SCVEDC Blog

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."

On Thursday night, the Los Angeles Economic Development Corporation recognized the City of Santa Clarita as the Most Business Friendly City with a population greater than 68,000 and the City of Pico Rivera as the Most Business Friendly City with a population under 68,000.

I recently penned a column in the Santa Clarita Valley Business Journal suggesting that the key to our economic future is the fact that the SCV is slated to grow substantially in the next several decades. Last Thursday, FivePoint Communities announced a new vision for Newhall Ranch that can transform that idea into reality.

I recently penned a column in the Santa Clarita Valley Business Journal suggesting the fact that the SCV is slated to grow substantially in the next several decades is a key to our economic future.

On Thursday, FivePoint Communities announced a new vision for Newhall Ranch that can transform that idea into reality.

SANTA CLARITA, Calif. (November 3, 2016) – In a major step to advance the State of California’s ambitious fight against climate change, FivePoint today announced an unprecedented initiative to develop the Newhall Ranch planned community that will result in no net emissions of greenhouse gases. By implementing a comprehensive array of green innovations onsite and within L.A. County, as well as funding direct emissions reduction activities in California and around the world, “Net Zero Newhall” will achieve net zero emissions of greenhouse gases from both construction and operations – a first for a community of its scale in the United States.

Since the Santa Clarita Valley Economic Development Corporation was formed more than six years ago, it has helped bring thousands of new jobs to the Santa Clarita Valley. We help recruit companies to the SCV, especially companies seeking a more business friendly environment who are at risk of moving out of state. We also help local companies solve problems and access incentives like workforce training programs and tax credits. Job growth in the Santa Clarita Valley outpaces statewide job growth, and in recent years has outpaced residential construction, creating a jobs-to-housing ratio that is now nearly balanced. With new industrial construction underway, we have the opportunity to locate even more jobs here in the next several years.

As Dave Styler, President and CEO of Logix, remarked in his opening introduction, October 26, 2016 was a momentous day in the history of Logix Federal Credit Union – it marked the beginning of a transitional period that will see the largest credit union in Los Angeles County move from its current Burbank location to a brand new modern building in the Santa Clarita Valley.

The Board of Directors of the Santa Clarita Valley Economic Development Corporation recently evaluated two LA County ballot measures that impose new taxes: Measure M, which adds a half-cent to the current sales tax for transportation improvements, and Measure A

Kevin Mitchell, vice president of global supply chain at Northrop Grumman Aerospace Systems, the world’s fifth-largest defense contractor, addressed a capacity audience of more than 70 aerospace business leaders at the SCV Aerospace & Defense Coalition (ADC) breakfast Tuesday, and he gave the audience some pointers on becoming a supplier to the company.

VALENCIA, CA, SEPTEMBER 14, 2016: Scorpion, one of the fastest growing website design and Internet marketing firms in North America serving legal, healthcare, franchise, and home service clients, has purchased a site on which to build their new corporate headquarters in the Santa Clarita Valley.

On September 13, more than 70 business leaders in the Aerospace cluster attended the SCV Aerospace & Defense Coalition (ADC) Breakfast, which featured as its keynote speaker Kevin Mitchell, Vice President of Global Supply Chain at Northrop Grumman Aerospace Systems.

The San Francisco area has Silicon Valley and Santa Monica has Silicon Beach. But the burgeoning tech community in the Santa Clarita Valley doesn’t have a catchy nickname.

“Silicon Alley” has been suggested although that name already refers to a section of Manhattan. Tania Mulry, a Santa Clarita-based consultant to startups, likes “Silicon Suburb.”

Many people know the Santa Clarita Valley as the suburb for Los Angeles. But today, it is increasingly being called the “Silicon Suburb” according to a front page article in the latest issue of San Fernando Business Journal (September 5 – 18).

On August 17, Inc. Magazine announced its annual list of 5000 fastest growing private companies, and included in the list are five Santa Clarita Valley-based companies: Scorpion (#1402), KRG Technologies (#1656), AMG & Associates (#2635), Dazadi (#2882) and Landscape Development

SetPoint biomedical technology company has signed a long-term lease for more than 14,000 square feet at a research and medical park in Santa Clarita, according to L.A. based-CBRE Group Inc.

Each year, more than 12 billion dollars in Research & Development Tax Credits are funneled back to US businesses, and this is for the federal program alone.

Aerospace company Air Bolt Group of North Hollywood signed a 10-year lease in March for an 8,500 square foot building on Avenue Crocker in the Valencia Industrial Center. NAI Capital helped broker the deal. Additional terms of the lease were not disclosed. Air Bolt manufactures latches, struts, buts and bolts for commercial aircraft.

The region’s top commercial real estate brokers were honored Thursday by the Santa Clarita Valley Economic Development Corporation.

California Association for Local Economic Development (CALED) announced the roster of winners in economic development at its 36^th Annual Conference in San Francisco, and the Santa Clarita Valley Economic Development Corporation (SCVEDC) won two awards in two of the three categories.

This election year has brought us a paradox. Judging from the unemployment rate, we are almost at full employment in many parts of the nation, including the Santa Clarita Valley.

Image 2000, after growing its print services company into one which harnesses hardware and software technology solutions, is relocating to Santa Clarita from Van Nuysand hopes to be open by May 1. First launched in 1992, the privately owned firm now grosses $30 million annually.

The Southern California aerospace industry is maintaining its competitiveness, according to a detailed report just released by the Los Angeles Economic Development Corporation in March.

Alfred E. Mann, after whom the Mann Biomedical Park in Santa Clarita Valley was named, died on February 25 at the age of 90. As an inventor, entrepreneur, investor, and philanthropist with a track record of prolific successes, he left a lasting legacy after creating 17 companies over the course of seven decades, amassing a personal fortune valued at more than $2 billion in 2007.

SCVEDC awarded Richard Photo Lab an Industry Cluster Attraction Incentive (ICAI) of $23,694 today. Richard Photo Lab relocated to the Santa Clarita Valley in 2015. As a company in the Digital Media & Entertainment cluster, the company was eligible for the incentive.