SANTA CLARITA VALLEY BUSINESS JOURNAL OFFICIAL PUBLICATION OF THE SCV CHAMBER OF COMMERCE AUGUST 2022 VOL 14 • No SIGNALSCV.COM/BUSINESS8 Santa Clarita Stock Index Keller Butler Econowatch and More! 12 Visions on the Future of Healthcare
A first aid kit.
SCV BUSINESS VOICES 2 AUGUST 2022
Matches in a waterproof container. Cash or traveler’s checks.
Extra prescription medications.
Chlorine bleach (regular household bleach — not scented, color safe or with added cleaners) that contains 5.25% to 6% sodium hypochlorite, which can be used for disin fecting. Add 1/8 teaspoon of plain bleach per gallon of water. Stir and let stand for 30 minutes. The water should have a slight bleach odor.
A wrench or pliers for turning off utilities. Local maps.
Games, books and toys for your children.
Sleeping bags or warm blankets, a change of clothes, and sturdy shoes for each person.
Diapers and formula.
One gallon of water per person per day.
Stow your kit in airtight plastic bags, and then place them in an easy-to-carry container, such as a duffle bag. That way, if you need to evacu ate, it will be easy to grab your supplies at a moment’s notice.
Nonperishable food, a manual can open er, mess kits or paper plates, cups and utensils.
W
Moist towelettes, garbage bags and plastic ties for personal sanitation use.
Personal hygiene supplies such as tooth paste, toothbrushes, hand sanitizer, de odorant, shampoo and feminine products.
Be Disaster-Prepared: Make an Emergency Supply Kit
A whistle you can use to signal for help.
PATRICK MOODY Henry Mayo Newhall Hospital
Rotate your supplies regularly so they don’t
You can’t always predict when a disaster might strike. But you can be prepared for one. An emergency supply kit with food, water and other essentials can help give you peace of mind.
expire. Replace food and bottled water before the best-by date. Don’t forget that batteries will need to be replaced regularly too.
Consider making a kit for your home, car and workplace, since you never know where you’ll be when an emergency strikes.
According to the Federal Emergency Man agement Agency and the American Red Cross, your kit should contain supplies to last for at least three days. It should include:
A battery- or crank-powered radio and an NOAA Weather Radio with extra batteries.
Flashlights and extra batteries.
Dust masks, plastic sheeting and duct tape.
For more information on preparing for disas ters, visit ready.gov.
Pet food and extra water.
hat to have on hand.
Denture items, hearing aid batteries, spare glasses, and contacts and contact solution.
An extra set of car keys and copies of your ID, passport, credit cards and bank of the basics. If your family includes an infant, pets or others with special needs, you might also want to add:
Thoseaccounts.aresome
4 · SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022 21 ready to jumpstart your stem career? 11 IT WAS A STRONG YEAR FOR FILMING 25 prepping coc students for technology jobs 9 a cybersecurity to-do list FOR SMALL BUSINESSES Santa Clarita Valley Business Journal (a Signal publication), © 2022, 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. A proud publication of SignalSCV. c om SINCE 1919 CONTENTSNEWS&FEATURES6 12 Visions on the Future of Healthcare 7 Lowering Employer Health Care Costs 9 A Cybersecurity To-Do List 11 A Strong Year for Filming 19 Henry Mayo Partners with Keck Medicine of USC 21 Jumpstart Your STEM Career 23 Healthy Eating 25 New COC Grant Preps Students for Technology Field Jobs 26 Santa Clarita Stock Average 27 Econowatch 22LIST Oldest Business FROM THE EXPERTS 8 Ken Keller: Flashlights, Headlights and Searchlights 12 Paul Butler: Atrracting and Retaining Employees 24 Jeff Prang: The 2022 Assessment Roll SCV BUSINESS VOICES 2 Henry Mayo Newhall Hospital 5 Audiology Associates 10 SCV Economic Development Corp. 13 Pierson Wealth 21 Poole & Shaffery CHAMBER SPOTLIGHTS 14 Chamber News 15 Business Councils 16 Upcoming Events 17 Celebrating SCV Businesses PUBLISHER Richard rbudman@signalscv.comBudman(661)287-5501 BUSINESS JOURNAL EDITOR Doña Uhrig SALES REPRESENTATIVES Maureen Daniels Jennifer BarbaraRamosWard August 2022 | Vol. 14 | No. 8
The best thing you can do to make sure you are maintaining your overall health and wellbeing is receive regular hearing screenings in addition to your other doctor visits. To sched ule a hearing aid consultation 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 Val ley. Visit our website at www.Audiology Associates.net or stop by our NEW office lo cated at 25425 Orchard Village Road, Ste 220, Santa Clarita, CA 91355. We are hearing healthcare excellence!
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Breaking the Rules of Hearing Technology
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The 360⁰ sound experience makes it easier for your brain to access relevant sounds, re ducing strain and listening effort. This device also delivers speech understanding on par with normal hearing,* allowing you to navigate noisy listening environments such as parties or restaurants.TheMore is also rechargeable. Simply charge your devices at night on their stylish portable charging station and enjoy an entire day of hearing after 3 hours of charging. The More is
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*For people with typical hearing loss and wellfitted hearing aids, in noisy situations Jensen 2018, Oticon Whitepaper
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changing the way you experience sound. This advanced technology helps even with the most severe hearing loss. Experience the More in a variety of styles and colors to match your per sonalHearingpreferences.connects Don’t let hearing loss keep you from enjoying all of the sounds that matter to you. The More allows for a full day of hearing with advanced technology, so you’ll never miss a conversation again.
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he Oticon More, Oticon’s newest hear ing aid, features advanced hearing tech nology that sets a new bar for what we can expect from today’s hearing aids. More helps you break free of restrictions and join the conversation again.
DR. KEVIN BOLDER AuD, Audiology Associates
technology, and the like, healthcare will be easily personalized. Consumers are going to take healthcare into their own hands, quite literally, and provide data and information to reap the benefits of customizable wellness plans.
BY LESLIE ODEM AND ROB STEINBECK For The Signal
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12 Visions of Change & What We Can Expect from the Healthcare Industry
12 Visions on the Future of Healthcare
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With the rise of technology and big data, as well as a focus on health and wellness, the industry is shifting. To create a better system of healthcare, it’s expected that care will become more human-centric and personalized.
On the forefront of technology, here are some major visions of change and expectations around the healthcare trends of the future.
The Delivery of Healthcare
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Here’s how healthcare is changing. Healthcare is going to massively shift at the hands of technology. The cycle of innovation for technology is exponential. This means that healthcare will benefit from dramatic changes by 2040.
When you think of doctors and health care, the first places that come to mind are likely overcrowded doctor’s offices and hospitals. However, the delivery of healthcare is also changing because of technology.Fromvirtual communities to health hubs and special care operators, there will be innovative ways to connect healthcare experts with those who are in need of care.
The Case for Technology
t’s a fact that everything changes. When it comes to the future of healthcare, experts believe a lot will be changing over the next few years. The industry of healthcare is impacted by so much, including politics, tech nology, people and more.
Right now, healthcare is institution ally focused. With artificial intelligence, data, interoperable devices, wearable
While technology is reshaping how the healthcare industry will work, the face of healthcare providers is also chang ing. There will be more people entering the field with business backgrounds, like
those who have earned their MBA, for example.Additionally, the majority of healthcare providers in specialties like pediatrics and gynecology are women. Women now make up one-third of practicing physicians. While the face of providers is changing, the population is also living longer.Thismeans that the patients whom healthcare professionals serve have dif ferent needs than before. Along with government policies that will need to provide aid for an aging population, dis ease trends will also propose new chal lenges.
ized to each member, advo cacy and clinical resources can go beyond basic customer service to develop a deeper understanding of an individ ual and their needs. The goal is to create a simpler experi ence, so a person can make more informed health deci sions, improve their health, connect with relevant clinical programs, avoid unnecessary costs, understand lower-cost treatment options and find communityEmployersresources.canlearn more about how to lower costs and help employees achieve better health by reading the full white paper Healthcare-Release.Action-Council-and-UnitedCouncil.org/News/Health-HealthAction(BPT)
• Neurological - 6%
Integrated online resources available today provide personalized wellness sup port, decision-making power and medicaloptionsevaluateingsignificantoptionscomparison-shoppingforemployees.Employerscanachievegainsbyprovidtoolsforemployeestoproviders,treatmentandcostestimatesofservices.
• Gastrointestinal - 7%
• Musculoskeletal - 13%
n an extensive analysis of patient claims data, health plan member engagement has emerged as employers’ single best-practice solu tion for controlling costs and improving outcomes for their employees.
E
The study, Costly Condi tions: Identifying and Ad dressing Top Clinical Cost Drivers, offers insights into why employer cost varies so widely across gender, age, income, geography and social determinants of health.
mpowering people with more information about their care options may help everyone make more informed decisions and save.
Engagement
Affordability
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Advocacy
• Cancer - 15%
Employers should also make sure their employee health strategy includes a commitment to helping their employees navigate the health care system. Using advanced algorithms to identify the next best actions personal
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 7
• Cardiovascular - 9%
Transparency
Lowering Employer Health Care Costs
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In the fifth joint white paper by the Health Action Council and UnitedHealthcare, a comprehensive analysis of 320,000+ covered lives identi fied 50% of nearly $2 billion in cost to employers was limited to five conditions:
In addressing these domi nant conditions, the report shows why individual com munities matter so much in terms of total cost of care, billing patterns, treatments and outcomes. In addition to the “why,” the report shows how employers can reduce costs by encouraging more employee engagement.
Encouraging employee en gagement helps optimize plans and incentives. For example, the UnitedHealthcare HAI™ tool evaluates 53 evidencebased decisions as well as life-stage, demographic and social determinants, to iden tify under-engaged individuals and groups. The report shows that highly activated patients are significantly less costly, and far healthier, than those lower on the activation scale.
Lower drug prices have the greatest impact on plan af fordability for the company and employee. Introducing pharmacy step therapies to support the use of highquality, lower-cost generics or biosimilars before turning
to more expensive solutions is one example. Also, look for differences in practice pat terns by geographic region (over- and undertreating; low adoption of best practices) when targeting high-cost conditions. Did you know that neurological treatment differs greatly by location? Billed charges also vary widely. The average billed by providers in Los Angeles is four times higher than Philadelphia for the same procedure code.
KEN KELLER SCVBJ Contributing Writer
What is needed is a powerful beam capable of seeing that far, so I’ll use the example of a car with its headlights on. Tactical leaders bridge the gap between the Strategic and the Operational. It’s an important task, transferring and trans
Flashlights, Headlights and Searchlights
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The employees responsible for getting today’s work done should be doing just that. The job is operational; meaning the scope of their work “vision” should be the radius of a flashlight beam.
The CEO should hold accountable those at the tactical level to ensure that the strategy agreed upon has been con verted into working plans to be imple mented.Itisone thing to “inspect what you expect” and take appropriate action as needed. It’s another thing to hire the right people, educate them to do the job the way you want it done and get out of the way so they can do what they are on the payroll to do.
Managers also need flashlights, but more powerful ones, because their scope is not just today, but the end of the week, the end of the month, the quarter and year-end. The focus is on what needs to happen this year. People who are HR managers, accounting managers, opera tions managers operate in this level.
The strategic level requires a search light; the kind that shoots beams so high the light bounces off the bottom of the clouds above or goes far into the galaxy on a clear night.
altered or discarded as appropriate.
But when the CEO decides to pick up a flashlight and ignores the searchlight, something is very wrong. If this is you, what are you going to do about it?
In my experience, con stant and unnecessary micromanage ment means one of two things. First, the CEO doesn’t trust people enough to let them do the job they were hired to do. Or, second, the CEO doesn’t have enough to do every day so usually out of boredom, or perhaps fear, they meddle.
8 · SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022
OPERATIONAL
Who owns the all powerful search light? The CEO. Only the CEO has the responsibility to look far ahead, to see what kinds of strategic opportunities and challenges for the company lie in the future.Once identified, strategic opportuni ties and challenges appraised by the CEO and communicated so that tacti cal and operational plans can be made,
The CEO owns the strategic function, the future of the company. No one else can do this job.
The strategic level requires a searchlight; the kind that shoots beams so high the light bounces off the bottom of the clouds above or goes far into the galaxy on a clear night.
lating the future of the company to those that work in it daily.
try hard to keep my CEO clients out of the weeds. My ob jective is getting these leaders to lift their vi sion from what is right in front of them to what lies ahead (the future).
TACTICAL STRATEGIC
I believe that within every company there are three functional levels. The first is operational, the second is tactical and the third is strategic.
Flashlights work best for dealing with something close to you, right in front of you. Several roles come to mind: recep tionist; machine operator; accounting clerk. While playing a critical role in the success of the company, these individu als should not be worried or concerned about tactical or strategic issues.
At the vice president or director level, the scope of vision required should be at least a full year and perhaps as much as three years out.
Types of Cyberattacks
It helps to understand where cybercriminals are most likely to strike, which is at most companies’ biggest point of vulnerability — the human factor. The Ponemon Institute’s State of Cyberse curity Report has identified the most common types of cyberattacks on small busi nesses:
Credential Theft (30%) Hackers obtain usernames and passwords to access accounts. Having strong, unique passwords and multi-factor authentication to access accounts can help prevent unauthorized access.
small to medium-sized busi ness requirements to hedge against increasing cyber threats, with several security features to help your business improve its security posture, including:•Multi-FactorAuthentication•SingleSign-On•DeviceManagement•Zero-Trust•PatchManagementEvenbetter,JumpCloud lets customers use all premium features for free, for up to 10 users and 10 devices.
Devices without sufficient security safeguards in place can be vulnerable.
Strategies to Safeguard Your Business
“Any business owner today needs to be aware of and take active measures to protect against cyberattacks,” said Benjamin Garrison, technical evangelist at JumpCloud. “For any size business, JumpCloud provides an effective solution, all in one place.”
1. Educate your employees about security best prac Maketicessure everyone in your business understands com mon cyberthreats, and is well trained on how to identify typical phishing and social engineering scams. In addi tion, help remote employees secure their home networks by offering training on setting up secure Wi-Fi.
A Cybersecurity To-Do List for Small Businesses
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 9
No matter the size of your business, you can take prac tical steps to help defend against cyberattacks, which will save your company time, effort and money in the long term.Here are 5 tactics that should be on your cyber de fense checklist:
Require only strong, unique passwords for employee ac cess, as well as implementing multi-factor authentication practices for an extra layer of protection.
Especially as many employ ees continue working re motely all or part of the time, reduce security risks by em phasizing the importance of everyone in your organization using only company devices for work purposes.
Social Engineering/Phishing (57%)
Don’t wait until a security breach happens to get serious about cyber defense. Being proactive about the security of your business will be well worth it to defend everything you’veJumpCloudcreated.gives IT admins a single cloud directory plat form to secure all their users in any device environment, wherever work happens. Visit JumpCloud.com to learn more. (BPT)
3. Beef up security measures for employee accounts and network access
5. Monitor for security Inbreachescaseofa cyberattack, your business will recover and overcome the loss much more quickly the earlier you can detect the problem. Set up a system for frequent monitor ing of your network for any potential breaches, and keep working to defend against them with regular updates and trainings for all staff.
This can take the form of an email that appears to be from a trusted source, like a co-worker or supervisor, asking for help and requesting you click a link or download something.
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Make sure your entire sys tem is more secure by using a single, effective software platform that can manage identity, access and devices in the cloud — as well as man aging security upgrades and patching. For example, Jump Cloud offers IT admins at any business the ability to control and manage a wide variety of configurations with Zero Trust security to secure your organization.JumpCloud provides an easy, frictionless solution for
2. Keep business and per sonal devices separate
DevicesCompromised/Stolen(33%)
4. Get a unified software platform for security and patch management
f you run a small to me dium-sized business, you may think your risk of cyberattacks is slim to none. But just because your busi ness is smaller and you have your data stored on-premis es does not exempt you from risk.According to the Ninth Annual Cost of Cybercrime Study by Accenture, 43% of cyberattacks are now aimed at small businesses — but only 14% of those businesses are prepared to defend them selves.Since the pandemic, cyber crime has increased by 600%, according to Embroker.com. And the cost of cyberattacks — from business disruption and lost data to system down time, damage to your com pany’s reputation and even legal liability — is higher than ever. Cyber defense needs to be a major component of your business strategy.
introduced new products or services during the pandemic. Non-manufacturing businesses had an even higher percentage, likely due to chang es in retail, restaurants, and other consumerfacing business practices during the pandemic. As companies grappled with the pandemic, relief programs were vital to their survival. 82% of respondents accessed the Payroll Protection Program, while 35% accessed the Economic Injury Disaster Loan and 24% accessed the Em ployee Retention Tax Credit.
Companies also displayed impressive resil ience and adaptability, with 41% indicating they
Several questions about remote work indicat ed that in general, survey respondents preferred in person work. Even for those positions that have the ability to work remotely (unlike many manufacturing and production-related posi tions), employers have limited remote work and indicate that they intend to have less remote work as pandemic-related disruptions ease.
The COVID-19 pandemic hit the Santa Clarita Valley business community hard. SCV’s two largest employers — Six Flags Magic Mountain and Princess Cruises — were shut down for over a year, and the SCV’s large aerospace manufac turing sector saw orders drop precipitously. As a result, surveyed companies reported employee reductions of about 1/3. At the same time, they felt the onset of inflationary pressures, with more than 50% increasing pay and benefits for their remaining employees.
Among other topics, the survey explored the impact of the COVID-19 pandemic.
HOLLY SCHROEDER President & CEO of SCVEDC
2022 Business Survey: COVID Impact
In follow up interviews, respondents indicated that having all employees in their facilities, at least some of the time, made communications and culture-building easier and created fewer issues between production-floor and officebased employees. For those companies who primarily have office-based employees, it is not surprising that a great number allowed remote work, including a handful of companies that are operating almost entirely remotely. These companies appear to have found a balance that works for them, with the largest number saying they do not anticipate changing policies when the pandemic ends. In nearly all interviews, com pany leaders indicated that flexibility is critical to
n March 2022, the Santa Clarita Valley Eco nomic Development Corporation conducted a comprehensive Business Survey outreach to local businesses as a post-pandemic exten sion of SCVEDC’s ongoing business retention program. Business input through the survey process is utilized to assess the current and forecasted business climate, as well as iden tify actionable needs and priorities of existing industry in the Santa Clarita Valley. Compa nies included in the survey represent different business sectors within the Santa Clarita Val ley, with a proactive outreach to key industry clusters that necessitate skilled labor, experi enced leadership, and higher wages.
SCV BUSINESS VOICES 10 AUGUST 2022 E C O N O M I 2C 0 2 2 NATE PATENA DrinkPAK LLC CEO ANA FONSECA Logix President & CEO DR MARK SCHNIEPP ECONOMIST TODD STEVENS MODERATOR PRESENTING SPONSOR JOHN PRABHU LA North Studios Partner TICKET & SPONSORSHIP INFO Online: scvedc org/outlook Phone: 661 288 4400 Email: scvedc@scvedc.org The Economic Outlook will include an in depth look into our national and local economies, as well as discuss global trends This is the only event that provides a detailed economic forecast at the local level 8 : 0 0 1 1 : 0 0 A M P a c i f i c | S e p t e m b e r 9 t h , 2 0 2 2 C o l l e g e o f t h e C a n y o n s S a n t a C l a r i t a P e r f o r m i n g A r t s C e n t e r
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employee recruitment, retention, and success, while simultaneously recognizing the challenges of balancing that flexibility with accountability, compliance, and production demands.
As a result, companies recognize that some level of work-from-home or remote work will be part of their future, which is why many cited the need for improved broadband access as one of the critical infrastructure needs for the SCV.
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Last year, countless television shows took advantage of all the Santa Clarita Valley had to offer, and more than half of the film days reported in 2017 were at tributed to TV production alone.
CITY OF SANTA CLARITA
For more information about filming in Santa Clarita, please visit FilmSanta Clarita.com or contact the Film Office at (661) 284-1425. For an insider’s view of Strong Year for Filming in Santa Clarita
SIGNAL FILE PHOTO
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Prior to the pandemic, the best fiscal year recorded was 2017/2018 with 560 permits issued, 1,377 film days recorded and an estimated $33 million in econom icTheimpact.figures for 2021/2022 represent an 11% increase in permits, a 25% increase in film days and a 30% increase in the estimated economic impact when com pared to fiscal year 2017/18.
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 11
he City of Santa Clarita’s fiscal year recently ended, and the film office saw record numbers in all categories when the final figures were tallied. The Santa Clarita Film Office issued 627 permits, leading to 1,729 film days, that generated $43.9 mil lion in estimated economic impact to our local community from July 1, 2021, through June 30, 2022.
Clarita Valley is also located within the entertainment industry’s cov eted “Thirty Mile Zone” and offers thou sands of film-friendly locations that can double as almost anywhere in the world.
recorded more than 500 permits, over 1,300 film days and $30 million or more in estimated economic impact generated from location filming alone.
Not included in the reported numbers are the film days and economic benefit
Many factors have contributed to the continued success and appeal of filming in Santa Clarita, including the City’s Film Incentive Program, Movie Ranch Overlay Zone, low-cost permit fees and expe dited permit processing, along with the California Film and Television Tax Credit Program.TheSanta
Attracting and Retaining Employees
Reflecting back on our sojourn to downtown Los Angeles — we were at tracted but we weren’t engaged. Due to us not being engaged, they won’t retain us as customers and sadly, we’re not promoters but rather “negators. “
All entertainment events of course are not for everyone but we were convinced by the lack of applause at the end of the proceedings and the forlorn eyebrows we could partially see above masks seemed to agree with our assessment. We were attracted to the event due to the magnetism of the marketing but sadly disappointed by the delivery of the goods. Sadly, we won’t be going back and gladly, would tell others to avoid making the same mistake.
12 · SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022
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here’s nothing worse than feel ing like you’ve been duped. This past week my wife and I, (with my vis iting mother-in-law) went to an event in downtown Los Angeles which was billed as being: “spectacu lar,” “awe-inspiring,” “breathtaking” and “out of this world.” The problem was: we found none of this to be true.
I often say, “The trouble with talent is they have legs and talented people have plenty of choices.” My observation has been that the glue that holds an attract and retain strategy together is the word, “engagement.” See, fully engaged em ployees are not thinking about the back door shortly after they walked through the front door. Fully engaged employees become promoters and will gladly tell their friends and even complete strang ers willing to listen about why they, should also join the organization.
Paul Butler is a Santa Clarita resident and a client partner with Newleaf Train ing and Development of Valencia. For questions or comments, email Butler at paul.butler@newleaftd.com.
hearts and minds of talented employees I’ve found from experience are as fol lows:Help the employee connect the im portance of the work they do every day with the mission, vision and values of the organization.Agreeawin-win agreement each year on 2-3 high priority goals which bring out the best of the employee and how, by achieving these, it’ll make a signifi cant contribution to the organization — hence a Discuss“win-win”.andagree a clear line of sight for the next position for the employee — what is the experience and required at tributes to help that employee reach the next position that most interests them?
Just like we’re now more than happy to warn people not to purchase tickets for the show that we saw — unhappy em ployees are more than willing to warn friends and even complete strangers, (on sites such as Glassdoor) about why they decided to walk out of their employer’s door never to return.
BY PAUL BUTLER SCVBJ Contributing Writer
Promises of unlimited vacation are not quite what they seem. Signing-on
A phrase commonly heard within orga nizations today is “Attraction and Reten tion.” How do we attract the best and the brightest? How do we retain the good people we have already as well as the ones we just hired to ensure they don’t go elsewhere?
The trouble with talent is they have legs and talented people have plenty of choices.
This all set me thinking about the mag nificent effort organizations are making to attract employees in what is presently, an intensely competitive marketplace to find and hire talented individuals. Some entities are making claims that are either completely untrue, unsustainable in the longer-term or are inaccurate distor tions of reality. Such organizations are, in effect making a lot of noise by banging a big drum but there’s little substance to the orchestra marching behind the drum beater.Thishuman resource strategy to say whatever needs to be said to attract talented people is back-firing though — once inside the organization, disgruntled employees figure out very quickly the external marketing doesn’t match the internal reality.
bonuses are unlikely to continue as the power imbalance presently skewed toward employees shifts back to a more even-fulcrum. Onsite 24/7 yoga classes, at-desk massages, ping-pong league tables, sleeping pods and fully-stocked open-café kitchens may lure people post COVID back to an actual corporate office building but such treats will soon fade and fizzle out as deadlines loom and the demands to actually get stuff done, come knocking.
Herein lies the dilemma for employers who attract but don’t engage and there fore can’t retain talented employees.
I QUIT
Three practical ways to engage the
ugust marks the anniver sary of Social Security. Although you likely don’t have plans to celebrate, we encourage you to review your strategy and consider these tips to help optimize your payments as part of your holistic financial plan.
Payout is determined by your paycheck over the course of 35 working years. Working less than 35 years will result in decreased payments. However, working for more than 35 years will allow your higher-earning years to cancel out the lower-earning years.
DETERMINE IF YOU SHOULD DELAY BENEFITS
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Your spouse, regardless of if they worked or not, is eligible for spousal benefits from Social
AUGUST 2022 13
SCV BUSINESS VOICES Are all the pieces of your financial future coordinated into one holistic plan?
BE AWARE OF YOUR ELIGIBIL ITY FOR ADDITIONAL BENEFITS
Security. If your spouse earned more than you, survivorship and di vorce benefits should also be con sidered if applicable. If you have dependents, you may be able to claim additional Social Security payments.Eachsituation is unique. Connect with an experienced financial advi sor to help you determine how you can maximize your Social Security benefits. Contact us at (661) 2977566 or visit
Founder Investment& Advisor Representative 28368 Constellation Rd Unit 396, Santa Clarita, CA 91355 (661) 297-7566 (661) 263-9958 PiersonWealthManagement.com Securities and advisory services offered through Cetera Advisors LLC (doing insurance business in CA as CFGA Insurance Agency LLC), member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. CA Insurance Lic #OC92500
ortotaxorminingreliedLic#otherderInvestmentaAgencybusinessAdvisorsservices91355.Rd.,locatedManagement.com.www.PiersonWealthPiersonWealthManagementisat28368ConstellationSte.396,SantaClarita,CASecuritiesandadvisoryofferedthroughCeteraLLC(doinginsuranceinCAasCFGAInsuranceLLC),memberFINRA/SIPC,broker/dealerandaRegisteredAdviser.Ceteraisunseparateownershipfromanynamedentity.CAInsurance0C92500.Thisinformationmaynotbeonforthepurposeofdeteryoursocialsecuritybenefitseligibilityoravoidinganyfederalpenalties.Youareencouragedseekadvicefromyourowntaxlegalprofessional.
Optimizing Social Security
KNOW THE RULES
Prosperity with Confidence
Contact us today to CEP, MBA
IVY PIERSON Founder and Investment Advisor Representative Pierson Wealth Management
book a 20-minute introductory phone call to discuss your situation, goals and needs. We look forward to helping you pursue your goals and objectives. Ivy Pierson,
Consider your health and finan cial situation to help determine if it makes sense to delay taking your Social Security benefits until age 70. The longer you hold off, the larger your monthly payment will be, which can result in tens of thousands of dollars more in lifetime income.
In September 2020, California passed legislation that required employers with 100 or more employees to report annually to the Equal Employment Opportunity Commission (EEOC) the num ber of their employees by sex, race, and ethnicity in each of the 10 EEO-1 Job Categories.
SB 1162 has already passed the California Senate. It went be fore the Assembly Appropriations Committee on Aug. 3, 2022. If it reaches Gov. Newsom, he has until Sept. 30, 2022, to either sign or veto the bill. If SB 1162 is enacted, it could impact businesses and industries across California through increased reporting require ments for employers and potential litigation against them, by en couraging litigation based on the availability of extensive data col lected and required by the state of California.
3, 2023, through January 23, 2023 ($120 million in tax credits available)
The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California.
The Employee Retention Credit (ERC) is a refundable payroll credit designed to offset some of the financial hardship businesses experienced during the pandemic. For those who qualify, it can mean a credit of up to $26,000 per employee.
In the webinar, you will learn how business taxpayers that expe rienced a suspension (full or partial) of operations or a reduction in gross receipts can claim the credit. The webinar will also cov er the related Paid Sick Leave Refundable Credit, and Paid Family Leave Refundable Credit.
California Bill Would Increase Strict Pay Data Reporting and Pay Transparency Requirements for Businesses Across State
California Competes Tax Credit
1. You will need to create an account with CalCPA (requires only name and email address), an email is sent immediately from calcpa@calcpa.org with a subject line of “CalCPA Validation Email” where you will need to click the link.
2022, through August 15, 2022
Employers who fail to file required pay data reports would be subject to the bill’s penalty provisions. If SB 1162 is enacted, the bill “would permit a court to impose a civil penalty not to exceed one hundred dollars ($100) per employee upon any employer who fails to file the required report and not to exceed two hundred dollars ($200) per employee upon any employer for a subsequent failure to file the required report.”
CalCPA and CalChamber have joined together to offer a FREE Employee Retention Credit Update webinar.
The SCV Chamber and its coalition partners oppose (SB 1162)
($85 million in tax credits available; $120 million in grants avail able)2.January
Registering is a two-step process.
3. March 6, 2023, through March 20, 2023 ($99.7 million plus any remaining unallocated amounts from the previous application pe riods)
Wednesday, August 17, 2022
Introduced in the California Senate in February 2022, if passed SB 1162 would lead to considerable changes to California’s pay transparency laws and affect both pay data reporting and proac tive wage range disclosure.
SB 1162 proposes to amend and expand the current law in sev eral ways. Private employers with 100 or more employees hired through labor contractors would be required to submit to the De partment of Fair Employment and Housing (DFEH) pay data re ports (distinct from EEO-1 reports), which would include average and median hourly rates for employees in specific positions, cate gorized by their race, ethnicity, and sex. SB 1162 would also require the DFEH to publish each private employer’s pay data report on a website available to the public.
The Employee Retention Credit (ERC)
14 · SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022
In addition to the expansion of pay data reporting requirements, SB 1162 would also expand an employer’s obligations under the pay transparency laws under Section 432.3 of the Labor Code. Specifi cally, employers would be required, upon an employee’s request, to provide the employee the pay scale for the position the employee currently holds. Further, California employers with more than 15 employees would have to include the pay scales for positions in cluded in job postings, and not just upon request.
A total of $304,727,233 in California Competes Tax Credit and a total of $120,000,000 in California Competes Grant funding is available for allocation in the 2022-2023 fiscal year. Applications for the California Competes Tax Credit and Grant Program will be accepted online at www.calcompetes.ca.gov during the following periods:1.July25,
10:30 - 11:30 am
Email hello@scvchamber.com to receive the link. Please note you will need to create an account with CalCPA to access the webinar. Your information will not be shared.
2. Once that is completed you can click the registration link in this email again and login and add the free event to cart and checkout.
CHAIR OF THE BOARD
HUNT BRALY - Poole, Shaffery & Koegle, LLP
DI THOMPSON - THOMPSON REALTY ADVISORS
MATT DIERCKMAN - Colliers International
TROY HOOPER - Kiwi Hospitality Partners
HENRY RODRIGUEZ - State Farm Insurance
SANDY SANCHEZ - FivePoint
DR. CHRIS RAIGOSA - Kaiser Permanente
MARISOL ESPINOZA - Southern California Gas Company
DR. IZU OKPARA- Omni Wound Physicians
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 busi ness community or your industry in particular.
EXECUTIVE COMMITTEE
BOARD OF DIRECTORS
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 15
LINDSAY SCHLICK - SchlickArt Video & Photography
DR. DIANNE VAN HOOK - College of the Canyons
SMALL BUSINESS
NON-PROFIT
Michael Grisanti - Hedman Partners, LLP
PATRICK MOODY - Henry Mayo Newhall Hospital
BECKI ROBB - Princess Cruises
GOVERNMENT AFFAIRS
Smallbusinesses.Businesses
As the third largest city in Los Angeles County, the Santa Clarita Valley Chamber of Com merce 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 and bring a focus to the business needs of the area, and to take community leadership roles in addressing these needs. It can increase members’ business network, and provide stron ger representation on area issues. Also, since area councils exist as industry-specific, par ticipation provides an opportunity for area-specific networking with others doing business.
DENNIS VERNER - Burrtec
KAREN BRYDEN - SCV Locations
KARINA WINKLER - Holiday Inn Express
LATINO BUSINESS ALLIANCE
G. JESSE SMITH - California Institute of the Arts
JOHN VANCE - Vance Wealth
BUSINESS COUNCILS
DAN REVETTO - AT&T
STEVE COLE - SCV Water Agency
ANDREA DE LA CERDA - Scorpion
Our LBA council works to promote Latinoowned business as well as relevant issues fac ing our Latino business community. In addi tion the LBA helps to educate businesses on how to enhance a company’s business efforts with Latino customers and other Latinoowned
NextSCV is our next generation of leaders and the group aims to develop the next lead ers of the Santa Clarita Valley through per sonal and professional development, civic engagement, and network building oppor tunities that ultimately stimulate local busi nesses and support the mission of the SCV Chamber.
ANDREA CARPENTER - Logix
ROCHELLE SILSBEE - Southern California Edison
are at the core of our Chamber’s membership and are the back bone of our economy. The Chamber offers a variety of educational and networking pro gramming 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 Chambe’s “Retail Walks” with elected officials; and helps pro mote the nationwide “Small Business Satur day” program which highlights small busi nesses on the Saturday after Thanksgiving.
The SCV has a strong philanthropic commu nity 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 coun cil provides business resources for our lo cal non-profit leaders to help them connect, grow and learn about valuable information so they can successfully meet their organiza tions mission and goals.
NEXTSCV
Board2022 Directorsof
Our Black Business Council works to in spire, 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 op portunities and addresses issues unique to black owned businesses, professionals, and their families;
CHRIS SCHRAGE - LBW Insurance Financial Services
BLACK BUSINESS COUNCIL
JASON CRAWFORD - City of Santa Clarita
Join us to hear about what issues our business community are facing. Elected officials and their staff will give updates from federal, state and local offices. This is a great opportunity to hear what advocacy the Chamber is doing for you and also to find out how you can bring the issues you care about for us to assist you with. Our massive grassroots alliance is comprised of organizations locally and throughout the country who help strengthen our advocacy efforts and ensure our advocacy efforst areEmailsuccessful.hello@scvchamber.com
Government Affairs Council
Business After Hours Mixer at MB2 Entertainment
To find out more information about these events or any other upcoming programming and to register go to:SeptemberHispanicwww.SCVChamber.com/EventsHeritageCelebration21|5:30pm
The format of the event will allow the Congressman to make brief remarks and updates important to the Santa Clarita Valley and then open the forum for business questions from members of the SCV Chamber.
Every year, from September 15 to October 15, we celebrate Na tional Hispanic Heritage Month by appreciating our Latino com munity’s history, heritage, and contributions. Hispanic Ameri cans have been integral to the prosperity of the U.S. and the Santa Clarita Valley. The Hispanic-American community has left an indelible mark on U.S. culture and economy.
to find out how to attend or sub mit an issue you are facing.
This event is members only and space is limited. Walk-ins will not be accepted. You must RSVP to attend. Location will be pro vided prior to the event. We encourage our members to submit their questions for the Congressman ahead of time by emailing hello@scvchamber.com.
October 19 | 5:30 pm
Our Latino Business Alliance invites you to celebrate Hispanic Heritage Month, with our annual celebration, where we gather to network and honor the achievements of Hispanic businesses in the Santa Clarita Valley.
If you are interested in sponsorsing, please email hello@scv chamber.com.
UPCOMING EVENTS
Join U.S. Representative Mike Garcia for our 4th Annual Con gressional Forum as he discusses policy matters pertinent to the Santa Clarita Valley, and 27th District as whole, and answer questions from our members.
Join us for our annual golf tournament as we head to The Oaks Club at Valencia. Join local business professionals and elected officials for a day on the course for some “friendly” competition. Awards will be handed out to the top three as well as last place!
Our October mixer is at MB2 Entertainment. MB2 is an enter tainment park with 7 acres of indoor and outdoor space boasting a plethora of attractions including bowling, arcade games, laser tag, axe throwing, a golf simulator, mini golf, bumper boats and go karts; a full-service restaurant. Join professionals from across the Santa Clarita Valley for networking, food and drinks! Get back into the mix and meet new faces as well as catch up with old connections!
Start practicing your swing for the chance to hit a hole-in-one and win a brand new Mercedes Benz!
September 14 | 10:30 am
16 · SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022
4th Annual Congressional Forum - US Rep. Mike GarciaAugust 31 | 3:30 pm
Oak Tree Golf Classic October 9 | 8:00 am
CELEBRATING SCV BUSINESSES
We continue to be so proud of the resilience of our business community in the Santa Clarita Valley. Despite the pandemic and all the challenges we have faced over the last two years, we continue to grow and celebrate our amazing community. From celebrating new businesses opening or marking special occa sions and achievements, we have been proud to be part of your celebrations.Ourgrandopening/ribbon cuttings are free and open to all to attend.
Do you have a grand opening or anniversary coming up? Email us at hello@scvchamber.com for details about hosting a ribbon cutting ceremony.
Join us on September 17th for Santa Clarita Valley Rotary’s 2nd Annual SCV Day! There will be food, shopping, activities for the kids and Live Music! To find out more go to www.scvday.com
We celebrated the grand opening of Restore Hyper Wellness in July. Congratulations and welcome to the Santa Clarita Valley busi nessGivecommunity.themavisit at 23961 Newhall Ranch Road, Valencia Photowww.restore.com.credit:Joiede Vivre Photographie
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 17
The ability for researchers and medical scientists to con duct whole genome sequenc ing is opening the door to understanding major diseases. Genome sequencing helps to discover how DNA and genes can cause diseases. For exam ple, whole genome sequenc ing has given scientists new insight into the heritability of schizophrenia.
3. Team Approach
3D printing allows the cre ation of something from nothing. The medical world can use 3D printers to make artificial limbs, blood vessels and even bio tissues. There have even been cases where pharmaceutical companies have 3D printed medicine. As time progresses, experts believe that the uses for 3D printing in healthcare will continue to expand.
tions have been handled by AI. From a tangible sense, robots will also be used to aid healthcare professionals with physical tasks, like pulling supplies from stock rooms or the kitchen in a hospital, for example.
As the population expands, there’s an increased demand for doctors. If the supply can’t keep up, what’s the next best thing? Group visits are be coming more popular. Group visits are when doctors see multiple patients with similar symptoms at the same time. Group visits are also likely to occur with patients who share chronic conditions like diabetes. On the upside, this could bring together people in similar situations who can meet and try to manage their conditions together.
18 · SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022
current process is lengthy and costly. They are using the power of artificial intelligence and in silico trials to do so.
5. Virtual Reality
See TECHNOLOGY, page 25
Artificial intelligence will continue and expand its pres ence in healthcare. Medical uses of AI can be witnessed in the case of deep learning. This is when robots can use data to learn and respond to different situations with out human interaction. In the medical field, real-time diagnosis and even prescrip
Continued from page 6
3D printing allows the creation of something from nothing. The medical world can use 3D printers to make artificial limbs, blood vessels and even bio tissues.
health data with their doctors to help diagnose and prevent problems.
4. Artificial Intelligence
9. Drug MedicalDevelopmentprofessionals are finding new and faster ways to develop drugs since the
There are many uses for vir tual reality in the healthcare field. Consider this, a child is in pain in a pediatric unit. They can put on a virtual real ity headset and escape into a virtual oasis that can help to alleviate the pain. For medical school students, virtual reality is a way to simulate a surgi cal environment and practice before a student becomes a doctor and enters the OR.
6. Healthcare Trackers, Wearables and Sensors
Data and technology are playing a massive role in per sonalizing healthcare. New healthcare trackers from the Apple Watch to diabetic sen sors like Dexcom are helping people take control of their own health and wellness. From managing weight to stress levels to blood sugar, patients can also easily share
11. 3D Printing
7. Personalized Healthcare
12.RobotsRoboticshave been used to help patients heal from sur gery and can also make for great companions to those who are suffering from an ill ness. Startups are even creat ing ways in which robots can
2. Group Visits
8. Genome Sequencing
10.NanotechnologyNanotechnologycan help with wound treatment and healing. Companies are cre ating nanotechnology in the form of patches, for example, to monitor wounds and even stimulate healing.
To optimize healthcare, providers may leverage a team approach to treatment. This means that doctors in varying levels and specialties come together to help man age a patient and address all their needs from different perspectives. The teamwork approach places the patient in the middle and relies on each professional to contribute knowledge to optimize care.
Thanks to video calling, there has been an influx of online doctor’s visits. In crises where people cannot make it to doctor’s, online visits have become the new house call. The convenience of online visits also extends accessibil ity to doctors in rural areas that are lacking medical care.
One of the biggest changes in healthcare is predictive medicine. Smart machines and devices can share health care data with professionals to predict problems before they even arise or become life threatening. This proactive model of healthcare is inher ently personalized because patients’ data is being sent from their bodies, in essence, to their healthcare teams for plans and treatment.
HEALTHCARE
enry Mayo Newhall Hospital is a independence,helpsanter,vancedbirthlactationlarnumberrangecalthecialists,bothandisyoucompassionofcializedsavingcountcenter.munitynot-for-profit357-bed,comhospitalandtraumaYourfamilycanonusforcriticallife-servicesandspecarewhenqualitylife,comfort,safetyandareimportanttoandyourlovedones.Ouremergencydepartmentopen24-7toserveyou,apanelofphysicians,specialistsandsub-speareavailablearoundclockforyourmostcritineeds.Wealsoprovideawideofcarethroughaofservices:apopumaternitydepartment,support,andchildeducationprogram,adprimarystrokecenspineandjointprogram,acuterehabunitwhichindividualsregaintheirgrowingcardiovascularservices,outpatientwoundcareservices,highlyattentivephysicalandoccupationaltherapies,andawiderangeofinpatientandoutpatientsurgicalservices.InFebruaryof2022weannouncedanewcollaborationwithKeckMedicineofUSC,designedtobringadvancehealthcareservicestotheSantaClaritaValleyandsurroundingareas.ThecollaborationlaunchedwiththeopeningofaUSCNorrisComprehensiveCancerCenterRadiationOncologyclinicontheHenryMayocampus.HenryMayoandKeckMedicinewillbe
and continually enhancing care to improve outcomes and service for you and your family.Henry Mayo also helps Santa Clarita residents reach their personal fitness goals at Henry Mayo Fitness and Health; southern California’s only integrated fitness facil ity. Conveniently located on Town Center Dr., we offer personal training and physi
cal therapy under the same roof. Our family-friendly facility also offers child care and a range of activities for members of all ages.
BY PATRICK J. MOODY Henry Mayo Hospital
H
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 19
We are also collaborat ing with Keck Medicine to bring colorectal surgery and certain specialty orthope dic services to Santa Clarita, giving patients opportunities to receive these specialized services without having to leave the Santa Clarita Valley.
In the fall of 2019, we opened our new patient tower, a $151 million project that was part of the hospi tal’s approved master plan. Our patient tower includes 119 private patient rooms, including the 29-bed Center for Women and Newborns, additional surgical suites, a welcoming café and kitchen, an expanded laboratory and blood bank, and a roof top helipad with direct Emergen cy Department access.
The patient care teams who come to work here every day are dedicated to elevat ing your expectations of our hospital to the highest pos sible level – with you and your family in the center of all that we do.
Henry Mayo Newhall Hospital Partners with Keck Medicine of USC
Henry Mayo’s outstand ing affiliated medical staff is comprised of physicians whose expertise ranges across more than 71 spe cialties and subspecialties. These physicians, along with hospital clinical and sup port staff, are adopting new information technologies
offering a comprehensive program for inpatient and outpatient oncology services, encompassing radiation, medical oncology and surgi cal oncology subspecialists, as well as supportive ser vices, to provide a local onestop destination for worldclass cancer care.
the area. Today, millions of training fund dollars to support skill upgrades have been provided to thousands of local employees.
VIA’s 23rd annual BASH event, an evening of celebration and recognition, is scheduled for Friday, November 4th at the Hyatt Regency Valencia. Join us as we present MIDNIGHT IN MOROCCO and transform the Grand Ballroom into an exotic Moroccan paradise. Come help us celebrate our members and the business community and enjoy the extraordinary entertainment planned for the evening.
Woodward HRT Carla Eckman
SCOI – Southern California Orthopedic Institute Mark Ortgies (818) mortgies@acoi.com207-8646
Beyond music, Terrell is a true philanthropist in many charitable organizations. One of his passions lie with The Reach Mission Foundation, which was founded by Edwards and brings aid and awareness to international poverty relief, and also provides financial support to local youth initiatives. Read more about Terrell in the June issue of elite Magazine.
Are you ready to Party!
Over the years, the CEO Forum has helped direct VIA in assisting the business community with their most pressing needs from the development of outreach to adjacent counties, the creation a tri-county Regional Executive Summit, a focus on workforce housing, transportation and mobility, and the continuing need for basic skills and access to a skilled workforce.
A D V O C A T E . E D U C A T E . I N N O V A T E . VALLEY INDUSTRY ASSOCIATION 15 VIA COCKTAILS CONVERSATION& with L.A. County Supervisor Location TBD CEO FORUM A D V O C A T E E D U C A T E N N O V A T E VALLEY INDUSTRY ASSOCIATION
20 SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022
Frank fditomaso@banksocal.comPhone:DiTomaso661-362-6002
Scott Wilk TWFG Insurance Services
life. It’s more than just dance– it’s a life-changing experience. The amazing voice of Terrell Edwards will get you on the dance floor this year. Terrell’s smooth, but explosive tunes is what got the attention of legendary tonight show host Jay Leno. Within days of being introduced to Jay Leno; Terrell was invited to Las Vegas to work alongside the legend and spent the next few years opening for the icon at the Mirage in Las Vegas with member of the tribute group, Tri City Rat Pack.
Carla.eckman@woodward.com(661)702-5283
UPCOMING EVENTS
ADVOCATE • EDUCATE • INNOVATE
The Forum continued to convene bi-annually, and in 2002, CEOs voiced an overwhelming need for entry level employees to be equipped with fundamental skills and work ethics. Based on that need, in 2003, VIA Connecting to Success, a high school work readiness program, was developed. Now in its 20th year, VIA Connecting to Success continues to prepare the emerging workforce with the skills they need to successfully enter the world of work and has trained more than 35,000 students from the Santa Clarita Valley.
Scott Wilk, Jr. (661) swilk@twfg.com362-0750
Aero & Hydraulic Systems
Douglas Roberts Agency Douglas Roberts (661) droberts@farmersagent.com417-8001
VISIT
Sponsors include: City of Santa Clarita, College of the Canyons, Mission View Charter School, EXP Realty, Santa Clarita Magazine, Tweddell & Associates representing Primerica, QM Design Group, Southern California Edison, The Signal, UCLA Health and Scott Edwards Finance of America.
Sponsorships and reservations are available through the VIA Office at (661) 294-8088 or by email: kathy@via.org
The Forum will be held on Friday, December 2nd, 7:30 – 10:00 a.m. at the Dianne G. Van Hook University Center. CEOs, Presidents, Business Owners and Top-Level Executives are invited to join us for this annual high level problemsolving session.
VIA 2022 CEO DEC.FRIDAY,RETURNSFORUMON2nd
2021 VIA BASH Award winners include: Ed Masterson, Volunteer of the Year, Vance Wealth, Rising Star of the Year and City of Santa Clarita, Business of the Year.We are excited to have D’Wilfri DanceArt & Entertainment bring their passion for dance to the BASH this year. With 25 years of dance experience and dance championships, D’Wilfri DanceArt & Entertainment will bring the dance stage to
In 1995, VIA sponsored its first CEO Forum, bringing together chief executives, community leaders and educators to discuss the business community’s training needs and workforce plans. CEOs emphasized the need to retool the local workforce if they were to successfully diversify from defense to commercial manufacturing and expand into new markets. As a result, VIA and the College of the Canyons Employee Training Institute worked to fund a retraining initiative in
LMB Development Lois lbauccio@pacbell.net(661)Bauccio993-3445
Homegirl Cali Martha Aguilera (818) martha@homegirlcali.com481-6197
VIA has enjoyed the support of the valley’s top executives over the years both in membership and through the CEO Forum, a collaboration of decision makers to identify common business and community issues, while developing solutions.
Bank of Southern California
VIA.ORG
Odom Law Group Lisa lisa@odomlawgroup.com(661)Odom424-7994
Sponsorships are available from $7,500 to $500. Individual tickets are $150 each. To reserve or for more information, visit www.via.org/via-bash/
• Federal regulator of bio chemical products
How can I enter these fields?
• Zoologist
I
If you want to get in on the ground floor of these growing career fields, consider a bach elor’s degree in either biologi cal sciences or biochemistry.
• Science writer
June 30, 2022, the U.S. Supreme Court denied a petition by the California Trucking As sociation (CTA) that sought to reverse the Ninth Circuit’s ruling that California’s As sembly Bill 5 (AB 5) was not preempted by federal law as it applied to truck drivers. The decision by the U.S. Supreme Court effectively deems California’s AB 5 applicable to independent owner-operators providing trucking services for
independently established trade, occupation, or business of the same nature as the work performed. Given the nature of the work by independent owner operators, it is basically impossible for owner-opera tors to satisfy prong “B” (and thus be deemed independent contractors) as they perform the same work as motor car riers.With this denial by the U.S. Supreme Court, the prelimi nary injunction against the im plementation of AB 5 against motor carriers will be lifted. According to the CTA: “In
On
Ready to get to work?
motor carriers.
For more information, visit ASUOnline.asu.edu. (BPT)
• Pharmacologist
Biological sciences com prise several branches of biol ogy, including environmental studies, genetics, botany and microbiology.Biochemistry focuses on a wide array of subjects, such as basic chemistry, the proper ties and function of biomol ecules, and the mechanisms of cellular function and living organisms. This knowledge has several applications, from developing medicines to cre ating new, disease-resistant variants of common crops.
Motor Carriers Will Need to Learn the ABCs of AB 5
addition to the direct impact on California’s 70,000 owneroperators, who have seven days to cease long-standing independent businesses, the impact of taking tens of thousands of truck drivers off the road will have devastating repercussions on an already fragile supply chain, increasing costs and worsening runaway inflation.” As recently on July 20, 2022, truckers protested at the Port of Oakland chant ing, “The cargo won’t flow/ until AB-5 goes!” The port shut down operations because of the protest.
Industries that offer the highest level of employment
••include:DentistEnvironmental protection technician
• Biochemist
If advancing your career in science or medicine is your goal, consider a career in ei ther biological sciences or biochemistry. Arizona State University offers online de gree programs in these ar eas to take your career to the next level. Recognized as the nation’s most innovative uni versity, ASU Online brings coursework to life through immersive science labs and digital experiences.
A bachelor of science in bi ological sciences helps you develop a valuable and broad understanding of many disci plines in biology. Because of the flexibility of this degree, you can enter several indus tries through an entry-level biological services position.
• Chemical engineer
Ready to Jumpstart Your STEM Career?
• Veterinarian
A bachelor of science in bio chemistry can prepare you for a career in science or medi cine. According to U.S. News, a degree in this field can pre pare you for several profes sions, including:
• High school teacher
• Biological or biomedical engineer
for biological scientists in clude the federal executive branch; scientific research and development services; academia; pharmaceutical and medicine manufacturing; and management, scientific and technical consulting ser vices.Specific career paths could
After receiving a bachelor’s in biochemistry, you’ll also be prepared for several fulltime, entry-level positions in research or education. You can also begin a postgraduate health program.
• Process engineer
• Pharmaceutical researcher
ployment for both of these industries is promising. Em ployment for biological tech nicians is forecast to grow 7% through 2030. This translates to an average of about 11,800 job openings each year over the next decade. As a biologi cal scientist, you can expect to earn a median annual wage ofFor$85,290.those entering the field of biochemistry, the job mar ket is forecast to grow at an annual rate of 5% and you can expect to earn an average sal ary of $94,270 per year.
According to the U.S. Bu reau of Labor Statistics, em
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 21
• Forensic science techni cian
• Agricultural scientist
f you haven’t considered a STEM career, now may be the time to explore your options. Advancements in recent years have highlight ed the need for positions in science and medicine, re sulting in an industry boom and a growing job market for potential STEM program graduates.Twoburgeoning career paths in STEM are biological sciences and biochemistry. What is biological science? Biochemistry?
• Food researcher and de veloper
• Laboratory technician
• Nursing
• Physical therapist
As we previously reported, AB 5 was a law passed in California that used the “ABC” test to define who was qualified to be independent contractors. Essentially, the “ABC” test provides that all workers should be considered a company’s employees unless they can satisfy the following three prongs: (A) free from the control and direction of the hiring entity, (B) performs work that is outside the usual course of the hiring entity’s business; and (C) the worker is customarily engaged in an
BY JAION CHUNG Poole & Shaffery
B & B Manufacturing Contract Manufacturing Services 1961 270
AV Party Rentals Event/Party Supplies 1973 37 Rusty Parr 23800 Newhall Avenue, Newhall (661) 259-2151
Sam Elhilu 31515 Parker Rd., Castaic (661) 257-3523
22 · SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022
1977
Way Station Coffee Shop Restaurant 1971 12 Eric Leeser 24377 Main Street, Newhall (661) 255-0222
254-0540 Tartan Realty Real Estate Agency 1979 N /A Kathy MacIntosh 16654 Soledad Cyn Rd., Canyon Country
257-2184 A Chorus Line Dancewear/Costume 1983 7 Jana Einaudi 23330 Cinema Drive #101, Valencia
Fred Duncan, Jeff Lage 27940 Beale Ct., Valencia 91355 (661) 257-2161
Paul Miccolis 23043 West Soledad Canyon Rd., Saugus 91350 (661) 259-4040
Sally Moore 15564 Sierra Highway, Santa Clarita 91390 (661) 251-0102
top executive address
The List: O ldest B usinesses i n t he s CV
Newhall Escrow Inc. Escrow 1963 11
Doug Bonelli 22500 Soledad Canyon Rd., Santa Clarita 91350 (661) 259-3886
Saugus Café Restaurant 1888 22 Yecenia Mercado 25861 Railroad Avenue Newhall 91321 (661) 259-7886
Backwoods Inn Restaurant 1968 29
297-3100 Le Chene Restaurant French Cuisine 1980 30 Juan Alonso 12625 Sierra Hwy., Santa Clarita
Green Thumb Garden Center Nursery 1970 25
Western Horizons Landscape Contractor 1973 18 Jim Keltner 25553 Via Paladar, Valencia (661) 618-3026
Steve Corn 24010 Lyons Ave., Newhall 91321 (661) 259-3450
Owen, Patterson & Owen Law Firm 1977 11
Douglas Furniture Furniture 1974 12 Doug Green 23661 Newhall Avenue, Newhall (661) 255-8421
Gymnastics Unlimited Gymnasium 1977 22 Courtney Starks 28373 Constallation Rd, Valencia (661) 257-2GYM
Valencia Country Club Golf Club 1965 100
259-6733 Bouquet Canyon Florist Florist 1980 8 Charmaine Wojciechowski 26859 Bopuquet Canyon Rd., Saugus
Halfway House Café Restaurant 1906 9
One Flooring 1979
Bud, Steve & BergquistNancy 23734 Newhall Ave., Newhall (661) 259-1071
254-1474 Santa Clarita Lanes Bowling Alley 1979 32 Tom Cristi 21615 Soledad Canyon Rd. Santa Clarita
251-4315 Progressive Physical Therapy, Inc. Physical Therapy 1980 5 Shelly Cloughley 25949 The Old Rd., Valencia
The Travel Bug Travel Agency 1977 9 Geri Jacobs 24300 Town Center Dr. #101, Valencia (661) 255-5030
Stern, Kory, Sreden & Morgan Certified Public Accountants 1977 26
Mike Nix 27330 Tourney Rd., Valencia 91355 (661) 254-4401
The Werner Law Firm Law Firm 1975 4 L. Rob Werner 27257 1/2 Camp Plenty Rd., Canyon Country (661) 252-9022
Pleasantview Industries Work Activity Program 1969 20 Gerry Howard 27921 Urvabdale Ave., Saugus (661) 296-6700
Rich Angelo 26415 Summit Circle, Santa Clarita (661) 291-2800
Teri King 27251 Camp Plenty Rd., Canyon Country (661) 251-5885 18 Don Cruikshank 24933 Railroad Ave., Newhall (661) 259-2155
Magic Mountain Amusement Park 1971 3,000+ Tim Burkhardt 26101 Magic Mountain Parkway (661) 255-4100
Tiny's Submarine Sandwiches Restaurant 5
Name business type year est. #of employees
Country Antique Fair Mall Antique Mall 1979 10
phone number
Stay Green Landscape Services 1970 280
Saugus
Gallions Corner Market Market 1969 10
Santa Clarita Concessions Vending Machine Supplier 1955 12
The Signal Newspaper 1919 34
Chi-Chi's Pizza Restaurant 1967 76
Santa Clarita Swap Meet Swap Meet 1963 34
AV Equipment Rental, Inc. Equipment Rentals 1979
253-0300
254-0077 Samuel Dixon Family Health Centers Medical 1980 39 Philip Solomon 25115 Avenue Stanford, Valencia
257-2339 Anitech Systems, Inc. Hardware Design 1981 4 Steve McIntyre 25021 Anza Dr., Valencia
Richard A. Patterson, Esq. Greg Owen, Esq./ Susan Owen, Esq. 23822 W. Valencia Blvd. #20, Valencia (661) 799-3899
Condie, Thomas & Harbo, CPAs Certified Public Accountains 1975 10 Gary Condie 28490 Westinghouse Pl. #140, Valencia (661) 257-2900
Lisa Burke 21554 Golden Triangle Rd., Saugus 91350 (661) 259-7310
Carol Ohler 17846 Sierra Hwy, Canyon Country 91351 (661) 252-5522
Brent's Carpet 8 Brent Griffiths 24220 Lyons Avenue, Newhall (661) 255-3337 Mac McClure 21546 Golden Triangle Rd., (661) (661) (661) (661) (661) (661) (661) (661) (661) (661)
259-7653 Vincenzo's Pizza Italian/Pizza Restaurant 1979 12 Steven Katz 24504 1/2 w. Lyons Ave., Newhall
Richard Budman 25060 Avenue Stanford Ste 141, Valencia 91355 (661) 259-1234
Ronald D. Morgan, Gregory C. Kory, Robert J. Stern 24961 The Old Road, Stevenson Ranch (661) 286-1040
Henry Mayo Newhall Hospital Hospital/Trauma Center 1975 1,580+ Roger E. Seaver 23845 McBean Pkwy., Valencia (661) 200-2000
or vegan baking. Substitutes like coconut or almond flour for white flour or applesauce for oil pack a flavorful and nutritious punch.
Kaiser Permanente recom mends a mostly plant-based diet, which focuses on whole grains, legumes, fruit and vegetables, limiting the con sumption of meat and dairy. Not only is it good for your health, but it’s also good for the health of the planet. And with so many options avail able these days, it’s easier than ever to eat plant based.
To learn more about healthy eating visit the Kaiser Permanente website at kp.org/ nutrition.
The following are tips from Kaiser Permanente nutrition experts you can use to im prove your eating habits:
tions like pre-diabetes. Drink water, unsweetened iced teas, or sparkling water. You can give your water a kick with a squeeze of fresh lemon or lime, or a small splash of 100% juice.The Kaiser Permanente Panorama City Medical Cen ter’s farmers market is open from 9 a.m. to 1:30 p.m. every Wednesday featuring local growers selling freshly har vested produce, flowers and more.
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 23
Healthy Baking Ideas
Insight Treatment Programs are located in Pasadena, Van Nuys, El Segundo, Santa Clarita, El Monte, Modesto, and Merced, CA.
Insight’s highly trained clinical team specializes in addressing chemical de pendency,
Watch Your Beverages
nutritionist at Kaiser Perman ente’s Panorama City Medical Center.“Fresh means more nutri ents and local means less contamination due to trans portation and storage. In addition, the food is usually pesticide, hormone, antibiotic and GMO free.”
Studies show that over 22% of calories consumed in the US come from sugary or alcoholic beverages. This can lead to weight gain over time and can contribute to condi
successfully keep up with their family commitments, as well as job and school.
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I
Plant-Based Eating
Instead of sourdough bread, try your hand at gluten free
nsight Treatment Pro grams is a recognized, private insurance-based, intensive outpatient dualdiagnosis treatment pro gram for teens and their families. Based on the fun damental belief that ado lescent issues can only be effectively treated by ad dressing all aspects of their lives, at Insight Treatment Programs we use treatment attending to health.andrecoverytheythesistclients.uedDayProgramoffersources.needs,islogicalfamilial,psychological,emotional,spiritual,academic,andbiofactors.Everyfamilydifferent,withdifferentproblems,andreAtInsightTreatment,weanIntensiveOutpatientandastructuredProgramforthecontincareandsupportofourThisprogramwillasourclientsindevelopingskillsandrelationshipsneedtobolstertheirfromsubstanceuseimprovetheirmentalInthisway,theycan
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Tips for Healthy Eating
E
ating healthy is of ten easier said than done. The pandemic has affected us all in differ ent ways and for many of us, eating healthy has taken a backseat. However, it is possible to get your healthy eating back on track. Buying and cooking produce from a farmers market is one easy way to improve your eating habits.“Food at a farmers market is fresh, seasonal, and locally grown,” said Anna Leszczyn ska, a registered dietician
This year’s Roll comprises 2,589,521 million real estate parcels as well as business as sessments countywide. That includes 1,889,000 singlefamily homes, 250,000 apart ment complexes, 248,000 commercial and industri al properties and more than 165,000 business property as sessments.Sincethe Roll is the inven tory 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
The 2022 Assessment Roll
PHOTO CREDIT JORGE CABRERA MARTINEZ | PIXABAY
The Roll for 2022 has been closed on time, on budget and it reflects growth for Los An geles County for the 12th con secutive year.
The Roll, as it is known, contains the assessed val ue of all real estate and busi
Finally, as we appear to be emerging from the more than two-year-long pan demic, I wish for everybody to stay safe and heathy. We are not clear of this virus by
First off, let me say this comprehensive tally values more than 2.5 million real es tate 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.
Some Basics
24 · SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022
t’s that time again that my office dertakesun its most veryworklaysfiscalfunctionimportantoftheyearthatthegroundforthepropertytaxes
ness 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 com mercial-industrial parcels.
I will break down San ta Clarita’s numbers for next month’s column.
any stretch and this is a tu multuous time in our history. No question about that, but to repeat what has been said so many times before dur ing emergencies that demand the best from us, this could be our finest hour.
measure by real property sales, which added $69.6 bil lion to the Roll as compared with 2021; the CPI adjustment mandated by Prop. 13, which this year came in at 2%, add ed an additional $34.2 billion; and new construction added $6.3 billion.
The 2022 Roll also grew by more than $122 billion, a re cord, over 2021. That value places nearly $19 billion in the hands of the County to be used for those public services I just Assessmentsmentioned.are based on the value of property as of the lien date of January 1, 2022.
The 2022 Assessment Roll has a total net value of $1.89 trillion, indicating the 12th year of consecutive growth.
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 generated nearly $19 billion this year alone.
that pay for our vital public services: The Assessment Roll.
I am constitutionally man dated to close the Roll by the end of the Fiscal Year on June 30.Iam pleased to announce that the 2022 Assessment Roll has a total net value of $1.89 trillion, indicating the 12th year of consecutive growth.
BY JEFF PRANG Los Angeles County Assessor
I also want to remind resi dents that the growth does not mean property own ers will be subject to a cor responding increase on their annual property tax bills. Most property owners will see only a 2% adjustment pre scribed by Proposition 13.
I
Continued from page 18
New Grant to Prep COC Students for Fast-Growing Technology Field Jobs
• Healthcare Professionals
And, thanks to a recent $300,000 grant from the
• Studying Health Science
California Community Col lege Chancellor’s Office, we will move forward with de veloping three new programs that address this urgent local workforce need and position students for on-the-job suc cess: network technologies, electronic systems, and cy bersecurity, which is launch ing in fall 2022.
Pursuing higher education and training is more impor tant than ever as job hunters seek a competitive edge in the workplace and look for ca reers with long-term growth opportunities. COC contin ues to be up to the challenge of equipping students with the most up-to-date training and resources available. With enrollment fees at just $46 per unit, and multiple sources of financial aid available, COC offers a high-quality educa tion that is also affordable and helps students avoid costly educationResearchloans.shows that 72 per cent of students who com
• Virtual Healthcare Providers
• Wellness Coaches
DR. DIANNE G. VAN HOOK Chancellor, College of the CanyonsAtCollege
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 25
help kids with illnesses to monitor medi cation.
health and well-being, including mental health.
of lo cal business and industry and equip students with the skills and experiences need ed to work in growing, wellpayingInformationfields. technology ranks among the local indus try sectors experiencing the strongest demand for qualified personnel. Data show nearly 1,500 annual job openings, but fewer than 600 degrees or certificates awarded, creating a significant opportunity for the college to offer training that addresses this gap.
• Specialty Care Operators
• Developers and Data Scientists
of the Can thatandaddingportunitiesexpandingcommittedweyons,aretoopbydegreesprogramsmeettheneeds
The changes that will happen in the future of healthcare will affect everyone from insurers, healthcare profession als, new entrants in the marketplace, patients, consumers, and employers. Big businesses, like Apple and Google, are even becoming more involved in health care.Here’s an overview of those who will be •affected:DataSecurers and Data Collectors
The Future of Healthcare and Those Impacted
• Inventors and Manufacturers
It’s clear to see how technology is play ing a major role in reshaping healthcare. But beyond sickness and surgery, wear able technology and smart devices bring a whole new focus to the patient. People can use wearables to monitor their own well-being and pay attention to data points they would have otherwise ig nored, such as how many steps per day they take, their heart rate, and their stress
Morelevels.thanjust tackling diseases as they arise or treating illnesses, technol ogy is putting a new focus on overall
The importance of healthcare provid ers in the future of healthcare cannot be understated. From nurses to physi cal therapists and doctors to surgeons, those who provide healthcare solutions on a daily basis will continue to be need ed.
Technology Will Improve Well-Being
• Data Operators and Platform Builders
TECHNOLOGY
• Regulators
• Insurance Providers
plete programs in computer infrastructure and support are employed within one year of completion and achieve an average increase of 21 percent in earnings. As their skills and experience increase, many students in this sector are realizing salaries that exceed $100,000 within the first five years of Studentsemployment.inthenew net work technologies, electronic systems, and cybersecurity programs will benefit from a hands-on approach to learn ing that teaches them the skills employers tell us they seek most in prospective employ ees. Faculty in the program will work with industry partners to develop Project-Based Learn ing assignments that teach students how to correctly identify problems, create po tential solutions, and then test them for Hands-oneffectiveness.learningin tech nology fields requires a sig nificant investment in current technology, and this grant
The Future of Healthcare Starts Now Technology, the population, patient needs, and more will continue to play a role in the future of healthcare. This will lead to more personalized care and pre dictive solutions when it comes to pa tient health. Both people, business, and science will help to create change within the industry to optimize care. provides funding to equip classrooms with the needed hardware, including new serv ers, routers, and 95 desktop computers.Inaddition to helping meet the immediate need for em ployees with information technology skills, the grant will also enable us to estab lish a pipeline of future talent for the field. We will develop and launch career exploration camps for middle schoolers that will be offered during summer and winter breaks. We look forward to the development of these three programs, which underscore our commitment to meeting local business needs, and to creating opportunities for our students.Dr.Dianne Van Hook serves as chancellor of College of the Canyons. If you are interested in learning more about the COC network technologies, electronic systems, and cy bersecurity programs, please visit canyons.edu.
Lennar Home Builder NY: LEN 74.60 84.89
Tri Pointe Homes Home developer NYSE: TPH 17.67 17.99
Comcast Communications NY: CMCSA 40.29 38.26
OTC: BCAL 15.09 15.40
26 · SANTA CLARITA VALLEY BUSINESS JOURNAL AUGUST 2022
Boston Scientific Biomedical NYSE: BSX 38.01 41.06
Six Flags Entertainment/leisure NYSE: SIX 23.04 24.10
Home Depot Retail NY: HD 279.08 305.48
Lowes Retail NY: LOW 177.36 195.07
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 of how our local company’s stocks are performing.
Carnival Corp. Entertainment/leisure NYSE: CCL 8.82 9.44
Bank of Southern California Banking
Disney Entertainment media NYSE: DIS 96.14 107.52
Costco Retail NASDAQ: COST 485.76 535.98
Amazon Retail
Otsuka Pharmaceutical Pharmaceutical OTCMKTS: OTSKY 18.01 17.10
Sodexo Home/food services OTCMKTS: SDXAY 14.71 16.30
CBRE Commercial real estate NYSE: CBRE 75.69 83.44
This month the index is 3,102.93 up 234.23 or 8.2%, for an average share price of $103.43.
IQVIA holdings Laboratory services NYSE: IQV 215.05 232.77
Bioventus Biomedical Nasdaq: BVS 7.11 8.36
Sonova Holdings Biomedical equipment OTCMKTS: SONVY 81.68 71.05
Woodward Aerospace/Manufacturing NASDAQ: WWD 93.48 97.90
Five Point Holdings Home developer NYSE: FPH 3.98 3.85
Kohl's Retail NY: KSS 28.68 29.97
NASDAQ: AMZN 109.56 137.56
Textron Industrial NY: TXT 61.11 64.23
Walmart Retail NYSE: WMT 111.63 127.95
Quest Diagnostics Laboratory services NYSE: DGX 136.68 139.18
California Resources Corp. Energy NYSE: CRC 35.71 44.40
ITT inc. Aerospace/manufacturing NYSE: ITT 67.50 77.82
Boeing Aerospace NY: BA 139.84 165.59
Santa Clarita Stock Average
Auto Nation Auto Dealers NY: AN 114.81 120.69
McDonalds Restaurants NY: MCD 252.96 258.16
Last month the index was 2,868.70 and the average price per share was $95.62.
KB Homes Home developer NYSE: KBH 29.65 31.42
Company industry ticker JULY 5 AUGUST 8
Industrial Space 1.40% 1.10% 25,317,438
SCV Condo Sales 450 359 560
Office Space 18.95% 22.70% 2,869,754
State 4.0% 4.3% -6.98%
Carnival Corp. (CCL) 8.65 13.88 -37.68%
Building Permits
SCV Home Sales 1,161 943 1,443
AUGUST 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 27
FivePoint (FPH) 3.91 4.86 -19.55%
SCV Single Family Home Inventory 281 276 320
high-quality jobs to our valley, allowing more residents in our expanding popula tion to live and work right here in SCV!
Fast forward to 2021 and TCC’s selec tion as the developer after a competitive bidding process. The Developer’s pro posal contemplates a 1.8 million square foot mixed-use project that includes:
• 250,000 square feet of life sciences office (research & development, bioscience)
Santa Clarita 5.1% 4.2% 21.43%
Total Marked Sq. Ft. Vacancy Percentage: 28,187,192
Six Flags * (SIX) 21.7 29.35 -26.06% Woodward (WWD) 92.49 101.61 -8.98%
• 1.5 million square feet of indus trial business park (manufacturing, warehousing & distribution, media, and entertainment)
Housing Stats May ’22 Apr ‘22 May ’21
26455 Rockwell Canyon Road | UCEN 263 | Santa Clarita, CA 91355 | (661) 288-4400 | www.scvedc.org
SCV Average Condo Price 580,900 619,500 559,300
tation infrastructure.
• 55,000 square feet of retail (neigh borhood, quick service, traditional), and required parking and transpor
BY HOLLY SCHROEDER President and CEO of the Santa Clarita Valley Economic Development Corp.
At the behest of the SCVEDC to fur ther our mission of increasing the highquality job base and fostering economic growth in the region, the County Board of Supervisors has made development of the Honor Ranch site a priority. The Board recognized the underutilization of the Honor Ranch site, that it could con tribute to blight of the surrounding area, and its potential economic and work force development opportunities. Work on the development began in earnest after a July 2016 Board motion directed the County to solicit input from experts about the potential of the site.
Office Space - as a % of Vacancy 10.18% 9.97% N/A
Lancaster 7.7% 6.9% 11.59%
Local Company Stock Prices Jun ’22 May ‘22 % Change
Santa Clarita Valley Q2 2022 Q1 2022 Q2 2022 Sq Ft
Palmdale 7.7% 6.7% 14.93%
Honor Ranch Development Project Takes Next Steps
Unemployment Rates Jun ’22 May ‘22 % Change
T
Commercial Vacancy Rates
Econo Watch
Mission Valley Bank (MVLY) 13.6 13.99 -2.79%
As the SCV grows, both in population and as a choice location for a diverse set of business sectors, development sites like Honor Ranch have great potential to capture expected growth and further enhance the economic development of the area. 40 miles north of Downtown Los Angeles, the site’s two miles of I-5 freeway frontage offers abundant free way visibility with access from an exist ing interchange. The site’s generally flat topography is conducive to develop ment.Santa Clarita is ranked as the 13th Fastest Growing City in America in 2021 and this development has the poten tial to further grow the number of local high-quality jobs in the SCV. And with the numerous residential development projects underway here (21,500 alone at Fivepoint’s Valencia), our valley is well situated to meet the demand for jobs and housing alike! According to econo mist Dr. Mark Schniepp’s 2021 Economic Outlook, the majority of Santa Clarita Valley’s population growth is from people moving TO the SCV, and it’s not hard to imagine why! The Honor Ranch project can help provide economic and workforce development opportunities that growing regions like ours need to continue to thrive.
he Honor Ranch Site (Honor Ranch) is a potential develop ment located in a County-owned vacant lot in the Santa Clarita Valley. This 206-acre plot along the eastern edge of the I-5 (north of the Castaic Junction) offers an excellent opportu nity for a new jobs-creating develop ment. It consists of a large contiguous land area with high visibility and free wayTheaccess.location has been identified as a potential development site for years. A motion was introduced by 5th District Supervisor Kathryn Barger on June 14, 2022, that enters LA County into an ex clusive negotiation phase for the project. The “Honor Ranch Development Project” has now moved further in the process than ever before towards making this project a Trammellreality.Crow Company (TCC) was chosen as the preferred developer for a 1.8 million SF project consisting primarily of new industrial facilities. TCC will work closely with LA County Public Works on the pre-development phase, as well as negotiating a final agreement. Honor Ranch has great potential to bring more
Glendale 4.9% 4.3% 13.95%
SCV Avg. # of Days on Market (SF) 41 34 29
Industrial Space - as a % of Vacancy 89.82% 90.03% N/A
Economic DEvElopmEnt corporation
Jun ’22 May ‘22 Jun ’21
Los Angeles County 5.2% 4.5% 15.56%
California Resources Corp (CRC) 43.26 43.67 -0.94%
SCV Average Home Price 917,100 944,400 879,500
New Commercial/Industrial Building Permits 17 2 8 Commercial Tenent Improvements/Alterations 57 21 40
trial. § Personal injury claims § Wrongful death § Initial accident investigation and claims § Contribution and indemnification claims § Employment and hiring practices Jaion Chung, Partner Poole Shaff ery Santa Clarita 25350 Magic Mountain Parkway, Suite 250 | Santa Clarita, CA 91355
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