heroes. They create jobs, provide goods and services and make a difference every day.

Learn more at socalgas.com/community

© 2022 Southern California Gas Company. All copyright and trademark rights reserved. N22J076A 0122 Learn more at socalgas.com/community

© 2022 Southern California Gas Company. All copyright and trademark rights reserved. N22J076A 0122

www.OneCV.org.com

www.visitgreaterpalmsprings.com

70100 Highway 111 Rancho Mirage, CA 92270 P: 760.770.9000 | F: 760.770.9001 | Toll-Free: 800.967.3767

OPPORTUNITY YOU’LL FIND THAT HERE IN CATHEDRAL CITY YOU’LL FIND THAT HERE IN CATHEDRAL CITY

WORKFORCE 7,820,914 population within a 50-Mile Radius. This region includes Orange; Riverside, & San Bernardino Counties. 7,820,914 population within a 50-Mile Radius. This region includes Orange; Riverside, & San Bernardino Counties.

LOCATION Located between Palm Springs and Rancho Mirage, Cathedral City is the center of the west valley. Located between Palm Springs and Rancho Mirage, Cathedral City is the center of the west valley.

CONTACT ANDY FIRESTINE AFIRESTINE@CATHEDRALCITY.GOV 760.770.0344 CONTACT ANDY FIRESTINE AFIRESTINE@CATHEDRALCITY.GOV 760.770.0344 We must invest in infrastructure development and rebuilding communities to create jobs. INFRASTRUCTURE We must invest in infrastructure development and rebuilding communities to create jobs.

CORPORATIONS are learning the advantages in locating in Cathedral City. are learning the advantages in locating in Cathedral City.

w or ur

EDUCATION Education is both a tool of social justice as well as a fundamental driver of economic development. Education is both a tool of social justice as well as a fundamental driver of economic development.

WWW. CCEDD .ORG .ORG

The spirit of the Folklorico Dancer emanates love, honor and tradition that can be felt throughout our vibrant community. Come experience dance, food and art, and you will find yourself celebrating life’s tapestry, woven with passion.

Ban

Chase busine achiev Our te expert busine achieve Our tea experti busine

© 2023 JPMorgan C © 2023 JPMorgan C

CoC_CVEP_Econ_Report_Ad_01.indd 1

4/9/24 3:41 PM

Owned and operated since Aug 15, 1933 90 years ... a family generational business

Chiriaco Summit Restaurant & Gift Shop

Chase is committed to helping consumers and businesses of all sizes at every stage of maturity achieve their financial goals. Our teams offer global capabilities and specialized expertise, all delivered locally to position your business for long-term success. Banking built to scale achieve their financial goals. Our teams offer global capabilities and specialized expertise, all delivered locally to position your business for long-term success.

Southwest Travel Information Center

General Patton Memorial Museum

Chevron Gas & Food Mart: Open 24 hours

Contact: Sylvia Pizarroso Relationship Executive, Executive Director, Commercial Banking Contact: Sylvia Pizarroso Relationship Executive, Executive Director, Commercial Banking O : (909) 727-5034 C : (949) 616-9165 sylvia.l.pizarroso@chase.com O : (909) 727-5034 C : (949) 616-9165 sylvia.l.pizarroso@chase.com

www.chiriacosummit.com

The travel center is located next to the Chiriaco Summit Coffee Shop and it is open seven days a week, from 9am to 5pm. For more information please call 760-227-3227, ext. 213. Located on interstate 10, 28 miles east of the Coachella Valley. 4 miles from JTNP entrance.

© 2023 JPMorgan Chase & Co. © 2023 JPMorgan Chase & Co.

:41 PM