SCVEDC Blog

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.

SCV is a HOT location for business!

So far, 2017 has been a hot year for business in the Santa Clarita Valley (SCV)! The construction and completion of new industrial and commercial spaces such as IAC Commerce Center and Gateway V have provided relief to a very tight industrial real estate market, and word is getting out about the SCV’s business-friendly climate.

Facility Facts that Impact Your Bottom Line

Everyone is focused on improving profitability, whether by increasing sales or decreasing costs (or both!) But when looking for opportunities to improve the bottom line, businesses often neglect to evaluate the impact of their facilities. Here are five ways that your facilities can impact your bottom line:

Select LA Investment Summit 2017

On June 15^th, The World Trade Center LA (WTCLA) hosted 350 attendees to the third annual Select LA Investment Summit. The event is focused on attracting Foreign Direct Investment (FDI) to the region – delivering job creation and economic opportunity to the Los Angeles area. Select LA Investment Summit showcased growing industries in Los Angeles (LA) County, including bioscience, aerospace, digital media and entertainment, tech, real estate and advanced transportation, to help inform investor choices regarding projects and investment opportunities.

America’s Job Center of California - a great resource for local companies and job seekers

SCVEDC knows that finding skilled workers is one of the toughest challenges facing businesses in today’s tight labor market. That’s why training and apprenticeship programs are so important. Companies are growing their own talent, but are tapping into resources such as community colleges and the workforce development boards that are part of the public workforce system. In the past year, new apprenticeship programs for the aerospace and logistics industries are helping employees advance their skills quickly.

Airbolt Industries - Home in the Santa Clarita Valley

One of the key industry clusters in the Santa Clarita Valley is Advanced Manufacturing, with businesses involved in the production of high-value added, technical, or capital-intensive goods requiring advanced inputs and manufacturing processes choosing the SCV. Airbolt Industries Inc. is one of the businesses who have relocated to the SCV – and this is their story.

Pharmavite Makes Long Term Commitment to Santa Clarita

Pharmavite LLC, the leading manufacturer of dietary supplements for more than 45 years, has renewed its commitment to the Santa Clarita Valley by entering into two new leases! To support the operations of its growing Nature Made^® brand of vitamins and mineral supplements, the company has signed a new long-term lease for a 229,000 square feet distribution and warehouse facility in the Valencia Commerce Center. It also deepened its roots in the Santa Clarita Valley by renewing the lease for its existing packaging facility located on Witherspoon Pkwy. Both leases run through 2030.

Interest in SCV Climbs as New Development Projects Near Completion

As the occupancy rate in Los Angeles and the San Fernando Valley reaches capacity, the search for industrial space can become a challenge. Have you checked out the Santa Clarita Valley? The Santa Clarita Valley (SCV) features nearly 30M SF of industrial and commercial facilities today, with approximately 8M SF of future land development already approved. The SCV is a terrific option for if you’re considering business relocation in Los Angeles or the San Fernando Valley.

LA Metro Commuting Incentive -- Easing the commuter burden from Antelope Valley to SCV

Conservative estimates suggest that upwards of 8,000 people commute from the Antelope Valley (AV) to the Santa Clarita Valley each day, whether for work or to attend College of the Canyons. However, there is no direct bus line that services these individuals to their workplace. In a recent survey conducted by the Santa Clarita Valley Economic Development Corporation (SCVEDC), 55% of these commuters are making the drive alone, which is both costly and adds to traffic congestion.

fDi Magazine named Santa Clarita a Small American City of the Future

fDi Magazine announced that Santa Clarita was named 4^th in Foreign Direct Investment strategy among small cities in their American Cities of the Future Awards. Santa Clarita is well positioned for future growth and is attractive to foreign investors due to its economic stability and business-friendly community. Santa Clarita is a good place for foreign investors seeking long-term security and growth.

Adding to the vast range of business services already provided by the Santa Clarita Valley Economic Development Corporation (SCVEDC) are our efforts to establish the Santa Clarita Valley (SCV) as a thriving and expanding technology innovation hub.

Strong economic growth forecast into 2018

“We are in a golden era in the economy,” and economic growth should continue for at least the next year.

That was one of the key points economist Mark Schniepp made to about 300 attendees of the 2017 Economic Outlook Conference at the Hyatt Regency Valencia on Thursday. The annual conference is held by the Santa Clarita Valley Economic Development Corp. and College of the Canyons.

SCV Internships

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.

SCVEDC Wins CALED Award for Business Assistance Program

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 22^nd. 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.

Santa Clarita Valley professionals gathered at the Valley Industry Association lunch Tuesday to hear a keynote address from SCV Economic Development Corporation’s (EDC) President and CEO Holly Schroeder.

SCVEDC 2016 Annual Report

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 Named a Best City to Start a Family

Santa Clarita was recently named 27^th out of 350 Best Places to Start a Family by LendEDU. 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.

The Canyon Club is crossing valleys with its new location in Santa Clarita.

Santa Clarita is ready for its close-up!

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. 

The Santa Clarita Valley constantly lends its beautiful scenery and diverse geography to the filming of popular movies and TV shows. The SCVEDC is proud to be a partner and supporter of the thriving entertainment industry in the Santa Clarita Valley.

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.

Are you ready to expand your business through exporting? Exporting gives you access to new customers, expanding sales, and increased profits!

ExporTech is the only national program that helps individual companies develop an export plan. They are offering workshop sessions for LA County/San Fernando Valley beginning February 16.

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.

The 2017 Santa Clarita Economic Outlook Conference

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. They will be joined by one more speaker (to be announced). This is the only event of this kind with information specific 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.

Attracted by a growing cluster of medical device and bioscience companies, Avita Medical will move its headquarters staff of 25 from Northridge to Santa Clarita by the end of the year. The company specializes in the treatment of wounds and skin defects, including chronic wounds, acute burns and aesthetics.

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.

We all know Santa Clarita for the master-planned communities, excellent school systems, expansive parks and trails, and overall awesome lifestyle. Many local residents, however, are unaware of what's growing in our valley: business. While most of us drive from one end of this "small town" to the other, we rarely stop to notice that Santa Clarita is home to some major industry giants: Six Flags, Princess Cruises, Quest Diagnostics, Advanced Bionics, Samsung, Sunkist and soon, Logix Federal Credit Union.

LOS ANGELES, Nov. 15, 2016 — AT&T launched ultra-fast internet service in additional cities in Los Angeles County, including in parts of Arcadia, Pasadena, Santa Clarita and surrounding areas. We’re offering a 1 gigabit connection to Los Angeles County homes, apartments and small business locations on our 100% fiber network powered by AT&T Fiber.

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."