A key component of Santa Clarita’s great lifestyle are the various ongoing events in the community. These events welcome both children and adults, and include a wide cross-section of interests – helping make the Santa Clarita Valley a good location for business by providing the desired lifestyle options to their personnel.
Recruiting great talent gets more challenging every day. As noted recently by Bisnow, “Today’s young talent is much more concerned with a city’s lifestyle offerings than its job market. This shift in priorities has forced companies to follow the talent, investing millions in office development and expansion in the country’s leading and secondary markets — a trend that is growing in prevalence as the labor market tightens and young talent becomes more scarce."
The California Association for Local Economic Development (CALED), a state-wide, California professional economic development organization, announced the winners of their CALED Awards at their annual conference on March 22nd. The Santa Clarita Valley Economic Development Corporation (SCVEDC) is pleased to win an award of merit for our Business Assistance Visitation Program for 2016-2017, following an Award of Merit for our 40 for 40 incentive program for the 2015-2016 year.
On March 10, commercial brokers and developers active in the Santa Clarita Valley community joined civic leaders and community representatives for a breakfast to celebrate the 24 Power Brokers for the year of 2016, as ranked by the Santa Clarita Valley Economic Development Corporation (SCVEDC). The award ceremony was held at the Dr. Dianne Van Hook University Center on the campus of the College of the Canyons, and was the fourth occurrence of the SCVEDC’s annual event.
2016 was another great year for the Santa Clarita Valley Economic Development Corporation (SCVEDC) and as a result, for the Santa Clarita Valley (SCV). With its focus on developing business in the SCV, the SCVEDC delivered again in 2016. Here are some of the highlights from the 2016 SCVEDC Annual Report!
Santa Clarita was recently named 27th out of 350 Best Places to Start a Family by LendEDU, and 5th in California. Their unique scoring system ranked cities by the quality of public education, cost of first home, crime and safety rates, and percentage of young families. This honor is added to a long list of accolades the city has received, including Best Places to Live in California, Best Places to Retire, and Most Business-Friendly City in Los Angeles County.
A key component of Santa Clarita’s great lifestyle are the various ongoing events in the community. These events are for both children and adults, and include a wide cross-section of interests – helping make the Santa Clarita Valley a good location for business by providing the desired lifestyle options to their personnel.
IAC Commerce Center held their Wall Tilting ceremony this week after delays due to excessive rain. This contemporary, state-of-the-art industrial development is located adjacent to the Valencia Commerce Center, one mile northwest of the Interstate 5 and Highway 126 interchange.
The City of Santa Clarita began its budgetary process this week for the upcoming fiscal year beginning in July. Santa Clarita has maintained a record of excellent financial stewardship over the years, which benefits both businesses and residents alike.
Did you know that the Santa Clarita Valley (SCV) has long been known as Hollywood’s backlot? Thanks to its close proximity to Hollywood and Los Angeles, its scenic backdrops, and filming incentive programs from the City, entertainment in the SCV has a long and storied history! All this vibrant television and film location filming added $33 million into the Santa Clarita economy last year. It’s the fourth consecutive year that the estimated economic impact generated from location filming has topped $30 million.
In April 2016, the California Legislature passed SB 3, which will eventually raise the state’s minimum wage to $15 per hour between 2017 and 2023. The bill sets two minimum wage rates, depending on whether an employer has 26 or more employees, or 25 or fewer employees. The increases are delayed for one year for employers of 25 or fewer employees.
2016 was an exceptional year for the economy of the Santa Clarita Valley, and 2017 promises more positive growth on the horizon. As we look ahead to new developments, expansions, and entertainment offerings, we are excited to see the Santa Clarita Valley continue to flourish and grow. These new additions and expansions support the SCV as a good location for business.
Last week, the Santa Clarita Valley Economic Development Corporation (SCVEDC) awarded its Industry Cluster Attraction Incentive to Scorpion, a leading Information Technology company in the Santa Clarita Valley. Scorpion is constructing a new Headquarters in the Santa Clarita Valley, with construction set to be completed later this year. The incentive reimburses Scorpion for permit fees incurred during the permitting process of up to $40,000, and is just one of the many SCV business services and resources provided by the SCVEDC.
Each year, the Santa Clarita Valley Economic Development Corporation (SCVEDC) and College of the Canyons (COC) host the Spring release of the Santa Clarita Economic Outlook Forecast at the Santa Clarita Economic Outlook Conference. Mark Schniepp, Director of the California Economic Forecast, and Mark Vitner, Managing Director, Senior Economist at Wells Fargo, this year’s featured economists, will provide an in-depth forecast of our national and local economies, as well as discuss global megatrends.
Did you know about the California Competes Tax Credit? It’s an income tax credit available to businesses who want to come, stay or grow in California. Through a two-phase process, businesses apply and compete for this credit during three application periods each year. It’s just one of the many business services the Santa Clarita Valley Economic Development Corporation (SCVEDC) supports in the Santa Clarita Valley. Another great reason to explore relocating to the SCV.
As I reflect on 2016, the word that best sums up the year is Expansion! In so many significant ways, the Santa Clarita Valley (SCV) and the Santa Clarita Valley Economic Development Corporation (SCVEDC) have experienced exciting levels of expansion this year.
College of the Canyons has been awarded the California Apprenticeship Initiative Grant for the upcoming year. This award of $260,000 will provide Related Supplemental Instruction for 13 apprentices at AMS Fulfillment, a Santa Clarita-based fulfillment and distribution center. The SCVEDC works closely with College of the Canyons to support business services such as this to the Santa Clarita Valley.
Scorpion, one of the fastest growing website design and Internet marketing firms in North America serving legal, healthcare, franchise, and home service clients, broke ground today on their new corporate headquarters in the Santa Clarita Valley. Scorpion’s new headquarters will be the first creative office building of its kind in the area and will prominently feature an environmentally conscious, employee-centric design.
November is a time to give thanks and a time for reflection as we approach the year’s end. I find myself reflecting on, among other things, my appreciation for our local economy.
On Thursday night, the Los Angeles Economic Development Corporation recognized the City of Santa Clarita as the Most Business Friendly City with a population greater than 68,000 and the City of Pico Rivera as the Most Business Friendly City with a population under 68,000.
Congratulations to Holly Schroeder, President & CEO of the Santa Clarita Valley Economic Development Corporation, for being named as one of the 200 most influential leaders by the San Fernando Valley Business Journal (SFVBJ) in its inaugural issue of "The Valley 200."
In advance of the Reagan National Defense Forum, General T. Michael Moseley, Air Force Chief of Staff (Retired) will speak in the Santa Clarita Valley on December 2, 2016. General Moseley will give a talk entitled, “A National Security Dialog: What We’re Facing Over the Next Decade.”
I recently penned a column in the Santa Clarita Valley Business Journal suggesting that the key to our economic future is the fact that the SCV is slated to grow substantially in the next several decades. Last Thursday, FivePoint Communities announced a new vision for Newhall Ranch that can transform that idea into reality.
Since the Santa Clarita Valley Economic Development Corporation was formed more than six years ago, it has helped bring thousands of new jobs to the Santa Clarita Valley. We help recruit companies to the SCV, especially companies seeking a more business friendly environment who are at risk of moving out of state. We also help local companies solve problems and access incentives like workforce training programs and tax credits. Job growth in the Santa Clarita Valley outpaces statewide job growth, and in recent years has outpaced residential construction, creating a jobs-to-housing ratio that is now nearly balanced. With new industrial construction underway, we have the opportunity to locate even more jobs here in the next several years.
This morning, SCVEDC and College of the Canyons met with local manufacturers to discuss the launch of the Canyons Apprenticeship Program (CAP) that will help companies find and train talented employees. Building off apprenticeship programs already approved by the US Department of Labor, COC will administer the programs, which combine on-the-job learning with job-related instruction.
The largest credit union in Los Angeles County is moving from its current Burbank location to a brand new modern building in the Santa Clarita Valley.
The well-attended event attracted public officials from all levels, and the different functions the public officials serve reflect the complex coordination behind a community’s economic development.
“The Henry Mayo hospital, along with College of the Canyons and our great school system, is a key building block of our great community.”
The Board of Directors of the Santa Clarita Valley Economic Development Corporation recently evaluated two LA County ballot measures that impose new taxes: Measure M and Measure A
October 7 is the National Manufacturing Day, and in the Santa Clarita Valley, it is celebrated with a special focus on the younger generation and features a variety of activities.