SCVEDC Blog

Holly Schroder named Chair of the Los Angeles County Workforce Development Board

Holly Schroeder, President and CEO of the Santa Clarita Valley Economic Development Corporation (SCVEDC) has been selected by fellow Workforce Development Board Commissioners to serve as Chair of the Los Angeles County Workforce Development Board (WDB).

Lief Labs Expands Again in SCV

Lief Labs, a nutritional supplement manufacturing company, leased a 52,000 SF industrial building at IAC Commerce Center, adding to their 112,000 square-foot facility that houses their corporate headquarters, manufacturing, and distribution center that they leased in October of 2018.

The NEW 2020 Economic Outlook Forecast 

The economic shutdown due to the COVID-19 pandemic coincided almost perfectly with the Santa Clarita Valley Economic Development Corporation’s previously scheduled, and ultimately canceled, Economic Outlook Forecast on March 12. In the six months that have ensued, SCVEDC's economist, Dr. Mark Schniepp of California Economic Forecast has been keeping a close eye on the rapidly evolving economic impacts of the shutdown on a national, state and local level.  On September 17, 2020, Schniepp presented a revised Economic Outlook Forecast at our rescheduled virtual conference. Though an economic recovery is underway, he predicts it will proceed slowly for the rest of the year and that full recovery will be out of reach until a vaccine or cure for COVID-19 is widely available. 

Applications are now open for Startup Boost Los Angeles Fall cohort and will close on September 16th, 2020. 

Startup Boost, a mentorship driven program aimed at guiding pre-seed/seed stage startups to accelerators, investment, and/or revenue (AIR), is now accepting applications for participants in their fall cohort.

New Testing Lab to Open in Santa Clarita Valley

The Santa Clarita Valley Economic Development Corporation is pleased to announce that the State of California plans to open a new medical testing lab in the Santa Clarita Valley. The state is in final lease negotiations on a property in the Livingston Technology Park that features 12,000 square feet of Class 7 and 8 clean room space in the 134,287 square foot facility.

New Brain Stimulation Center to Open in SCV

Santa Clarita, CA -- The Santa Clarita Valley Economic Development Corporation (SCVEDC) has announced the opening of BrainStim Centers, Inc., in the Santa Clarita Valley. Brainstim Centers, Inc., focuses on supporting brain health through the process of transcranial magnetic stimulation (TMS). Local and innovative neurosurgeon Dr. Mark Liker, who initiated and leads the center, anticipates that it will be the first of several such state-of-the-art therapeutic centers in California.

Southern California Edison's Wildfire Mitigation Plan

Since many businesses experienced SCE power shutoffs last year, SCVEDC has been communicating with officials at the organization about its fire prevention and mitigation plans.

Earlier this year, Southern California Edison announced plans to inspect thousands of miles of power lines, remove trees as necessary in high-risk areas, and segment certain components of power lines as part of a $582 million Wildfire Mitigation Plan. These improvements greatly reduce the likelihood of wildfires and preemptive, public safety power shutoffs (PSPS) in SCV business parks. 

Five Reasons Why the ‘Burbs are Better than Ever

Covid-19 has considerably altered daily life in the United States and around the Globe. These changes have upended the way we shop, how we educate our children, and how we work; this pandemic is also likely to affect where we live.

 Riedel Communications Brings North American Headquarters to SCV 

The Santa Clarita Valley Economic Development Corporation is pleased to announce that Riedel Communications is relocating its North American headquarters to the Santa Clarita Valley. Riedel Communications designs, manufactures, and distributes innovative real-time networks for video, audio and communications. Its products are used for broadcast, pro-audio, event, sports, theatre and security applications worldwide. 

New Commercial and Industrial Development Will Help Spur Economic Recovery in SCV

The Santa Clarita Valley is growing, and that's a good thing. According to Dr. Mark Schniepp of California Economic Forecast, new commercial and industrial development and construction will help spur the economic recovery in our region.

California Competes Tax Credit Application Starts July 27

Have you heard about the California Competes Tax Credit (CCTC)? It’s a state income tax credit supporting growth of high quality jobs in California, available to businesses who want to come to, stay in, or grow in our state. Through a two-phase process, businesses apply and compete for this credit during three application periods each fiscal year.

Save the Date - SCV Economic Outlook Forecast is Rescheduled for September 17, 2020

Are you wondering how the Covid-19 crisis has impacted the economy of the Santa Clarita Valley, the state of California, the United States, and the world? Does your company rely on accurate and up-to-date demographic data for the region? Are you interested in how growth and development will shape Santa Clarita in 2020 and beyond? If you answered yes! to any of these questions, you need to attend our Virtual 2020 Economic Outlook Conference.

SCVEDC BOD Members and CEO Named to Valley 200

Several members of the Santa Clarita Valley Economic Development Corporation’s Board of Directors have been named to the San Fernando Valley Business Journal’s Valley 200 list announced on July 20. Holly Schroeder, President & CEO of SCVEDC has also been recognized as a Valley 200 Icon of Influence, along with SCV business owner Cheri Fleming, CEO of Acura of Valencia and SCVEDC Board Member Tamara Gurney, President of Mission Valley Bank.

Amazon Inks 2 Deals in the Santa Clarita Valley

Amazon has signed two leases for distribution centers in the Santa Clarita Valley; one in the Needham Ranch development in the City of Santa Clarita and the second at IAC Commerce Center in unincorporated Los Angeles County. 

Leading Aerospace Companies that Call SCV Home

The Santa Clarita Valley (SCV) is within easy reach of Los Angeles: only 30 miles from downtown LA and 7 miles from its northern border. The fastest-growing community in Los Angeles County, the Santa Clarita Valley is home to a population of nearly 300,000 and the third largest city in LA County, the City of Santa Clarita.

Newmark Knight Frank Negotiates 155,680-Square-Foot Industrial Lease at IAC Commerce Center in Valencia, CA

Newmark Knight Frank (“NKF”) announced it has negotiated a 155,680-square-foot industrial lease at 28820 Chase Place at IAC Commerce Center, which includes two adjacent lots totaling 23 acres, planned to be used as parking for the warehouse employees.

SCVEDC Partners with City of Santa Clarita to Launch Safer Business Commitment Program

To underscore the importance of businesses demonstrating their responsibility and caring of both employees and patrons as they reopen, the City of Santa Clarita in partnership with the Santa Clarita Valley Economic Development Corporation, The Chamber and VIA, has launched the “Santa Clarita Safer Business Commitment” initiative. SCV businesses are invited to publicly commit to take action by pledging to follow safety guidelines and best practices, as issued by the Centers for Disease Control and Prevention (CDC) and Los Angeles County Department of Public Health to continue slowing the spread of COVID-19.

Minimum Wage Increases for Businesses in Unincorporated LA County on July 1

Are you confused about the minimum wage increases? You’re not alone! The Santa Clarita Valley is in an especially unique situation in that the City of Santa Clarita and the County of Los Angeles have two different minimum wage increase schedules which has caused confusion and challenges for many of our local employers and residents alike.

LiveWorkSCV.com - The FREE Job Board for SCV Residents & Employers

As the economy begins the reopening process, many SCV residents have found themselves either searching for a new job after being furloughed or laid off, or are seeking a career closer to home due to continuing uncertainty. SCVEDC is here to help.

The New Economic Outlook - A Slow and Bumpy Recovery on the Way?

SCVEDC recently hosted a webinar with Dr. Mark Schniepp from the California Economic Forecast to get an update on the current state of the economy and learn what has changed over the past few months. This webinar was part of a series co-hosted with the SCV Chamber and funded in part by a grant from the Wells Fargo Foundation. Here is a brief recap of the New Economic Outlook as presented by Dr. Schniepp:

8 Steps to Speed the Economic Recovery for All

This op-ed was originally published in the Santa Clarita Valley Signal

The Santa Clarita Valley Economic Development Corp. is a public-private partnership focused on growing jobs in the Santa Clarita Valley. Economic development will be more important than ever going forward, and all of our partners will play a role in the recovery of our economy.

SCVEDC and SCV Chamber Host Back2Business Webinar Series to Aid Businesses in Reopening

The Santa Clarita Valley Economic Development Corporation in partnership with the SCV Chamber of Commerce launched a webinar series in May to provide insights on many aspects that businesses need to consider as they plan strategies for rescaling and reopening. This Back2Business series, supported by a grant from Wells Fargo Foundation, uniquely engages SCV business and community leadership in sharing their experiences to date, outlook in the coming months, and practical guidance to both B2B and B2C businesses in the Santa Clarita Valley. Seven webinars were held in May.

SCVEDC CEO selected to participate in Business - Corporate/Manufacturing Working Group as part of LA County’s new Economic Resiliency Task Force

Holly Schroeder, President & CEO of the Santa Clarita Valley Economic Development Corporation has been invited by Supervisor Kathryn Barger to participate in the Business – Corporate / Manufacturing working group that will report to the County’s new Economic Resiliency Task Force. The Task Force met for the first time on Friday, May 8, 2020.

Economic Development - More Important than Ever

This is an op-ed originally published in the Signal by SCVEDC Co-Chairs Calvin Hedman and Roger Seaver.

This week is National Economic Development week and the timing couldn’t be more perfect. As we look ahead to reopening the economy, economic development is going to be more important than ever.

The California Association for Local Economic Development (CALED) announced today to their members that SCVEDC was awarded their prestigious 2019 Award of Excellence in the Programs category for their LiveWorkSCV.com job board. CALED’s annual competition invites economic development members to submit application in four categories, with one Award of Excellence selected for each. The timing coincides with the International Economic Development Council’s Economic Development Week, designed to increase awareness for local programs that create jobs, advance career development opportunities and increase the quality of life in communities everywhere.

SCVEDC HOSTS NATIONAL ECONOMIC DEVELOPMENT WEEK CELEBRATION - MAY 4-9, 2020

SANTA CLARITA, CA – The Santa Clarita Valley Economic Development Corporation (SCVEDC) joins cities nationwide to increase awareness of the positive work economic developers do to enhance local economic impact.

SCV Businesses Pursue CARES Act/COVID 3.5 Funding

With the new $484 billion coronavirus stimulus bill signed by the President today, hope is renewed for SCV businesses to obtain COVID-19 financial relief. The new bill brings $310 billion to replenish the Paycheck Protection Program (PPP), with additional guarantees that a portion of the funds must be granted by smaller lenders that cater to truly small, local businesses. At least $60 billion must be granted for PPP by small banks, community financial institutions, and credit unions.

The Future of Workplaces -- Post COVID-19

Despite the fact that so much is still unknown, employers are already beginning to consider how their workplaces will look and operate after “stay at home” orders are lifted. And while the future is impossible to predict, we can already see changes in how people do work, where they do work and how workplaces are configured that might give us some insight.

SCVEDC Honors the Power Brokers of 2019

Here at the Santa Clarita Valley Economic Development Corporation, we’re invested not just in growing our local businesses, but attracting great companies to the region with a focus on industries that provide our residents with high quality, high paying jobs.