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BizBrief: Today’s News To Know

Carson City Council Approves Agreement For New Athletic And Academic Facility

The Carson City Council this month approved an agreement with Los Angeles County for the design, construction and operation of an athletic complex on more than 80 acres of land at the county-owned Victoria Golf Course. The Carol Kimmelman Athletic and Academic Campus will be located in the City of Carson, adjacent to the 405 Freeway. Plans for the project, which has an estimated 2020 groundbreaking date, include 62 tennis courts, eight soccer fields, two multi-use fields, and a 25,000 square-foot youth learning center that would include two basketball courts, according to the city. The campus would provide free and low-cost access to the community. Private partners in the project, which is estimated to cost between $60-100 million, include the Carol Kimmelman Foundation, the L.A. Galaxy Foundation, the U.S. Tennis Association and the Tiger Woods Foundation.

Bryant Rubber Corp. Relocating Headquarters To Long Beach

Commercial real estate services company Cushman & Wakefield yesterday announced that Bryant Rubber Corp., a manufacturing company, is relocating its corporate headquarters to Long Beach under a 10-year lease. Located at 1580 W. Carson St., the newly renovated 43,787-square-foot facility will also serve as the company’s U.S. manufacturing and North American research and development (R&D) center. Bryant Rubber will move into its new offices during the fourth quarter of this year, with manufacturing and R&D to begin during the first quarter of 2020. Founded in 1971, the company is currently headquartered in Harbor City. Jeffrey Morgan from Cushman’s El Segundo office represented Bryant Rubber, while the landlord, Rexford Industrial, was represented by Marc Bonando of Kidder Matthews.

Port of Long Beach Releases Study On Environmental Impact Of Master Plan Update

Today, the Port of Long Beach released a study examining the environmental impact of its updated Master Plan. The program environmental impact report (PEIR) is available for review on the port’s website. The update is necessary to “reflect changes in the shipping industry, strategically manage resources and proactively prepare for future challenges to remain competitive in the rapidly changing global economy,” according to a statement from the port. Comments on the PEIR can be made in writing or at a public hearing on the issue on Thursday, October 3. Written comments may be submitted to Matthew Arms, acting director of environmental planning, Port of Long Beach, 415 W. Ocean Blvd., Long Beach, CA 90802, or to ceqa@polb.com.

Sunstone Management Announces Additional Funding For Long Beach Accelerator

Long Beach-based investment firm Sunstone Management today announced that it is launching the LBA Sunstone Fund to connect investors with the growing companies expected to participate in the Long Beach Accelerator. Earlier this year, the firm partnered with the City of Long Beach and California State University, Long Beach’s Institute for Innovation and Entrepreneurship to create the accelerator program, which provides mentorship to entrepreneurs. Sunstone is partnering with investment firm Seraph Group to provide additional funding to startups upon completion of the accelerator program. “Supporting the nation’s leading early-stage startups is essential to ensuring that they thrive and grow into sound investments down the road,” John Shen, founding partner of Sunstone Management, said. “We are confident that these funds will generate the desired returns for investors while simultaneously offering support for the accelerator’s participants and other promising startups in the Long Beach area.”

Port Awards $1.3 Million In Community Grants

The Port of Long Beach today announced that it awarded more than $1.3 million to local organizations through its community grants program. The award funds 16 projects to improve air quality and energy efficiency at public facilities. Over the next 12 to 15 years, the port will invest $46.4 million in community-based projects intended to reduce its impacts on air quality, traffic, noise and water quality. According to the port, the investment adds to the $17.4 million it has awarded to community groups since 2009, for a total of almost $65 million. “We facilitate the nation’s trade at the Port of Long Beach, but it’s important for us to share the economic benefits more directly with our surrounding communities,” Harbor Commission President Bonnie Lowenthal stated. “These projects will help people using these facilities breathe cleaner air and result in less electricity being used.”

Windes Named Among Top American Accounting Firms To Work For

Long Beach-based accounting firm Windes was named one of the “best accounting firms to work for” in 2019 by Accounting Today, a trade magazine, and Best Companies Group. To be considered, firms from across the U.S. were scored based on a two-part survey that took into account their workplace policies and demographics, employee experiences and more. “First, thank you to everyone at our firm, as they are the true drivers of making Windes a place where people want to work. We believe that if we take care of each other, this in turn translates to us taking better care of our clients. One of our firm’s core values is to value people first. When we do this, good things follow,” John DiCarlo, managing partner at Windes, stated.

EDM Event Shuts Down Parts Of Shoreline Drive This Weekend

The EDM (electronic dance music) event “The Alchemy Tour” is taking place in Downtown Long Beach this weekend, resulting in the closure of Shoreline Drive between West Ocean Boulevard and Shoreline Village. The closure is scheduled to last from Saturday, August 17, 5 a.m. to Sunday, August 18, 5 a.m. The gate arm at the end of Linden Avenue at Rainbow Harbor/Marine and Shoreline Marina will also be closed. The event features artists Seven Lions, The Glitch Mob, and NGHTMRE + Slander presents GUD VIBRATIONS, who will be performing on the Marina Green. Click here for more information.

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