Russell Westbrook discusses partnership with Chad Brownstein in AP interview

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In a recent interview with the Associated Press, Washington Wizards star Russell Westbrook discussed his partnership with Chad Brownstein – dubbed the “Westbrook/Brownstein Green Tech Program” at the LA Conservation Corps. Westbrook, a UCLA alumnus and Los Angeles native, has always been passionate about empowering children in underserved communities. To that end, Russell founded the “Russell Westbrook Why Not? Foundation” in partnership with the LA Promise Fund with the mission of inspiring the lives of children, empower them to ask, “Why Not?” and teach them to never give up. The foundation works to help children that are facing hardships of any kind, and when faced with that adversity, fight to succeed and to never give up.

When asked by the Associated Press why he was focusing on this partnership, and how he saw it fitting into his overall philanthropic works, Russell had this to say:

Chad is a UCLA alum, which is where we created our connection. The biggest thing that I always try to connect with somebody on is: What do they want to do for the underserved communities?

Chad had already done a lot of work in underserved communities. We had conversations on what we can better do to help those communities in Los Angeles. We’ve been able to create different vehicles and partnerships. We just did a partnership with Varo to help in financial literacy and find ways to impact our financial system, which has been plagued over many years, especially for the underserved and people of color. That’s the area I want to tap into with the help of people that have the same goals and visions.

There’s been such a huge disparity in our financial system. In order to close that gap, you have to be able to put systems in place and partner with the right people to help underserved communities. Because that’s who gets hurt the most — especially African American communities. Those are the people that don’t create family wealth or generational wealth.

I want to make sure I have something in place. So I partnered with Varo, because they understand how important it is to serve the underserved and the unbanked. I’m excited about creating a curriculum and strategy. We’re in a process of trying to figure out exactly what that is. But I want to make sure I lead the way.

About Chad Brownstein

Chad Tyler Brownstein (born February 12, 1973) is an American industrialist. He is the founder of Rocky Mountain Resources, a holding company focused on natural resources. He is also the co-founder and former vice chairman of Banc of California, a top 50 rated bank by Forbes magazine. In 2017, Brownstein was a major contributor to the construction of the Mo Austin Basketball Center at UCLA and previously supported the renovation of Pauley Pavilion. Brownstein has been recognized as a leader in assisting under-served, at-risk youth. Of note, Mr. Brownstein’s support has beneficially impacted over one million at risk youth in Southern California.

About Russell Westbrook

Russell Westbrook III (born November 12, 1988) is a professional NBA player for the Washington Wizards. He is a nine-time NBA All-Star and earned the NBA Most Valuable Player Award for the 2016–17 season. He is also an eight-time All-NBA Team member, led the league in scoring in 2014–15 and 2016–17, and won back-to-back NBA All-Star Game Most Valuable Player awards in 2015 and 2016. In 2012, he founded the “Russell Westbrook Why Not? Foundation” with the aim of creating pathways of empowerment for the underserved population. The foundation is committed to the perseverance of at-risk communities by implementing structured educational opportunities, workforce development and accessible mental health resources.

 

Chad Brownstein’s Alaska Cold Storage Agreement Provides Strategic Location for Reaching Multiple Continents

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Alaska Cargo and Cold Storage, LLC (ACCS) entered into a 55-year ground lease agreement with the State of Alaska. ACCS proposes to build a 700,000 square foot warehouse facility at Ted Stevens Anchorage International Airport (ANC). The campus upon completion could reach  32.5 million cubic feet of storage.

The warehouse will be climate controlled. Its location in Anchorage, Alaska, provides a great strategic advantage because it’s within 9.5 hours of the most crucial marketplaces within Asia, Europe, and North America.

Strategic Advantage of Ted Stevens Anchorage International Airport

ANC is located in a Foreign Trade Zone, which makes it an ideal hub for global trade. And the agreement includes a $21 million BUILD grant to support constructing the warehouse facility.

 “We’re excited about the potential this integral piece of the global cold chain has to make Ted Stevens Anchorage International Airport and Alaska a more attractive place for global companies to do business,” said Alaska Gov. Mike Dunleavy.

ANC is the second-largest and sixth-busiest cargo airport, making it a strong strategic option for ACCS. During some parts of 2020, ANC had the most air traffic of any airport in the country. In fact, in 2020, ANC had transported 3.1 million metric tons of cargo. That’s a 16 percent increase over 2019. Demand for transporting cargo through ANC grew throughout 2020. The airport started the year as the 38th busiest airport in the country and finished the year as the 15th busiest airport in the country.

As a whole, the project will have a large impact on the Anchorage economy. It should allow for improved exporting of Alaska’s seafood and provide significant economic development.

“Cargo carriers and their industry partners are recognizing the advantages of operating at ANC. The signing of the ACCS lease cements 2 of 5 cargo developments, totaling more than $1-billion dollars of private investment, at ANC,” said Ted Stevens Anchorage International Airport’s Director Jim Szczesniak. “This new facility will further connect the World to Alaska, benefitting a burgeoning peonies market, Alaska’s seafood industry, and other Alaskan exports.”

Plans for the ACCS Warehouse Facility

The warehouse facility will provide leasable cargo transfer and cold storage space to major air cargo carriers among other users. It will be located adjacent to the airport’s runways and will offer a variety of storage options, including:

  • Quick cargo
  • Cold and warm storage
  • Logistics services
  • General warehousing options
  • Auxiliary space for tenant offices

The facility will use modern energy-efficient and renewable technologies, making it a state-of-the-art operation. Currently, Alaska has very limited cold storage and therefore vulnerable to supply chain disruptions. This new facility will reduce Alaska’s dependency on Washington-based cold storage and improve Alaska’s food security.

Phase One

ACCS has planned a phased approach for building the campus. The first phase of the project will provide 190,000 square feet of warehouse space and could begin construction in 2021. The first phase of the project has an anticipated budget of $87.9 million. This initial 190,000-square-foot warehouse should be operational by the summer of 2022.

Phase Two

The second phase of the project includes adding an additional 525,000 square feet to the warehouse. This phase has an anticipated budget of $220 million.

About Alaska Cargo and Cold Storage, LLC

Chad Brownstein and McKinley Capital Management LLC came together to create the joint venture of Alaska Cargo and Cold Storage, LLC.

Chad Brownstein leads Rocky Mountain Resources and has built an industrial complex throughout the Mountain West. Rob Gillam leads McKinley Capital Management, a global investment firm based in Anchorage.

The partnership comes at a time in history when air travel has become dominated by cargo shipments. Passenger air travel diminished in 2020 due to the coronavirus pandemic. But while people weren’t traveling, they were busy ordering more goods and services online, increasing the demand for cargo transportation.

Chad Brownstein on Bloomberg – The new oil economy

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Transcript:

Alix: I’m Alix Steel and welcome to Bloomberg Commodities Edge. It’s 30 mins to focus on the companies and physical assets and the trading behind the hottest commodities with the smartest voices in the business. Let’s first kick it off with ‘spot on’ our expert and investor take on our big story and this week, the big story is President Donald Trump’s decision to pull out of the Iran Nuclear Deal.

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Chad Brownstein on taking advantage of the new Corporate Tax Rate

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Chad appeared on Fox News to discuss some of the implications of the new tax bill that comes into effect on 1/1/2018.

 

 

Transcript:
Fox News:There’s something else that’s coming up this new year the new tax code. You know, we’ve heard a lot about that after President Trump signed the sweeping tax bill into law earlier this month. Well our next guest has some tips on how we can all make the law work for us let’s bring in Chad Brownstein CEO of Rocky Mountain Resources joining us now.
So Chad, I mean right now the average tax refund is like they say over three thousand dollars how do you think people can maximize this you know for next year. What do we do?

Chad: You got to benefit your business. When you have a corporate tax rate of 21% and the ability to buy things and depreciate it immediately, your business is what’s going to drive it if you own a small business and if you own a large business you’re going to be busy buying capital equipment so it’s time to buy in America.

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MarketCurrents interview with Chad Brownstein

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Chad Brownstein was recently interviewed by MarketCurrents, about the advantages for family offices in real asset ownership and investing in natural resources.

In the interview, Chad discusses Rocky Mountains Resources’ focus in the Colorado Market, return on investments and the strategy that differentiates Rocky Mountain Resources from its competitors.

To read the full interview, go to http://www.marketcurrentswealthmanagement.com/real-asset-ownership-marketplace-family-offices/

LA Rams picks Banc of California for foundation partner

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The Los Angeles Rams foundation chose the Banc of California to be its official banking partner.

“The Rams Foundation is committed to benefiting the Los Angeles region directly and through its non-profit community partners. As we come home to Southern California, we will continue using our visible platform to make our community a better place.”

This announcement expands the Banc’ existing involvement which includes the Los Angeles Football Club, USC Athletics along with the 2024 Los Angeles Olympic Bid.

“In California, sports is a connector to communities. Banc of California is proud to partner with the Los Angeles Rams Foundation. We believe in supporting organizations that strengthen California’s diverse citizenry and the Rams organization and Foundation are doing exactly that. Our partnership with the Rams Foundation will continue our meaningful impact on the at risk youth of Los Angeles,” said Chad Brownstein, Vice Chairman of Banc of California and a member of the LA 2024 Committee.

To read more about the partnership between Banc of California and Los Angeles Rams, click here

Banc of California gets behind US Olympic Bid

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Los Angeles 2024 Olympic bid teamed up with Banc of California for it to serve as its commercial bank.

Los Angeles was elected to be the United States’ candidate city to host the 2024 Olympic and Paralympic Games. LA 2024 is led by bid chair Casey Wasserman, Chairman and Chief Executive Officer of Wasserman Media Group, and bid CEO Gene Sykes, a partner at Goldman Sachs and former member of its Management Committee. NBA icon, Olympic gold medalist, and business leader Magic Johnson and legendary labor leader Maria Elena Durazo were recently named as LA 2024 Vice Chairs, along with four time Olympic gold medalist swimmer Janet Evans. It also has strong backing from the current LA mayor Eric Garcetti.

Chad Brownstein, Vice Chairman of Banc of California is excited to part of the bid. “Banc of California is thrilled to partner with LA 2024 to help bring the Olympic Games back to Los Angeles. We believe in partnering with organizations that strengthen our communities and empower our private businesses, entrepreneurs and homeowners to pursue their California Dreams. This bid, under the stewardship of Mayor Eric Garcetti, Casey Wasserman and Gene Sykes, will benefit Los Angeles’ economy and strengthen our diverse community,”

To read the complete release on streetinsider.com about Chad Brownstein and Banc of California’s involvement with the Olympic Bid, click here.

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