VIA CEO Forum Achieves Notable Success on August 23
On Friday, August 23, the VIA CEO Forum brought together 75+ influential leaders from diverse sectors, including CEOs, presidents, vice presidents, directors, and other key decision-makers, for a dynamic and productive event. The forum focused on three critical areas: rising costs, artificial intelligence (AI) and technology, and workforce development. Throughout the event, attendees engaged in robust discussions about the challenges their organizations face and shared innovative solutions to address these issues. The exchange of ideas was both insightful and practical, with high-level strategies and best practices being shared and debated among some of the industry’s top executives.
WORLD
The forum’s collaborative atmosphere fostered an environment where leaders could explore how to effectively manage rising operational costs, leverage AI and emerging technologies to drive growth, and navigate the complexities of workforce development. The event highlighted the power of collective wisdom and underscored the importance of such high-caliber dialogues in driving progress and achieving organizational success.
Overall, the VIA CEO Forum proved to be an invaluable platform for leaders to connect, share experiences, and gain new perspectives, marking a significant step forward in tackling some of today’s most pressing business challenges.
October 18, 2024 | VIA BASH
WORLD
Join us on October 18th at the Hyatt Regency Valencia for an unforgettable night filled with fun, celebration, and vibrant energy! Don’t miss your chance to be part of this spectacular event—grab your tickets or sponsorships now and come celebrate with us!
Secure your spot today and let’s make this a night to remember! Tickets and Sponsorships are now available.
REGISTER FOR OUR UPCOMING CANDIDATES FORUMS
Opening speaker, Tamara Gurney, President, CEO & Director of Mission Valley Bancorp & Bank
BY KEN KELLER SCVBJ Contributing Writer
A Success Formula For Your Business The Right Business Model
If your company is underperforming, and you suspect that the cause is internal, this is for you. It’s an educational piece on how a CEO can address the challenges standing in the way of growing your company, however you define growth.
Having observed both successful and underperforming organizations I find that there is a distinct formula that works to insure growth: the Right Business Model, with the Right People, doing the Right Things, at the Right Time, the Right Way, yields the Right Results.
Business Model
This is the foundation of success and growth. A primary responsibility of the CEO is to create, and improve on the business design as the company evolves. What is your company’s business model and how can it be tweaked or changed? How is your industry adapting and what can you learn from other industries?
The Team
With the wrong people on the payroll, even the best business model will suffer. Someone is either right for the company or they are not; a person is in the correct position or they are not. If anyone in management is spending time stressing over an employee either not being productive or not being engaged in their work, the first question to answer is whether the employee is right for the company.
In my opinion, there is one word that separates the Right People from the wrong people: initiative. The Right People take initiative. The wrong people can’t, won’t or don’t.
When your managers aren’t coming to you to discuss an underperforming employee, you need to start the conversation.
Getting Things Done
The key to performance is your people doing the Right Things when they are supposed to be doing them.
Successful companies have employees doing what matters most. Is the Pareto
Principle alive and thriving in your company?
CEOs understand that often, distractions disguised as opportunities will veer people and priorities off course, quickly, sometimes with fatal results.
The Right People know what the Right Things are and do them. The wrong people wait for someone to tell them what the Right Things are because they are disengaged.
Even if an employee is doing the right things, at the right time, are they doing them the Right Way? Successful companies do not leave this to chance.
It is not enough to show employees what to do. Employees need to be properly trained and tested. What the employee does needs to be verified, checked and candid, real-time feedback provided so performance can improve.
The Right People don’t mind being checked to see if they are doing the Right Things the Right Way. These individuals seek to get better at whatever they do because they want to make larger contributions to the place where they earn a paycheck.
The wrong people resent being trained, being told what to do, being checked
on and will avoid accountability in their quest to do as little as possible to stay on the payroll.
Successful companies codify the Right Way in the form of structure. These standards are enforced. People are held accountable with consequences. Less successful companies usually trace underperformance to a lack of accountability because policies, procedures, operating standards, service level agreements, checklists, and the like are non-existent.
Winning
Done correctly, the five right steps above all culminate to achieving the Right Results. Successful organizations define what they want to achieve, financially and otherwise, during specific periods of time. This information is shared with employees who work together to achieve the goals. Often, pay for performance programs are in place to secure alignment of focus and effort.
As an advisor to CEOs, I provide information that leaders need to hear which is not always what they want to hear. You may not like this message but I trust you can find a nugget here to take action on to have a better company.
The prostate is a walnut-sized, doughnut-shaped gland that sits just below a man’s bladder and encircles the urethra, the tube that urine flows through as it goes from the bladder to the penis. The prostate gland produces part of the seminal fluid—the liquid that helps protect and nourish sperm and carries sperm out of the body during ejaculation.
2. How common is cancer of the prostate?
Cancer of the prostate is the second-most common cancer in American men, according to the American Cancer Society (ACS), and the second leading cause of cancer death in men. Some one in eight American men will develop this cancer in his lifetime, according to the ACS.
3. What can increase my risk for prostate cancer?
The strongest risk factor for prostate cancer is age, according to the National Cancer Institute (NCI). Most men diagnosed with this cancer are older than 65. Your risk is also higher if your father or brother had prostate cancer or if you’re African American.
Some research also suggests that men who eat a lot of dairy foods are at slightly higher risk for prostate cancer.
4. Is cancer the only disease or condition that can affect my prostate?
Cancer is not the only disease or condition that can affect the prostate. Most men have some degree of benign prostatic hyperplasia (BPH), or prostate enlargement, as they grow older. Though the prostate gland starts out about the size of a walnut, by age 40 it’s generally the size of an apricot, and by age 60 it can be as large as a lemon. This growth can put pressure on the urethra and bladder, causing symptoms such as frequent urination, problems achieving or maintaining an erection, and trouble controlling urination.
5. How is prostate cancer found?
Screening tests or symptoms may lead a doctor to suspect prostate cancer. Screening tests include PSA (prostate-specific antigen) blood testing and digital rectal exams (DREs). The PSA test measures the level of a protein
that often increases when prostate cancer develops.
DREs check for lumps or other unusual features on the prostate gland itself. A doctor checks the gland by inserting a gloved, lubricated finger into the rectum, which is just behind the prostate.
Early prostate cancer generally does not have symptoms, but in some men, prostate cancer can be indicated by blood in the urine, pain in the pelvis or ribs, or problems with erections.
If tests or symptoms suggest that you may have prostate cancer, your doctor may recommend a biopsy. A biopsy involves removing and examining a sample of prostate tissue. It is the only definitive test for prostate cancer.
6. Should I be screened for prostate cancer?
Because the research isn’t clear on whether screening reduces prostate cancer deaths, recommendations differ.
See HENRY MAYO, page 21
Mall Questions Linger; New Spots For East Side
DEVELOPING STORIES
BY PERRY SMITH SCV Business Journal Editor
The city of Santa Clarita’s Planning Division didn’t have a lot of new-business permits to approve this past month, we’ll get to those later.
But there is big news on the horizon.
After years of planning and months of talk, new plans are expected soon for what the new Valencia Town Center is going to look like, an area that represents a significant funding source for the city through its sales tax-generating activity.
The city has spent more than a year creating a plan it hopes Centennial Real Estate Corp., the property’s new owneroperator, will be able to use for a “placemaking framework,” with goals of creating something like the Irvine Spectrum Center right here in Santa Clarita.
Ambitious, but one certainly worthy of the developer’s nearly $200 million investment in the mall property.
“We are anticipating that we’ll get plans from Centennial sometime this fall for their first (plans) for redevelopment of the property,” said Jason Crawford, director of community development for the city of Santa Clarita.
The news comes amid reports on social media from some of the business owners who have already signed leases with the new ownership.
“They keep telling us they are very close in negotiations with two restaurants,” Crawford added, referring to two prime locations at the mall that have remained vacant, the ones previously occupied by Slater’s 50/50 and the one previously occupied by a Saddle Ranch.
“They have not told us who those two restaurants are, just that they’re very close and that they will be able to share them soon,” he said.
Mall Businesses
A popular Valencia haberdasher, David Guenther of J David Custom Clothiers, recently announced his business signed a seven-year lease on the new location, although he was sworn to secrecy on
divulging any of the plans he saw.
Speaking of businesses making plans at the Valencia mall, Imagine City, a family entertainment center, is coming soon, with the city’s Planning Division recently signing off on plans for its location at space no. 1113, which city officials said was across from JC Penney, and opening Sept. 7.
The business looks like a perfect place for kids to explore, which the website describes as “a one-of-a-kind miniature indoor city and multi-faceted activity center providing kids with a place to let their imaginations run wild.”
Also in keeping with the mall’s more recent traditions, the mall parking lot will once again host Circus Vargas when it comes to town later this month, from Sept. 13 to Sept. 23.
Newhall Plans
Another interesting business development is taking place in another part of town the city is watching closely, which is Main Street in Old Town Newhall.
The newest location for Main Street is a restaurant, Coni’s Seafood, which is slated to go into the restaurant location previously occupied by Jazmin’s Restaurant at 24367 Main St.
“Coni’s Seafood began in the backyard of our Inglewood home back in 1987,
where my father, Vicente ‘Chente’ Cossio, brought a taste of Acaponeta, Nayarit to the neighborhood,” according to a statement on the restaurant’s website.
The menu offers items such as Ceviche Marinero, Campechana and Tacos de Marlin, to name a few. The restaurant also has locations in Inglewood and South Los Angeles.
Just down the road from the new seafood restaurant, there’s also a new development being planned that City Hall is likely to get a chance to discuss by winter, according to Crawford.
The developer behind Newhall Crossings is looking to build a similar project at the 24300 block of Main Street.
The five-story project being eyed for the location currently occupied by a poolsupply store would include 51-apartment complex on top of 3,361 square feet of retail space.
Using basement parking, the property, which includes a parking lot from Mac’s, would be able to provide 74 spaces, according to the preliminary proposal.
Jason Tolleson, principal with Serrano Development Group, confirmed with the Business Journal that plans have been submitted with the city for the property currently occupied by the pool supply store, as well as two adjacent lots.
A new project similar to the Newhall Crossings next to the Laemmle Theatre is being planned for down the road on Main Street in Newhall. SIGNAL FILE PHOTO
It’s An ‘Amazing Time’ to be a Woman in Business Female
founders say the entrepreneurial landscape is changing.
BY QUEK JIE ANN
Starting a business is always challenging. While women have historically faced additional challenges, some female founders say the landscape is changing for the better.
“It’s an amazing time to raise funding as a female founder,” Victoria Zorin, founder of crowd analytics software company Nola Technologies, told CNBC.
More women are starting their own businesses, accounting for nearly half of new entrepreneurs in recent years according to a report from Gusto, which operates a payroll, benefits and HR platform.
In 2020, women made up 47% of new business owners, a significant jump from 29% in 2019, the report showed. That figure has held near that level — at 49% in 2021 and 47% in 2022, and 47% in 2023 signaling a stable trend rather than a one-off surge, the report said. Is the funding gap closing?
Still, there is no doubt a funding gap exists. In 2023, only 4.1% of venture capital investments in the U.S. went to businesses that were founded solely by women, according to a Pitchbook report.
While the entrepreneurial landscape has become more supportive of womenled businesses in recent years, female founders still face discrimination in fundraising, Olivia Cotes-James told CNBC. Cotes-James founded menstrual health startup Luüna.
“I have been able to point to many instances where you are asked questions that you know a male counterpart would not be asked during the pitching process and hurdles that exist due to gender. But truthfully, from my perspective, I do think it’s oftentimes or has been a little
Cotes-James shared that because her company was able demonstrate a compelling vision and good growth, raising funds gradually became easier. Today, Luüna has advocates from all genders, she added.
In 2023, the funding rate for womenowned businesses rose to 41%, slightly higher than the 37% for businesses owned by men, according to a report by Biz2Credit, an online funding platform for small businesses.
Although the glass ceiling may be thinning, there is still room for improvement.
In 2023, the average funding size for women-owned companies was $65,898 — still significantly lower than the $93,976 average for businesses owned by men, the Biz2Credit report stated.
Zorin is founder of Nola Technologies, a crowd analytics software company that helps entertainment venues monitor visitor experience, revenue leakage and optimize real time operations.
“I feel since in some cases, ‘supporting women,’ ‘supporting female founders,’ has become a trend over the last few years, and that can provide opportunities, [but] it can also skim over the deeper rooted issues at
“
Every woman in my network I know is as willing to reach out … [and] fight for her business, fight for her dream, fight for her mission. …I think that it’s sometimes harder for us to be heard, and that can wear you down over time.”
—
Olivia Cotes-James, Founder of Luüna
hand.” Cotes-James said female founders still face misconceptions that they are not good at building companies.
“There’s this misguided belief that we are not as ambitious, not as driven to achieve commercial success, and that is wrong. I know that for a fact,” she said.
Even when women and men delivered similar pitches, investors still favored male-led startups, a report by UBS showed. The report noted that as a majority of startup CEOs are white men,
STOCK
The Importance of Annual Performance Reviews
BY PAUL BUTLER SCVBJ Contributing Writer
It’s fast-approaching that time of year when most organizations conduct the often-dreaded annual performance review for each employee. This is when the boss agrees upon a time to sit down with each of their direct reports and discuss what went well in the prior year and what could be improved in the coming year.
My observation has been that few employees relish this process, often ranking it somewhere between a root canal and visiting a used-car dealership. I’d suggest this is because few managers have been trained on how to conduct a performance review and because people don’t like to be assessed by others.
I’m no great philosopher, but what I do know for sure is there’s something deep down within our human condition that causes us to revile against the very thought of being judged. Knowing this, managers ought to tread very carefully when conducting a performance review. Done well, such reviews can really bring out the best in people. Done badly, they can cause serious damage.
An effective framework to consider when conducting a performance review is finding the balance between courage and consideration. Courage involves boldly addressing any unsatisfactory work performance as a supervisor. Consideration is crucial in how the message is delivered. The ideal balance entails high courage and high consideration, where a manager addresses performance issues directly yet delivers feedback kindly and respectfully.
If a boss lacks the courage to speak up or doesn’t care enough about their employees (i.e., lacks consideration), the performance reviews may never happen. I remember working for one boss who was completely absorbed in his own importance and busyness. He never made time to discuss employee performance. The human resources department had to hassle him every year to get the reviews done, as annual pay reviews depended on them.
This boss lacked courage — I knew he had concerns about the work performance of others because he was very passive-aggressive, but he didn’t want to discuss work output face-to-face with them.
In the two to three years that I worked alongside him, I could tell he lacked compassion — he showed no interest in people and only cared about production. He viewed people as necessary but expendable.
When a leader has high courage but low consideration, the review can be downright rude. Conversely, when a leader lacks courage but has high consideration, the review lacks substance. Most employees can tell if they’re doing a good job, and in my experience, they appreciate it when you respectfully point out areas for improvement. Likewise, employees can become disengaged if their good work is not recognized.
As a supervisor, you also sometimes have to give people a reality check. I remember having a direct report who thought he was doing a superb job. The challenge was, he wasn’t. I had to have the courage to speak plainly with specific examples of how his work consistently fell below standards. These weren’t pleasant conversations to have, but over time, I believe we developed an effective work relationship, and his results improved as a result.
The content of an annual performance
review should never come as a surprise to the employee. An effective supervisor acknowledges and addresses performance as it happens, rather than saving everything for the annual sit-down. Great leaders make time for annual performance reviews not just because HR demands it, but because they genuinely care about their people.
I remember working for someone early in my career who was always busy, running late and frequently broke appointments. One year, I was shocked when she printed out my annual performance review, placed it on my desk and attached a post-it note that read: “Paul, I ran out of time to sit down with you. The file must be with HR today. Please sign and take it to them. You’re doing great. Keep it up — Sarah.”
I can still recall thinking to myself: “How charming.”
I did take the signed form to HR and promptly visited a recruitment agency across the street. Within a month, I had left Sarah and joined another organization.
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.
Certain medical conditions may increase your risk for hearing loss. If you have impaired blood flow through the body, you’re more likely to develop hearing loss. Learn more about which conditions can affect your hearing.
DIABETES
Around 30 million Americans have diabetes, and they are twice as likely to experience hearing loss. Diabetes leads to high blood pressure, which may result in blood vessel damage throughout your body. Your ears are particularly sensitive to blood flow, so damage there can quickly develop into hearing loss. You can help protect your hearing health by
controlling your diabetes with prescribed medications. Monitoring and keeping your blood pressure in check, exercising moderately each week, and eating a healthy diet to help manage your weight will also help reduce your risk.
HEART DISEASE
When your heart health suffers, plaque builds up in the arteries and disrupts blood flow. Similar to diabetes, this can cause damage to your inner ear and result in hearing loss. Research suggests this hearing impairment could be one of the earliest signs of heart disease, making annual hearing exams is crucial to your overall health.
HIGH BLOOD PRESSURE (HYPERTENSION)
If you have hypertension, your hearing loss may result from the same blood vessel damage that affects diabetics. Acting early may help you maintain your hearing health, so speak to your doctor about strategies for controlling you
blood pressure. In addition to healthy diet and exercise habits, quitting smoking and avoiding alcohol can help many individuals achieve a healthier blood pressure level.
While you and your doctor can manage your symptoms to reduce health risks, you may have already suffered some degree of hearing loss. If you notice any changes in your hearing, come speak to us.
To schedule a hearing evaluation today, please call Audiology Associates at 661-284-
1900. 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!
One Chamber, One Valley: The Power of Unity
In the heart of the Santa Clarita Valley, where local businesses and community life intertwine seamlessly, there stands a singular, pivotal institution—The Santa Clarita Valley Chamber of Commerce. Your chamber is not merely a collective of businesses; it represents the strength of our community’s spirit, the power of shared goals, and the drive towards collective betterment. As the only Chamber serving our entire Valley, our role in fostering unity and advancing community welfare is both unique and invaluable.
The Unifying Force of the SCV Chamber
The SCV Chamber is more than a business network; it is the nucleus of our local economic and social ecosystem. With only one Chamber representing the entire Valley, the significance of our role in harmonizing efforts across diverse sectors and interests cannot be overstated.
A Singular Voice for a Diverse Community
The SCV Chamber provides a unified voice for businesses across the region. This singular representation ensures that the varied needs and concerns of local enterprises are addressed cohesively. By collaborating with local government, educational institutions, and other community organizations, the Chamber amplifies our collective voice, advocating for policies and initiatives that benefit the entire Valley. This unified approach enhances our ability to influence decisions that shape our economic and social landscape.
Centralized Hub for Business Activities
As the sole Chamber for our Valley, we serve as the central hub for all business activities. Our events such as the business expo, networking mixers, and council events that are crucial for fostering economic growth and creating opportunities. For businesses, this centralized focus means streamlined access to resources, support services, and promotional platforms, all designed to boost our local economy.
Facilitating Collaboration Across Sectors
In a diverse and expansive region like ours, collaboration is key to progress. The SCV Chamber plays a critical role in bringing together businesses from various sectors, encouraging partnerships, and fostering synergies. Whether through joint marketing initiatives, shared community projects, or collaborative problemsolving, the Chamber helps bridge gaps and create opportunities for businesses to work together towards common goals.
Your Chamber
Advancing Community Welfare
The benefits of Chamber membership extend far beyond business interests, deeply impacting the community as a whole. With only one Chamber representing our Valley, the scope of our community engagement is both broad and profound.
The SCV Chamber supports numerous community initiatives, from job fares to educational programs and infrastructure projects. These efforts are essential in enhancing the quality of life for our residents. Businesses that participate in or support these initiatives demonstrate their commitment to social responsibility, fostering a sense of goodwill and solidarity within the community.
Strengthening Community Ties
Membership in the SCV Chamber fosters a sense of belonging and connection among businesses and residents. By participating in Chamber events and activities, businesses contribute to a shared community identity and build strong relationships with their customers and neighbors. This connectedness not only enhances community spirit but also strengthens local loyalty and support.
Providing Essential Resources
The SCV Chamber serves as a vital resource for local businesses, offering educational programming, discounts for required training, and support tailored to our region’s unique needs. This centralized resource hub helps businesses navigate challenges, access valuable information, and leverage opportunities, ultimately contributing to their success and, by extension, to the overall prosperity of our Valley.
In a Valley rich with potential and diversity, the role of our singular Chamber of Commerce is both critical and transformative. As the unified voice of our business community, we facilitate collaboration, champion the community welfare, and help drive economic development.
Being a member of the SCV Chamber is more than an affiliation; it is a commitment to the collective advancement of our region. By working together through this single, unifying body, businesses and residents alike contribute to a stronger, more cohesive community. Your Chamber embodies the power of unity, proving that when we stand together, we achieve more—for our businesses, our community, and our future.
ADVOCATE EDUCATE CONNECT
The Voice of Business
DISCOUNTS FOR CHAMBER MEMBERS
email us at hello@scvchamber.com to order or find out how to become a member to take advantage of these great discounts!
BE PAGA PREPARED - SPECIAL OFFER PAGA Wage & Hour Compliance Toolkit
This comprehensive toolkit is designed to help businesses proactively comply with labor laws and mitigate the risk of abusive PAGA lawsuits. It includes educational webinars, customizable policies and forms, and an audit checklist.
Normally priced at $1,000, take advantage of our limited time special offer where members can get it for $350, and non-members for $750.
The PAGA reform includes significant protections, but many rely on demonstrating compliance around specific labor laws, this toolkit assists employers in building that compliance record.
Unlock Exclusive Savings on Cybersecurity Training
Stay ahead in the digital world with CalChamber’s “The Road to Cybersecurity” training course. This interactive program is designed to boost your knowledge and awareness of essential cybersecurity practices.
The course has users exploring cybersecurity scenarios in “day-in-the-life” fashion through various interactions. You’ll gain hands-on experience tackling real-world cyber challenges. It equips participants with the skills needed to protect themselves and their organization from potential cyber threats.
Don’t miss this opportunity to enhance your cybersecurity skills and protect your digital future!
All chamber members receive 20% discount!
Mandatory California Harassment Prevention Training Discount
California employers with five or more employees are required by law to provide two hours of sexual harassment prevention training to all supervisors and one hour of such training to nonsupervisory employees effective January 1, 2021.
Online harassment prevention training through CalChamber makes it convenient to effectively train employees and fulfil your compliance obligations. The courses meet California’s legal requirements and include best practices that raise awareness about the subtleties of harassment, improve workplace culture and respect, and increase productivity and a sense of well-being.
All chamber members receive 20% discount!
From celebrating new businesses opening or marking special occasions and achievements, we continue to be honored being part of your celebrations.
We encourage everyone to come and support our new businesses. All our grand opening/ribbon cuttings are free and open to everyone to attend.
Congratulations to Single Mothers Outreach on your grand opening in August. Visit www.singlemothersoutreach.org to find out more or to contact them. Thank you to everyone who came out to celebrate and support them. Photo credit: Joie de Vivre Photographie
Mayor Pro-Tem Bill Miranda congratulates Single Mothers Outreach Chair of the Board, John Vance on the grand opening of their new location.
Photo credit: Joie de Vivre Photographie
Celebrating SCV Businesses
Everyone is invited to attend the Grand Opening & Ribbon Cutting for Aroma Ramen on September 11.
Get ready for a flavorful celebration as we welcome Aroma Ramen to the Santa Clarita business community!
Be among the first 30 customers to show your support, and you’ll receive an exclusive Buy One, Get One Free offer—don’t miss out on this delicious deal!
Do you have a grand opening or anniversary coming up? Email us at hello@scvchamber.com for details about hosting a ribbon cutting ceremony.
The Power of our Online Directory
In today’s digital age, visibility is crucial for business success, and our online directory is a powerful tool that can significantly enhance your company’s exposure. Being a member of the Chamber not only provides numerous benefits but also grants you access to this valuable directory, which plays a critical role in promoting your business.
The Chamber’s online directory is more than just a listing; it’s a comprehensive platform that connects businesses with potential customers, partners, and clients. Here’s why having your business featured in the directory is essentia
As a member, your business gains prominent placement in a trusted and frequently visited resource. The directory is often the first place people turn to when seeking local services or products, making it an ideal spot for increasing your brand’s visibility.
InfluenceHER - Women of Influence Forum | Meet the SCV Chamber Board
September 10 | 4:00 pm
Imagine attending an intimate and welcoming event engaging with the most influential women business leaders in the Santa Clarita Valley!
Join us for an engaging and insightful forum featuring the influential women on the Board of Directors at the SCV Chamber of Commerce. Prepare for compelling conversations that delve into the advocacy work for the women business community and the broader impact of the chamber. The discussions will provide valuable insights into how they support and empower women in business, and how it contributes to their personal and professional growth. By attending, you will gain exclusive insights into the chamber’s activities, initiatives, and the unique experiences of the board members.
These impressive women will be sharing their professional journeys and unveil their best-kept secrets in town. From favorite spots and services to top excursions and restaurants, you’ll get an insider’s perspective on what makes our community shine. This is a unique opportunity to explore SCV through the eyes of those who know it best.
Government Affairs Council (Virtual)
September 11 | 10:30 am
We invite all Chamber members to join us for an important briefing on the November business ballot issues. During this meeting, we will provide insights into the key business ballot items. Your participation is crucial as we navigate these pivotal issues that impact our business community.
For more information or to RSVP for your seat at the table, email us at hello@scvchamber.com.
Non-Profit Council Lunch - Flourish & Thrive
September 12 | 11:30 am
Join us for a special Non-Profit Council luncheon, sponsored by LBW Insurance and Financial Services: Our session will be focused on enhancing fundraising efforts for nonprofit organizations. This event will provide valuable insights, practical tips, and strategies to help your nonprofit maximize its fundraising potential and achieve its financial goals. Network with fellow nonprofit professionals, share experiences, and learn from experts in the field, including Dan Hanley, Matt Kamin, and Amanda Sattler.
Seminar and Lunch are free to Non-Profit Board Chairs and Executive Directors.
Upcoming Events
Hispanic Heritage Celebration - Awards and Networking Reception
September 18 | 5:30 pm
Join our Latino Business Alliance for an inspiring evening where we will honor the remarkable achievements and contributions of Hispanic businesses and individuals in the Santa Clarita Valley.
Every year we celebrate National Hispanic Heritage month, we invite you to join us as we recognize and celebrate the rich history, vibrant culture and significant impact of the Hispanic and Latino community. Our celebration will feature a dynamic program, including networking opportunities, keynote speakers, and the recognition of honorees who have made significant contributions to our business community.
Sponsorship opportunities are available to those who wish to support this important event and gain visibility within the community.
Come and celebrate with us as we honor the excellence and heritage of our Hispanic and Latino community!
Roundtable with State Treasurer Fiona Ma
September 24 | 10:45 am
Join us for the Roundtable with State Treasurer Fiona Ma, CPA: Leveraging State Opportunities for Businesses and Non-profits, where you will gain knowledge about state initiatives, financial updates, and resources available to support your organization. The event will also include a Q&A session and a meet and greet opportunity, allowing for direct engagement with Treasurer Ma and networking with other attendees.
We look forward to your participation in this event. Please ensure timely arrival for registration to make the most of this valuable opportunity.
Free to Chamber Members!
40th Annual Oak Tree Golf Classic
September 30 | 8:00 am
Join us for our 40th annual Oak Tree Classic Golf Tournament, hosted at Valencia Country Club.
This year’s tournament promises to be even better, with exciting prizes, on-course competitions, and opportunities to network with fellow golf enthusiasts. Whether you’re vying for the top spot on the leaderboard or simply enjoying a leisurely round with friends, we guarantee a day filled with unforgettable moments.
Sponsorship opportunities are also available. Please email us at hello@scvchamber.com to find out more.
To view our full calendar and event details go to www.SCVChamber.com or scan the QR Code to the right.
Economic DEvElopmEnt corporation
investors may perceive male entrepreneurs as more capable.
Cotes-James, said she did not expect personal opinions to override data in the pitching process.
At times, if an investor “or somebody that they had asked within their circle — if it was a man — said that [because] there was no way that they would try our products, that personal opinion was able to eradicate all of the data and the proof points that we had which I think speaks to the very, I suppose, personal stigma that people carry with them,” Cotes-James said.
But despite the challenges, Cotes-James’ Luüna successfully raised over $1.5 million within two rounds of seed funding. Luüna has since worked with companies like UBS, Goldman Sachs and Morgan Stanley to supply free menstrual products — paid for by the organization just like they would for toilet paper — in women’s bathrooms, CotesJames told CNBC.
Beyond gender, Zorin recounted that age and a lack of experience was her “biggest hindrance.”
“Especially dealing with more enterprise customers, there tend to be more senior executives. …When you have less experience, you can be taken advantage of more eas-
ily,” she said.
Zorin emphasized that it is important to have a wellrounded view and not solely depend on one mentor. Within three years, Nola Technologies raised $136,200 in pre-seed investments, and the company is projected to reach cashflow positive in March 2024, Zorin told CNBC.
Advice For Young Entrepreneurs
Don’t be afraid to stand for what you believe in, CotesJames said.
“Every woman in my network I know is as willing to reach out … [and] fight for her business, fight for her dream, fight for her mission. … It’s sometimes harder for us to be heard and that can wear you down over time,” she noted.
Although starting a business isn’t easy, finding a cause that you are passionate about and understanding your customer will push you ahead, Zorin advised.
Sophie Chapman, honoree of Asia’s 2023 Forbes’ 30 Under 30 list, said her biggest advice for young women is to embrace opportunities even if they aren’t completely confident they can excel right away Confidence can really make or break investment deals, noted Chapman, who is cofounder of EcoBricks, — a startup that turns plastic waste into construction materials.
“It’s that ability to project
confidence in yourself and confidence that you will execute the plan, because that’s what VCs are backing you for,” Chapman said.
When starting out, it can also be hard to distinguish between good and bad opportunities, but learning to say no is a powerful thing, Cotes-James added.
ing no to investors, who you realize that the short-term
Sophie Chapman, co-founder of EcoBricks said the company’s largest project to date upcycled 12 tonnes of plastic to make 50,000 bricks for a pavement at Olympian city in Hong Kong.
gain of capital comes at a longer-term cost and saying no in those instances, especially when you’re starting out, is not easy. But saying no, is really, important,” she recounted.
She said it is always important to value your own time and focus on the long-term
— Sophie Chapman, Co-founder
Realtors See Big Jump in Market Inventory
BY PERRY SMITH SCV Business Journal Editor
The monthly report from the Southland Regional Association of Realtors indicates that the local housing supply saw a big jump this past month, which also saw a rare dip in the area’s median sales price.
Single-family homes and condominiums that changed owners in the Santa Clarita Valley during July posted double-digit increases compared to a year ago while the active inventory of properties listed for sale soared and median prices fell slightly, the SRAR reported for August.
“Santa Clarita is a desirable destination for homebuyers primarily because of the quality of life, but also because buyers get more house for their money than comparable communities,” said Bob Khalsa, president of the nearly 11,000-member SRAR. “It’s encouraging to see more listings coming onto the market and that prices, while still trending higher, appear to have hit what may be fleeting ceilings.”
For a little over the first half of the year — the first seven months —sales were down 5.1% from the same period in 2023 and remained well below the strong pace of sales set in 2020 at the peak of the COVID-19 pandemic, according to Jessica Cruz, communications manager for the SRAR.
“Local Realtors assisted the close of escrow of 169 homes and 69 condominiums last month,” according to the report shared by Cruz. “The home tally was up 16.6% and the condo total rose 25.5%.”
According to the SRAR, in the months prior to and following the record high of $910,000 that was reported as median home price in March, the home median price bounced between $800,000 and $900,000, with July’s home median of $867,000.
The median home price for July 2024 represents a 1% decline from a year ago.
Similarly, the local condominium median price — meaning half the sales were higher and half lower — spiked to a record $645,000 in June.
However, July’s condo median price fell to $531,000, which was down 5.2% from July 2023.
“A few high- or low-priced home or condo transactions may distort local statistics, though it sure looks like buyers still prefer homes in the mid-$800,000 range and condos in the mid-$500,000 range,” said Valerie Biletsky, CEO of the
Spectacular Views From a Beautiful Saugus Spread
BY PERRY SMITH SCV Business Journal Editor
This month’s top of the market listing comes from Saugus, a beautiful five-bedroom, eightbathroom home on 2.5 acres, an incredible estate with amazing views, according to Realtor Dan Regan with RE/ MAX of Santa Clarita.
The $5 million asking price for the home at 30419 Heard Drive includes an extraordinary three-level estate, he said, with amenities that include a full home automation system and a movie theater,
and
the market in August.
is “perched atop a mountain with breathtaking valley views,” according to the Zillow listing, which also notes the property’s secluded location at the end of a long driveway, off Bouquet Canyon Road.
“The primary suite is a private sanctuary,” the listing boasts, “with a large balcony offering stunning views, a retreat with a dual-sided butterscotch onyx fireplace, and a luxurious bath with Incan gold countertops, slab-onyx mosaic backsplash, a large shower, and a jet tub.”
safety considerations like seismic rollers. The home hit
The Texas Canyon property
“remarkable Mediterranean-style estate, perched atop a mountain with breathtaking valley views,” according to one of the latest SCV listings.
SCV Economic Snapshot: Analyzing Santa Clarita Valley Market Data
TBY ONDRÉ SELTZER INTERIM PRESIDENT & CEO OF THE SANTA CLARITA VALLEY ECONOMIC DEVELOPMENT CORPORATION
he Santa Clarita Valley Economic Development Corporation (SCVEDC) plays a vital role in analyzing and providing economic data essential for understanding and shaping the local economy. This analysis offers insights into various sectors of the Santa Clarita Valley (SCV) market, including industrial and commercial real estate, retail, residential housing, labor market, hotel vacancy and occupancy, and film activity.
INDUSTRIAL MARKET
The industrial market in SCV is experiencing notable activity. As of Q3 2024, there are 730,000 square feet (SF) of industrial space under construction, with 430,407 SF attributed to four buildings at the new Santa Clarita Commerce Center, expected to be completed in 2025. The market has approximately 2 million SF of industrial space available, with 19% being sublease space—a significant figure, marking the highest availability since Q2 2021. The vacancy rate has slightly increased from 2.6% to 4.2% over the last year, indicating a more balanced but still competitive market. Leasing activity has been strong, with 37 deals signed in the first half of 2024, outpacing 2023’s 68 deals.
OFFICE MARKET
The office market in SCV is facing challenges despite strong employment numbers in the sector. With many employees continuing to work remotely, vacancy rates and available sublease space have reached near-record highs. Leasing activity has remained consistent, averaging 40,000 SF per quarter over the past year. Q2 2024 saw a slight improvement with positive net absorption of office space, but this trend is unlikely to continue in Q3 as vacancy rates are expected to rise. The current vacancy rate sits at approximately 20%, and the average market asking rent in Q2 2024 was $36.08/SF, continuing a downward trend from its peak in Q2 2020. The market is also contending with rising construction and labor costs, which are reshaping commercial real estate development.
RESIDENTIAL HOUSING MARKET
The residential housing market in SCV remains robust, with single-family home prices near record highs. Inventory, while still low, has increased slightly in 2024. A total of 172 units
have been permitted for construction in the city and unincorporated areas, nearly all of which are single-family detached homes. Apartment vacancies have stabilized, with inflation in rents
running at a modest 1.5%. Despite a slowdown in construction activity compared to 2023, new development remains strong.
See SCVEDC, page 21
Championing Health and Business
Kaiser Permanente’s Dr. Cindy Uypitching’s Journey and Vision
In the vibrant Santa Clarita Valley, women in business are achieving remarkable progress, fueled by passion, resilience, and a dedication to community well-being. Dr. Cindy Uypitching, a family medicine specialist and physician in charge at Kaiser Permanente’s Canyon Country Medical Offices, embodies this spirit through her dual roles in healthcare and community engagement.
Dr. Uypitching’s career journey reflects her unwavering commitment to healthcare. Before joining Kaiser Permanente, she taught in the family medicine program at California Hospital Medical Center, affiliated with USC. Her professional path led her to a private practice in Pasadena, resulting in her position at Kaiser Permanente in 2012. By 2015, she had dedicated herself to the Santa Clarita and Canyon Country communities. Her leadership was recognized when she became the assistant physician in charge in 2018, later progressing to physician in charge in 2021, where she adeptly navigated the challenges presented by the COVID-19 pandemic.
Motivated by the legacy of her late father — a doctor and businessperson who selflessly dedicated himself to his community — Dr. Uypitching is driven to serve others. She encourages young women aspiring to enter medicine or
REAL ESTATE
Continued from page 16
SRAR. “With inventory rising and interest rates beginning to moderate, buyers may be tempted to test the market this fall.”
The market is also seeing a lot of activity in the condominium market, according to the data.
Combined condo and home active listings soared by 50% last month — condos showed a 63.8% increase over July 2023 with 175 active listings. Likewise, the
entrepreneurship to prioritize self-care and pursue their passions. “Our health is vital for maintaining our daily activities and the services our businesses provide,” she emphasizes. At Kaiser Permanente, the focus on preventive care is designed to keep members healthy, enabling them to thrive professionally. As a physician leader, her mission is to ensure business owners understand the importance of their health for themselves and their employees.
Balancing her demanding career with community involvement, Dr. Uypitching engaged with the Santa Clarita Chamber of Commerce after becoming assistant physician in charge. This role allowed her to connect with local business leaders and support community initiatives. “Being involved gives me the chance to share the care provided at Kaiser Permanente and listen to members regarding their health challenges,” she explains. Women in business face unique obstacles, including safety concerns and the need for supportive environments. Dr. Uypitching uses her medical expertise to empower women entrepreneurs, addressing both physical and mental health concerns. “Many struggle with guilt or impostor syndrome. Providing support and understanding can be incredibly empowering,” she notes.
Looking ahead, Dr. Uypitching envi-
403 active single-family home listings in Santa Clarita increased 35.7 percent from a year ago.
“Any increase in supply is welcome, yet many more listings are needed to meet demand,” Biletsky said. The active inventory represents about a 2.5-month supply at the current pace of sales.
The numbers also hinted at a potential market equilibrium being approached, according to the experts.
The historical average of about a 5-month supply could yield a balanced market,
sions an increasing presence of women in business and local government, advocating for their needs and helping to cultivate a thriving community. She integrates health and wellness into her advocacy, promoting exercise, healthy eating, and mental health support through arts and community programs.
In Santa Clarita Valley, women like Dr. Cindy Uypitching are not only building a thriving business community but also inspiring future generations of women leaders.
where neither buyers nor sellers have a clear advantage.
Pending escrows — a measure of future resale activity — were down 5% for homes, and up 2% for condos yearover-year.
A few highlights from the data most recent data:
There were 212 new escrows opening in July, typically a busy month for home sales, which represents a significant jump from the same month last year, when there were 187. There were 263 for the same time in 2022.
There were 295 new list-
ings in July 2023; there were more than 350 new listings for the same month this year.
Despite the increase in inventory, hopes are still high for the SCV market value: The average median list price in 2023 was $950,000; in 2024, it was $946,500.
The SRAR data also shares the median list price and the median sale price for homes in the area, which indicate how buyer value is matching up with seller expectation, for the previous month.
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Women-Owned Businesses are Thriving
Women entrepreneurs are not to be underestimated. Data affirms that womenowned businesses are growing and thriving.
According to North One banking, women-owned firms account for more than 12 million U.S. businesses. In addition, the 2024 Wells Fargo Impact of Women-Owned Business Report, in partnership with Ventureneer, Core Women and Women Impact-
SCVEDC
Continued from page 17
ing Public Policy, found the number of women-owned business increased at a rate of 4.5 times between 2019 to 2023. Women-owned businesses are driving economic growth.
The Women’s Business Enterprise Council says there are 12.3 million womenowned businesses in the U.S., which comprises about 40% of the total number of businesses.
Women-owned businesses
bring in nearly $2 trillion every year, says the National Women’s Business Council.
During the pandemic, women-owned businesses added 1.4 million jobs and $579.6 billion in revenue to the economy, says Wells Fargo. World Bank indicates that roughly one-third of principal owners of all businesses are female.
According to Forbes, women-led tech companies achieve a 35% higher ROI.
A Forbes study with First Round Capital, a venture capital firm, found femalefounded businesses in their portfolio outperformed malefounded companies by more than 60%.
Women-owned businesses are making a large impact on North America and around the world. Such firms continue to employ millions of people and foster strong economies. (MC)
HOTEL VACANCY AND OCCUPANCY
Tourism continues to be a significant economic driver in SCV, with hotel occupancy rates reflecting the region’s attractiveness as a destination. In Q2 2024, average hotel occupancy across the valley was 85.6%, a 9% increase from Q1 2024, largely driven by summer tourism. Within the City of Santa Clarita, occupancy was 84.8%, representing a 9.6% rise from the previous quarter and a 2.3% year-over-year increase. The thriving tourism sector not only supports local businesses and jobs but also attracts further investment into the region.
FILM & ENTERTAINMENT
HENRY MAYO
Continued from page 5
The ACS recommends men and their doctors talk about the risks and benefits of screening starting at age 50 — age 40 or 45 for men who are at high risk. The NCI recommends that each man make a personal decision about screening after talking with his doctor, and examining the costs and benefits.
7. How is prostate cancer treated?
Prostate cancer can be treated with surgery, radiation, chemotherapy, hormones or a combination of these methods. Some
The film and entertainment sector in SCV has faced significant challenges over the past year. The estimated economic impact for the fiscal year 2023-2024 was $18.5 million, a sharp decline from the usual $30 million+ average, largely due to industry strikes and uncertainty. However, with recent agreements between key industry unions and producers, the outlook is cautiously optimistic. It’s important to note that the city’s reported figures do not include the economic impact of productions at certified soundstages or movie ranches in unincorporated areas, which remain an integral part of SCV’s film industry.
The Santa Clarita Valley’s diverse market landscape reflects both opportunities and challenges. The industrial sector shows steady growth, the residential market remains strong despite construction slowdowns, and
cases aren’t treated right away, but are watched closely to see how quickly the cancer progresses. This is called watchful waiting. Some choose this option because the side effects of treatment could cause more medical problems than the cancer itself.
If you have prostate cancer, ask your doctor about all of your treatment options, and the risks and benefits of each. The best treatment for you will depend on your age, your medical condition, your feelings about the side effects of treatment, how far the cancer has progressed and how quickly it’s likely to grow.
tourism continues to thrive. Total employment in the Santa Clarita Valley continues to move higher. More positions are being filled in entertainment, recreation, professional business services, the public sector, and in the industrial sector. However, the office market and film sectors face are facing some hurdles, highlighting the importance of ongoing analysis and strategic planning by the SCVEDC and our partners to support sustainable economic development in the region.
For a downloadable PDF of the charts and brief summaries of our Q2 2024 Economic Snapshot, visit our website: https://www.scvedc.org/blog/ scvedc-economic-snapshot-q2-2024.
8. What are the side effects of treatment?
The side effects of prostate cancer treatment vary by the treatment used. They’re also different from one man to the next.
Men who have surgery for prostate cancer may have trouble controlling urination, or problems achieving or maintaining an erection.
Radiation therapy can irritate the skin or intestines, and sometimes leads to impotence.
Other treatments for prostate cancer can cause fatigue, weight gain, breast tenderness, weakening of the bones, increased risk of infections or other problems. It’s
very important to ask your doctor about the possible side effects of recommended treatments and if those side effects can be treated.
9. What will happen if I choose watchful waiting?
If you and your doctor decide that expectant therapy, or watchful waiting, is the best approach for you, you’ll be asked to return for regular checkups. This allows your doctor to monitor the cancer closely. If it starts growing quickly or causing symptoms, active treatment can be started at any time.
For more information about prostate cancer, visit henrymayo.com/ prostate.
Santa Clarita Stock Average
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 3,898.66 and the average price per share was $129.96 This month the index is 4,094.77 up 196.11 or 5.1 % For an average share price of $136.50
County Roll Records Uptick in SCV Value
BY JEFF PRANG Los Angeles County Assessor
It’s that time of year again when my Office undertakes its most important function of the fiscal year that lays the groundwork for the very property taxes that pay for our vital public services: The Assessment Roll.
In fact, it’s a Constitutional mandate.
The Roll for 2024 has been closed as of June 30, and it reflects growth for Santa Clarita, as well as the rest of Los Angeles County.
First off, let me say this comprehensive tally values more than 2.5 million real estate parcels in Los Angeles County and results in the very tax dollars that goes to pay for vital public services, such as healthcare, police, fire, schools, and even librarians, to name just a few. As I mentioned, I am constitutionally mandated to close the Roll by the end of the Fiscal Year on June 30. As a point of reference, my Fiscal Year runs from July 1 to June 30.
I am pleased to announce that the 2024 Assessment Roll has a total net value of $2.10 trillion, indicating the 14th year of consecutive growth. The 2024 Roll also grew by $96.70 billion (or 4.8%) over 2023. That value places about $20 billion to be used for those public services I just mentioned.
Locally, Santa Clarita for 2024 came in at $46.37 billion for taxable values, which is a 3.4% increase over last year’s numbers. That includes 65,328 singlefamily homes, 494 apartment complexes, 4,688 commercial-industrial parcels for a grand total of 70,510 taxable properties. Yes, it’s a solid growth at $46.37 billion. Some basics: The Roll, as it is known, contains the assessed value of all real estate and business personal property in the County’s 88 cities along with the unincorporated areas. It also breaks down
the number of single-family residential homes, apartments and commercialindustrial parcels.
This year’s Roll comprises 2.39 million real estate parcels as well as business assessments countywide. That includes 1.89 million single-family homes, 250 thousand apartment complexes, 248 thousand commercial and industrial properties and more than 163 thousand business property assessments.
Since the Roll is the inventory for all taxable property in the County, it can provide some insight into the health of the real estate market. The Roll is also driven in large measure by real property sales, which added $53 billion to the Roll as compared with 2023; the CPI adjustment mandated by Prop. 13 added an additional $39 billion; and new construction added $9 billion.
Finally, to say this has been a challenging couple of years is an understatement and the fact that property values continue to grow is certainly good news and testament to the viability of the region. A full list of assessment growth amounts and parcel counts for cities and unincorporated areas is available here bit. ly/4dGju6D.
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 about 1,400 employees. It also provides the foundation for a property tax system that generates about $20 billion for public services annually.
