SCVEDC Blog

FDA Approves Investigational Device Exemption for SetPoint Bioelectronic Therapy Clinical Study in Rheumatoid Arthritis

SetPoint Medical, a clinical-stage biomedical technology company developing an implantable bioelectronic medicine therapy for chronic inflammatory diseases, has received Investigational Device Exemption (IDE) approval from the U.S. Food & Drug Administration (FDA) to initiate a pilot trial in the U.S. for patients with drug refractory rheumatoid arthritis (RA). SetPoint’s proprietary bioelectronic device will be surgically placed on the vagus nerve and activated based on a predetermined dosage schedule to evaluate safety and efficacy.

Construction on The Center at Needham Ranch Begins

Trammell Crow Company (TCC) and Clarion Partners have begun construction on The Center at Needham Ranch, a 54-acre, state-of-the-art industrial business park in Santa Clarita, CA. The project is the first phase of a larger 132-acre, fully entitled site approved for up to 4.2 million square feet of Class A industrial space. Phase 1 is expected to begin deliveries during the Q3 2018. A ceremonial groundbreaking event is being held on December 12 that was attended by public officials, the development team and other parties.

4 Business Resources Every Startup Needs

Since September, we’ve been posting a lot of tips and resources to help you realize your startup dreams. That’s not an accident; it’s what we’re here to do. When you succeed, our community succeeds. Startup companies help create almost all new jobs in America, and startup innovations enrich our lives.

Ribbon-cutting Ceremony Celebrates Grand Opening of Pharmavite “Val-W” Facility

On Wednesday, November 29, 2017, Pharmavite celebrated a Ribbon Cutting Ceremony for their new “Val-W” 229,000 square foot facility located at 28355 Witherspoon Parkway, Valencia, CA 91355 in the Valencia Commerce Center.

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.

The world’s biggest companies impact our daily lives in a very noticeable way. Odds are you’ve Googled something today, used your iPhone to check Facebook, or stopped by a Starbucks for a venti nonfat decaf mocha.

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.

Show Me the Money: 6 Ways to Finance Your Startup

You’ve got to spend money to make money. Even if you found a way to genetically modify trees so they literally bloom with currency, you will still need startup capital to get those saplings going.

Kaiser Permanente's New, State-of-the-Art Medical Building Slated to Open in Early 2018

Last week Kaiser Permanente gave community leaders the opportunity to preview their new facility, Santa Clarita Medical Offices 2. Slated to open to the public in early 2018, this new, innovative medical office building will help meet the needs of our growing population.

Nine SCV Companies make the SFVBJ’s list for Fastest Growing Private Companies

The San Fernando Valley Business Journal recently announced their list of the 50 Fastest Growing Private Companies of 2017. Among the honorees are nine companies from the Santa Clarita Valley!

Read below to find out more about these expanding SCV companies:

Success Story: Scorpion Opens New HQ in the Santa Clarita Valley

Scorpion, an internet marketing company based in Santa Clarita, cut the ribbon on their 100,000-square-foot, custom-designed, built-from-the-ground-up headquarters in Valencia, CA on Friday.

IAC Commerce Center Celebrates the Completion of Phase 1

CBRE and IAC Properties announced the completion of the first phase of the new nine-building 1.3 million square-foot IAC Commerce Center in Valencia, California, one of the largest commercial projects in the region. As the three-building Phase1 is completed, CBRE and national developer IAC Properties welcome two tenants -- Accurate Freight and Covercraft -- to the state-of-the-art project situated in North Los Angeles County.

Two SCV Companies Expand Operations

Accurate Freight and Covercraft, two Santa Clarita Valley (SCV) companies, commit to the region and expand their operations into larger facilities. They are the first tenants in the recently completed Phase 1 of IAC Commerce Center, located off Highway 126 in the SCV.

Live, Work, Play: The Ideal Lifestyle for Your Startup

Everyone wants a better work environment. We’ve told you before how millennials in particular are demanding it. And workers who are happy are certainly more productive. But there comes a point where achieving a better work environment has to cross beyond the office threshold into the community at large. The lifestyle of the community your startup is in can have a big impact on what happens during work hours.

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.

The 4 C's of a Strong Startup Community

No startup is an island.

A venture cannot succeed without support: from clients, from employees, and from the community at large. Any business that tries to operate in a vacuum will be a business that fails. Likewise, a startup that ignores an opportunity to advance the supporting community can count on dire days ahead.

Businesses Expanding in SCV

We are pleased to announce that a local company is expanding its footprint in the Santa Clarita Valley to accommodate business growth and another is relocating a division of its company from Sylmar.

SCV Students Learn About Careers in Advanced Technology at MFG Day

The Advanced Technology Presentation about "Careers in the Making...Design, Engineering, Fabrication and More..." in celebration of National Manufacturing Day was a huge success. The evening was both inspirational and informative. Panel speakers from local companies offered advice on how to pursue high wage, high demand careers across a wide variety of advanced technology industries. The panel also featured a student representative from the High Altitude Student Payload (HASP) who helped the audience realize the potential for hands-on, advanced learning opportunities right here in Santa Clarita at College of the Canyons. Our keynote speaker offered encouragement that even the toughest obstacles can be overcome with drive, passion and hard work.

Post Your Internship Opportunity on SCVInternships.com

Many companies are now planning for their summer internship programs and there is a convenient local resource available to help match companies with potential student interns. Santa Clarita Valley Internships, powered by the Santa Clarita Valley Economic Development Corporation (SCVEDC), provides resources for both students and businesses. If you’re looking for an internship or an intern in the Santa Clarita Valley (SCV), this is the place to be!

Manufacturing Jobs Aren’t Dying – They’re Evolving

You know the scene: A conveyer belt laced with bits of metal and plastic hums along, past a line of burly men in grease-stained white coats and yellow hats, each of them assembling a small bit of the whole. At the end of the line, off rolls a shiny new car, ready for a test drive.

Is SCV LA County’s Best Bet for HQ2?

According to a recent article in the San Fernando Valley Business Journal, the Santa Clarita Valley (SCV) could be Los Angeles County’s best hope for catching Amazon’s attention for its second headquarters, aka Amazon HQ2. With millions of square feet of developable land, a long list of money-saving business incentives, and a fast-growing economy, the SCV has already made its mark as a great location for business.

What Millennials Want at Work (and Why You Should Care)

Grab your AirPods and get #woke, it’s time to talk about millennials. Figuring out what this generation (born in the 80s and early 90s) wants out of life and work has become an industry in and of itself, and for good reason.

Suburbia will Drive the Future of Technology

Your house knows when it’s time to wake you up and does so by streaming your favorite music. You shower. You shave. You get dressed.  You ask your intelligent personal assistant app what the weather forecast is. You get dressed and toss an umbrella into your bag (she said it would rain). Outside, a drone is delivering a small brown package to your neighbor, and the automated car you ordered from your smartphone is just pulling up to the curb.

Santa Clarita Valley – A Great Location for Business

The Santa Clarita Valley is booming! The economic growth observed in recent years is expected to continue. Santa Clarita is a cost-effective and easier alternative to other business centers in Los Angeles County. There are many factors that make the Santa Clarita Valley (SCV) a great place to do business.

5 Reasons to Set Up Your Startup in the Suburbs

Choosing a site to set up your tech startup can be a challenging task for an entrepreneur. Once you’ve outgrown your garage and need a dedicated space, you’ll need to start considering not only rent, but other expenses like parking, taxes, travel time, and cost of living.

Startup Grind Launches Santa Clarita Chapter

On September 12, Startup Grind powered by Google for Entreprenuers, came to Santa Clarita with an exciting event for entrepreneurs featuring Loot Crate Co-Founder, Michael Arevalo. Loot Crate, a subscription service that launched five years ago delivering a monthly box full of geek-related merchandise to consumers, is now a $116 million business that won the No. 1 slot on the 2016 Inc. 500 list of America's fastest-growing private companies.

10 Characteristics of Successful Startups

There is no single path to startup success. If such a yellow brick road existed, laid bright and obvious to entrepreneurs of all stripes, thriving in this competitive market would become as simple as stepping into a pair of ruby slippers. The best that entrepreneurs can hope for in 2017 is to learn what they can from those who've come before in a community that supports, inspires and connects, like the Santa Clarita Startup Grind, which launched in September.

Where to plant your tech startup

Starting a new business can be overwhelming - there are so many decisions to make, and one of the most important is deciding where to plant your tech startup. A year ago, the San Fernando Valley Business Journal ran an article about the Santa Clarita Valley’s (SCV) burgeoning high-tech community, dubbing us the “Silicon Suburb." In the months since then, we’ve seen a rapid increase in both startup companies and the local resources available to support them on the road to success.

Five Growing Industry Clusters in the Santa Clarita Valley

Geographic concentrations of interconnected businesses, suppliers, service providers and associated institutions in a particular industry are often referred to as an industry cluster. According to a study by Harvard University, when companies from the same industry are clustered together within an environment, it results in higher employment growth as well as higher wage growth. Additionally, the presence of strong clusters creates growth in other, unrelated industries, as well as the emergence of new industries. Strong industry clusters are an engine of economic growth in the region.

Heading into fall in the Santa Clarita Valley

How has 2017 gone by so fast? Can you believe the first day of Fall is just around the corner? As we wrap up the summer here in Santa Clarita, check out some of these great events occurring in September – there’s sure to be something that appeals!