SCVEDC Blog

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.

January Marks Another Minimum Wage Increase in the City of Santa Clarita

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).

California Competes Tax Credit Application Starts in January

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.

Are high electricity costs forcing you to consider moving your company out of state? We have some good news for you! Southern California Edison (SCE) has reauthorized their Economic Development Rate (EDR) to attract, retain and expand businesses throughout their territories in California, offering a 12% discount on your energy bill over a 5-year period.

How to Create a Positive Mental Health Environment in the Workplace

Previously, we examined the employer’s role in work-life balance for their employees, but we don’t want to stop there. We want to take it one step further to an individual level and look at someone who often lets their own needs fall to the wayside: the business owner themselves.

S.T.R.E.A.M Expo Returns to Teach Innovation for MFG Day

October 3-4 marks the 5th annual MFG Day where industry leaders come together to educate students about careers in the advanced manufacturing industry. This is the second year SCVEDC is partnering with S.T.R.E.A.M. and other local organizations like College of the Canyons and William S. Hart School District to bring a two-day event for both parents and students to focus on the future of innovation.

Spotlight: Leading Tech Companies that Call SCV Home

When you think of “booming tech hub,” you’re probably more inclined to think Silicon Valley than Santa Clarita. But the truth is that over the past few years more companies are moving out of Silicon Valley and looking for locations with a greater quality of life that corresponds to the desires of their workforce.

Three Biotechnology and Medical Device Trends to Watch This Year

Constant evolution in technology has driven change in every aspect of our lives. From the way we consume content and communicate to how we perform our daily job duties, it’s often difficult to remember what life was like before we were constantly connected. When it comes to biotech and medical devices, there is no exception; constant evolution means changing the way we provide and receive care on a regular basis.

San Fernando Valley International Trade Conference

With more than 2 Million residents, Northern Los Angeles County is one of the most thriving regions for LA area businesses. While known for its concentration of film and entertainment companies, Santa Clarita Valley and San Fernando Valley employ thousands of engineers and designers in the Aerospace sector. Aerospace sector in Los Angeles is the 2nd largest export sector in US behind Washington State with over 4000 firms in Southern California.

Go-Biz Hosting Webinars for Businesses Interested in Applying for Tax Credits

Have you heard about the California Competes Tax Credit?  It’s an 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 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. 

SCVEDC Co-Hosts Supply Chain Workshop

On October 25th, more than 30 small businesses in the Santa Clarita Valley, Antelope Valley and surrounding areas had the unique opportunity to meet resource partners at the Northern Los Angeles County Defense Supply Chain Business Resource Event. Funded by the California Advanced Supply Chain Analysis and Diversification Effort (CASCADE) initiative of the DoD, its purpose was to introduce businesses interested in or already participating in government defense contracting to a host of resource connections throughout the State of California that can help them better compete and win contracts.

SCV Celebrates Careers in Advanced Technology at MFG Day 2018

2018 marked the fourth year of collaboration between the William S. Hart School District, College of the Canyons, City of Santa Clarita, California Manufacturing Technology Consultants (CMTC) and our own SCVEDC to deliver a Manufacturing Day experience in SCV, this year in a new format that was exceptionally well received by close to 900 middle school and high school students. Stream Kids Expo became a new partner and driver of Manufacturing Day, with events spanning both Thursday evening, Oct. 4th, and Friday Oct. 5th.

The History and Evolution of Aerospace Manufacturing

When it comes to the manufacturing industry, it’s impossible to ignore the aerospace cluster which employs more than 350,000 people in California alone. In fact, for the first time in over a decade, more jobs in the industry are flowing into the United States rather than to foreign countries. We’ve come a long way from the wooden aircraft of the early 20^th century flown by Orville and Wilbur Wright, however, so let’s look at how aerospace manufacturing has evolved since the first flight in 1903.

Save the Date - Defense Supply Chain Business Resource Event on October 25

Are you looking to grow and diversify your business? On October 25, businesses in Santa Clarita Valley, Antelope Valley and surrounding areas will have the unique opportunity to meet resource partners at the Northern Los Angeles County Defense Supply Chain Business Resource Event. All businesses interested or already participating in government contracting are welcome. Defense contractors or subcontractors are especially encouraged to attend.

Behind the Behind-the-Scenes

If you’ve ever been to a theme park, 4D show, concert, trade show, or even a museum, chances are you’ve seen some form of visual and special effects. But even after experiencing them, you probably have no idea how much actually goes into the production behind the scenes beyond CGI and other digital effects.

California Reauthorizes CA Competes Tax Credit for 2018-2019

Have you heard about the California Competes Tax Credit? It’s an 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 year.

Nourishing Your Body – Sourcing and Manufacturing Quality Supplements

Nutrition isn’t probably what comes to mind when you hear the words “Advanced Manufacturing,” but it fits the bill when it comes to sourcing and creating dietary supplements, particularly in adhering to strict FDA regulations. Several manufacturers behind American health and wellness brands call SCV home and conduct research and development for their own brands (as well as aspiring ones) right in our own backyard!

SCVEDC is Your One-Stop Resource

We’re halfway through 2018 already! Business Assistance services continues build and we’re meeting more and more of the companies in our valley, supporting jobs growth and helping our local economy flourish. In fact, we’ve already held 60 meetings with local companies and completed close to 100 assistance requests.

There’s no denying that our current society is dominated by technology. Go anywhere – the gym, the grocery store, even the park – and you’ll see countless people looking down at the screens in their hands. Even restaurants cater to the addiction, with many sporting free Wi-Fi and televisions in prominent places for their patrons to encourage them to stay longer and consume more.

Vista Canyon’s First Mixed Use Structure Debuts for Broker Community

On Thursday, June 7, 2018, JSB Development showcased the first of Vista Canyon’s mixed use retail/office structures in an introduction to the SCV commercial brokerage community.

Career Kickstarter: 5 Advantages of Taking an Internship

Last week we talked about the myriad ways companies can benefit from taking on an intern or two.

Today we’d like to flip the script and address all the young people out there – those of you who know what “on fleek” means and can name one or more of the current or former One Direction members. 😊

The Millennial Edge: 5 Advantages of Offering an Internship

If you’ve never personally taken an internship, know that the great ones always involve more than just fetching coffee and sorting mail.

A great internship is a true partnership. The young person gets valuable, real-world experience (and, sometimes, a nominal paycheck), and in exchange the business gets an asset that, with a little investment, gives a return that’s near impossible to achieve with regular employees.

Aerospace and Bioscience Coalitions Enjoy 3D Printing Technology Overview at Stratasys Direct Manufacturing

On February 22, SCVEDC organized a visit for our aerospace and bioscience coalition members to Stratasys Direct Manufacturing, a leader in 3D printing and advanced manufacturing services. More than 30 attendees enjoyed an overview of nine technologies used in 3D printing for conceptualization, rapid prototyping, and even final parts production, as well as a tour of the facility to see a range of 3D printing technologies and materials in action. 

California Competes Tax Credit Applications Start January 2, 2018

Have you heard about the California Competes Tax Credit (CCTC)? This program is open to any business planning to create new full-time jobs in the state, regardless of size or location.

Boeing to Invest in Santa Clarita Aerospace & Defense Company

Boeing announced its investment in Santa Clarita-basted Gamma Alloys, a leader in aluminum alloys focused on developing advanced metal-matrix composites for use in aerospace, automotive and other industries.

CyberSecurity Looms Large for SCV Aerospace & Defense Companies

Santa Clarita is home to more than 90 companies serving the Aerospace & Defense industry – either as Tier 1 suppliers to Department of Defense prime contractors such as Lockheed Martin, Boeing or Northop Grumman, or as Tier 2 or Tier 3 subcontractors.

Five California Business Incentives You Need to Know Now!

California has so much to offer – from the beach to the mountains, deserts to farm fields, and a vast array of industries, there’s something for everyone to love. And in the area of business incentives, there are so many opportunities to take advantage of – here are just a few to explore!

California Competes Tax Credit

Did you know about the California Competes Tax Credit? It’s an income tax credit available to businesses who want to come to, stay in, 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.