future of health program3
Wednesday, November 8, 2017
8:15 am - 8:55 am WED 11/8
Centennial Hall

This year's California Summit opens with a conversation between giants of industry and philanthropy, Steve Ballmer, owner of the Los Angeles Clippers and co-founder of Ballmer Group, and Michael Milken, Chairman of the Milken Institute, for a broad-ranging discussion on California's position among the world's leading economies and the future of philanthropy in the state.

 

 

Guest
Steve Ballmer, Co-Founder, Ballmer Group; Former President & CEO, Microsoft Corp.
Interviewer
Michael Milken, Chairman, Milken Institute
Guest
Steve Ballmer, Co-Founder, Ballmer Group; Former President & CEO, Microsoft Corp.
9:00 am - 9:50 am WED 11/8
Centennial Hall

California continues to outperform the nation as a whole in job growth because of its strength in three key industries: trade, technology and tourism. In an increasingly competitive globalized economy, California remains a prolific laboratory for ideas and a proving ground for innovative models of finance and climate stewardship. The state’s economy remains vulnerable, though, to domestic and international political and economic forces. This session explores the state's economic present and future in the context of what is happening now as well as what's to come.

 

 

Moderator
Kevin Klowden, Executive Director, Center for Regional Economics and California Center
Speakers
Kevin Demoff, Chief Operating Officer and Executive Vice President of Football Operations, Los Angeles Rams
Charles Harrington, Chairman, CEO and President, Parsons Corp.
Paul Markovich, President and CEO, Blue Shield of California
Betty Yee, Controller, State of California
10:00 am - 11:00 am WED 11/8
Optimist A&B

Small businesses in California employ nearly half of the state's private workforce but lack the capital to grow. Though a recovery is underway, access to money has grown more acute since the Great Recession. Banks aren’t lending in the amounts that small businesses and entrepreneurs need; venture capital, angel investing, and crowdfunding have become important alternative forms of financing. In fact, California’s small business owners tap these alternative means of capital – often from Silicon Valley and Silicon Beach -- far more than small business nationwide. But the state can do much more for small business, from crowdfunding legislation to greater support for minority entrepreneurs to reaching out beyond the world of technology.

 

 

 

Moderator
Carolyn Karo, Associate Director, Strategic Initiatives, Center for Regional Economics, Milken Institute
Speakers
Autumn Burke, Assemblymember, 62nd District, State of California
Manny Fernandez, Angel Investor; Co-Founder and CEO, DreamFunded
Chris Hameetman, President, Tech Coast Angels; CEO, Rainforest LA
Victor Parker, Los Angeles District Director, U.S. Small Business Administration
Richard Swart, Senior Advisor, CrowdSmart.io; Filene Research Fellow, University of California, Irvine
10:00 am - 11:00 am WED 11/8
Legacy A&B

As Congress and the Executive Branch continue to debate how healthcare should work in America, businesses in California are creating local, innovative solutions that you probably don't yet know about. But innovation in healthcare still requires solving the age-old problem: Increasing access and quality of care that workers and employers can afford. California ranks 34th out of 50 states in overall access to healthcare, but state lawmakers, entrepreneurs and business leaders are bringing new healthcare products and services to market. New partnerships between pharmaceutical companies and care providers are meant to lower prescription drug costs, for example. How will these new solutions affect cost management and quality of care and how many Californians remain uninsured or left behind? Can we export these models to other states or countries?

 

 

 

Moderator
Anna Gorman, Senior Correspondent, Kaiser Health News
Speakers
Kimberly Evon, Executive Vice President, SEIU Local 2015
Yiwen Li, Director, Global Strategy and Business Development, NantHealth
Josh Ofman, Senior Vice President, Global Value and Access and Policy, Amgen
Hugh Waters, Director, Health Economics Research, Milken Institute
Claudia Williams, CEO, Manifest MedEx
10:00 am - 11:00 am WED 11/8
Exploration

The robustness of California’s long-neglected housing supply remains a vital component of any strategy to invest in human capital, promote economic development and provide social mobility. Yet cities throughout the state continue to struggle to develop adequate levels of housing. The housing crisis is not only one of supply, but the lack of adequate policy supporting the various types of development demanded by the marketplace. This sessions will feature discussions on California’s most pressing housing needs, along with an examination of key legislative victories and local best practices.

Moderator
Matt Horton, Associate Director, California Center, Milken Institute
10:00 am - 11:00 am WED 11/8
Illumination

Many government-mandated pension schemes have accumulated large reserves while they’ve also become significant liabilities for cities and towns. Pension fund management has a direct effect on financial sustainability and potential benefit levels. As well as an indirect effect on the overall economy, when the funds are leveraged for the domestic capital markets. How can the state and local jurisdictions balance the need to retain the viability of the public retirement systems, while also charting a path that does not unduly burden tax payers or public services?

Moderator
Kevin Klowden, Executive Director, Center for Regional Economics and California Center
Speakers
David Crane, President, Govern For California; Lecturer in Public Policy and SIEPR Research Scholar, Stanford University
Steven Glazer, California State Senator
Paul Rosenstiel, Board Member, CalSTRS
10:00 am - 11:00 am WED 11/8
Laureate

California, the country’s most populous, diverse and economically dynamic state, is in the midst of a transformation to turn its economy into a leading global incubator for renewable energy and resiliency solutions. California clean energy entrepreneurs are busy developing sustainable technologies, from flexible and wearable solar cells to efficient water markets to ensure drought resiliency for commercial farmers. But progress requires further investment from all California businesses, not just those in the energy sector. Can the state get where it wants to go? This session will feature a dynamic array of inventors, entrepreneurs, and policy innovators pursuing new ideas and advancements that are building the foundation the green economy of tomorrow. 

 

 

 

Moderator
Tracy Gray, Managing Partner, The 22 Capital Group; Executive in Residence, Los Angeles Cleantech Incubator
Speakers
Tom McGrath, CEO, Vital CleanTech Ventures, LLC
Nancy Pfund , Founder and Managing Partner, DBL Investors
Dakota Semler, CEO, Founder, Thor Trucks
Azita Yazdani, Founder and CEO, Exergy Systems, Inc.
Richael Young, Co-Founder and President, Mammoth Trading
11:15 am - 12:15 pm WED 11/8
Optimist A&B

From homelessness and housing to pensions to public safety, more California cities are using sophisticated data analytics to help solve their biggest problems. Open data portals in Los Angeles, for instance, are working toward more affordable housing development; Long Beach is using data to achieve greener results at the ports of Long Beach and Los Angeles, the region's largest air polluter, into one of the most environmentally friendly ports in the nation. But what are best practices for smart cities of the future, and how they can be more efficient and effective in deploying data in addressing disparities and inequality?

 

 

 

Moderator
Sean Arian, Founder and President, Bixel Exchange
Speakers
Lilian Coral, Director of National Strategy, John S. and James L. Knight Foundation
Stephen Engblom, Senior Vice President and Global Cities Director, AECOM
Robert Garcia, Mayor, City of Long Beach
Rohit Gupta, Managing Director, Big Sur Ventures
Steve Swartz, Partner, McKinsey & Company
11:15 am - 12:15 pm WED 11/8
Laureate

Blockchain has become a poster child for what we talk about when we talk about disruptive technology. It may soon change the nature of global commerce by creating a new platform for secure financial and legal transactions like land entitlements, supply chain and asset management and so-called "smart contracts." By providing a decentralized, transparent and virtually hack-proof digital ledger, blockchains provide greater public accountability for and accessibility to public and private exchanges. Blockchain has already proven to be a platform for the explosion in cryptocurrencies and a market for ICOs – Initial Coin Offerings that raise money for unproven ventures and that remain unbeholden to regulatory scrutiny. How can California continue to foster responsible blockchain innovation, and where does will the market lead?

 

 

Moderator
Matthew Spence, Partner, Andreessen Horowitz; Senior Advisor, California Center, Milken Institute
Speakers
Brian Forde, Senior Lecturer for Bitcoin and Blockchain, MIT Sloan School of Management
Hugh Gordon, CTO, Akido Labs, Inc.; Director, USC Digital Health Lab
Robert Hertzberg, California State Senator; Member, Think Long Committee for California
Lily Liu, Chief Financial Officer, 21, Inc.
11:15 am - 12:15 pm WED 11/8
Exploration

Chronic diseases have become a major public health and economic challenge facing the U.S. overall and California specifically. In California, chronic diseases cost a total of $378.3 billion in 2016 – equivalent to 15.1% of the State’s overall economic output.  30% of these costs were in the form of direct payments for health care, and the remainder resulted from missed work and economic productivity losses. Cultural and language barriers, as well as differences in dietary habits, are major drivers of chronic diseases, especially in states as diverse as California. This session considers community health approaches as ways to mitigate the impact of chronic diseases through inclusive and participatory care.

Moderator
Hugh Waters, Director, Health Economics Research, Milken Institute
11:15 am - 12:15 pm WED 11/8
Legacy A&B

As immigration policy has become an urgent policy item in the United States and Europe, California finds itself caught squarely in the middle of competing economic and political agendas. It would be no exaggeration to say that the national immigration debate may have a significant impact on key industry sectors in California, including agriculture, tourism, manufacturing and tech innovation. How will the prospect of more aggressive federal deportation policies affect California’s ability to power its economy? Likewise, how are state leaders cultivating and protecting the highly skilled immigrant workforce our economy needs to continue to flourish?

 

 

 

Moderator
Andrea Bernstein, Correspondent, KPCC
Speakers
Gray Davis, Of Counsel, Loeb & Loeb LLP; 37th Governor of California
Maria Elena Durazo, General Vice President, Unite Here
Iliana Perez, Entrepreneurship Initiatives Manager, Educators for Fair Consideration (E4FC)
Perry Wong, Managing Director, Research, Milken Institute
11:15 am - 12:15 pm WED 11/8
Illumination

Infrastructure remains the indispensable component of the U.S. economy but also as a driver of job creation and growth. Needed to maintain domestic productivity, efficiency, and ensure global competitiveness, infrastructure remains one of our most crucial public goods for commerce and economic development. During this private session, participants will review best practices in sustainable investing, the need for public-private partnerships, and standardization across key investment criteria. They will discuss how different types of investments are able to meet the risk/return profile of investors and explore new ideas for channeling investment dollars into the sector. The group will explore:

  • What are the structures that have been successful to supporting sustainable infrastructure projects?
  • What further standardization and development is needed to increase transparency and liquidity of these products?
Moderator
Caitlin MacLean, Director, Innovative Finance, Milken Institute
Speakers
Dale Bonner, Executive Chairman, Plenary Concessions; Senior Advisor, Milken Institute
Tim Schaefer, Deputy State Treasurer, Office of California State Treasurer John Chiang
Stephanie Wiggins, Deputy CEO, Los Angeles County Metropolitan Transportation Authority (Metro)
12:30 pm - 2:00 pm WED 11/8
Centennial Hall

World leaders have embraced the challenge of long-term climate change – and for reasons that go beyond the obvious. Mitigating the human impact on global climate is sound environmental stewardship, but it also presents high-value investment opportunities. In the wake of the Trump Administration's plan to withdraw the United States from the Paris Agreement, California has sought a national leadership role in carbon emissions reduction. New investments and innovations in clean tech and green energy, moreover, are creating a path to a sustainable energy future. This session convenes senior elected state officials, business executives and conservationists to discuss California's future climate and energy policy.

 

 

Presenters
Harry Atwater, Professor and Director, Joint Center for Artificial Photosynthesis Energy Innovation Hub, California Institute of Technology
Caroline Choi, Senior Vice President, Regulatory Affairs, Southern California Edison
Mark Herrema, Co-Founder and CEO, Newlight Technologies
Host
Jane Wells, Special Correspondent, CNBC
2:30 pm - 3:30 pm WED 11/8
Illumination

California is experiencing a demographic age shift that is both urban and distinctly diverse. Smart California cities can address the challenges of an aging population and harness the massive social and economic potential of older adults across the state. Enlightened leadership, policymaking, and action will not just benefit the old. The successful cities of the future will enable purposeful, productive, and healthy aging and enhance urban livability for all. Can California, the nation's leading majority-minority state, also show the way in the movement to develop smart, age-friendly cities? This session includes leaders in policy, academia, philanthropy, and business to discuss promising practices that can provide better lives for the current generation of older Californians, and a better future for generations to come.

Moderator
Paul Irving, Chairman, Center for the Future of Aging, Milken Institute; Distinguished Scholar in Residence, Davis School of Gerontology, USC
2:30 pm - 3:30 pm WED 11/8
Exploration

Los Angeles is home to more nonprofits than any other county in the nation. With over 1.5 million registered nonprofits in the United States, the need to find ways for organizations to reduce duplication of services, inefficiencies, and competition for resources has grown. A national movement has emerged to find ways to facilitate partnerships among nonprofits that can lead to greater organizational effectiveness and efficiency. The Nonprofit Sustainability Initiative (NSI), was launched in 2013 and has become a leader in this effort. The NSI funds strategic partnerships that combine some or all aspects of two or more organizations, ranging from jointly managed programs and back-office consolidations, to shared ventures or full-scale mergers and acquisitions. To date, the initiative has funded over 150 organizations to enter into strategic partnership agreements. This session will discuss not only the NSI and its potential for scalability throughout the state, but also other best practice initiatives and how nonprofit impact has been transformed through partnerships.

Moderator
Lynn Alvarez, Project Manager, Nonprofit Sustainability Initiative
Speakers
John Kobara, Executive Vice President and Chief Operating Officer, California Community Foundation
Jennifer Price-Letscher, Director, Programs and Special Projects, The Ralph M. Parsons Foundation
Renata Simril, President and CEO, LA84 Foundation
2:30 pm - 3:30 pm WED 11/8
Legacy A&B

California, already the nation’s largest producer of medical marijuana – a $7 billion industry – is poised to become the largest recreational marijuana market in the world. Anticipating strong recreational sales starting in 2018, California growers are buying up former prisons, vineyards and repair shops to stage their operations. Despite robust cash flow and consumer demand, marijuana businesses across the state still have few options for banking their cash. Most banks, wary of federal laws that criminalize marijuana-based commerce, largely decline to work with even the most established growers, distributors and dispensaries. Ripe conditions, critics say, for a black market that could rob the state of hundreds of millions of dollars in potential tax revenue.

 

 

 

Moderator
Joe Mathews, California and Innovation Editor, Zócalo Public Square; Co-President, Global Forum on Modern Direct Democracy
Speakers
Hezekiah Allen, Executive Director, California Growers Association
Adam Bierman, Co-Founder and CEO, MedMen
Matthew Dababneh, Assemblymember, 45th District, State of California
Cat Packer, Executive Director, Los Angeles Department of Cannabis Regulation, City of Los Angeles
Karan Wadhera, Managing Partner, Casa Verde Capital
2:30 pm - 3:30 pm WED 11/8
Laureate

California’s venture capital isn’t invested solely in tech and software. The Golden State is quickly developing fertile ground, in regions throughout the state, for cultivating manufacturing startups. These start-ups have revitalized the state’s reputation as a hub of industrial innovation as they look to utilize advanced manufacturing techniques to grow their companies and deliver innovative products. This session will showcase a selection of manufacturers, incubators and entrepreneurs who are leveraging regional characteristics to drive innovation and continue to ensure that the future is made in California.

 

 

 

Moderator
Dorothy Rothrock, President, California Manufacturers & Technology Association
Speakers
Ian Coll McEachern, Co-Founder, Open Agriculture Supply; Owner and Consultant, Nerdian Inc.
Gordon Fowler, President and CEO, 3fold Communications
Gabe Grifoni, CEO and Co-Founder, Rufus Labs
Susie Harborth, General Partner and CFO, BioInnovation Capital
Stella Kramer, Scientist and Co-Founder, Sun Genomics
Carmen Palafox, Partner, Make in LA Capital Advisors
Dolly Singh, Founder and CEO, ThesisCouture
Ken Sunshine, Co-Founder and Chief Financial Officer, Vector Launch, Inc.
2:30 pm - 3:30 pm WED 11/8
Optimist A&B

Entertainment and creative technology collectively generate $300 billion as pillars of California’s global economy. But a digital shift is underway. Entertainment now comprises not only television, movies and music but gaming, e-sports, and other digital pastimes that attract capital and investment from tech hubs, world-class university labs and, indeed, Hollywood. How has the shift changed the labor pool for entertainment as we now understand it? What can California do to remain competitive with other states and countries?

 

 

Moderator
Patt Morrison, Op-Ed Columnist, Los Angeles Times; KPCC Contributor
Speakers
Marcie Jastrow, SVP of Immersive Media, Head of Technicolor Experience Center, Technicolor
Shawn Layden, President, Sony Interactive Entertainment America; Chairman, Worldwide Studios, Sony Interactive Entertainment
Tobias Sherman, CEO and Co-Founder, FOUNDRY IV
Jay Tucker, Executive Director, Center for Media, Entertainment and Sports, UCLA
Jeff Wong, Global Chief Innovation Officer, EY
3:45 pm - 5:00 pm WED 11/8
Centennial Hall

California continues to outperform the national average in job growth, led by signature industries in trade, technology, entertainment, and tourism. While California continues to profit on this post-recession economic success, the state’s long-term economic foundation is threatened by the high cost of living, the lengthy regulatory process for new businesses, and increased competition from domestic and international markets in technology. To keep the golden state’s economic future bright, leaders in business and government must leverage opportunities around increasing investment in communities and higher education supporting the jobs of the future to spur continued innovation and growth. How can state leaders’ best leverage California’s economic and cultural advantages to keep the state’s economy vibrant and growing in the 21st century?

 

 

Moderator
Michael Milken, Chairman, Milken Institute
Speakers
Melanie Lundquist, Philanthropist and Co-Founder, Partnership for Los Angeles Schools
Dominic Ng, Chairman and CEO, East West Bank
Antonio Villaraigosa, 41st Mayor of Los Angeles; Former Speaker of the California Assembly
Steve Westly, Founder and Managing Partner, The Westly Group