The NEW 2020 Economic Outlook Forecast
SCV’s Growth Means More (and Better) Jobs for Residents
If you’ve driven out the 14 or 126 highways recently, you have probably noticed the amount of development and construction along those corridors. And if you’re on Facebook, you’ve probably noticed that some people aren’t happy about that. I’d like to share why this growth is beneficial to the Santa Clarita Valley economy and the people who live here.
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.
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.