SCVEDC Blog

Wake Up and Smell the Tax Revenue (3 Reasons Why Economic Development Matters)

How often do you think about your community’s economic development? Never, you say? Or maybe just when that alluring new business opens up shop?

We get it. It’s the job of economic development organizations to think about this all the time so you don’t have to!

But how your community’s economy develops is worth your attention every now and again. As we’ve mentioned before, growth is easy – smart growth, however, takes forward thinking and collaboration.

The Stress Isn’t Worth It! 10 Benefits of Living Close to Work

Think about how long your workday is. If you’re counting the hours from the minute you sit down at your desk, you’re doing it wrong.

Your workday really starts the second you leave your home, and lasts until you’re back through your front door. Yes, you may only spend eight or nine hours in the office, but once you factor in the commute, what’s the grand total?

Working in Santa Clarita: Big Names, Big Jobs

When it’s time to take your career to the next level, there’s a misconception that you’ve got to start by packing your bags.

After all, if you want to make it big in business, you’ve got to move to a big, hustle-and-bustle city like New York City or Chicago or Los Angeles, right? Or else live nearby and waste hours of your life commuting back and forth to work.

SCVEDC Annual Report

The Santa Clarita Valley Economic Development Corporation (SCVEDC) continues its mission of strengthening companies and unifying our region’s approach to economic development. 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.

Job Creation in the New Economy

Quick -- when you think of companies that drive the engine of our economy forward, which come to mind? Apple? Google?

Like we’ve said before, it may feel like big companies are behind the wheel, but small and medium-sized companies are pulling more than their weight when it comes to hiring and growing the economy, and they have been for some time.

Join us for the 2018 Economic Outlook Conference on March 8

Are you wondering where to get a sneak peek into the economy of the Santa Clarita Valley?...

Kaiser Permanente's New, State-of-the-Art Medical Building Slated to Open in Early 2018

Last week Kaiser Permanente gave community leaders the opportunity to preview their new facility, Santa Clarita Medical Offices 2. Slated to open to the public in early 2018, this new, innovative medical office building will help meet the needs of our growing population.

Manufacturing Jobs Aren’t Dying – They’re Evolving

You know the scene: A conveyer belt laced with bits of metal and plastic hums along, past a line of burly men in grease-stained white coats and yellow hats, each of them assembling a small bit of the whole. At the end of the line, off rolls a shiny new car, ready for a test drive.

Santa Clarita Valley – A Great Location for Business

The Santa Clarita Valley is booming! The economic growth observed in recent years is expected to continue. Santa Clarita is a cost-effective and easier alternative to other business centers in Los Angeles County. There are many factors that make the Santa Clarita Valley (SCV) a great place to do business.

Five Growing Industry Clusters in the Santa Clarita Valley

Geographic concentrations of interconnected businesses, suppliers, service providers and associated institutions in a particular industry are often referred to as an industry cluster. According to a study by Harvard University, when companies from the same industry are clustered together within an environment, it results in higher employment growth as well as higher wage growth. Additionally, the presence of strong clusters creates growth in other, unrelated industries, as well as the emergence of new industries. Strong industry clusters are an engine of economic growth in the region.

Why Newhall Ranch is Good for the SCV

Yesterday, the LA County Board of Supervisors re-approved the first two communities of Newhall Ranch, Mission Village and Landmark Village. This marks a major accomplishment for the project, and creates tremendous economic development opportunities for the Santa Clarita Valley (SCV). This project will be an economic engine for the SCV and is good news for all concerned.

SCV is a HOT location for business!

So far, 2017 has been a hot year for business in the Santa Clarita Valley (SCV)! The construction and completion of new industrial and commercial spaces such as IAC Commerce Center and Gateway V have provided relief to a very tight industrial real estate market, and word is getting out about the SCV’s business-friendly climate.

LA Metro Commuting Incentive -- Easing the commuter burden from Antelope Valley to SCV

Conservative estimates suggest that upwards of 8,000 people commute from the Antelope Valley (AV) to the Santa Clarita Valley each day, whether for work or to attend College of the Canyons. However, there is no direct bus line that services these individuals to their workplace. In a recent survey conducted by the Santa Clarita Valley Economic Development Corporation (SCVEDC), 55% of these commuters are making the drive alone, which is both costly and adds to traffic congestion.

November is a time to give thanks and a time for reflection as we approach the year’s end. I find myself reflecting on, among other things, my appreciation for our local economy.

I recently penned a column in the Santa Clarita Valley Business Journal suggesting that the key to our economic future is the fact that the SCV is slated to grow substantially in the next several decades. Last Thursday, FivePoint Communities announced a new vision for Newhall Ranch that can transform that idea into reality.

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.

Since the Santa Clarita Valley Economic Development Corporation was formed more than six years ago, it has helped bring thousands of new jobs to the Santa Clarita Valley. We help recruit companies to the SCV, especially companies seeking a more business friendly environment who are at risk of moving out of state. We also help local companies solve problems and access incentives like workforce training programs and tax credits. Job growth in the Santa Clarita Valley outpaces statewide job growth, and in recent years has outpaced residential construction, creating a jobs-to-housing ratio that is now nearly balanced. With new industrial construction underway, we have the opportunity to locate even more jobs here in the next several years.

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.

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.

The City of Santa Clarita was named America’s 20^th best city to live in by the recently released 24/7 Wall St.’s “America's 50 Best Cities to Live.”

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

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.

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.

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

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

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.