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City National Bank Named Premier Sponsor of the 2020 Spirit of the Entrepreneur Awards Televised Broadcast

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Tuesday, November 17, 2020

Longtime Spirit of the Entrepreneur Awards VIP sponsor, City National Bank, has elevated their support in 2020 as the Premier sponsor! The Spirit Awards, now in its 18th year, has adapted the show program from a live event with over 1,000 attendees into a televised broadcast in order to continue the tradition of supporting and celebrating local entrepreneurs of Inland Southern California. Over the years the Spirit Awards has grown to be known by participants as the “Oscars of Business” and has continuously recognized the top innovators and entrepreneurs for the past 18 years.

Mike Stull, Founder and Executive Producer of the Spirit of the Entrepreneur Awards program and Stacey Allis, co-producer, on set for The 2020 Spirit of the Entrepreneur Awards filming toasting the 2020 Award Finalists with the traditional champagne toast.

City National Bank saw a unique opportunity to elevate their support for this unique delivery of the very first televised program format in Spirit Awards history, at the same time supporting and honoring those entrepreneurs that have given so much in the face of the pandemic.

“We want to continuously support regional companies that are driven by entrepreneurial spirit,” said Cary WannerSenior Vice President and Area Manager at City National Bank. “City National aims to provide world-class banking services and that starts by focusing on growing strong business relationships. As the 2020 Premier sponsor of the Spirit of the Entrepreneur Awards, I can’t think of a better time to recognize these innovative entrepreneurs and celebrate them center stage!”

The 2020 Spirit of the Entrepreneur Award will be televised on November 21st, 2020 at 7:00 p.m. to 8:00 p.m. Pacific Standard Time on KSCI Channel 18. The program format will include the presentation of the COVID Hero and COVID Innovator Entrepreneur Awards to recognize those entrepreneurs that have survived, thrived, and played a key role in helping the community adapt and overcome the coronavirus pandemic through their direct efforts.

Airing November 21st, 2020 at 7pm -8pm pst on KSCI LA Channel 18
The 2020 Spirit of the Entrepreneur program features:

Mistress of Ceremonies – Janice Bryant Howroyd

The Spirit Awards televised program will feature Janice Bryant Howroyd, the Founder and Chief Executive Officer of The ActOne Group, as our distinguished Mistress of Ceremonies. She is currently #39 on Forbes list of America’s Richest Self-Made Women. In 2014, Mrs. Howroyd was recognized by Black Enterprise as the first black woman to own and operate a billion‐dollar company. She was BET’s first ever BET Honors Entrepreneur of the Year and has received Black Enterprise’s Business of the Year award. In 2013, she was appointed a USA Ambassador of Energy at the White House.

Janice Bryant Howroyd, Founder of the ActOne Group and Mistress of Ceremonies on set for The 2020 Spirit of the Entrepreneur Awards filming.

She operates by the mantra “Never compromise who you are personally to become who you wish to be professionally.”

“Janice’s quality of character as an individual, ownership mindset and driving success as an entrepreneur certainly aligns and elevates all that the Spirit of the Entrepreneur Awards aims to honor and celebrate! Janice most definitely graces the stage with her effervescent spirit of entrepreneurship!” says Mike Stull, Founder and Executive Producer of the Spirit of the Entrepreneur Awards.

Featured Entertainment – Vintage Trouble

The Spirit Awards featured entertainment is one of rock n’ roll’s best kept secrets – the LA based quartet, Vintage Trouble, presented by City National Bank. They have appeared in more than 3,000 shows across 30 countries. Their distilling swaggering rock, soulful blues grooves, and pop ambition delivers a bold and brash brew of infectious music.  The quartet—Ty Taylor [vocals], Nalle Colt [guitar], Rick Barrio Dill [bass], and Richard Danielson [drums] – have been on tour with music industry legends such as The Who, The Rolling Stones, AC/DC, Lenny Kravitz, and Bon Jovi, to name a few.

The LA based quartet, Vintage Trouble, performs for The 2020 Spirit of the Entrepreneur Awards filming and wrap at The Fox Theater Pomona. Ty Taylor [vocals], Nalle Colt [guitar], Rick Barrio Dill [bass], and Richard Danielson [drums]

Along the way, they also performed on Later… with Jools Holland, Jimmy Kimmel LIVE!, Conan, The View, and The Tonight Show (four times in one year!) in addition to receiving acclaim from New York Times, NPR, The Wall Street Journal, Billboard, Rolling Stone, and more. All with a trio of albums under their collective belt!

“They bring immense talent and spirit you can feel right through the screen”, says Stacey Allis, Co-Producer of the Spirit of the Entrepreneur Awards. “We are more than delighted to support local talent as they certainly know how to deliver inspiration!”

2020 AWARD UNVEILING
The Spirit of the Entrepreneur will unveil the 2020 COVID Hero and COVID Innovator Awards! Drawn from nearly 200 nominations and determined by an external panel of judges representing past Spirit Award recipients, the COVID Hero and COVID Innovator Awards seek to honor and recognize those entrepreneurs that have significantly insighted change and/ or community support and business growth in spite of the coronavirus pandemic. See the list of finalists…

The 2020 Spirit Awards Finalist line-up:
COVID INNOVATOR ENTREPRENEUR FINALISTS:

  • Big Brothers Big Sisters of the Inland Empire Jennifer O’Farrell – Riverside
  • C.H.A.N.T. Training Academy/ G.S.M. Management & Consulting LLC Vincent Garrett – Rancho Cucamonga
  • RPP Products, Inc. Eric Zwigart – Bloomington
  • SoCal Face Shields for Frontline Workers Zubin and Tenzing Carvalho – Hemet

COVID HERO ENTREPRENEUR FINALISTS:

  • Another Brilliant Idea, Inc. – Brilliant Mobile Messaging Mary Barnett – Corona
  • Inland SoCal United Way Lisa Wright – Rancho Cucamonga
  • Murrieta/Wildomar Chamber of Commerce Patrick Ellis – Murrieta
  • Victor Valley Rescue Mission Bill Edwards – Victorville

The Garner Holt Student Fast Pitch Competition
One of the most beloved features of the Spirit Awards is the Student Fast Pitch Competition. This year the program has 3 finalists competing for prize money for the 2020 Garner Holt Student Fast Pitch Competition in which college students have 90 seconds to present their winning idea. The top pitch is chosen from a panel of judges for the quality of their pitch and the attractiveness of their business concept.

This year marks 18 years of celebrating The Spirit of the Entrepreneur! Join us this November for a memorable televised broadcast filled with inspiration and innovation at this black-tie gala as we celebrate the top business innovators of Inland Southern California.
For more information, including broadcast and rebroadcast information visit SpiritAwardsIE.com https://spiritawardsie.com/

The Inland Empire Business Journal (IEBJ) is the official business news publication of Southern California’s Inland Empire region - covering San Bernardino & Riverside Counties.

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Saybridge Technologies’ Board of Directors Announces Byron J. Paul as CEO

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The SyBridge Technologies’ Board of Directors is pleased to announce that Byron J. Paul has joined SyBridge Technologies (“SyBridge” or the “Company”) as Chief Executive Officer and will also serve as a member of the Board of Directors.  Mr. Paul will build upon the Company’s strategic vision of becoming a global technological leader in value-added design and manufacturing solutions ranging from design and prototyping to production-as-a-service and aftermarket services for customers.  Mr. Paul brings extensive experience in industrial technology and a 20+ year track record of driving profitable growth in complex, global enterprises.

Mr. Paul was most recently Group President at Signode Industrial Group where he led a global portfolio of businesses focused on end-of-line packaging technologies and warehouse automation solutions.  He previously served as President of Destaco, a leading designer and manufacturer of precision engineered components for industrial automation and robotics applications. Mr. Paul has also held senior leadership roles at John Crane, a leader in rotating equipment solutions, and at the Boston Consulting Group.  Mr. Paul holds an MBA from the Kellogg School of Management at Northwestern University and a Master of Public Administration from Harvard University’s Kennedy School of Government. He also attended the University of Western Australia where he earned a Bachelor of Commerce with first class honors in accounting and finance.

Mr. Paul stated, “I am thrilled to be joining a world-class team at SyBridge Technologies. They have done an outstanding job expanding SyBridge Technologies’ global reach, growing from three sites in 2019 to 16 locations today. I look forward to partnering with the Board and Crestview Partners as we embark on the next phase of growth to build an unrivaled leader in digital manufacturing.”

Jason Luo, Chairman of SyBridge Technologies and Crestview Operating Executive noted, “Byron is a committed leader with a proven track record of successfully growing businesses and we are excited to partner with him as we plan to execute on the Company’s next chapter of growth.”

Mr. Paul succeeds Tony Nardone who has departed the company to pursue other interests. “We appreciate the many contributions Tony has made to SyBridge and wish him well in his future endeavors,” said Mr. Luo.

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Tips on Accessing Capital as an Under-resourced Small Business Owner

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Interview with Peter E. Jackson, MBA, Vice President, Sr. Business Consultant at J.P. Morgan Chase

By Josaline Cuesta, California Program Director, Small Business Majority

Entrepreneurship is essential to a thriving and equitable economy. Yet, too many of our smallest businesses—especially those owned by people of color, women, rural business owners, and other under-resourced communities—face significant hurdles in accessing capital from banks and other traditional financial institutions.

Small Business Majority prides itself on partnering with experts in the field to mitigate the unnecessary impacts of inequitable access to capital and help to break down systematic barriers.

Peter E. Jackson, MBA is Vice President, Sr. Business Consultant at J.P. Morgan Chase. His work in California has been integral to creating pathways for minority and women entrepreneurs to access capital successfully. I sat down with Peter for a Q&A to discuss his experiences, share his expertise and tips, and learn more about expanded opportunities for capital in a unique community.

Do you believe there is a barrier to accessing responsible capital for small business owners? If yes, do you believe that a certain group of small business owners are more susceptible to experiencing challenges? Why?

From where I sit, one of the biggest hurdles facing minority small businesses is access to financial education. Many Black and Latino business owners we work with through the Chase mentorship program, believe it or not, cite access to education as their top need, e.g., understanding working capital, credit readiness, financial planning, managing debt and cash flow, etc. Working knowledge of these principles is the foundation of building a small business. That means having your bookkeeping and financial operations to help you make your best case when seeking funding/capital from any lender. Not having this in order may delay any financing for your business. There are also questions to ask yourself, e.g. ‘Am I in a healthy financial position to pay back a loan or is a bank loan the right financing option for my business needs at this time?’ This is where a banking relationship or banker can come in handy.

Often, minority entrepreneurs may not have had the best relationship with a bank or may not have had a parent or close individual to seek guidance from related to entrepreneurship – the list goes on. The pandemic exacerbated many of the underlying racial disparities that already existed in the U.S., including the banking system. As a firm, we recognize these challenges and do everything we can to address them.

In 2020, JPMorgan Chase announced a $30 billion racial equity commitment to create an inclusive economic recovery and help Black and Latino small businesses, families, and local communities create and sustain generational wealth. We’re creating the infrastructure to help more minority-owned businesses grow and recover through new programs, products, and hiring. This service is free, and business owners do not have to be Chase customers to receive coaching and mentorship.

Information about the JP Morgan Chase Minority Owned – Business Program is available at: https://www.chase.com/es/business/minority-businesses

What stories have you heard about the ease of accessing capital for small business owners? Can you please share a few typical challenges and some success stories? Did any success stories involve innovation? Did owners have to think outside the box to gain continued access to capital?

Yes, thinking out of the box is an everyday part of what we as Sr. Business Consultants do. Every business owner comes from a different place financially and operates their business differently. An example of this was a local smoothie bar owned by a Latina entrepreneur in Fontana, California. I discussed her goals and challenges, and she needed to obtain a small working capital loan to hire a part-time employee to extend her business hours and add signage. I helped her calculate and understand her break-even to determine the right price she needed to charge for her product to be able to pay for an additional employee and add a sign to the front of her store. This was important because she established new sales goals to drive more revenue. Also, the loan underwriter could see her business now had sufficient income capacity to borrow and pay back a loan by charging enough to support the loan payment. Business owners often borrow without a plan to demonstrate they can repay the loan or without consulting their CPA to ensure they leave enough money in their business to borrow. Part of my role is to help small business owners understand their business finances and how to leverage them to scale and grow their businesses.

What are some ways to increase small business funding to expand access to capital?

From JPMorgan Chase’s standpoint, here’s what we are doing to expand access to capital for underrepresented communities. We have committed $396 million (page 23-25) in small business philanthropy to grow Black, Hispanic and women-owned small businesses and create a more inclusive recovery from the COVID-19 pandemic, including:

  • ~$42.5 million to expand the Entrepreneurs of Color Fund (EOCF) in more U.S. cities, the program will offer low-cost loans and technical assistance to small businesses through LISC and CFDI network
  • Philanthropic investments to build the capacity of diverse-led nonprofits across the globe and support the signature Ascend Program
  • Policy solutions through the JPMorgan Chase Policy Center to improve U.S. Small Business Administration (SBA) program to better meet the needs of minority- and women-owned small businesses.

Within Business Banking, we plan to provide an additional 15,000 loans -totaling $2 billion- to small businesses in majority-Black, -Hispanic and Latino communities over the next five years. To further expand access to credit to minority business owners, we’re:

  • Exploring targeted adjustments to how the firm evaluates credit applications
  • Introducing new products, including a digital lending platform, to better support the needs of small Black, Hispanic and Latino-owned businesses seeking quick access to capital.

What are some of your recommended, trusted community resources or training opportunities within the Inland Empire that will help with understanding ways to access legitimate capital?

  • Mentorship, dedicated coaching, and education are critical to helping people get credit ready. Look into Chase’s 1:1 coaching for minority entrepreneurs across 21 U.S. cities, where they work with a senior business consultant to help them scale. Visit www.chase.com/businessconsultant to learn more.
  • Visit the Inland Empire Center for Entrepreneurship (IECE), an SBDC program within California State University, San Bernardino, which delivers a wide range of programs, technical assistance, and services to existing small business owners or aspiring entrepreneurs in the community. Every state has a small business development center offered through U.S. SBA and colleges/universities.
  • Lastly, I think AmPac, UCR, and the University of La Verne also have some of the strongest community resources that speak to access to capital, readiness, training, grant programs, microfinancing, etc.

Peter will join other financial experts for a Small Business Majority hosted event on September 14, 5:30pm PT. “Breaking Barriers: Accessing capital as women business owners of color” is a free event to learn tips for remaining resilient in business and how to navigate non-predatory debt financing options that will help grow or strengthen your woman-owned small business to help build generational wealth.

Register for this event here: https://www.eventbrite.com/e/breaking-barriers-accessing-capital-as-women-business-owners-of-color-registration-393175316957

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Stater Bros. Markets Appoints Rebecca Calvin to Senior Vice President and Chief Marketing Officer

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Stater Bros. Markets is pleased to announce the appointment of Rebecca Calvin to the role of Senior Vice President and Chief Marketing Officer, due to the upcoming retirement of the company’s well-respected and current Executive Vice President and Chief Marketing Officer Dennis McIntyre. She will report to Chief Executive Officer Pete Van Helden and serve on the company’s Executive Leadership Team. She will begin her new role on Monday, September 26, 2022.

Calvin will lead the company’s marketing efforts which include the Sales and Merchandising, Integrated Marketing, eCommerce, and Food Strategy and Innovation departments. She will be responsible for strengthening Stater Bros.’ ability to meet the evolving needs of grocery shoppers in the diverse Southern California market through smart and effective product, pricing, and promotion strategies.

“I am very excited that Rebecca has chosen to join the Stater Bros. team and I look forward to working side-by-side with her to make Stater Bros. the premier shopping destination for groceries in Southern California,” said Stater Bros. CEO Pete Van Helden. “On behalf of all our teammates, I would also like to take this opportunity to thank Dennis for nearly 45 years of dedicated service to our company. His passion and enthusiasm have made a significant impact on the current and future success of Stater Bros.”

Calvin arrives at Stater Bros. with several years of experience in the grocery industry, most recently serving as Senior Vice President and Chief Merchandising Officer at The Save Mart Companies, where she led merchandising, space planning, pricing and promotion execution, and their private label program. Before joining The Save Mart Companies, she began her career in the grocery industry with Daymon Worldwide as a category buyer. She served as Vice President of Grocery, Frozen, and Dairy at Mariano’s before continuing on to merchandising and category management roles in the Kroger family of companies.

Calvin graduated from the University of Wisconsin-Oshkosh with a Bachelor of Science Degree in Biology with a Minor in Business Administration and is a graduate of the Cornell University Food Executive Program. She has earned a Six Sigma Green Belt Certification and currently serves on the Western Association of Food Chains (WAFC) Board of Directors. Earlier this year, Calvin was recognized as one of Retail Today’s “50 Outstanding Women in Retail.”

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