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SCVEDC Blog

Logix Federal Credit Union announces plans to move HQ to SCV

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Logix Federal Credit Union — a longtime Burbank fixture with ties stretching back to the area’s aviation heyday — will relocate its headquarters to the Santa Clarita Valley, officials announced today.

The credit union, which has operated in Burbank for 78 years, confirmed its plans in an announcement Tuesday.

“After careful analysis of options that included alternate locations, as well as expansion on the current headquarters site, the Logix board determined the best long-term option is in the Santa Clarita Valley,” said Dave Styler, CEO of Logix, in a statement.

Founded as the Lockheed Aircraft Federal Credit Union in 1937 to serve employees of the aircraft company, the credit union has more than 150,000 members and more than $4 billion in assets, and currently has four branches in the Santa Clarita Valley.

SCVEDC Announces Logix Federal Credit Union Moving HQ to SCV

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The Santa Clarita Valley Economic Development Corporation is pleased to announce that Logix Federal Credit Union will be moving its headquarters to the Santa Clarita Valley. Logix has acquired a 12-acre vacant parcel in the Valencia Commerce Center near the junction of Interstate 5 and State Highway 126.

Santa Clarita Remains the Cost-Effective Place to Do Business

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With no gross receipts tax or business tax, Santa Clarita remains the cost-effective alternative for businesses in Los Angeles County.

GoBiz announces upcoming CalCompetes Tax Credits

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The Governor's office of Business and Economic Development (GO-Biz) has announced the 2015-2016 application periods for the California Competes Tax Credit.

Attraction Incentive Awarded to California Resources Corporation

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Today, the Santa Clarita Valley Economic Development Corporation awarded its Industry Cluster Attraction Incentive to California Resources Corporation. California Resources Corporation opened its Technology Production Office in Santa Clarita earlier this month.

California Resources Corp. To Add Santa Clarita Valley Office

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California Resources Corp., which was formally owned by Occidental Petroleum, is announcing the move Monday.

“It’s going to be on Tourney Road,” said Holly Schroeder, executive director of the Santa Clarita Valley Economic Development Corp., which worked to facilitate the company’s relocation. “They’re taking 21,000 square feet (of commercial office space).”

Santa Clarita Use Tax Rebate Program. Enroll Today!

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Does your business pay Use Tax? If so you may be eligible to direct a large portion of your Use Tax back to Santa Clarita’s general fund for public safety, parks, libraries, infrastructure and other City services and receive a cash rebate on a portion of the Use Tax remitted to the City.

SCVEDC Annual Report

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SCVEDC released its 2014 Annual Report this week, and reported helping over 100 companies and 1000 jobs.

Upgrading to Clean Energy: The PACE Program

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Upgrading to Clean Energy

Interested in clean energy? With stories like that of the Hilton: Los Angeles Studio City, where companies are able to save hundreds of thousands of dollars per year in energy material and maintenance costs, the interest is justified.

Mann Biomedical Park Sold

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The Mann Biomedical Park on Rye Canyon Road has been sold to Santa Clarita contractor Dale Donohoe of Intertex Companies, Donohoe confirmed Wednesday.

Ram Board Relocates to SCV

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Looking to expand, Ram Board has selected Santa Clarita as the site for its new home base.

The Burbank company will be moving over 30 employees into space in the Valencia Industrial Center, said Holly Schroeder, president and CEO of the Santa Clarita Valley Economic Development Corporation.

Finding the RIght Balance: Small Business Finance

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Many small businesses have negative preconceived notions about debt: it’s either risky or unnecessary. There is some truth to both comments but it is imperative owners take an objective look at their capital needs, and understand how debt can make a difference in creating value and decreasing capital costs. 

Not Your Grandfather’s Manufacturing Career!

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The 2014 SCV Manufacturing Day Evening Event will take place at the College of the Canyons on October 2nd. If you think you know what modern manufacturing is – you better think again!

Manufacturing Sales Tax Exemption

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Beginning on July 1, 2014 SCV manufacturers can obtain a partial sales tax exemption on certain equipment purchased or leased. This economic development incentive was created to improve the cost of doing business for California manufacturers. 

The Value of Entrepreneurship

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While large company relocations to the Santa Clarita Valley garner press coverage and accolades, business attraction is only one strategy to grow jobs in the Santa Clarita Valley. Business expansion

Business Retention Grows Jobs

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A key role of the SCVEDC is to attract new companies to the Santa Clarita Valley that bring high-quality jobs. With announcements of the relocation of companies such as Sunkist and the SCVEDC's recent trip to China to attract foreign investment, in might be easy to think that business attraction is the only way to grow jobs.

Recap: SCV R&D Tax Credit Consultations

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The Research and Development (R&D) tax credit is a dollar-for-dollar credit that is designed to stimulate innovation, growth and global competitiveness in public and private U.S. companies.

Supervisor Antonovich Leads Trade Mission to China

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A quick glance at the label of my spring coat takes me half way around the world to Malaysia. Come to think of it, I could easily travel to ten or twenty countries by simply reviewing the components in my cellular phone. This phenomenon is often referred to as globalization, and it entails much more than the movement of production facilities to low-cost regions. It about exercising trust between multiple parties who were raised in extraordinary cultures, speak different languages, and most importantly – manufacture the physical components of our life.      

Top 5 Myths about the Santa Clarita Valley

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The Santa Clarita Valley is a great place, but there are a lot of misperceptions about it. I hear a lot of beliefs about the SCV that just aren't true, so let's take a look at the top myths:

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