SCVEDC Blog

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., 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).”

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.

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.

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

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.

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.

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!

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.

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

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.

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.

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: