Honoring Santa Clarita Valley's Largest Employers
Industrial Market in SCV Never Missed a Beat
While the COVID-19 crisis initially gave many companies pause for good reason, 2020 was an exceptionally good year for industrial real estate across the board, the Santa Clarita Valley included. In 2020, the SCVEDC was pleased to announce that several new companies chose to locate in the Santa Clarita Valley including two Amazon fulfillment centers, DrinkPAK, a beverage manufacturer, and a state-of-the-art medical testing lab. Several SCV companies expanded as well, including P3 Inc., LA North Studios, Lief Labs, 24/7 Events and Mellady Direct Marketing.
Santa Clarita Valley’s Medical Professionals Rise to the Challenge
There is no doubt that 2020 was a challenging year for all, but most especially those on the front lines caring for those who are gravely ill with COVID-19. It was hard to predict in March how our region would be affected, but those heading up the medical response had been preparing for something like this for a long time.
Save the DATES for the 2021 Economic Outlook Forecast!
Two Events - Fall & Spring
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 2021 and beyond? If you answered yes! to any of these questions, you need to attend our 2021 Economic Outlook Forecast events!
GO-Biz Hosting Webinars for Businesses Interested in Applying for
$80 Million in Tax Credits
Have you heard about the California Competes Tax Credit? 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.
Three Important Online Resources Offered by SCVEDC
The Santa Clarita Valley Economic Development Corporation is an organization dedicated to attracting, retaining, and growing business opportunities for the Santa Clarita Valley. That mission is more important than ever. While most of our usual face-to-face meetings are temporarily on hold during the COVID-19 pandemic, SCVEDC has many online resources to help your company with a variety of issues you may face. Here are just a few free resources to help your business:
Filming is Back in the Santa Clarita Valley
Hollywood North has become a common moniker of the Santa Clarita Valley in reference to the large amount of filming that takes place here. And it’s true – there are many TV shows, feature films, music videos and commercials shot in our region. After an industry-wide shutdown affecting film and television productions and thousands of workers due to the COVID-19 pandemic, filming is finally back, and SCV sound stages are filling up quickly.
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.
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.
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.
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.
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.
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.
SCV Community Steps-Up During Coronavirus Crisis
The Santa Clarita Valley has had more than its fair share of challenges this year, and the current COVID-19 pandemic is certainly one of them. But despite it all, our tight-knit community has a reputation for stepping up and taking care of each other. From folks offering to run errands for elderly or sick neighbors to businesses finding creative solutions in the face of seemingly insurmountable obstacles, I am in awe of how our community responds to difficult situations.
17 Steps to Help Your Business Deal with Coronavirus
Social distancing is key
SCVEDC presents the following recommendations to help businesses weather the slowdown caused by coronavirus as recommended by LAEDC. As with any recommendations, we ask readers to evaluate the merit of each, based on their own organization’s needs. Businesses which are experiencing significant economic harm can contact SCVEDC for strategic assistance, confidentially and at no cost, as part of SCVEDC’s nonprofit mission. Email email@example.com for assistance or call our office. 661.288.4400. For local information on the Coronavirus CLICK HERE.
Spotlight: Leading Med Tech Companies that Call SCV Home
The Santa Clarita Valley (SCV) is home to a growing cluster of medical device and bioscience companies that are leading the way in the discovery and engineering of noteworthy advancements in the field. Alfred Mann made the SCV the headquarters of several cutting-edge companies, housing many of them in the Southern California Innovation Park (formerly Mann Biomedical Park) and nearby industrial centers. SCV’s high quality of life, strong training infrastructure and talented workforce are just a few factors that make our region an ideal location for medical device and bioscience companies. Let’s take a look at just a few medical device and biotech companies that call SCV home.
SCVEDC Receives CALED Award of Excellence
The Santa Clarita Valley Economic Development Corporation received a significant recognition this week from the California Association for Local Economic Development and has been honored with an Award of Excellence in their Programs Category for our LiveWorkSCV.com job board
2019 - Another Year of Growth and Development for the Santa Clarita Valley
Each year, the Santa Clarita Valley Economic Development Corporation (SCVEDC) compiles an annual report that details our key accomplishments that help us further our mission. Our organization gets stronger each year and is supported by a fantastic Board of Directors. This dynamic group of leaders is dedicated to the Santa Clarita Valley (SCV) and we could not do what we do without them. SCVEDC remains focused on 4 key areas: business attraction & expansion, business retention, community marketing, and economic research and data.
New Development = Job Creation
New development might seem undesirable to some, but there are a wide range of positive effects it can have on the local economy. A whole host of jobs are required just to build one building: contractors, managers, engineers, and inspectors are just some of the many jobs that new development requires. However, the impact of new commercial, industrial, and standard office development on job creation reaches far beyond new construction. After all, once the development is completed it isn’t finished creating jobs. Manufacturing companies, offices and retail locations need employees. These are all things that grow the local economy and help it to thrive.
Ok Boomer – Make Way for the Rise of the Millennials
It’s a little-known fact, but Millennials make up the largest generation in the U.S. and California. In 2018 there were 11.2 million Millennials in the state and fewer than 9.3 million people in any other generation. Millennials are also the largest generation in SCV at 81,000, placing them ahead of the 76,000 Baby Boomers.
SCVEDC Hosts Local Companies for Roundtable on China Trade
SCVEDC was approached in early December by U.S. Commercial Service, U.S. Department of Commerce with an invitation to coordinate an event on doing business in China. A Roundtable was convened on January 7, 2020 with business leaders of local companies that are currently exporting to China or are interested in learning how they can expand their trade into this country. The venue also gave businesses the opportunity to discuss their challenges in China trade and learn how U.S. Commercial Service can assist in global expansion.
Five New Year’s Resolutions for Employers
The start of a new year brings the inevitable personal New Year’s Resolutions. While those are often fleeting, this can be a great time for employers to assess their priorities and take action to build a great team. Here are my recommendations for five New Year’s Resolutions that will help strengthen your business in 2020 and beyond.
Emergency Preparation: Getting Ready for an External Disaster
SCV’s Growth Means More (and Better) Jobs for Residents
If you’ve driven out the 14 or 126 highways recently, you have probably noticed the amount of development and construction along those corridors. And if you’re on Facebook, you’ve probably noticed that some people aren’t happy about that. I’d like to share why this growth is beneficial to the Santa Clarita Valley economy and the people who live here.
The Impact of Health on the Workplace
It’s not exactly a shocking revelation that leading a healthy lifestyle can improve your physical and mental well being, but did you know that it can also have a profound effect on your performance at work, as well? Recently, we’ve begun to see companies incentivize employees with wellness programs, access to onsite workout facilities or discounted health club memberships, and mindfulness/meditation training to not only improve productivity, but also increase employee satisfaction.