Orange County Business Journal

OCBJ SPECIAL REPORTS

Pot Products Maker Grows Like a Weed

Terra Tech Sales Up 754%, Largely On Cannabis Demand Surge

Terra Tech Corp.’s crops of basil, oregano, thyme, parsley and lettuce are a steady line of business, but the Newport Beach-based company’s newer line of products derived from another leafy green is the big growth driver.

Q&A

Myriad technological tools have taken on increasingly important roles in day-to-day business in the information age, and the industry of wealth advisement is no exception.

Myriad technological tools have taken on increasingly important roles in day-to-day business in the information age, and the industry of wealth advisement is no exception. The Business Journal’s Jane Yu asked several Orange County-based advisers how they now use technology in their everyday operations and in the development of client relationships. Here are edited excerpts of their responses:

Financial Advisories Cut Local Representatives By 6%

Top 25 Down to 1,705 Advisers in Past Year

The combined number of local registered representatives at Orange County’s biggest financial advisory firms dropped while the firms boosted their total OC work forces.

Q&A

Dr. Bob Foresman, a local Orange County orthodontist and avid sailor, gathered around the kitchen table with his family and invented the first product of what would become an innovative profitable manufacturer nearly 50 years later.

Big Data Becomes Big Initiative at Local Campuses

Programs, Research Added to Meet Increased Demand

Orange County colleges and universities are launching and expanding programs in big data to train students to capture and analyze the reams of information that’s become available in an age when data storage capacity has ballooned.

Grant, Dolls and Gaming Link Commerce, Creativity

Schools Teach Students To Turn Inspiration Into Work

Chapman University plans to open a business incubator for arts and culture-based enterprises at the end of a two-year, $200,000 grant the European Union awarded the school last month.

MBA Programs’ Numbers Down in Strong Economy

Specialization, Speed Enhance Schools’ Efforts

Numbers are down in the Business Journal’s annual survey of MBA programs that serve Orange County—and that’s a good thing.

Q&A

Consolidation among insurance brokerages continues at a pace that had a recent Deloitte report identifying “serial acquisitions” as the “core driver of brokerage growth.” The Business Journal’s Jane Yu asked Orange County brokerage executives to share their thoughts about the consolidation trend. They discuss some key factors that are contributing to the mergers and acquisitions activity, such as low interest rates and increasingly complex regulations, as well as risks that come with the changes. Here are edited excerpts of their responses.

Insurance Brokers Continue Revenue Gains for 5th Year

Biggest Firms Combine For $570M, Up 13%

Orange County’s insurance brokers grew for the fifth straight year, notching a 13% increase in combined revenue last year.

More Than Middling Performance

Midsize Companies Make Up Nearly Half of Total, Take in $2.4B

The 71 fastest-growing private companies in Orange County with revenues between $10 million and $99.9 million combined to grow their top line by 84% over two years for an estimated $2.4 billion.

Small Companies, Big Increase

65 Combine for 94% Gain on Revenue

The 65 companies featured on this week’s list of fastest-growing small private companies based in Orange County can claim a big achievement on a collective basis: They’ve combined to nearly double revenue over the past two years to an estimated $310 million.

Trend Toward Healthcare IPOs Spotlights OC Candidates

Any Number Could Follow Glaukos’ Path

Orange County has its share of private medical device and drug companies that could eventually become initial public offering candidates within the next couple of years.

Medical Device Makers Bump Up Local Jobs By 2%

35 Biggest Employed 16,629, Up By 316

The largest medical device makers based in Orange County or with large operations here held serve on the jobs front over the past 12 months.

Drugmakers Combine for 10% Reduction in Local Jobs

Allergan, Which Cut The Most, Still No. 1 On List

Orange County’s top 10 drugmakers lost jobs during the past 12 months, primarily because of the acquisition and reorganization of longtime market leader Allergan PLC, previously Allergan Inc.

Kids Get Gift of Music at Casa Romantica’s Academy

Free Program One of Batch Designed for the Young Set

Ten-year-old Dillon had a dream: to learn to play the guitar. At least that’s what he said in the application video he sent in to be considered for Casa Romantica’s free Music Festival and Academy.