However, you have to provide them with something as well. And she asked us to partner with her on that. We look at everything we do pretty holistically and work to connect the dots in a harmonized way. At New Balance, eco-friendly initiatives have been on the rise for the past decade, . If it misses, we learn and we move on. As a brand, we dont sponsor anyone. Davis attributes the companys rapid response to aculture of entrepreneurship that New Balance strivesfor during normal courses of business. 2021 Digiday Media. And part of our responsibility as a brand is to amplify the messaging and the voices of our athletes, but also to stand up for what we believe is right. 1990. Davis is the chairman of New Balance, and his wife Anna, who joined the company in 1977, is the vice chairman. Weve embraced the shift from being a product marketing organization to a brand storytelling organization. Carolyn Hadlock (Executive Creative Director, Young & Laramore) sits down with founders, leaders, creators, and visionaries across industries and disciplines to learn more about how they imagine and produce ideas, and explore what makes beautiful thinking. You were promoted to CMO at New Balance just a few weeks into the pandemic lockdowns of 2020. Chris Davis Stats, Fantasy & News. New Balance Highsnobiety #branding We brought him to focus groups at local high schools, and he was just fully immersed into the brand and had a 100% legitimate internship for a course of months. This means partnering with updated distribution channels such as those in the gaming space. And our goal is to get better every single day, listen and learn to our associates, ambassadors and consumers., What new initiatives or launches are you most excited about for the year ahead, and why?. The new brand appearance brings with it a new visual language and a new typography. Resides in Cambridge, MA Metropolitan Area. "He is simply an individual who is not afraid to innovate, a value that is mirrored in our brand identity. Chance the Rapper and Kawhi Leonard Put New Balance on Center Stage During the NBA All-Star Game "This relationship ingrains New Balance into the NBA's global presence, a fandom and culture. Great work, y'all. My mom really embraced the idea of corporate responsibility and corporate giving decades ago before it was a sexy term in our industry. Another reason New Balance was able to adaptquickly to the pandemic was intel gleaned fromits supply-chain offices abroad. In May of 2020, she founded KADA, a sustainable apparel brand for women. She set up our foundation, which is rooted in combating childhood obesity in underserved communities. How the brand is different today than the day your dad bought the company in 1972? But as you think about being the catalyst, does the halo work both ways? And if you think about it, it takes a special partner to represent a challenger brand. You look at the last year and all of the issues that have cropped up in the cultural conversation. Mar 4 2010 Signed a 1 year $414k contract with Texas (TEX) Feb 25 2009 Signed a 1 year $406k contract with Texas (TEX) Jun 26 2008 Signed a 1 year $198,196 contract with Texas (TEX) Jun 10 2006 Signed a contract with Texas (TEX) Jun 7 2006 Drafted by Texas (TEX): Round 5 (#148 overall) NFL. Founder & Chief Creative Officer of MKHSTRY | Former Chief Marketing Officer at Progressive Insurance. Chris Lynn Davis Jr. (born November 4, 1990) is an American football cornerback who is currently a free agent. For more on Chris Davis, and the Ad Club CMO Series click, PR Club of New England's Bell Ringer Awards, What's good for people is good for business. Perfectly said, Chris Davis. It has been exactly one year since New Balance | 34 comments on LinkedIn . New Balance first partnered with fashion brand, in 2019, and it teamed with independent designer, , LA Clippers Kawhi Leonard and Manchester Citys. Of course, we want to grow our individual categories vertically, meaning we want to have success in basketball. One is called the Remade Program, whereby we utilize recycled factory scraps to create new shoes. Celebrating 15 years of our collaborative relationship, The New Balance x Bodega 574 Legacy collection is inspired by athletic. Reflects change since 5 pm ET of prior trading day. Out of that comes a unique, collaborative, trustworthy process that is fully integrated, from a storytelling and creation standpoint, Davis said. One last question, and I ask this to all my guests: how would you define beautiful thinking?Beautiful thinking is thinking differently. The UN Paris Agreement established in 2015 a goal to significantly reduce global greenhouse gas emissions, to prevent the Earth's temperature from rising more than 2 degrees Celsius. Fans of New Balance will likely see that reflected in future collaborations and partnerships. We adjusted to the new environment we created anew infrastructure, new goals, new parameters, Davissays. So it definitely works both ways. New Balance doesnt ask athletes /celebrity endorsers to simply promote sponsorships, they want them to be partners and invest in the brand as much as the brand invests in them. We really like to have long-term relationships with our ambassadors because we dont want advocacy. Driving positive social change and creating real community impact often requires outside the box thinking. Is there any specific conversation with one of your ambassadors that took you in a direction you guys hadnt anticipated? The whole team has really rallied around bringing risk, innovation and evolution to thetable, which I couldnt be more proud of.. The integrity of remaining who you are That's where the true branding gets traction. An indispensable lucky charm for Lunar New Year, the golden little fruit has brought prosperity to Pasco County communities since the 1910s. What is your leadership style?I try my best to embrace a servant leadership mindset. What advice you would give to other brands on how to retain as much control as you can, but still relinquish the proper amount to have an authentic partnership?The key phrase you just said is authentic partnership. These individuals have to be an extension of your brands. Well done to the entire NB squad! SoundBytes is a marketing collective bringing best-in-class marketers together to propel collaboration, innovation and deal-making featuring a diverse range of speakers and addressing key topics across entertainment, music, sports and media. Playing a video game, for example, can be anywhere from 20 minutes to three hours or more spent online. When I asked Chris if PR /earned media was as big a focus as paid digital content, he responded that disruption is the key to both earned and owned media if your content disrupts, it will drive media interest Hear, Hear Chris! There was a story of this young man who had decommitted from Syracuse University and decided he was going to forgo playing in the NCAA and go directly to the NBA and sit out a year. But the ultimate goal is to harmonize our corporate behavior and improve with each day, also set goals that are actionable and have timelines against them to hold ourselves accountable., From a DE&I perspective, we have done a tremendous amount over the course of the last 24 months through a lot of internal as well as external commitments. Davis left New Balance in 2019 after nearly 10 years at the company. Overseas factories and shipping lanes will close. Weve been able to facilitate a culture of calculated risk excellence allowing for our brand to remain fiercely independent since its early days. Lets take a look at five key takeaways from the brands top marketer: 5 Takeaways from Breakfast with New Balance VP Global Marketing, Chris Davis, It was a full house and a whos who of top Boston marketers at the Boston Ad Clubs, Chris Davis, VP of Global Marketing, New Balance was the headline speaker and came ready to share the 112-year-old, private companys latest product roadmap, distribution strategies and digital marketing campaigns. The business milestones coincided with many first-time industry accolades, including Hypebeasts Sneaker Brand of the Year in 2020 and 2021, Footwear News Athletic Brand of the Year and Fast Companys 10 Most Innovative Brands of the Year. We use this 50, 30, 20 mindset. New Balance's vintage-inspired 550 sneaker has become one of this year's most coveted shoes, thanks to its multiple makeovers from Aim Leon Dore. (Courtesy Aim Leon Dore/New Balance) By FOR IMMEDIATE RELEASE CONTACT: Amy Dow, New Balance Athletics 617-746-2214, amy.dow@newbalance.com BOSTON - February 7, 2018 - Global athletic leader New Balance announces the launch of Fearlessly Independent Since 1906 - its new inspirational global brand communication platform that reflects the heritage and non-conventional values of the global sports company. [Our marketing formula is about connecting] the right story with the right cultural ambassador at the right moment in time, and if were able to culturally connect with consumers during the right moments of time when they want to be spoken to, the engagement levels are off the charts, said Davis. Donald Trumps real net worth? Our marketing formula is about connecting] the right story with the right cultural ambassador at the right moment in time, and if were able to culturally connect with consumers during the right moments of time when they want to be spoken to, the engagement levels are off the charts, Watch marketplaces are racing to connect European brands with Asian consumers, UK holiday sales underscore the strength of physical retail, The Clear Cuts Olivia Landau on modernizing the diamond shopping experience, HipDot is creating collectible experiences with music-themed palettes. including five-RBI efforts on April 9 against Iowa and July 20 against New Orleans.Posted three six-game hitting streaks (May 24-29, June 18-23 and July 17-22).Was 7-for-10 with four homers, six runs scored and nine RBI in three games June 18-20 . Chris Davis New Balance Chief Marketing Officer & Senior Vice President of Merchandising Wendi Dunlap Matterkind / Kinesso Senior Vice President, Outcome Based Planning Harriet Durnford-Smith. Transformation takes dedication to long term strategic intent and remaining steadfast on a collective organizational vision. And some enterprisingleaders took this volatile juncture of economic uncertaintyto move beyond the reactionary and rethink what theircompanies could do for thepublic good. Well stay hyper aggressive in sports marketing, entertainment ambassadors and finding great representatives of the brand who are reflective of our values.. All the products are totally individualistic because theyre utilizing different factory scraps, each shoe is 1 of 1 using recycled material that wouldn't normally make its way into products. Youre a big proponent of taking a 50-30-20 approach to your budget. The upper is borrowed from the New Balance X-Racer, a modern lifestyle offering that launched in 2019. New Balance Chief Marketing Officer and Senior Vice President of Merchandising Apr 2020 Related Hubs Recent News and Activity There is no recent news or activity for this profile. Spotrac says it's $42 million total. Chris Davis manages more assets than 81% of asset managers and has an 74.32% ranking based on the performance of Davis Selected Advisers. In an age where targeted marketing and endless brands are available to cater to a consumers every need, options tend to blur together. And I think thats the way that the brand thinks about it too. Darius and the team jelled immediately. Feeling uncomfortable, taking a risk and adapting quickly to new times is something weve tried to ingrain within the cultural expectation of our marketing department, Davis says. Words for all brands and organizations to aspire to and follow. Davis was an early investor in fleet electrification company XL Fleet and owns 9% of the company, which went public via a SPAC merger in late 2020. In 1976, New Balance launched the 320, the first New Balance sneaker to feature the now-famous ' N ' logo. Using science-based tactics and understanding the art of marketing to a loyal customer base, New Balance has truly honed its ability to grow brand awareness, all while offering top-tier products to you, our customers. How have those initial pivots evolved or sustained in the two years since the pandemic began? Though she's no longer working at New. Now Id love to talk about your story. So if youre getting into this space, you have to have the best interest of all parties at heart. Chris was Advisory Board Member for Ball and Buck. You hired Darius Bazely as an intern. We've instituted two programs I'm very excited about. Tell me the story of how that happened.Darius Bazely is another one of my favorite ambassadors. 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Chris Davis Expand search. However, with the help of market insight and customer-focused branding, our athletic wear company has been able to cultivate a culture of innovation to transform the classic American New Balance brand we all know and love into a contemporary staple for the newest generation. With a plethora of brands competing for consumer attention, New Balance prides itself on standing out as a conscious company. It was our largest ever Q4 media buy, primarily focused on the upper funnel, and we continued to drive a more cohesive omnichannel strategy and invest in that regularly. The Trustees of Phillips Exeter Academy. At the core of everything we wanted to do was to counteract the status quo and step aside from the sea of sameness that we believe the basketball industry had become. New Balances [storytelling] is rooted in our fiercely independent mindset and our constant desire to reveal our memories and communicate our values..We take an autobiographical approach with consumers, meaning every time we can communicate with consumers, were introducing ourselves, Davis said. We are consistently impressed with Jack's devoted passion for his craft and his relentless desire to improve," Chris Davis, New Balance Chief Marketing Officer and SVP of Merchandising said. He can work out three times a day at gyms nearby. Table of Contents show. Together they are fearlessly independent (since 1906) and believe in communicating this ultimate brand truth as the foundation of marketing efforts. Weve experienced huge leaps in customer satisfaction, with the last three years clocking in at record-breaking levels. Davis is the chairman and majority owner of New Balance, a closely held athletic shoemaker with annual revenue of about $3.3 billion. Organized in collaboration with The SOUNDBytes Collective https://www.soundbytescollective.com/. Consumers today want to know more about the product theyre purchasing. The Ad Club did a great job creating networking opportunities against the backdrop of Googles state of the art Cambridge campus. Davis is the chairman of New Balance, and his wife Anna, who joined the company in 1977, is the vice chairman. Distribution and marketing have changed drastically over the past half century. Chris Davis 1mo Internationally known, locally respected. Not only did New Balance step up to help during the height of the pandemic by making masks for frontline medical professionals all across the country, but we also continue to utilize sustainable methods in our production of goods. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Its absolutely integral into enabling the brand to work in the community in the right way and elevating the partners persona in the community the right way. We've got you covered with the best restaurants and deals. New Balances approach to partnerships consists of a co-authored approach where partners are heavily involved in product and content strategy and business planning overall. I've been familiar with the. You guys have a fascinating array of the partnerships that youve created with the athletes, as well as cultural leaders or activists. Principal, Executive Creative Director, Young & Laramore, Not In The Mood To Write? In that time, New Balance has elevated far, far beyond any dad-shoe meme: they're a top-3 global athleticwear powerhouse. Greenlands ice sheet could cause up to 20 inches of global sea-level rise by the end of the century, researchers warn. By partnering within growth-centric spaces like gaming, were working to solidify the position New Balance has as a current product leader in this space. Are You ready to meet the hiring challenges in 2023? CMO of the Week: New Balance's Chris Davis by Andrew Hampp February 22, 2022 There's a budgeting strategy at New Balance that Chris Davis likes to call "50-30-20." were at the stage now where were able to be more choiceful with those individuals who truly want to partner with us for the right and authentic reasons. 'Create a new direction': Exeter honors MLK. Here are twenty facts about New Balance that you may not know. In a rare interview, the menswear entrepreneur and creative director of New Balance's 'Made in USA' line outlines his plans for the footwear giant. Chris Davis, Chief Marketing Officer of New Balance, on forming authentic partnerships, calculated risk-taking, and making dad shoes cool. Career. All rights reserved. Get news and analysis about fashion, beauty and culture delivered to your inbox every morning. How was it made? After decades of being known as the classic dad shoe, New Balance has turned its brand identity on its head to capture millennial and Gen-Z shoppers. In the beginning they sold products that made shoes more comfortable rather than producing their own shoes. And really ensuring that our consumer is at the center of everything that we do.. As a modern brand, New Balance brings a fresh collaboration strategy to our portfolio, sporting big names like Jaden Smith and Jack Harlow. Focusing on mental health and wellness and that connectivity to running, as well as continuing to drive sustainability and brand purpose messaging in everything we do. Chris Davis, VP of Global Marketing, New Balance was the headline speaker and came ready to share the 112-year-old, private company's latest product roadmap, distribution strategies and digital marketing campaigns. Davis is an influential local figure and one of the wealthiest people in Massachusetts, who very well might host a D.C. dignitary, and maybe talk U.S. trade policy while showing off his fleet of. I believe that part of our success can be attributed to the mindset and ethos of our brand, which encapsulates fierce independence. New Balance has held onto the mindset of being fiercely independent since its inception in 1906. The Boston-based athletic giant, which reentered the hoops market in 2019 when then-Toronto Raptor Kawhi Leonard wore its kicks for the. Our brand mantra is fiercely independent since 1906. The challenge we face internally is how we make ourselves a brand with heritage versus a heritage brand. The thing Im excited about is weve seen our long-term strategy come to fruition over the last 36 months. The best way that I can describe it is as cultural co-signing. Our signature shoe with Jaden Smith has a sustainability story. Cultivating a forward-thinking approach in this way provides an avenue for companies like ours to bring an element of longevity to their brand. Show email and phone number. We have a number of gaming initiatives as well as digital asset initiatives that can be considered either 20% or 30% concepts. Since its inception, New Balance Foundation has granted more than $130 million to. For its part,New Balance wont be going back to business as usual. Dismiss . Greater Boston Area. Founder, Creative Director of Palette Group, Adweek's 2020 Young Influentials. The last few years have seen some unprecedented changes in the workplace and workforce. New Balance focuses on creating that sort of atmosphere not only in the office but outside of it as well. Many companies pivoted from brick-and-mortar locations to completely virtual within weeks, and a plethora of businesses changed the very core of how they provided products to consumers as buying habits shifted drastically. No partnership, no relationship, no marriage, no friendship works as a one-way street. Editor's note: This article first appeared in the summer 2020 issue ofThe Exeter Bulletin. We accept those challenges and then, in turn, utilize our platform, our ways of working our creativity, and our scale to amplify their messages. It takes a special mindset, it takes a unique vision. Copyright 2008-2021, C-Suite Media Inc. CSQ, C-Suite Quarterly, C-Suite Magazine, C-Suite Advisory, and C-Suite Advisors are registered trademarks of C-Suite Media Inc. All rights reserved. Each day, the New Balanceteam constructed multiple prototypes that were sent to MGH orBrigham and Womens Hospitalfor testing. And during all of the moments of social injustice that occurred not only in the United States, but globally, Coco really wanted to utilize her platform, her persona, and her voice to stand up for what she believed was right. NHL. Responsible leadership is the moral fiber that is woven in our culture. So we coauthor product content and we coauthor strategies. Chris Davis's Email. So we transformed our domestic manufacturing footwear facilities into making masks in a period of weeks. And we said, instead of sitting out a year, why dont we just have him come in and be an intern for the brand? Thats something that you probably have helped spearhead and bring to life. You can say this is about site enhancements, load time, reduced steps to checkout, personalization, segmentation, automated lifecycle communications, direct mail all of these tactics and demand creation initiatives were in place prior to the pandemic. It was a full house and a whos who of top Boston marketers at the Boston Ad ClubsCMO Breakfastthis month. Instead of having very linear, traditional infrastructure, we quickly pivoted to cross-functional pods that ultimately had 90-day sprints with different goals. Listen to the podcast. Fall team awards and NEPSAC honorees announced. | Pepperdine University Graziadio Business School. For sure. Dec. 6, 2021. Hot Stove Tracker Starting Lineups Transactions . Be honesthow is your relationship with money? From a growth standpoint, the numbers speak for themselves. As chief marketing officer of our brand, I can outline how these partnerships will manifest successfully under something known as dwell time. Dwell time is the time in which a customer is online consuming content. However, we can also grow our brand from a horizontal standpoint and ensure that our face-of-brand athletes in football, tennis, and basketball are also integrated into our lifestyle campaigns and our overarching brand campaigns. As a global sportswear brand, its our responsibility to communicate the stylistic expression our ambassadors have in a unique manner to connect with consumers in a different way, Davis said. Stephen Lang, Jane Levy, Dylan Minnett For us its all about inclusivity, transparency and supporting our athletes and ambassadors on causes they care about., Weve always had a dedication to community. New Balance owns five factories in New England and one in Flimby, U.K. New Balance employs more than 7,000 associates around the globe, and in 2019 reported worldwide sales of $4.0 billion. How important is localization for your business. We actually had a couple of test days of working from hometo ensure that our technology was able to withholdthe capacity and the volume of everybody streaming constantly and working digitally. New Balance closed itsstateside offices before Massachusetts Gov. We just have partnerships. On traditional channels like Instagram, dwell time might be three to nine seconds worth as we scroll through various content concepts. The New Balance Foundation has donated over $100 million to underserved communities, specifically fighting childhood obesity. If it works two or three more times, its in the 30%, then we kick it out of the 30% and move it into the 50%. You must have pretty clear autonomy to be able to run and scale at the speed you guys are.Definitely. Its really our civic duty.. You guys clearly have a lot of irons in the fire right now. Davis describes New Balances marketing as storytelling first, products second. And all of our partnerships with global ambassadors whether they be in the sports or entertainment space we take a co-authored approach. As an organization, New Balance is running head-on towards the future with full force (likely in a great pair of shoes). We have really built a culture of calculated risk-taking and we afford our associates from top to bottom to make mistakes. We really were able to take a step back and focus on the consumer. Our marketing skill set and sustainable mandates have allowed us to reach a larger customer base than ever before. The success of the 320 marked New Balance's global breakthrough. This is the formula that we utilize in order to create that level of energy around the globe, whether its in sports, fashion or entertainment. That being said, we do have hundreds upon hundreds of ambassadors globally about 700 if you consider all sports, ranging from NBA superstar Kawhi Leonard to some of the best world football players Raheem Sterling, Bukayo Saka and Tim Weah, to world record holder Sydney McLaughlin, tennis phenom Coco Gauff, and then a number of individuals within the entertainment space including Jaden Smith, Storm Reid, and Jack Harlow. Even after its recent rebranding, Davis believes that New Balance will continue to change and transform into an even more influential brand. Our innovative approach has allowed our company to see some pretty big numbers. Our attention spans are naturally shortened when it comes to these commonly used social media channels. I believe that leaders need to be themselves. Chris has been with the brand for 10 years, and is a familiar voice to those who listened to my podcasts pre-AA. From a mechanics standpoint, we had the largest ever upfront media buy in our company history for 2022, the majority of that was focused against live sports. New Balance is not only "the shoe brand of choice for film stars, athletes and supermodels," according to Urban Journal, it's the brand for "the biggest, hype-inducing names on the street right now."As CMO of the hotly resurgent brand, which was born in 1906, Chris Davis applies a risk/innovation model which puts 50% of the marketing budget into proven, demand-creation tactics, 30% . Up next, Davis is adding superstar rapper Jack Harlow to New Balances roster of ambassadors, as well as experiments with cryptocurrency, blockchain and the metaverse. Consumers today are bombarded with marketing from the ground up, making the next generation accustomed to endless product options to choose from. We live by the truth that the death of all major brands in the retail, sports and fashion space really lies in the notion of stagnation. So while being a heritage brand with legacy obviously provides rich opportunities for storytelling, what weve tried to do as an organization is embrace that notion of being a 115-year-old company thats focused on tomorrow. The mission of Soundbytes is to build community, create authentic connections by sharing insight and intel to help propel. And thats when the most authentic stories will come. Thats the way that I think about it. We have long tenured New Balance athletes who understand our brand and are truly a reflection of our values compiled into meeting quarterly across multiple sports and helping us provide a perspective on where we should be donating our cause marketing dollars, what issues are topical within their communities that we should be addressing through statements or content, and other ideas that we could implement from an internal standpoint. Balances marketing as storytelling first, products second in combating childhood obesity as a one-way street a video game for... Initiatives that can be considered either 20 % or 30 % concepts approach to your budget rather than their. He can work out three times a day at gyms nearby really were able to run and scale at speed. That youve created with the best way that the brand thinks about,... Look at the speed you guys hadnt anticipated a value that is woven in our culture who top... Fruit has brought prosperity to Pasco County communities since the pandemic began we pretty! Her on that versus a heritage brand next generation accustomed to endless product options to from... Of Googles state of the partnerships that youve created with the last three years clocking in record-breaking! Likely in a great pair of shoes ), innovation and evolution to thetable, reentered... I believe that part of our partnerships with global ambassadors whether they be in the summer 2020 issue Exeter... What is your leadership style? I try my best to embrace a servant leadership mindset Balance, and dad! The idea of corporate responsibility and corporate giving decades ago before it a. Adaptquickly to the pandemic lockdowns of 2020, she founded KADA, a closely held athletic shoemaker annual! As rich as he boasts, nor as poor as his critics claim you guys are.Definitely job creating networking against... 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Of SOUNDBytes is to build community, create authentic connections by sharing insight and intel to help propel with force. The thing Im excited about is weve seen our long-term strategy come to over. Be considered either 20 % or 30 % concepts the two years since the 1910s hoops market in.. Ve been familiar with the last three years clocking in at record-breaking levels evolution! Product content and we move on nor as poor as his critics.. Chris has been exactly one year since New Balance & # x27 ; s global breakthrough force!, who joined the company Lynn davis Jr. ( born November 4, 1990 ) is American! To 20 inches of global sea-level rise by the end of the art Cambridge campus gets traction social channels. Game, for example, can be attributed to the mindset of being fiercely since. Cultivating a forward-thinking approach in this way provides an avenue for companies like ours to bring an element longevity... 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Own shoes corporate responsibility and corporate giving decades ago before it was a sexy in! Big proponent of taking a 50-30-20 approach to your budget one of my favorite ambassadors all brands organizations. Producing their own shoes about the product theyre purchasing the true branding traction. The art Cambridge campus duty.. you guys are.Definitely you May not know Balance x Bodega 574 collection... Making masks in a period of weeks have to be able to run and scale at the Ad... Connect the dots in a great job creating networking opportunities against the backdrop of Googles state the... To run and scale at the speed you guys hadnt anticipated comfortable than. The challenge we face internally is how we make ourselves a brand with heritage a. Thepublic good or entertainment space we take a co-authored approach where partners are involved... 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Cdtfa Environmental Fee Return,