Over the past few months, there have been some internal staffing changes for long-standing members of the SCVEDC. Our prior Director of Business Assistance for 7 years, Sue Arellano, retired back in May and was replaced by Dr. Jey Wagner. This September also saw our previous President and CEO Holly Schroeder making her own career transition after leading the SCVEDC for over 10 years. With Dr. Wagner taking over the President and CEO role for Holly, we are pleased to announce that veteran economic developer Ondré Seltzer will be taking over Wagner’s prior role as VP of Workforce and Economic Development.

Manufacturing Day is an annual national celebration to help students discover what modern manufacturing is all about, and for years in Santa Clarita private and public organizations have come together to introduce students first-hand to how manufacturing, engineering, robotics, logistics, and quality control all play a role in shaping our world.

This year's Manufacturing Day in the SCV was certainly an iconic one. It was a day filled with excitement as the College of the Canyons unveiled its brand new Advanced Technology Center (ATC) on Thursday, October 5th. The grand opening was followed by a bustling gathering the next day, where hundreds of students and community members eagerly explored the possibilities of advanced manufacturing technologies and potential career paths.

The SCVEDC is excited to announce that we were recently honored for excellence in economic development by the International Economic Development Council (IEDC) in two distinct categories. For both the Business Retention & Expansion (BRE) Initiatives and Print Brochures categories impacting populations between 200,000 - 500,000 residents, the SCVEDC was recognized for two of last year's projects: The 2022 Business Survey, and the SCV Talent Report.

Logix Federal Credit Union provides a shining example of how a cultural commitment to employee training and career development delivers stunning results: improved morale, employee retention, and promotional advancements. In a time where businesses both large and small struggle to retain and attract needed talent, Logix has found that investing in their own employees delivers bottom-line results. Though training programs cost time and money, Logix has tapped into a wealth of financial support through state-subsidized training pathways, available through resources right here in the Santa Clarita Valley.

SANTA CLARITA VALLEY, CA – After completion of a nationwide search, the Board of Directors for the Santa Clarita Valley Economic Development Corporation (SCVEDC) announced today the promotion of current Vice President of Workforce & Economic Development, Dr. Jey Wagner, to the role of President & CEO, as successor to Holly Schroeder. To ensure a seamless leadership transition, Schroeder will remain in her position through the organization’s premier event, Economic Outlook, on September 15, 2023. Schroeder is leaving to pursue new career opportunities at a local advanced manufacturer, DrinkPAK.

The SCVEDC would like to congratulate everyone who made this years list of most influential leaders in the region, including our own President & CEO - Holly Schroeder. Several members of the Santa Clarita Valley Economic Development Corporation’s Board of Directors have also been named to the San Fernando Valley Business Journal’s Valley 200 list announced on July 31st.

“[The Valley 200 list] is 200 people we consider the most influential in our area - the San Fernando, Conejo, Santa Clarita, Simi and Antelope valleys,” wrote Charles Crumpley, SFVBJ publisher and editor, in the August 1st, 2022 edition of the bi-weekly business publication. “They are the leaders we depend on, the ones whose work – whether at the office or in nonprofits or in other ways –improve our community and make our local economy sturdier. [W]e also tend to select those who are active – in professional, political and community organizations.”

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 (FY).

Here's how it works: Phase I is an online application process, where businesses submit information on their 5-year growth plans including a comprehensive description of their growth project, projected new hires and wages, projected amount of investment equipment and facilities, and their requested tax credit. A cost-benefit ratio is then calculated, and companies with the most advantageous cost-benefit ratio (and additional factors) move on to Phase II for final agreement negotiation and selection. Phase ll applicants must then be approved by the California Competes Tax Credit Committee

On Tuesday night Holly Schroeder, President & CEO of the Santa Clarita Valley Economic Development Corporation, released the 2022 SCVEDC Annual Report to the City Council. It featured our organization's business attraction and retention, business assistance, economic information & research, and community marketing efforts.

Click here for the presentation slides, and read below for more details!

Minimum Wage Increase for Businesses within City of Santa Clarita on January 1st, 2023.

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.

The City increases its wages in keeping with the State of California’s schedule (January - December), while the County of Los Angeles has adopted a wage increase schedule based on their fiscal calendar (July - June).

The SCVEDC would like to congratulate everyone who made this years list of most influential leaders in the region, including our own President & CEO - Holly Schroeder. Several members of the Santa Clarita Valley Economic Development Corporation’s Board of Directors have also been named to the San Fernando Valley Business Journal’s Valley 200 list announced on August 1st.

“[The Valley 200 list] is 200 people we consider the most influential in our area - the San Fernando, Conejo, Santa Clarita, Simi and Antelope valleys,” writes Charles Crumpley, SFVBJ publisher and editor, in the August 1st, 2022 edition of the bi-weekly business publication. “They are the leaders we depend on, the ones whose work – whether at the office or in nonprofits or in other ways –improve our community and make our local economy sturdier. [W]e also tend to select those who are active – in professional, political and community organizations.”

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.

Here's how it works: Phase I is an online application process, where businesses submit information on their 5-year growth plans including a comprehensive description of their growth project, projected new hires and wages, projected amount of investment equipment and facilities, and their requested tax credit. A cost-benefit ratio is then calculated, and companies with the most advantageous cost-benefit ratio move on to Phase II for final negotiation and selection.

Curious about the Who, What, Where, When, and Why of Santa Clarita Valley? 

Since before 2006, our valley has seen steady population growth and Santa Clarita is the 3rd largest city in LA County. So what is drawing people to the SCV?

 Our rankings over the past year alone speak for themselves!

• 13th Fastest Growing City in US
• 15th Happiest City in the US
• 3rd Safest City in the Nation
• 8th Most Physically Active Mid-Sized City in America
• 4th Most Ambitious Business City in US

  THIS PAGE IS NOW OUT OF DATE.           VISIT OUR 2023 UPDATE            FOR THE MOST CURRENT INFORMATION!

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.

The City increases its wages in keeping with the State of California’s schedule (January - December), while the County of Los Angeles has adopted a wage increase schedule based on their fiscal calendar (July - June).