SCVEDC Blog

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:

2018 – A Year of Growth and Development for the Santa Clarita Valley

The Santa Clarita Valley Economic Development Corporation’s 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 Visits Hong Kong

As part of its ongoing effort to promote international investment into the Santa Clarita Valley (SCV), and to facilitate export opportunities for SCV companies, SCVEDC President & CEO Holly Schroeder recently traveled to Hong Kong. This was SCVEDC’s first return to Hong Kong since it joined then-Supervisor Michael D. Antonovich for a Chinese trade mission in 2014.

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

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.

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).

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.

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.

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.

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.

CDS Doors, manufacturer of quality cooler and freezer glass doors, is relocating to the SCV after the first of the year. The company has acquired a 50,000 square foot building in Canyon Country on Sierra Highway.

I hear it every day – CA is a tough place to do business. Some would say the worst. Sometimes I think we just believe the stories and reputation without thinking about it analytically.

Data tells another story, or at least adds more perspective and insight than the oft-quoted soundbite.

Henry Mayo Newhall Hospital today announced it will debut a new stand-alone Henry Mayo Fitness and Health facility designed to combine physical therapy and rehabilitation programs with a full service fitness center. The hospital has leased the entire 53,515-square-foot former Spectrum Club site, located on Town Center Drive, and expects to open in spring of 2016.

Local landscaping company Gothic Landscape has acquired a new building in the Santa Clarita Valley that will become its new Corporate Headquarters.

State Assemblymember Scott Wilk and the Santa Clarita Valley

Film industry people, studio and movie ranch owners and operators, and members of the Santa Clarita Economic Development Corporation executive committee and board gathered to tour the Disney’s Golden Oak Ranch – the land that Walt Disney first acquired in 1959.

Last week, the Santa Clarita Valley Economic Development Corporation (SCVEDC) announced that Logix Federal Credit Union will be moving its headquarters to the Santa Clarita Valley.

Leaders of local movie ranches and studios met Tuesday evening at Golden Oak Ranch in an SCVEDC-organized event designed to promote filming in the Santa Clarita Valley.

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.

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.

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

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

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.

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.

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: