SCVEDC Blog

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SCVEDC Honors Power Brokers of 2023 in Commercial Real Estate

Congratulations to the Top 25 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 businesses to our community takes a combined effort from the SCVEDC and our partners in economic development, and of course, from the dedicated commercial real estate brokers who work tirelessly to get these businesses set up at the right location that works for them. Each year we recognize the top commercial real estate brokers active in the Santa Clarita Valley whose efforts contributed the most economic impact. This years list features many returning faces as well as some new ones!

 

 

Unlocking Success: Navigating Registered Apprenticeships for Santa Clarita Valley Businesses

Discover how apprenticeships can help businesses grow and thrive.

 

In the vibrant business landscape of Santa Clarita Valley (SCV), where innovation meets opportunity, investing in talent development isn't just a strategy—it's a necessity for sustainable growth. As local businesses strive to remain competitive in an ever-evolving market, embracing apprenticeship programs emerges as a powerful solution. But what exactly is an apprenticeship, and how can it revolutionize your workforce? Let's delve into the world of registered apprenticeships and explore how they can benefit your business in more ways than one. 

 

For businesses expanding or new ventures, whether domestic or international, setting roots in the Santa Clarita Valley, apprenticeships present an invaluable resource. As these businesses seek to establish themselves in a new environment, the need for a skilled and adaptable workforce becomes paramount. Apprenticeships offer the perfect solution, providing a structured pathway to train individuals in line with the specific needs and requirements of the business.  

 

How can the SCVEDC help your business?

The Santa Clarita Valley Economic Development Corporation is your one-stop resource for all your business needs

 

The Santa Clarita Valley Economic Development Corporation (SCVEDC) plays a pivotal role in fostering business growth and prosperity within the region. Our 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. Through a multifaceted approach, the SCVEDC assists businesses with expansion within the SCV and relocation to the SCV by providing comprehensive support services tailored to their specific needs.

The Benefits of Apprenticeships for Your Business

Discover how apprenticeships can help businesses grow and thrive.

 

Santa Clarita Valley (SCV) is home to nearly 300,000 residents and a variety of companies. Thanks to a business-friendly environment, continuous positive economic growth, and local civic leadership that supports ongoing improvements to key infrastructure, our roster of fantastic companies calling the SCV home continues to grow.

 

Employers across the country are grappling with workforce and recruitment challenges. SCV boasts a highly educated workforce and benefits from access to workforce pipelines in neighboring markets within LA County. In addressing the workforce needs of businesses in SCV, the local community, including academic institutions and economic development organizations, are embracing opportunities for apprenticeships to harness the strength of a vibrant and diverse workforce.

 

Celebrating SCVEDC Team's Achievements: Dr. Jey Wagner with Team California and Ondre Seltzer with Maple Business Council

The SCVEDC is proud to celebrate the recent achievements of two of its team members: Dr. Jey Wagner (President & CEO) and Ondre Seltzer (VP, Workforce & Economic Development). Dr. Wagner's appointment to the Board of Directors for Team California highlights his dedication to the growth and retention of businesses in the Golden State. With a strong background in Foreign Direct Investment and working closely with international clients, Ondre Seltzer's addition to the Maple Business Council further strengthens the SCVEDC's commitment to fostering global relationships. These appointments reflect the SCVEDC's ongoing efforts to attract and retain businesses in the Santa Clarita Valley, showcasing the team's dedication to driving economic growth and innovation in the region.

SCVEDC Wins 2 International Awards of Excellence

The SCVEDC is excited to announce that we were recently honored for excellence in economic development by the International Economic Development Council (IEDC) in two distinct categories. For both the Business Retention & Expansion (BRE) Initiatives and Print Brochures categories impacting populations between 200,000 - 500,000 residents, the SCVEDC was recognized for two of last year's projects: The 2022 Business Survey, and the SCV Talent Report.

 

California Competes Tax Credit & Grant Applications: 2023-2024 Fiscal Year

Have you heard about the California Competes Tax Credit (CCTC)? It’s a state income tax credit supporting the 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 (FY).

 

Here's how it works: Phase I is an online application process, where businesses submit information on their 5-year growth plans including a comprehensive description of their growth project, projected new hires and wages, projected amount of investment equipment and facilities, and their requested tax credit. A cost-benefit ratio is then calculated, and companies with the most advantageous cost-benefit ratio (and additional factors) move on to Phase II for final agreement negotiation and selection. Phase ll applicants must then be approved by the California Competes Tax Credit Committee.

2022 SCVEDC Annual Report

On Tuesday night Holly Schroeder, President & CEO of the Santa Clarita Valley Economic Development Corporation, released the 2022 SCVEDC Annual Report to the City Council. It featured our organization's business attraction and retention, business assistance, economic information & research, and community marketing efforts.

 

 

Click here for the presentation slides, and read below for more details!

2022 Annual Report        WATCH THE VIDEO

SCV's Strategy for Resilient Economy

 

Recently, the New York Times published an article and podcast titled, “The most empty downtown in America.” It outlined the story of San Francisco’s rise as a tech hub, with highly paid young adults employed at growing companies such as Yelp, Salesforce and Uber. 

 

These workers spent money at local coffee and lunch spots, creating a need for another set of service and hospitality workers. It was a virtuous cycle until the COVID-19 pandemic sent tech workers to work from home.

 

Save Your Business Money - Santa Clarita Use Tax Rebate Program

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. 

 

Santa Clarita Wins 3rd Award for Most Business-Friendly City from LAEDC

Last Thursday night, the Los Angeles Economic Development Corporation (LAEDC) recognized the City of Santa Clarita as the Most Business Friendly City  in LA County with a population greater than 60,000, tying with the City of Gardena. El Segundo was named the winner for cities with a population under 60,000. Tom Cole and Monica Fawcett from the city's Economic Development department accepted the award on the city's behalf at the LAEDC’s 27th Eddy Awards in SoFi Stadium.

 

The Eddy Awards® is one of the most prestigious awards programs to recognize leadership in economic development in business and government throughout Los Angeles County. It celebrates exceptional public and private leadership in LA County economic development, with the Most Business Friendly City Award and recognition of honorees that demonstrate outstanding contributions to economic development in the region.

 

California Competes Tax Credit Application 2022-2023 Fiscal Year

Have you heard about the California Competes Tax Credit (CCTC)? 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.

 

Here's how it works: Phase I is an online application process, where businesses submit information on their 5-year growth plans including a comprehensive description of their growth project, projected new hires and wages, projected amount of investment equipment and facilities, and their requested tax credit. A cost-benefit ratio is then calculated, and companies with the most advantageous cost-benefit ratio move on to Phase II for final negotiation and selection.

2022 Santa Clarita Valley Business Survey

SCV Companies: Business Climate in SCV is Robust

Local companies positively rate the business climate and quality of life in the Santa Clarita Valley. That’s the key takeaway from the Santa Clarita Valley Economic Development Corporation’s 2022 Business Survey of 155 companies.

SCVEDC Releases Adept Fasteners Case Study

Adept Fasteners expands to their new home in Valencia Commerce Center

 

SCVEDC's recent case study about Adept Fasteners provides a look at the company's objectives and space needs. The case study illustrates their reasoning behind the decision to expand their operations in the Santa Clarita Valley by designing a custom layout facility. Adept Fasteners provides engineering fastener solutions for the global aerospace and defense industry. The company offers customized inventory solutions supported by technology to meet customers' production needs and delivery times. Adept is an approved supplier for top names in the industry, including Lockheed Martin, Boeing, Northrup Grumman, Raytheon Technologies, and more.

Five Reasons Why Santa Clarita Valley is Business Friendly

As we celebrate the City of Santa Clarita's nomination once again as a business-friendly city by the Los Angeles Economic Development Corporation, it's a good time to reflect on what makes the Santa Clarita Valley so business friendly.

 

 

 

Santa Clarita Named Finalist for LAEDC "Most Business Friendly City" Award

City of Santa Clarita among 10 finalists for this year's "Most Business Friendly City" Award

 

It's been another banner year for Santa Clarita in terms of achievements and growth. Through a lot of hard work and collaboration, the citizens and businesses of SCV have really risen to meet the challenges of the last 18 months. As we heard from economist Dr. Mark Schniepp at our Economic Outlook Forecast, Santa Clarita is well on its way in terms of recovery. One of the biggest factors in growth and economic recovery is for your businesses to thrive. The City of Santa Clarita has once again been named as a finalist in the Los Angeles Economic Development Corporation's (LAEDC) award for "Most Business Friendly City" in LA County. As Los Angeles County's third largest city, Santa Clarita continues its commitment to maintain a healthy business environment for current and future companies, proactively promoting business-friendly programs and services--a critical factor in job creation. With award criteria including prioritizing and supporting business recovery, reinvention, growth and hiring throughout the COVID-19 pandemic, it's no surprise that we made the short list.

Keep Those Cameras Rolling: California's $330 Million Increase in Film and Tax Incentives

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.

GO-Biz Hosting Webinars for Businesses Interested in Applying for $284 Million in Tax Credits

Complete List of Upcoming Webinars 

July 28th, 2021

Details and Registration

August 5th, 2021

Details and Registration

August 10th, 2021

Details and Registration

SCVEDC Releases DrinkPAK Case Study

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.

A Silent Investor in Growing Your Economy: Economic Development

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. 

GO-Biz Hosting Webinars for Businesses Interested in Applying for  $80 Million in Tax Credits

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.

The City of Santa Clarita and SCVEDC Award Local Small Businesses with COVID Relief Grants

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.

Filming is Back in SCV

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

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. 

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Santa Clarita City Council Approves 2020 SCV Small Business COVID Relief Grant Program

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.

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California Competes Tax Credit Application Starts July 27

California Competes Tax Credit Application Starts July 27

Have you heard about the California Competes Tax Credit (CCTC)? 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.

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Get a Piece of $12B R&D Tax Credit – No Research Lab Required

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.

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SCVEDC Wins Two Statewide Economic Development Awards

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

SCVEDC Awards Attraction Incentive to Richard Photo Lab

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.

CalCompetes Tax Credit Presents Opportunity for SCV Companies

The Governor’s Office of Business and Economic Development (GO-Biz) announced that it is now accepting applications for the California Competes Tax Credit (CCTC). Growing companies in the Santa Clarita Valley are encouraged to apply.

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