SCV Business Journal January 2024 by Signal

SA NTA CL ARI TA VA L L E Y

BUSINESS O F F I CI A L P U B L ICAT IO N O F TH E SCV CH AM BER OF C OM M ER CE

J O URN A L

SANTA CLARITA HEALTH CARE

Santa Clarita Stock Index Keller Butler Econowatch and More!

JANUARY 2024 VOL 16 • No 1 SIGNALSCV.COM/BUSINESS

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J A N UA RY 2024

C O N T E N T S NEWS & FEATURES 4 6 8 9 11 18 18 19 20 22 22

COC to Honor Longtime Supporter Changes to Employment Law for 2024 Developing Stories Henry Mayo Shares Important Reminder The Importance of Routine Screenings The Realtor’s Report The SCV’s Priciest Listing Comfort Keepers In-Home Care The Santa Clarita Stock Index The List: Medical Offices Econowatch

4 THE CEO’S ANNUAL REVIEW AND QUESTIONS TO ASK

FROM THE EXPERTS 4 Ken Keller: The CEO’s Annual Review 10 Jeff Prang: Tax-Saving Month on Your Home 16 Paul Butler: The Gift of Work

SCV BUSINESS VOICES 5 7 17

Henry Mayo Audiology Associates SCV EDC

6 EXPERTS SHARE IMPORTANT CHANGES FOR 2024

CHAMBER SPOTLIGHTS 12

Local Advocacy in Action

January 2024 | Vol. 16 | No. 1

PUBLISHER

8 NEW GROCERS AND MORE FOR THE SCV

Richard Budman rbudman@signalscv.com (661) 287-5501

BUSINESS JOURNAL EDITOR Perry Smith

SALES REPRESENTATIVES Maureen Daniels Jennifer Ramos Barbara Ward

A proud publication of

SINCE 1919

SignalSCV. com Santa Clarita Valley Business Journal (a Signal publication), © 2024, is published monthly by the Santa Clarita Valley Signal newspaper, Paladin Multi-Media Group, Inc., 25060 Avenue Stanford, Ste 141, Valencia, CA 91355. The SCV Business Journal is intended to provide business executives with a cross-section of industry news and information, trends and statistics that impact our growing community. Information gathered in the pages of the SCV Business Journal has been collected from what are considered reliable sources, and is believed to be accurate, but cannot be guaranteed. Articles may not be reprinted without publisher’s written permission. For reprint requests, please call (661) 259-1234.

18 WESTRIDGE STUNNER HIGHLIGHTS STABILE MARKET

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The CEO’s Annual Review: Questions to Ask KEN KELLER

SCVBJ Contributing Writer

anuary provides an opportunity to review, refocus and renew. Every CEO should be conducting periodic reviews as to how to improve the business. Proactive thinking is invaluable. This review consists of thirty questions created to both challenge and provoke. What are my top three priorities for this year? Am I calendaring and conducting oneon-one meetings with those who report directly to me? Am I monitoring the one-on-one meetings my direct reports should be having with those that report to them? How effective are all the meetings we have? How can we improve how we conduct meetings? As for leadership, am I honestly leading by example? Does my entire management team understand the standard that I set for myself is the standard I expect them to emulate? Did I meet in person with significant clients last year? Am I regularly in con-

tact with clients to see what kind of opportunities and challenges they are having? Have I spent enough time with those in sales and marketing to insure that they have enough quality leads and that these inquiries are responded to professionally and timely? Does my sales team have specific objectives for specific periods of time? Has anyone reviewed how each salesperson is doing compared to the objectives that have been set? What, if any, corrective

Steve Corn to Receive 2024 ‘Silver Spur’ Award

he College of the Canyons Foundation named Steve Corn as the recipient of its 2024 Silver Spur Community Service Award in recognition of his longtime support of the college and community service in the Santa Clarita Valley, the college announced in a recent statement. The 32nd annual Silver Spur Celebration will take place at Westlake Village Inn on April 13. “I am so excited and enthusiastic about congratulating Steve Corn for being selected as this year’s Silver Spur recipient,” said College of the Canyons Chancellor Dr. Dianne G. Van Hook. “His undeniable commitment to the college and the success of our students is worthy of this prestigious recognition.” Corn joined Newhall Escrow Company in 1990 after a successful career with Siemens as western regional telecommunications manager, according to college officials. Since becoming CEO of Newhall Escrow in 2004, he has grown the familyowned company into a leading escrow company that services three valleys. COC praised Corn for two terms as president of the COC Foundation Board of Directors and as chair of the College Promise (formerly known as First-Year Promise) campaign. Corn was also a member of capital fundraising campaigns to build the college’s culinary arts center and develop a wine studies program. 

action was taken previously to close the close the gap between plan and results? What is the sales plan for this year? Are the sales people improving their sales skills? What is the company doing to help them become better at selling and what are they doing as individuals to improve? Are we pricing for profitability? Have I reviewed the organizational chart? Are we set up for success? Am I satisfied that the current lines of reporting are the most effective way to run this business? Are we training all employees? What additional areas do people need more education in? Are we moving people into jobs and giving them responsibilities before they are ready? Does every employee have the authority they need to be successful in the job they hold? How can we reduce direct costs and overhead? Are managers leading by example to demonstrate how to operate more efficiently? What nonessential costs could we eliminate? Am I effectively reviewing the financial and operational results? Do I meet monthly with finance and my managers to see where we are ahead and behind plan? Are we getting specific, actionable ideas to execute? Is there additional external support I could use that I do not presently have? Now is the time to review where you’ve been, how you’ve done, where you are going and what needs to change. 

J A N UA RY 2024

Warning Signs of a Heart Attack PATRICK MOODY

Henry Mayo Newhall Hospital

very year about 805,000 Americans have heart attacks, according to the Centers for Disease Control and Prevention. About 12% of them die. This heavy toll could be reduced if people would simply get help sooner. Most people wait more than two hours to get help, according to the American Heart Association (AHA). However, heart attack treatments work best if they’re given within an hour after symptoms start. These treatments can stop or reverse the heart attack, restoring blood flow to the heart, saving the person’s life and preventing severe heart damage that can limit activity permanently. Quick action is the best way to fight back at heart attacks. To help ensure you’re ready, get familiar with the warning signs of heart attack and plan ahead of time how you would respond to heart attack symptoms. The AHA and the National Heart, Lung, and Blood Institute (NHLBI) list these common symptoms of heart attack: Uncomfortable pressure, fullness, squeezing or pain in the center of the chest that lasts more than a few minutes or that goes away and returns.

Pain or discomfort in one or both arms, the back, neck, jaw or stomach. Shortness of breath. Cold sweats, nausea or light-headedness. Not every symptom occurs in every heart attack. If you or someone around you has some of these symptoms, seek help immediately— wait no more than five minutes to call 911. WHAT TO DO NOW The NHLBI recommends planning ahead of time what you’ll do if you have heart attack symptoms at home, while sleeping, at work or in any other situation that might require thinking ahead. Decide who would care for your dependents, if you have any, in an emergency. Keep a list of the medicines you take and the medicines you’re allergic to. If you’re concerned about your health See HENRY MAYO, page 19

SCV BUSINESS VOICES

Immediate medical care can prevent heart damage and death from a heart attack. If you have heart attack symptoms, call 911 right away.

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Experts Discuss Changes to Employment Law for 2024 BY PERRY SMITH

SCV Business Journal Editor

ith the advent of a new year, California employers are once again facing a slew of new regulations. Business experts advise business owners to make a note, a reminder, to check in on those rule changes as part of their annual housekeeping. “I always, frankly, put it on the calendar the first week of January because that’s where most of the laws (take effect),” said Ken Keller, CEO of Strategic Advisory Boards, a Business Journal columnist and longtime business adviser. Keller also said that it’s a critical topic. News reports of lawsuits and even criminal prosecutions demonstrate what can happen to a business owner who violates California’s labor law, regardless of whether it’s done unknowingly or unwillingly.

Big Changes in 2024

One of the most significant legal changes to the business landscape for business owners this year comes in the form of a law that takes effect Jan. 1, Senate Bill 616, according to Brian Koegle, a partner at Greenspoon Marder LLP. For years, Koegle has given an annual presentation to the Santa Clarita Valley Chamber of Commerce on employment law updates, which he presented this year Jan. 18. “The obligations on the employer have gone up substantially,” Koegle said, “from what we’ve seen since the passage of the Healthy Workplaces Healthy Families Act of 2015 on.” Employers are now required to provide 40 hours of sick pay a year, he said, and that benefit also needs to be provided to part-time employees who work a certain number of hours each year. Koegle’s said his practice is oriented around the businessowner because it’s a position that’s often a sort of David-versus-Goliath for smaller businesses when they’re interests collide with the Legislature’s priorities. “And so, the issues that have come up most recently are, ‘What do employers do? What can we still do? And what do we have to change when we are having

Brian Koegle of Greenspoon Marder LLP speaks during the Santa Clarita Valley Chamber of Commerce 2023 Employment Law Update held at the Santa Clarita Valley Senior Center at Bella Vida in January 2023. PHOTO BY DAN WATSON / THE SIGNAL

employees using their sick leave or assume that they may be exploiting that paid sick leave for personal benefit when they’re not really ill?’” Koegle said in a phone interview. “Well, the answer is very little.” Best practices allow for bosses to request a physician’s note for anybody who has missed three days or more due to illness for a consecutive period of time, he said. “Employers are permitted to ask for a physician’s note,” Koegle said, “but I strongly encourage that an employer have a written policy on this.” The California Chamber of Commerce issued a statement in response to Newsom’s signing of SB 616, which the organization considered a “Job Killer bill”: “This new mandate will impose significant costs on California businesses, especially small employers already operating on slim margins,” said CalChamber President and CEO Jennifer Barrera. “Many California businesses already offer more than three days of paid sick leave and can afford to do so. Our concern is that far too many small employers simply cannot absorb this new cost, especially when viewed in context of all of California’s other leaves and paid benefits, and they will have to reduce jobs, cut wages, or raise consumer prices to deal with this mandate.

Keeping Up to Speed

These laws can affect everything from what the minimum wage is for a specific job to employees’ benefit requirements.

Keller said business-advocacy groups like the Santa Clarita Valley Chamber of Commerce, and specifically mentioning CalChamber, the statewide organization, as good starting points for information like a general one-sheet on the laws. However, he recommends business owners who have significant questions about law changes or how they might apply contact a human resources professional. “There’s so many new employment laws every year,” said Barry Cohn, CEO of Valencia-based Jorgensen HR. “In 2023, (Gov. Gavin Newsom) signed over 900 new laws, of which 97 were employment laws,” Cohn said, adding many of them are narrowly written to suit specific industries. Cohn said his firm often helps small businesses, those with 100 or fewer employees, because they often don’t have the resources that include a full-time HR consultant in-house. But his firm prepares that type of information for businesses and sends them alerts through his email newsletter. One San Fernando Valley client, for example, is a family-run business in which the same person who oversees the human resources department also doubles as the company’s bookkeeper. “So what we do is every time there’s an important issue, or when important items come up regarding employment law or HR, we’ll send it to our clients,” Cohn said. 

J A N UA RY 2024

SCV BUSINESS VOICES

5 Tips for Taking Care of Your Hearing Aids DR. KEVIN BOLDER

AuD, Audiology Associates

earing aids are designed to help you hear better even in the most challenging listening environments. In order to keep your hearing aids functioning properly it’s important to take care of them. Bringing your hearing aids in for regular check-ups and deep cleanings is important for the longevity of your devices. TIPS FOR HEARING AID WEARERS 1. Handle your hearing aids with care 2. Turn your hearing aids off when you’re not using them 3. Store your hearing aids in a dry, safe place 4. Remove any earwax from your hearing aids 5. Change the filters and wax guards regularly

Although hearing aids are designed to be durable, they should be handled with care and properly maintained. In order to ensure the technology keeps performing it’s best for you it’s important to have your hearing aids serviced on a regular basis.

with these tips and will ensure they provide you

THE IMPORTANCE OF CLEANING YOUR HEARING AIDS Earwax, dirt, and other debris can accumulate in your hearing aids. Every time you take your hearing aids out of your ears you should wipe them down with a dry cloth. If you don’t feel comfortable changing the filters or wax guards, then be sure to come in for an appointment.

in addition to your other annual doctor visits.

BRING YOUR HEARING AIDS IN FOR REGULAR CHECK-UPS Taking care of your hearing aids can be easy

with better hearing for the years to come. The best thing you can do to make sure you are maintaining your overall health and wellbeing is to receive regular hearing screenings To schedule a hearing aid consultation today, please call Audiology Associates at 661-2841900. Kevin Bolder, Au.D and John Davis, Au.D. are two of the best in Santa Clarita and San Fernando Valley. Visit our website at www. AudiologyAssociates.net or stop by our office located at 25425 Orchard Village Road, Suite 220, Santa Clarita, CA 91355. We are hearing healthcare excellence! 

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Trader Joe’s and more coming to Santa Clarita DEVELOPING STORIES

BY PERRY SMITH

SCV Business Journal Editor

hile the announcement of a new Trader Joe’s coming to the Golden Valley shopping center might be the most exciting development of 2024 for many so far, it’s far from the biggest news on the horizon. The popular grocery store’s newest location, a compliment to the current spot on Bouquet Canyon and Newhall Ranch roads, excited many when the store confirmed the news to The Signal. The city has alread signed off on plans for tenant improvements at 19037 Golden Valley, next to the PetSmart. The new Daiso store first announced here early last year, which is also slated for the Golden Valley shopping center, is expected to open next month. A couple smaller additions to the city’s business scene include a place called Santa Cruz Brewing Co., which is going into the same location as the former site of Telco Brewing, on Avenue Hopkins. The previous location, Telco Brewing, was opened by Anthony Santa Cruz and Jaime Hernandez in October 2018 after the two AT&T employees learned they shared a love of brewing and found success in the Montrose Brew Festival. The business announced its closure in August. Now Anthony Santa Cruz is bringing back the effort as a family affair, he said in a recent interview. Hammer & Nails, a new barbershop, is opening up on Town Center Drive in Valencia, according to Jason Crawford, director of economic development for the city of Santa Clarita. The business’ website describes the place as a “luxury grooming shop for guys.” There’s also a new McDonald’s and a new Dutch Bros. which are slated to go next to each other off Golden Valley Road, near where College of the Canyons is building a new career technical education center. On the macro scale for development, the city is expected to bring the Town

A second Trader Joe’s in the Santa Clarita Valley is set to open at The Plaza at Golden Valley in the 19037 Golden Valley Road space. It’s part of a number of new plans being developed for the area. PHOTO BY HABEBA MOSTAFA / THE SIGNAL

Center Specific Plan — essentially what’s in store for the Valencia Town Center’s new owners — this spring, according to Crawford. “That is making some good progress,” he added. Similar projects by Centennial, which purchased the mall property from Unibail-Rodamco-Westfield in September, have included a mix of market-rate housing and retail shopping, but little has been said publicly of what’s been discussed so far. Another couple projects expected to be discussed in front of the city of Santa Clarita’s Planning Commission in the coming months are the mixed used projects at the former sites of the Saugus Speedway and the Smiser Mule Ranch, respectively. The former Saugus Speedway site is expected to be a housing development/ sound-stage project with Shadowbox Studios, and the Wiley Canyon Project, is a 32-acre site just east of Interstate 5 and west of Wiley Canyon Road, between Hawkbryn Avenue and Calgrove Boulevard. The site is familiar to long-time local residents as the former site of the Smiser mule ranch, which previously housed the 30-mule pack of late trucking company owner Sam Smiser, according to SCVHistory.com. It was renowned for pulling floats in the Rose Parade, according to the website. Santa Clarita received an application for a mixed-use, residential development to be located on the 40-acre Saugus Speedway property in October 2021. The (Riverview) project includes a subdivision

into five lots/planning areas to include a total of 318 residential units and recreation amenities. “The commercial portion is proposed as the Shadowbox Studios, which consists of six 11,000-square-foot sound stages and a parking structure,” according to a previous email from Crawford. The Wiley Canyon Project is slated to include a 277,000-square-foot, four-story senior living facility with 130 independent living units, 61 assisted living units and 26 memory care beds; 379 apartment units, ranging from two to four stories; and nearly 9,000 square feet of commercial space. There are also expected to be a few subdivisions and smaller unrelated items to these projects on the Planning Commission agenda in the latter part of January, according to Crawford. Work on Shadowbox Studios’ main project also is expected to begin early in 2024, a nearly 1.3 million-square-foot development at the entrance to Placerita Canyon. The plans for a 93-acre full-service film and television studio with 19 soundstages and its supporting facilities were recommended for approval by city staff over the summer. The projects from Shadowbox roughly double the square footage that the city of Santa Clarita has dedicated to sound stages and their support facilities. 

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J A N UA RY 2024

Colorectal Cancer is Potentially Deadly HENRY MAYO NEWHALL HOSPITAL

olorectal cancer is a potentially deadly disease. But lifestyle changes can help you prevent it, and screening can detect it early, when it’s small and easier to treat. Colorectal cancer is a leading cause of cancer death in the United States, according to the American Cancer Society (ACS). But there are steps you can take to help protect yourself. Regular screening and healthy lifestyle choices can help prevent the disease altogether. If cancer does develop, screening can help detect it early, when it is much easier to treat effectively.

Find it Early

Most colorectal cancers start as abnormal growths, called polyps, on the lining of the intestines. These polyps can be removed before they develop into cancer. Many early colorectal cancers can also be treated successfully. According to the ACS, survival rates drop dramatically after cancer spreads to other parts of the body. Screening is the best tool for finding polyps or colorectal cancer early. The ACS recommends that people at average risk for colorectal cancer start screening at age 45. Your doctor can help you decide which screening program is right for you. If you have risk factors, such as a family history of colorectal cancer, polyps or inflamma-

tory bowel disease, your doctor may recommend that you start screening earlier or be screened more often.

Prevention is Best

You can take steps to lower your risk by making healthy lifestyle choices. The American Institute for Cancer Research recommends the following: Limit intake of red meat, such as beef and lamb, to no more than 18 ounces (cooked weight) a week. Avoid processed meat, such as hot dogs, ham, bacon and sausage. Know the risks of alcohol. Colorectal cancer has been linked to drinking alcohol. Maintain a healthy weight. Be physically active for at

least a half hour a day.

Don’t Ignore Symptoms

Some colorectal cancer can’t be prevented, but it can be treated. The ACS says to check with your doctor if you have:

Diarrhea, constipation or another change in bowel habits for more than a few days. Cramping or steady stomach pain. Blood in your stool or from your rectum.

Having symptoms doesn’t necessarily mean you have cancer, but they should always be investigated. Getting them checked could ease your mind, or it could save your life. You can learn more at henrymayo.com/screenings. 

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Tax-Saving Month on Your Home with New Wrinkle BY JEFF PRANG

Los Angeles County Assessor

his month, I want to take a moment of your time to visit about a specific property tax-savings program my office offers that is just waiting to reduce your budget. We do manage several programs for seniors, veterans, people with disabilities and nonprofits, resulting in $724 million in tax savings last year alone. Since 1974, the state’s Constitution has tried to give homeowners financial relief against the high cost of housing through the Homeowners’ Exemption (HOX) that can automatically reduce your assessed tax burden by $7,000, if the home is your primary residence as of Jan. 1. That translates to an actual reduction of $70 to a homeowner’s tax bill. And all the homeowner must do is fill out the application at assessor.lacounty.gov and they are good to go. The deadline is Feb. 15 to get all the savings but if you miss the deadline, please file anyway and you will get it prorated this year and the full amount the following years. Homeowners need only apply once in order to receive these savings each year. The savings continue until a change (such as a sale) is recorded. It’s important to remember that when the Homeowners’ Exemption was created in 1972 and then formally enacted in 1974, the median sales price for a singlefamily home was about $34,000 statewide. The median sales price of a home now is about $800,000. The $70 exemption taken off the property tax bill is entirely inadequate in providing any relief for the California homeowner. We cannot forget that the property tax bill also includes local bond debts and fee assessments, including water and school districts that have nothing to do with assessed value of the home under Proposition 13. Yes, obviously it is long overdue for an increase to the Homeowners’ Exemption. As a hypothetical example, if the state Legislature increased the current homeowners’ exemption from $7,000 to

The deadline is Feb. 15 to get all the savings but if you miss the deadline, please file anyway and you will get it prorated this year and the full amount the following years.

$25,000 for everybody and perhaps even up to $500,000 for qualified low-income homeowners, that translates into a savings of $250 for all and $5,000 for those qualifying low-income homeowners. I encourage our state Legislature to study this issue and increase the Homeowners’ Exemption, even modestly. At a minimum, they should attach an escalator clause that will keep the Homeowners’ Exemption in line with inflation. Having said that, at the current savings of $70, nearly one-in-three homeowners in Los Angeles County still do not take advantage of this program, leaving $30 million unclaimed each year. Across the County, an additional 435,000 families can be saving on their tax bills. The Homeowners’ Exemption is even more important than ever before because of Proposition 19. Prop. 19 has changed the rules that apply to transfers between parents and children or in some cases, even grandparents to grandchildren. Prop. 19 abolishes transfers of any property not being used as a primary residence. It also eliminates the current parent-to-child and grandparent-tograndchild exemption in cases where the child or grandchild does not use the inherited property as their principal

residence, such as using a property as a rental house or a second home. However and this is most important: The child receiving the home has one year from the date of transfer to acquire the Homeowners’ Exemption, if the parent did not have it at the time of the transfer. If the home does not have the Homeowners’ Exemption, the children will not receive the tax benefit, and they could be stuck with a huge property tax increase. I am providing regular briefings on the latest updates and our website will be continuously posting new information on Proposition 19 that may assist taxpayers. For more information on Prop. 19 or other tax savings programs, visit assessor.lacounty.gov or call 213/974-3211. Los Angeles County Assessor Jeff Prang has been in office since 2014. Upon taking office, Prang implemented sweeping reforms to ensure that the strictest ethical guidelines rooted in fairness, accuracy and integrity would be adhered to in his office, which is the largest office of its kind in the nation with 1,300 employees and provides the foundation for a property tax system that generates $24 billion annually. 

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J A N UA RY 2024

The Importance of Routine Cancer Screenings KECK MEDICINE OF USC

he consequences of delayed or canceled routine cancer screenings can be severe. According to the National Cancer Institute, this unfortunate situation may lead to over 10,000 cancer-related deaths in the next decade. Cancer doesn’t often exhibit symptoms until it has reached an advanced stage, making early detection through routine screenings all the more important. These screenings have the potential to identify abnormalities before symptoms manifest, increasing the chances of successful treatment and cure. By waiting until symptoms become apparent, cancer may have already progressed or spread, making

treatment and a complete cure more challenging. Screening tests are not generally diagnostic tests for cancer; instead, they serve as a means to identify potential abnormalities that may require further investigation.

Diagnostic tests are then performed to determine if cancer is present. The exception is screening colonoscopy for colorectal cancer in which polyps, if present, are removed and may either diagnose cancer or even treat very

early cancer by removal. Certain individuals have a higher risk of developing specific types of cancer. These risk factors include personal and family history of cancer, exposure to cancer-causing substances, and advancing age. Cancer screening frequency, degree and start age should be nuanced based on how high-risk you are for cancer. However, even those deemed low risk can still be susceptible to cancer. Therefore, it is important to consider routine screenings, even if deemed to be at lower or standard risk. Various risk factors are associated with specific cancers such as breast, colorectal, lung, and prostate cancers. These factors can include See KECK, page 19

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J A N UA RY 2024

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The Voice of Business Kathryn Barger Endorsed for L.A. County Supervisor

2024 Leadership to Continue Building a Strong, United Business Community

The SCV Chamber has endorsed Kathryn Barger for re-election to LA County 5th District Supervisor for the March 5, 2024, California primary.

We are proud to announce our 2024 leadership team which will

Dedicated to providing effective, responsive representation to the residents of Los Angeles County, Kathryn began her career in public service as a college intern in the office of former Supervisor Antonovich and rose to become his chief deputy, where she served until her election to the Board of Supervisors in 2016. She both served as Chair of the Board and was reelected for her second term in 2020. We have developed a strong working relationship with Supervisor Barger over the last eight years and she has proven to be a reliable and trusted advocate for business. Given her decades of County service, Kathryn has a strong understanding of the issues and how public policy can positively impact everyday lives. She is a true non-partisan leader who works to bring people together to build community with a commonsense approach to solving issues. Her expertise in mental health, economic development, foster care, and public safety have delivered a hands-on and results-driven approach to address the systemic failures causing the crisis. She has led the charge to overhaul our homelessness bureaucracies, expand access to mental health and substance abuse services, as well as growing affordable housing solutions.

Ivan Volschenk Selected for U.S.Chamber Foundation Education and Workforce Fellowship Program

SCV Chamber President/CEO Ivan Volschenk has been selected to participate in the ninth cohort of the U.S. Chamber’s premiere business leadership program. The Business Leads Fellowship Program trains and equips leaders from state and local chambers of commerce, economic development agencies, and trade associations with resources, access to experts, and a network of peers to build their capacity to address the most pressing education and workforce challenges.

Following a competitive application and selection process, Ivan Volschenk was selected along with 34 other state and local chamber executives, economic development professionals, and association leaders to participate in the ninth class of this program. The eight-month program, consisting of both in person and virtual meetings, will cover the entire talent pipeline, including early childhood education, K-12, post secondary education, and workforce development. Upon completion, Business Leads Fellows will join the U.S. Chamber Foundation’s dedicated network of over 300 chambers of commerce and statewide associations from around the nation who regularly engage on education and workforce initiatives.

further continue the Chamber’s work of building a united business community. As the largest business membership organization in the Santa Clarita Valley, the Chamber’s leadership will work to bring businesses together to provide greater member benefits that reduce business expenses and provide value-driven programming. As we embark into 2024, the SCV Chamber has established a broad-based leadership team representing small, medium, and large businesses from a broad spectrum of industries to guide the Chamber into the new year in an effort to best work together as a united community. We are pleased to have Becki Robb (Princess Cruises) continue as Chair, and announce Di Thompson (Thompson Realty Advisors) as Chair-Elect for 2025. We are excited to welcome four new members to the Board of Directors: Jeffrey Gregor (College of the Canyons), Denise Lite (DaCorsi Placencio, PC) Holly Schroeder (DrinkPAK) Tom Swire (Mercedes Benz of Valencia). “I’m proud of the strong leadership team we’ve had for the SCV Chamber in 2023 and I look forward to building upon our strengths into the new year. It’s more important than ever that the Chamber has a clear vision of bringing the entire business community to work together as we move forward in providing high-quality, valuedriven programming and pro-business advocacy for our members.” - Becki Robb, 2023/2024 Chair of the Board “One of our main focusses this year was to bring unity and support for our entire business community, to work together, and to help one another thrive as businesses in the Santa Clarita Valley. The Chamber has strategically focused on ensuring our leadership represents the growing diversity of our community to ensure equity and inclusion is part of our focus as an organization. It’s proof we can all work together for pro-business advocacy and support businesses.” - Ivan Volschenk, President/CEO. The Chamber has continuously worked to provide the highestquality member services and to be The Voice of Business for the SCV business community for over 100 years. It continues to build a well-respected and regionally recognized business advocacy organization in the third largest city in the County of Los Angeles. The full board of directors will be ceremonially installed on Friday, February 2, 2024, at our Annual Awards + Installation. For more information on the event or to register/sponsor, email hello@scvchamber.com

14 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L

J A N UA RY 2024

Business Councils

2024 Board of Directors

As the third largest city in Los Angeles County, the Santa Clarita Valley Chamber of Commerce represents over 65,000-member workforce. We realized we can better serve our business community by having six Business Councils, allowing members to work on issues specific to their area. Our Councils provide a channel for our members to be involved in solving problems, discussing issues, and implementing special projects and events for the benefit of the area being served. Participation offers members the opportunity to prioritize

CHAIR OF THE BOARD

and bring a focus to the business needs of the area, and to take community leadership roles

BECKI ROBB - PRINCESS CRUISES

in addressing these needs. It can increase members’ business network, and provide stronger representation on area issues. Also, since area councils exist as industry-specific, par-

EXECUTIVE COMMITTEE

ticipation provides an opportunity for area-specific networking with others doing business.

Di Thompson – Thomspon Realty Advisors | Chair Elect Dr. Chris Raigosa – Kaiser Permanente | Past Chair

LATINO BUSINESS ALLIANCE BLACK BUSINESS COUNCIL Our LBA council works to promote Latino-

Michael Grisanti – Hedman Partners, LLP | CFO

owned business as well as relevant issues fac-

ANDREA CARPENTER - Logix FEDERAL CREDIT UNION

ing our Latino business community. In addi-

Matt Dierckman – Colliers International

tion the LBA helps to educate businesses on

SANDY SANCHEZ - FivePoint

how to enhance a company’s business efforts with Latino customers and other Latino-

BOARD OF DIRECTORS

owned businesses.

JENNIFFER ABBOTT - HUMAN ELEMENT COMPANY

GOVERNMENT AFFAIRS

Hunt Braly – Poole Shaffery KIARA BROWN - CALIFORNIA INSTITUTE OF THE ARTS KAREN BRYDEN - SCV Locations STEVE COLE - SCV Water Agency Tom COLE - City of Santa Clarita TROY HOOPER - Kiwi RESTAURANT Partners Jeffrey Gregor – College of the Canyons PATRICK MOODY - Henry Mayo Newhall Hospital Denise Lite – DaCorsi Placencio, PC DR. IZU OKPARA - Omni Wound Physicians HENRY RODRIGUEZ - State Farm Insurance LINDSAY SCHLICK - SchlickArt Video & Photography Holly Schroeder – DrinkPAK Tom Swire – Mercedes Benz of Valencia ROCHELLE SILSBEE - Southern California Edison Eric Stelnick - LBW Financial & Insurance Services DENNIS VERNER - Burrtec KARINA WINKLER - Holiday Inn Express

The Government Affairs council meets to discuss policy decisions on a local, county, state and federal level. As a member, you are encouraged to attend a meeting and have your voice heard throughout the SCV and take a stance on pertinent issues relative to the business community or your industry in particular.

SMALL BUSINESS Small Businesses are at the core of our Chamber’s membership and are the backbone of our economy. The Chamber offers a variety of educational and networking programming to help your small business thrive. The council focuses on three main objectives: Advises the SCV Chamber on small business related issues, programming and networking opportunities; Supports the Chambers “Retail Walks” with elected officials; and helps promote the nationwide “Small Business Saturday” program which highlights small businesses on the Saturday after Thanksgiving.

Our Black Business Council works to inspire, empower, and promote the economic growth and sustainability of black businesses, entrepreneurs, and professionals within the Santa Clarita Valley. In addition it serves as a catalyst for engagement, awareness building and consultation; eliminate barriers to opportunities and addresses issues unique to black owned businesses, professionals, and their families.

API BUSINESS COUNCIL Our Asian Pacific Islander Council works to identify and advance API-owned businesses and business leaders in the Santa Clarita Valley. The API Council develops programs and offers resources to strengthen the API business community. The purpose of the API Council is to build and foster community among API-owned businesses to create a positive impact in where we work and reside.

NON-PROFIT COUNCIL The SCV has a strong philanthropic community with more than 100 locally-based nonprofit organizations that help our community thrive. Our non-profits are a key reason why Santa Clarita is a great community and always looking towards a better future. The council provides business resources for our local non-profit leaders to help them connect, grow and learn about valuable information so they can successfully meet their organizations mission and goals.

J A N UA RY 2024

S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L · 15

UPCOMING EVENTS Business After Hours Mixer at Thermal Horizons January 17 | 5:30 pm Our first Mixer of 2024! Join us at Thermal Horizons Yoga and Wellness Center for the opportunity to meet other Santa Clarita Valley leaders. Start the new year off strong and join over 150 business representatives from across the Santa Clarita Valley for an evening of networking. This is your opportunity to make new connections and catch up with friends!

2024 Employment Law Update January 18 | 3:30 pm Our annual Employment Law Update is returning for 2024! Join us as we welcome back Brian Koegle, Partner at Greenspoon Marder LLP, for a comprehensive update on developments in employment law that will be most impactful for your business in the coming year. All businesses, regardless of size or composition, are encouraged to attend!

2024 Awards + Installation February 2 | 6:00 pm Join us for our 2024 Awards + Installation to honor business achievements around the Santa Clarita Valley and install the new 2024 Board of Directors and recognize all our business honorees. Email us at hello@scvchamber.com to find out more about available sponsorships. Help us welcome Handel’s Homemade Ice Cream in Stevenson Ranch at their grand opening and ribbon cutting celebration on February 8 at 11am.

To view our full calendar and event details go to www.SCVChamber.com.

First 50 customers receive free ice cream for a year on Thursday, February 8th, beginning at 11am. West Ranch Cheerleaders and Drumline will perform from 5-7pm.

16 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L

J A N UA RY 2024

Reflecting on the Gift of Work BY PAUL BUTLER

SCVBJ Contributing Writer

egardless of one’s religious beliefs, most individuals likely participated in a gift exchange on Christmas Day. The gift was probably acquired through a purchase, requiring the giver to relinquish something (money) to the store. In return, they received the gift, as the seller gave up inventory. Instead of keeping the gift, the giver chose to bestow it upon someone else — the receiver. The receiver is the sole party not sacrificing anything; their only action is to accept the gift. This concept prompted me to contemplate the workplace dynamic. An employee sacrifices a portion of their time and effort and, in return, receives payment. The employer relinquishes cash, having received the employee’s labor to create products or services sold to customers. The customer, in turn, exchanges cash for the product or service. Recently, I found it intriguing to delve into the history of the word “pay.” We commonly refer to a “paycheck” or “be-

ing paid,” but where does the term “pay” originate? It means “to appease, pacify or satisfy,” derived from the Old French word “paier,” signifying “to make peaceful.” Thus, when an employer compensates an employee or vendor, they are essentially “making peace” in exchange for the labor, goods or service received. The complaint about minimum wage often arises, prompting me to question why individuals don’t exert maximum effort to surpass it. Employers determine wages based on their assessment of the value of a unit of time—a basic skill earns a basic wage, while enhanced skills com-

mand a higher reward. In a free market, consumers dictate the acceptable price for a product or service, leading employers to optimize processes and labor efficiency to generate profits for shareholders. The company then pays taxes on profits, and shareholders pay taxes on dividends and capital gains. These taxes fund government expenditures, with recent data from Pew Research indicating allocations to defense (15%), health care (13%), interest payments (6%), income security (13%), benefits for veterans (5%), education (3%), social security (24%), Medicare (15%), foreign aid (1%) and other (5%). This intricate system involves giving and receiving to sustain the world’s functioning. As an employee, one receives compensation commensurate with the employer’s valuation of time and effort. If an individual believes they deserve more, they may seek employment elsewhere. Employers reciprocate by paying what they deem fair for the task and level of effort. Both parties, along with

shareholders, fulfill their obligations by paying taxes, essential for maintaining peace with government authorities. Returning to the analogy of the gift receiver on Christmas Day, it becomes apparent that even in a business context, this person did contribute — they inspired the giver through their love and care. Reflecting on the spirit of Christmas, I am struck by the realization that I have received the Ultimate Gift, and my only response is to love the Giver, understanding that the Giver loved me first. This unique gift exchange fosters peace between the parties involved. In closing, I extend warm wishes for a Happy New Year to all readers of this column. I derive immense joy from writing and am grateful for the encouragement many of you provide. Paul Butler is a Santa Clarita resident and a client partner with Newleaf Training and Development of Valencia (newleaftd.com). For questions or comments, email Butler at paul.butler@newleaftd.com. 

J A N UA RY 2024

SCV BUSINESS VOICES

SCVEDC is Your One-Stop Resource for Business Needs in 2024 BY JEY WAGNER, ED.D.

President & CEO of the Santa Clarita Valley Economic Development Corporation

he 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 across our region, 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 access tax credits and incentives, workforce development and training, and vital data in support of economic vitality. Here are just a few of the programs SCVEDC offers to support local businesses: LIVEWORKSCV.COM LiveWorkSCV.com is a comprehensive, highly visible job board that matches SCV employment opportunities with SCV residents who want to work within their own community and avoid otherwise long commutes to work. Local SCV companies spanning across a variety of industries can post all levels of open positions and job seekers can search for jobs. This is a free resource open to SCV employers and residents. Learn more: www.LiveWorkSCV.com. WORKFORCE TRAINING The SCVEDC promotes policies, programs, and activities that seek to create and retain high-quality jobs, facilitating economic growth. We continually work with community partners, educational institutions, and local businesses to facilitate workforce development efforts and programs. Whether it is customized skill development programs at little to no cost through College of the Canyon’s Employment Training Institute, establishing apprenticeship programs for your business, or even identifying subsidized hiring programs through LA County’s America’s Job Centers of California, Santa Clarita Valley businesses have a wealth of resources at their disposal. BROKER PORTAL To companies considering moving to the business-friendly Santa Clarita Valley, as well as their brokers and site selectors, the Santa Clarita Valley Economic Development strives to be a one-stop shop to help close the deal. Our online Broker Portal offers information about incentives and workforce training, data

and demographics, business, and industrial parks, as well as maps and case studies. Visit http://www.scvedc.org/brokers to learn more, and visit the Data page for quarterly economic snapshots, quick facts, annual Economic Outlook book, and other specific data reports. SCV MEANS BUSINESS PODCAST The Santa Clarita Valley is home to businesses across several diverse industries, many of which chose this location to address a few

common needs that arise for any growing company. Tune in at: www.scvedc.org/podcast. ECONOMIC OUTLOOK FORECAST Each year SCVEDC compiles a research book with information vital to your business. The Economic Outlook Forecast features information and data that will help business leaders prepare for both the short term and the long term. An updated outlook book can be downloaded here: www.scvedc.org/outlook. 

18 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L

J A N UA RY 2024

SCV Market Reflects Stability Heading Into Winter BY PERRY SMITH

SCV Business Journal Editor

he Santa Clarita Valley real estate market reflects the continued stability of its quality and value, according to the latest report on data from the Southland Regional Association of Realtors. Mentioning national headlines that “paint a nationwide narrative” of a cooling market, not so in the SCV say local officials, with the release of the latest figures. Each month, the Southland Regional Association of Realtors issues its latest report on market trends for the singlefamily home and condominium market, as well as a few insights from those who by and sell the most. The organization’s database combines all the largest listing services in the area. “Santa Clarita Valley’s vibrant community and family-first atmosphere continue to attract buyers,” said Anthony Bedgood, chair of the SCV division of the SRAR, in a statement. “We’re seeing steady price growth, particularly in single-family homes, while the recent rise in new listings hints at potential market adjustments. Importantly, existing inventory moves quickly, and days on the market plummet, demonstrating strong buyer confidence.”

KEY

MARKET

STATISTICS

New listings

196, up 17% year over year Active listings 391, down 31% YOY Pending sales 131, down 13% YOY Closed sales 176, showing a 2% YOY decline Days on market 23 days, 20 days fewer YOY The median sales price for all closed sales for the month was $755,000, which real estate leaders noted was a 3% yearover-year gain for the same month. It’s a figure that reflects the consistent equity that an SCV property represents, officials said. Furthering that point, the figure for single-family homes, $805,000 median, represented a 2% year-over-year increase. The condo price is up 8% year over year in the reports, too, to $515,000. In addition to being a safe, familyfriendly community with solid schools, there are economic factors that play a

role in the SCV’s strong housing market, according to officials. “With major employers in aerospace, health care and entertainment industries choosing Santa Clarita Valley as their home, coupled with abundant parks, trails and family-friendly outdoor activities like the Six Flags Magic Mountain, our housing market remains stable amidst evolving market conditions,” said Paul Cauchi, CEO of the SRAR. One of the most significant numbers for real estate data that stands out in comparing the most recent figures to the same time in 2022 is how much more quickly homes are coming off the market, according to the experts. In the most recent month for which complete data is available, November, homes were coming off the market in 23 days, about 20 days faster than the same time last year. Those figures indicate “decisive buyer action in the current environment,” officials said. The SRAR, established in 1920, touts itself as the voice of real estate in San Fernando and Santa Clarita valleys, with over 11,000 members, according to its news release. The SRAR “advocates for homeownership, professional standards and the ethical conduct of real estate professionals.” 

A Six-Bedroom Stunner in Westridge Estates BY PERRY SMITH

SCV Business Journal Editor

his month’s highlight from the listings from agents with the Southland Regional Association of Realtors is another exclusive home in the west side enclave of Westridge Estates. A listing on Zillow describes a six-bedroom, seven-bathroom, 7,745-square-foot beauty of a home on 25878 Shady Oak Lane. The home is situated at the end of a quiet cul-de-sac inside a guard-gated commu-

This home at 25878 Shady Oak Lane is situated at the end of a quiet cul-desac inside a guard-gated community, a neighborhood is just south of Valencia Boulevard and west of Interstate 5. PHOTO COURTESY ZILLOW

nity, the neighborhood is just south of Valencia Boulevard

and west of Interstate 5. “The main level features a

grand entrance and a cozy formal living room with a fireplace that opens up to a courtyard patio,” according to the online listing. “Adjacent and on the main level is a formal dining room, family room, powder bath, additional bedroom, full bathroom, and not to mention a kitchen that is a chef’s dream!” The listing, represented by Kristi Davalos of eXp Realty of California, entered into escrow in January for $4.25 million. Davalos can be reached at 661-713-8690. 

S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L · 19

J A N UA RY 2024

Comfort Keepers In-Home Care

Caring For Seniors In Their Home For Over 22 Years

omfort Keepers has earned the reputation as a premier provider of quality in-home care. In fact, readers of The Signal have voted Comfort Keepers BEST In-Home care for 12 consecutive years! Comfort Keepers is a licensed Home Care Organization (HCO) locally owned and operated by Myles McNamara. Their goal is to enable seniors to remain in the privacy and comfort of their own home for as long as possible. Often, all that’s needed is a helping hand with daily tasks, including but not limited to, medication reminders, bathing/showering assistance, meal preparation, light housekeeping, laundry, transportation (beauty salon, doctors, etc.), grocery shopping, companionship, grooming guidance, recreational activities, and more. Comfort Keepers is crucial after discharge from a hospital stay to safely transition home, avoiding preventable

HENRY MAYO

Continued from page 6

insurance, check on your benefits. Most companies cover emergency care for possible heart attacks. Most important, talk to your doctor about your risks for a heart attack and how to reduce them. No excuses If there’s any chance that you or someone you love is having a heart attack, call 911 immediately. It’s the fastest way to access advanced medical care. Do not try to drive yourself to the hospital unless you have no other options. The medical experts who work in ambulances can start life-saving treatment as soon as they reach you. If your heart stops suddenly, they have the equipment to start it again. Arriving in an ambulance also means you’ll get priority treatment at the hospital. When it comes to heart attacks there’s no time for anything but the most advanced care. Talk to your doctor about heart attack symptoms, and if you ever experience them, get help right away. It could save your life. 

readmission. They are also instrumental in lowering stress for family members juggling busy lives and work schedules around attending to a loved one’s needs. Their service provides peace of mind knowing these needs and daily activities are being taken care of. It will allow quality time to be spent with loved ones, rather than attending to chores. If falling is a concern, hydration, nutrition, medication schedule, etc., just knowing someone is with them can make all the difference. Their Caregivers are also specifically trained for Alzheimer’s and Dementia

KECK

Continued from page 11

genetics, age, and lifestyle habits. For instance, smoking tobacco products accounts for approximately 85% of lung cancer cases, while a family history of prostate cancer significantly increases the chances of developing the disease. Now is the moment to reintegrate regular cancer screenings into your healthcare routine. It is strongly advised to consult with your doctor to discuss the appropriate screening options based on your personal and

care. Although their clients are primarily seniors, services are available for anyone over the age of 18 experiencing difficulties with daily tasks because of illness or injury. Offering In-Home Care for seniors, and anyone 18 and older recovering from illness or injury. Servicing the Santa Clarita and San Fernando Valleys with offices in Santa Clarita and Encino. Call Comfort Keepers for a free in-home assessment to see if Home Care is the right solution for you or your loved one at 661-287-4200. 

family medical history, lifestyle factors, and age. Early detection remains one of the most effective strategies in the battle against cancer, and by prioritizing screenings you are taking positive steps toward maintaining good health and well-being. To access further information or guidance regarding routine cancer screenings, visit henrymayo.com/ screenings, where you will find comprehensive resources to assist you in understanding the importance of regular screenings. 

20 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L

Santa Clarita Stock Average

J A N UA RY 2024

Santa Clarita Stock Average Below you will find a list of local Santa Clarita-based or prominent Santa Clarita companies used for our averages. Each month we will take the average of all these stocks and show that number. Tracking that number from month to month will give you a window into how our local company’s stocks are performing. Last month the index was 3,428.48 and the average price per share was $114.25. This month the index is 3,082.22 down 346.26 or 10.2 % For an average share price of $102.74.

Company

TICKER

industry

12/29/22 price

1/11/24 price

12/1/2023 price

Amazon

AMZN

Retail

84.48

155.06

146.88

Auto Nation

Auto dealers

101.50

141.35

139.03

Bank of SoCal

BCAL

Banking

16.70

17.05

14.51

Bioventus

BVS

Biomedical

2.52

4.89

4.11

Boeing

Aerospace

191.46

222.10

234.31

Boston Scientific

BSX

Biomedical

46.42

59.61

55.85

California Resources

CRC

Energy

43.68

51.26

51.80

Carnival

CCL

Entertainment/leisure

76.77

17.44

15.58

CBRE

Commercial real estate

35.05

84.65

81.17

Comcast

CMCSA

Communications

462.34

43.27

42.21

Costco

COST

Retail

87.38

673.80

594.60

Disney

DIS

Entertainment media

2.01

89.43

92.40

Five Point Holdings

FPH

Home developer

319.86

2.81

2.56

Home Depot

Retail

204.33

356.53

319.71

IQVIA Holdings

IQV

Laboratory services

81.04

213.95

216.16

ITT Inc.

ITT

Aerospace/manufacturing

32.06

111.73

109.86

KB Homes

KBH

Home developer

25.26

62.42

53.62

Kohl's

KSS

Retail

90.50

26.83

24.14

Lennar

LEN

Home builder

203.15

154.85

131.88

Lowes

LOW

Retail

267.54

220.16

203.71

McDonalds

MCD

Restaurants

16.52

294.15

286.29

Otsuka Holdings

OTSKY

Pharmaceutical

15.73

20.12

19.20

Quest Diagnostics

DGX

Laboratory services

23.07

135.77

136.04

Six Flags

SIX

Entertainment/leisure

19.23

24.08

24.71

Sodexo

SDXAY

Home / Food services

46.08

27.78

22.01

Sonova Holdings

SONVY

Biomedical equipment

70.62

65.98

59.00

Textron

TXT

Industrial

18.72

78.08

78.28

Tri Pointe Homes

TPH

Home developer

36.21

34.73

29.90

Walmart

WMT

Retail

95.05

160.85

153.79

Woodward

WWD

Aerospace/manufacturing

144.10

137.96

135.13

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22 · S A N TA C L A R I TA VA L L E Y B U S I N E S S J O U R N A L

J A N UA RY 2024

T he L ist : M edical O ffices company

address

area of specialty

Facey Medical Group — Canyon Country

14550 Soledad Canyon Road, Canyon Country, 91387 • (661) 250-5200 www.providence.org/locations/facey/facey-medical-group

Adult Primary Care, Pediatrics, Radiology, Laboratory, Behavioral Health, Vision Services, Rheumatology

Facey Medical Group — Copper Hill

27924 Seco Canyon Road, Santa Clarita, 91350 • (661) 513-2100 www.providence.org/locations/facey/facey-medical-group

Adult Primary Care, Pediatrics, Radiology, Laboratory

Henry Mayo Newhall Hospital

23845 McBean Parkway, Valencia, 91355 • (661) 200-2000 • www.henrymayo.com

Cancer Care, Heart and Vascular Care, Breast Health Services

Providence Holy Cross Health Center

26357 McBean Parkway, Santa Clarita, 91355 • (661) 288-5900 • www.providence.org

Providence Holy Cross Imaging Center, Urgent Care Center, Cancer Physician Office, Providence Rehabilitation Services

Samuel Dixon Canyon Country Health Center

27225 Camp Plenty Road, Suite 4, Canyon Country, 91351 • (661) 424-1220 • www.sdfhc.org

Diabetes Prevention Program, Cancer Detection and Prevention, Women's Health, Chronic Disease Management

Samuel Dixon Newhall Health Center

23772 Newhall Avenue, Newhall, 91321 • (661) 291-1777 • www.sdfhc.org

Diabetes Prevention Program, Cancer Detection and Prevention, Women's Health, Chronic Disease Management

Samuel Dixon Valencia Behavioral Health

25115 Avenue Stanford, #A103, Valencia, 91355 • (661) 468-7405 • www.sdfhc.org

Mental/Behavioral Health Counseling

Kaiser Permanente Santa Clarita Medical Offices 1

27107 Tourney Road, Santa Clarita, 91355 • (833) 574-2273 • healthy.kaiserpermanente.org

Allergy, Dermatology, Obstetrics/Gynecology (Ob-Gyn), Physical Therapy

Kaiser Permanente Santa Clarita Medical Offices 2

26877 Tourney Road, Santa Clarita, 91355 • (833) 574-2273 • healthy.kaiserpermanente.org

Endocrinology, Infectious Disease, Opthalmology, Nephrology

UCLA Health Santa Clarita Primary & Specialty Care

25775 McBean Parkway, Suites 115A, 202 & 215, Valencia, 91355 • (661) 753-5464 • www.uclahealth.org

Internal Medicine, Cardiology, Endocrinology, Pulmonary & Critical Care Medicine

UCLA Health Tourney Road Primary & Specialty Care

27235 Tourney Road, Suite 2500, Valencia, 91355 • (661) 253-5851 • www.uclahealth.org

Pediatric Neurosurgery, Cancer Treatment, Cardiac Imaging, Head and Neck Surgery

Economic Development Corporation 26455 Rockwell Canyon Road | UCEN 263 | Santa Clarita, CA 91355 | (661) 288-4400 | www.scvedc.org

Econo Watch Santa Clarita Valley

Q3 2023

Q2 2023

Q2 2022 Sq Ft

Commercial Vacancy Rates Office Space

22.72%

21.43%

2,848,037

Industrial Space

3.60%

2.60%

25,529,999

Total Avail SF

28,378,036

Total Marked Sq. Ft. Vacancy Percentage: Office Space - as a % of Vacancy

10.04%

10.16%

N/A

Industrial Space - as a % of Vacancy 89.96%

89.84

N/A

Building Permits

Nov ‘23

Oct ‘23

Nov ’22

New Commercial/Industrial Building Permits

Commercial Tenent Improvements/Alterations

New Residential Units (SF) - City of SC

135

SINCE 1919

SignalSCV. com

Unemployment Rates

Nov ‘ 23

Oct ‘23

% Change

Santa Clarita

4.9%

0.00%

Palmdale

6.4%

6.5%

-1.54%

Lancaster

6.6%

0.00%

Glendale

5.0%

0.00%

Los Angeles County

5.5%

5.0%

0.00%

State

4.9%

4.8%

2.08

Housing Stats

Nov ‘23

Oct ‘23

Nov ’22

SCV Average Home Price

893,600

914,600

752,900

SCV Average Condo Price

570,000

587,700

508,100

SCV Home Sales

1,613

1,484

3,111

SCV Condo Sales

656

610

888

SCV Avg. # of Days on Market (SF)

SCV Single Family Home Inventory

296

302

509

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ADVOCATE.EDUCATE.INNOVATE.

Charting a Future of Innovation and Synergy: My Vision for the Valley Industry Association in 2024 by Selina Thomas, PHR, SHRM-CP, 2024 Valley Industry Association Chairwoman As the newly elected Chairwoman of the Valley Industry Association for 2024, I am thrilled to spearhead an organization that stands as a beacon of innovation and industry leadership. In my recent address, I outlined a forward-thinking vision that builds on our esteemed legacy, steering us towards a future enriched with sustainable practices and collaborative excellence. Central to the Valley Industry Association are our enduring values: innovation, education and collaboration. These principles are more than mere words; they are the bedrock of our strategies and actions in the challenging year ahead. Innovation is a Driving Force for VIA. It is our lifeblood. This year, we will intensify our commitment to fostering an emerging workforce with creative energy and pioneering spirit. We plan to continue to enhance our “Connecting to Success” Programming and foster business partnerships and our mentor initiatives. I am a staunch believer in the transformative power of collaboration. This year, we aim to broaden our collaborative

networks, engaging with industry peers, sharing insights, and embarking on joint ventures. Such collaborations will not only fuel our growth but also contribute significantly to the advancement of our sector. VIA works to empower our workforce! The strength of the Valley Industry Association lies in its people. We are committed to diverse and robust programming from seminars, workshops, networking, events, including our much anticipated, workforce development expo and CEO Forum. The path ahead is ripe with both opportunities and challenges. As your Chairwoman, I pledge to lead with a vision that is both ambitious and grounded, guiding us through these dynamic times. Together, we will strive to be more innovative, resilient, and forwardthinking than ever. The year 2024 presents us with a unique opportunity to redefine what we can achieve together. With a clear vision, a dedicated team, and unwavering commitment to our values, the possibilities are limitless. Let us embark on this exciting journey with the Valley Industry Association and make this year a landmark in our collective history.

Chairman of the Board Outgoing Message by David Cantrell, VIA Immediate Past Chairman of the Board Being Chairman of The Valley Industry Association for the last two years has truly been and honor and a privilege. VIA has hosted so many wonderful events, from our awesome Connecting to Success Program to our CEO Forum, our VIA After Five events, luncheons, to Cocktails & Conversation evenings. We have been able to bring people together to help foster relationships and learn more about how we can help each other.

Over the last two years VIA has hosted over 38 events, including 2 VIA BASH events that were “off the charts.” We also secured an Appropriation Grant in the amount of $675,000 to grow our Connecting to Success program, which this year hosted over 3000 students of the Hart District and 100 local business facilitators teaching each other how we can create a brighter future. And as I look forward, I am very excited to see how this organization will continue to grow and inspire under the leadership of Selina Thomas, of 6 Degrees HR Consulting. VIA will always Advocate, Educate, and Innovate for the community and businesses of the Santa Clarita Valley.

2024 UPCOMING EVENTS Friday, January 19 Update Santa Clarita 2024 Mayor Cameron Smyth

11:30 am. - 1:30 p.m. Dianne G. Van Hook University Center 26455 Rockwell Canyon Road, Room 258

Tuesday, February 20 Active Shooter Preparedness Update 11:30 am. - 1:30 p.m. Hyatt Regency Valencia 24500 Town Center Drive

A DVOC ATE • ED U C AT E • I N N OVAT E Jan2024.indd 2

Friday, March 15 HR: Navigating Best Practices in the Valley’s Dynamic Industries 11:30 am. - 1:30 p.m. Dianne G. Van Hook University Center 26455 Rockwell Canyon Road, Room 258

Thursday, April 25 VIA Workforce Development Conference 11:30 am. - 1:30 p.m. Hyatt Regency Valencia 24500 Town Center Drive

VISIT VIA .O RG 1/3/24 2:00 PM

GET BACK TO CANCER SCREENING

Over the last four years many of us have put off important routine medical

screenings. Please discuss with your physician what screenings you may be due for. These routine medical tests can be life-saving. For more information, call 661.200.1332 or visit henrymayo.com/screenings.

henrymayo.com/screenings