Economic Forecast & Trends 2020 (Recap)

January 16, 2020

The L.A. Grand Hotel Downtown
333 S. Figueroa St.
Los Angeles, CA 90071

The Los Angeles Business Journal was excited to host the 2020 Economic Forecast & Trends event at the LA Grand Hotel Downtown on Thursday, January 16th.

The eventful morning featured three lively panel discussions featuring leading experts on the hottest topics on the minds of LA area business leaders at the start of this year. It was stimulating to look back at what made the headlines in 2019 and deep dive into how the economy might be impacted this coming year.

Our outstanding group of panelists and moderators examined the issues as they shared their experiences and predictions for the year to come. The panels this year focused on the hot-button topics of Trade, Tariffs & Taxation; Impact of New Legislation; and Real Estate Outlook.
Attendees had the opportunity to learn from and engage with some of the region’s leading business minds in the following discussions:

Trade, Tariffs & Taxation
Moderated by Akash Sehgal of Green Hasson Janks, this panel made up of Claudia Lin Margolis of Lockton Insurance Brokers LLC and Young Cho of Bank of Hope cut to heart of the trade war between the US and China and what effects it may have on global investments, and trade volumes at the Ports of Los Angeles and Long Beach. Also explored were the risks and challenges companies face, whether they are American companies or Chinese companies, who are doing cross border business.

Impact of New Legislation
Moderated by Penny Griego of L.A. Care Health Plan, this panel made up of John Baackes of L.A. Care; Monica Baumann of Scali Rasmussen; and Chant Vartanian of M Theory Group, discussed an array of topics pertaining to our rapidly changing legislative landscape. This included a discussion on the changes in health care and transition into CCPA compliance. The panelists shared insights into CCPA and what it means to be CCPA compliant. Also discussed were SB 78 and the expansion of Medi- Cal for all young adults up to age 26 regardless of their immigration status.

Real Estate Outlook
Moderated by Jim Kruse of DPI Retail, panelists Paul Rahimian of Parkview Financial; Laurie Lustig-Bower of CBRE; Jason Grinnell of Thompson Coburn LLP; and James Malone of Colliers International helped to define 2020’s issues and the outlook for the immediate future of real estate. Issues were discussed with up-tothe- minute expertise, including the group’s thoughts on topics ranging from the effects of the Metro Purple Line, rising construction costs, co-working spaces, and sustainability (among other issues) to the latest market trends in this ever evolving category.

Inside This Supplement

Survived 2019 – Thrive in 2020?
We survived a volatile 2019. President Trump ignited the Trade War with China in July 2018 by imposing a 25% tariff on $34 billion worth of Chinese imports. Since then, many economists have argued that the Trade War could trigger a recession.... Read More

Assembly Bill 1482 is Now in Effect: Here’s How You’ll be Affected in 2020
The start of 2020 has undoubtably set the stage for dynamic changes in the real estate market, specifically in the greater Los Angeles area. One of the biggest changes will come from Assembly Bill 1482, which Governor Gavin Newsom signed late 2019 and has taken effect January 1st 2020.... Read More

Royalties and Licensing: Expanding Opportunities in Today’s Marketplace
In order for a company to thrive, it has to continuously evaluate its surroundings and marketplace demands and identify key areas of opportunity and room for growth. Some of the key changes come from the technological evolution, which will continue to impact nearly every industry around us... Read More

Glutton for Punishment, You Are
Two of the biggest topics of discussion for business leaders these days are data and cybersecurity, especially since by mid-2019, California had experienced more data breaches than any other state in the past decade.... Read More

CCPA: The Next Horizon for M&A Deals
While the Attorney General will not start enforcing the California Consumer Privacy Act (CCPA) until July 1, 2020, covered businesses are required to comply as of January 1. The penalties for not complying with the CCPA can be steep... Read More

Strengthening Your Weakest Link
You are as strong as your weakest link. How do you defend your companies against attacks, mitigate risks or prevent negative impact on your balance sheet in today’s world of cyber-crime, fervent litigation, massive losses due to natural disasters or changing political climates?... Read More

Construction Lending in 2020: Clear Skies Ahead
As a private lender of construction loans for all property sectors, our team at at Parkview Financial remains optimistic for growth in key commercial real estate markets in 2020. Last year we completed more than $500 million in construction loans – an increase of $165 million over 2018... Read More

A Look to the Future with the Port of Long Beach
As the epicenter of global trade, the Port of Long Beach serves a dynamic industry subject to changes both subtle and volatile that affect commerce and international relations... Read More

With 2020, Businesses Face New Restrictions for Using California Consumers’ Personal Information
The new year brings increased protections for businesses and consumers under the California Consumer Privacy Act (CCPA). The CCPA, which went into effect Jan. 1, is the country’s strongest privacy law.... Read More

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