The SCVEDC would like to acknowledge seven local employers AMS Fulfillment, CSI Services, Inc., Lief Labs, LIFT innovate, Medical Breakthrough®, Medical Technology Solutions, LLC, and TLK Fusion Inc. on making it onto this year's list for the fastest-growing companies in the US!
How well do you know the businesses in the Santa Clarita Valley?
Most residents don’t realize that SCV is home to a broad range of companies across major industry sectors including Aerospace & Defense, Advanced Manufacturing, Biotech & Medical Devices, Digital Media & Entertainment, and Information Technology. The Santa Clarita Valley is also one of the few places in LA County that is seeing increasing population growth, with numerous ongoing residential, commercial, and industrial projects.
Over the past several years I have been interviewing many of the leaders of these innovative companies for our podcast series “SCV Means Business”. I am inspired by their commitment and dedication to their employees, as well as our community.
In a smart move to keep California’s signature industry thriving in-state, legislators earlier this month voted to increase both film and television tax incentives by another $330 million. The new bill was signed into law on July 22 by Governor Newsom, and has two primary features. The currently available $330 million is being bolstered with an additional $180 million, bringing the annual film tax incentive program total to $410 million. The entirely new component now adds $150 million, allocated towards the construction of soundstages in an effort to meet the ever-growing demand for these studio facilities. These changes could prove vital to meet California's film and television needs, stop production jobs from leaving the state, and potentially coax studios to return that had jumped ship for more enticing offers in other states.
Has your business been disrupted due to COVID-related governmental orders? With the many COVID-19 pandemic challenges endured by small to mid-sized businesses, there is some good news. The newest 2021 Employee Retention Tax Credit (ERTC) program provides eligible businesses with a fully refundable, advanceable tax credit on qualified employee wages, and opens the ERTC program to PPP borrowers for the first time.
Santa Clarita ranks top 10 in safety, as well as the 4th most ambitious and business ready city in the nation.
Santa Clarita has recently been recognized as being one of the safest cities of its size in the country, and for being one of the most business ready. While it may not seem obvious at first, these two endorsements go hand in hand. They result from deliberate efforts to grow the number and quality of jobs in the Santa Clarita Valley in order to provide great opportunities for residents.
Complete List of Upcoming Webinars
July 28th, 2021
August 5th, 2021
August 10th, 2021
DrinkPAK Brings 275 Jobs to the SCV Over the Next Four Years
SCVEDC's recent case study about DrinkPAK provides a look at the company's objectives and space needs. The case study illustrates their reasoning behind the decision to relocate to the Santa Clarita Valley and the company’s further expansion. DrinkPAK, the premier West Coast alcoholic and non-alcoholic beverage manufacturer, currently occupies 572,419 SF at the Center at Needham Ranch Industrial Park. Through its high efficiency production lines, this location houses procurement support, complex batching and processing, filling, packaging, and on-site storage and distribution.
BizFed's 2021 business survey sees record participation this year!
The SCVEDC has been a longtime partner with the Los Angeles County Business Federation (BizFed). With more than 180 business organizations representing 400,000 employers with 3.5 million employees throughout LA County, BizFed is a massive, diverse grassroots alliance that advocates for policies and projects that strengthen our regional economy.
SCV Companies Making an Impact on Their Employees, Community, and Environment
Many people want to partner with, work for, buy from, and invest in companies they believe in. Two Santa Clarita Valley companies have become B Corporations demonstrating commitment to their employees, community, and the environment.
B Corporations are for-profit companies, certified by a nonprofit called B Lab. In order to earn the certification, companies must achieve a 80/200 score on B Lab’s assessment, which is split into four parts – Governance, Workers, Community, and Environment.
Mental Health Resources in the Santa Clarita Valley
The COVID-19 pandemic public health orders designed to protect our physical health have also affected mental health over the last year. In fact, 4 in 10 adults in the U.S. have reported symptoms of anxiety or depressive disorder, up from 1 in 10 adults from January to June 2019.
To complicate matters, people are often reluctant to discuss mental illness — especially at work. That’s why it’s critical for employers to create a work environment that is supportive of mental health, with relevant resources and a culture that prioritizes psychological well-being.
Congratulations to the Top 21 Power Brokers!
The Santa Clarita Valley Economic Development Corporation (SCVEDC) invests not just in growing our local businesses, but attracting great companies to the region with a focus on industries that provide our residents with high quality, high paying jobs.
Bringing these businesses to our community takes a combined effort from the SCVEDC and our partners in economic development, and of course, from the tireless commercial real estate brokers who work hard to get these businesses set up at the right location that works for them.
Each year SCVEDC honors top commercial real estate brokers active in the Santa Clarita Valley at our annual Power Broker Breakfast. Unfortunately, due to social distancing protocols we were unable to host the event again this year, but we are still thrilled to announce the Power Brokers for 2020!
DrinkPAK Now Occupies More Than 572,000 Square Feet in Needham Ranch
Six months after signing its first lease in the Center at Needham Ranch (CANR) industrial park, DrinkPAK, the premier West Coast alcoholic and non-alcoholic beverage manufacturer, is already expanding its footprint in Santa Clarita, California.
Currently, DrinkPAK leases 172,324-square-foot at (CANR) and just this week signed two more leases for an additional 400,095-square-feet, bringing their total space occupied to 572,419-square-feet. This location will house the company’s procurement support, complex batching and processing, filling, packaging, and on-site storage and distribution.
Celebrating Economic Development Month
Many times the work of economic developers goes unnoticed and cruises under the radar. And that’s okay! Being a silent investor in a region’s economic well-being and quality of life is rewarding in itself and in May is celebrated by Economic Development month.
It is an honor for our business development team at the Santa Clarita Valley Economic Development Corporation (SCVEDC) to serve this region and help drive economic growth in our economy. The SCVEDC advances a valley-wide mission to grow jobs in target sectors of film and digital media, aerospace, technology, medical devices, advanced manufacturing, and corporate services. Now more than ever, a thoughtful, integrated approach to economic development is critical to growing and sustaining quality jobs.
Honoring Santa Clarita Valley's Largest Employers
The Santa Clarita Valley is a growing region with significant opportunities for businesses including available, state-of-the-art industrial and commercial buildings in master planned developments. Despite the challenges, 2020 was a successful year for many companies, and there were several attractions and expansions across our target industry clusters. Through our research for the Economic Outlook Forecast, we compiled the Santa Clarita Valley Largest Employer’s List illustrating some remarkable growth this past year.
Keeping Your LA County Project On Track Through LA County Connect
One of the primary keys to a Commercial Development project is staying on track and maintaining the proposed schedule. This can be challenging when navigating the many agencies and departments in Los Angeles County. Now through LA County Connect, Santa Clarita developers and design professionals can receive expert advice and guidance – tailored specifically for Commercial Development projects in Plan Review. Developers can preview plans, discuss process and timing, and get the answers needed from LA County departments in a timely manner!
2020 Annual Report
The COVID-19 pandemic brought both health implications and serious economic ones. In 2020, the Santa Clarita Valley Economic Development Corporation celebrated its 10th anniversary, and the work of the organization has never been more vital! SCVEDC continues to focus on business assistance, business attraction and retention, community marketing, and information and data. Despite the numerous obstacles of the past year, there are many bright spots; most notably, the incredible support, innovation, and resiliency of our business community, including the many SCV companies that quickly pivoted to manufacture PPE and sanitizers, or offered their teams in volunteer capacities.
Printful Relocates North to the SCV
The Santa Clarita Valley Economic Development Corporation is pleased to announce that Printful, a print-on-demand service based in Charlotte, N.C. is relocating its California facility from Chatsworth to the Santa Clarita Valley, in the Valencia Commerce Center. This new location is triple the size of the Chatsworth site, which will accommodate their increased production demands.
Industrial Market in SCV Never Missed a Beat
While the COVID-19 crisis initially gave many companies pause for good reason, 2020 was an exceptionally good year for industrial real estate across the board, the Santa Clarita Valley included. In 2020, the SCVEDC was pleased to announce that several new companies chose to locate in the Santa Clarita Valley including two Amazon fulfillment centers, DrinkPAK, a beverage manufacturer, and a state-of-the-art medical testing lab. Several SCV companies expanded as well, including P3 Inc., LA North Studios, Lief Labs, 24/7 Events and Mellady Direct Marketing.
Santa Clarita Valley’s Medical Professionals Rise to the Challenge
There is no doubt that 2020 was a challenging year for all, but most especially those on the front lines caring for those who are gravely ill with COVID-19. It was hard to predict in March how our region would be affected, but those heading up the medical response had been preparing for something like this for a long time.
Santa Clarita Valley Chapter Aerospace & Defense Forum Announces New Steering Committee Chair
Eric Jensen, Director of Manufacturing Ramp and Transition at Fralock Inc., steps in as Chair of the Steering Committee of the Santa Clarita Valley Chapter of the Aerospace & Defense Forum as of January 2021. The SCV Chapter was launched in October of 2019 to expand local business collaboration, networking, and information sharing by A&D executives relevant to the business of aerospace, commercial space and defense industries. This eighth chapter of the A&D Forum, sponsored by the Santa Clarita Valley Economic Development Corporation (SCVEDC), has been well received by the SCV aerospace community with strong engagement and event attendance, even through transition to virtual meetings in 2020 due to COVID.
Minimum Wage Increases for Businesses in the City of Santa Clarita on January 1
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.
GO-Biz Hosting Webinars for Businesses Interested in Applying for
$80 Million in Tax Credits
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.
Three Important Online Resources Offered by SCVEDC
The Santa Clarita Valley Economic Development Corporation is an organization dedicated to attracting, retaining, and growing business opportunities for the Santa Clarita Valley. That mission is more important than ever. While most of our usual face-to-face meetings are temporarily on hold during the COVID-19 pandemic, SCVEDC has many online resources to help your company with a variety of issues you may face. Here are just a few free resources to help your business:
The City of Santa Clarita and SCVEDC Award Local Small Businesses with COVID Relief Grants
The City of Santa Clarita and Santa Clarita Valley Economic Development Corporation (SCVEDC) are excited to announce that 149 small businesses within the Santa Clarita Valley were approved to receive a one-time financial reimbursement for COVID-related expenses of up to $5,000 per individual business, as a part of the Santa Clarita Small Business COVID Relief Grant.
Interested applicants began receiving their approval or denial letters beginning on Thursday, November 19. Verified eligible businesses that have met all specified grant qualifications and requirements can expect to receive grant funds by the end of the year.
LA North Studios to Add Soundstages at The Center at Needham Ranch
Trammell Crow Company (TCC) and Clarion Partners, LLC announced Wednesday that LA North Studios, one of Santa Clarita’s newest and largest soundstage facility and studio operators, has signed a five-year lease to take over 113,640 square feet at Building 5 at The Center at Needham Ranch. LA North plans to convert the space into a fully functioning satellite soundstage hub when it opens in early 2021.
Developers Trammell Crow Co. and Clarion Partners have announced that DrinkPAK, an alcoholic and non-alcoholic beverage manufacturer, has inked a deal to occupy space at the joint venture's The Center at Needham Ranch industrial park in Santa Clarita.
Filming is Back in the Santa Clarita Valley
Hollywood North has become a common moniker of the Santa Clarita Valley in reference to the large amount of filming that takes place here. And it’s true – there are many TV shows, feature films, music videos and commercials shot in our region. After an industry-wide shutdown affecting film and television productions and thousands of workers due to the COVID-19 pandemic, filming is finally back, and SCV sound stages are filling up quickly.
SCVEDC is Your One-Stop Resource for Business Needs
The Santa Clarita Valley Economic Development Corporation’s (SCVEDC) overarching goals are to support the creation of high-paying jobs for our trained workforce, stimulate economic activity that grows the regional tax base, and strategically position the Santa Clarita Valley (SCV) and its businesses to better compete in the global economy. SCVEDC offers many services and resources to local businesses to help the access tax credits and incentives, workforce development and training, provides vital data and information, and connects companies for networking and peer support.
City Council Approves 2020 SCV Small Business COVID Relief Grant Program; SCVEDC Key Partner
Applications are open now through Wednesday, October 28, 2020 at 5:00 p.m.
The City of Santa Clarita is thrilled to announce that the City Council has approved the Santa Clarita Small Business COVID Relief Grant program to help local small businesses impacted by COVID-19. Approval was given during the October 13 City Council meeting. SCVEDC is partnering with the City in order to allow companies across the SCV to apply.
Holly Schroder named Chair of the Los Angeles County Workforce Development Board
Holly Schroeder, President and CEO of the Santa Clarita Valley Economic Development Corporation (SCVEDC) has been selected by fellow Workforce Development Board Commissioners to serve as Chair of the Los Angeles County Workforce Development Board (WDB).
