SANTA CLARITA VALLEY BUSINESS JOURNAL OFFICIAL PUBLICATION OF THE SCV CHAMBER OF COMMERCE SEPTEMBER 2022 VOL 14 • No SIGNALSCV.COM/BUSINESS9 Santa Clarita Stock Index Keller Butler Econowatch and More! Dr. Harleen Grewal Smiles Through Her Business
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 3
4 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022 12 COMPLACENCY IN THE WORKPLACE 8 Key steps for women to become strong leaders 6 NEW RULES OF BUSINESS 11 Moms killing it in the startup world 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&FEATURES8 Steps Women Can Take to Be Strong Leaders 9 Spotlight: Harleen Grewal, Skyline Smiles 11 How Moms Are Killing It in Startups 19 COC to Host Manufacturing Day 23 Uplifting Women in Business 23 Bri King has Served SCV for 23 Years 25 Who’s Telling Our Future’s Story? 29 Stock Exchange 30 Econowatch 22LIST Top Employers in the SCV FROM THE EXPERTS 6 Ken Keller: The New Rules of Business 12 Paul Raggio: Complacency – The Catalyst to Defeat 21 Paul Butler: Gratitude at Work 24 Jeff Prang: 2022 Assessment Roll — Santa Clarita SCV BUSINESS VOICES 5 Henry Mayo Newhall Hospital 7 Audiology Associates 10 SCV Economic Development Corp. 13 Pierson Wealth 20 Poole & Shaffery CHAMBER SPOTLIGHTS 14 Chamber News 15 Business Councils 16 Upcoming Events PUBLISHER Richard rbudman@signalscv.comBudman(661)287-5501 BUSINESS JOURNAL EDITOR Doña Uhrig SALES REPRESENTATIVES Maureen Daniels Jennifer BarbaraRamosWard September 2022 | Vol. 14 | No. 9
Join a sports league — like bowling or soft ball. Also, America’s fastest growing sport, Pickleball, offers a wealth of opportunities for meeting people and making friends.
SEPTEMBER 2022 5 SCV BUSINESS VOICES
Book it Life gets busy, and before you know it, weeks or months can go by without talking to family or friends. A solution? Schedule weekly reminders.
PATRICK MOODY Henry Mayo Newhall Hospital
Volunteer at a place of worship or an orga nization, program or cause you’re passionate about.
HOW TO STRENGTHEN YOUR SOCIAL TIES
At times, we all prefer to be alone—to take a long, contemplative walk or to sit quietly and enjoy the pleasures of a good book. But there’s also something to be said—a lot, actually—for spending time with other people.
Unplug away your smartphone or headphones when you’re out and about. It’s a lot easier to make connections when you focus on the faces in front of you and the conversations around you.
e’re social beings—we need others in our lives to thrive physically and emotionally. Discover ideas for wid ening your social circle.
Meet and greet your neighbors You’ve waved and smiled as you’ve walked or driven by. Next step: Stop and say hello. You might have a lot in common.
somewhat intimate.
Extend an invitation Is there someone you want to get to know better or spend more time with? Be the one to propose a social activity. For example, you might meet up for coffee, check out an art gallery or a museum exhibit, or take a walk, a bike ride or an exercise class together.
Attend events like book readings, lectures or concerts.Participate in hobby groups, civic clubs or service groups.
Having good friends and meaningful connec tions within our communities doesn’t just make us happy. It offers surprising wellness benefits. For starters, our social ties may help us feel less stressed, lonely and depressed. They may even help us lead happier, healthier and longer lives.
Would you like to make new friends orbuild better bonds with your current network? For ideas, consider these eight tips from the Ameri can Psychological Association and other experts:
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Eight Ways to Strengthen Social Ties
Be a joiner Getting involved in your community can be rewarding in its own right. You might meet people with similar interests. It depends on what you would like to do. Here are some ideas:
Be an interviewer One of the best ways to make or strengthen friendships? Show in terest in the other person›s thoughts and experiences.
Ask someone for help Everyone needs a help ing hand sometimes—whether that’s a ride to pick up a car from the mechanic or help moving a couch.
Open up to a new friend Sharing something personal about yourself (and vice versa) can help new friendships blossom. No need to spill your biggest secrets or most embarrassing moments. Just consider revealing something
The CEO cannot be afraid to raise pric es when increases are warranted. Given that everything from airfare to zoo tick ets have gone up, pricing versus costs need to be reviewed regularly. Focus on Gross Profit Margin maintenance.
Retain Your Best
Managers need to break the cycle of performing tasks and thinking that in terviewing people is a waste of time. Far from it. Investing in talking to candidates is the best use of any manager’s time. Make sure your managers are doing it and doing it correctly (legally).
In this employee market, even your best workers are going to be tempted to depart for more money, a bigger title, new responsibilities, a shorter commute, the ability to work from home, a casual dress code, better benefits.
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As the CEO, you must be proactive in dealing with this topic. Start by mak ing a list of those that you must retain, followed by a list of those that you wish (would be nice) to retain. And then, sit down with these individuals, one by one, and share the value they bring to the company and the team.
Always Be Recruiting
Every client I have is growing and struggling to find candidates to speak with about the openings they have. The CEO must lead the way by setting the example of having and showing the mindset to always be recruiting, always be talking to people.
Be Cost Vigilant
Ask about what more they want from their job and do your best to bridge the gap. Don’t say what you can’t do but be transparent about what you will do. Should someone depart, be sure you did everything you could to keep them on your team. Have no regrets when an “A” player leaves.
Zoom or Teams is great for some things, but nothing beats face-to-face meeting with clients or prospects. Most businesses are based on personal and professional relationships. Instead of trying to cut costs when it comes to meetings, insist that people from your company meet in person with those that pay the bills for your company. This provides a competitive advantage and demonstrates to those you are doing business with and those you want to do business with, that you are serious.
e’re coming out of a pandemic and sliding into a recession of unknown duration or depth.Myadvice is about the required tasks and the tone that every CEO needs to have as they learn The New Rules of Business, the 2022 edition.
You should be reviewing your strategic plan this month and start your opera tional planning for 2023 no later than early October.
The New Rules of Business — 2022 Edition
More Client Contact
Profit and loss statements are often filled with line-item expenses that are often arbitrary and unnecessary. Even
Get Ahead of the Calendar
KEN KELLER SCVBJ Contributing Writer
Raise Prices
Try something different; assign each expense line on your profit and loss to an individual. Make it part of their job description to oversee that specific ex pense and work with all your P&L lineitem managers to create a “cost savings incentive plan” where some of the sav ings are shared as a bonus.
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usual and customary expenses of utili ties and office supplies have a bad habit of increasing in cost simply because no one is paying attention, or maybe be cause no one cares!
Make a list of those employees you believe you must retain, followed by a list of those that you wish to retain. Then sit down with these individuals, one by one, and share the value they bring to the company and the team.
To schedule a hearing consultation, 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 Fer nando Valley. Visit our website at www.Audi ologyAssociates.net or stop by our NEW office located at 25425 Orchard Village Road, Ste 220, Santa Clarita, CA 91355.
We are hearing healthcare excellence!
SCV BUSINESS VOICES
DR. KEVIN BOLDER AuD, Audiology Associates
Using data collected from the National Health Interview Survey between 2015 and 2020, researchers examined accidental inju ries among adults. The results showed that those with hearing loss were twice as likely to experience an accidental injury whether it was at home, at work, in the car, or during a leisure activity.Itcan be assumed that if someone does not have their full hearing ability, it will be more
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One interesting thing note from the study is that those with minor hearing loss were more likely to experience accidental injuries than those with severe hearing loss. This suggests that those with severe hearing problems are more aware of their needs and are able to more easily identify when they may come across danger.
Is Your Hearing Loss Putting You at Risk?
The most important thing to do if you sus pect you have a problem with your hearing is to make an appointment with a hearing
healthcare specialist. They will help provide options for treatment and give you guidance on how to navigate life with hearing loss.
ntreated hearing loss has been known to be connected with a number of health conditions such as heart disease and depression, but a new study shows that accidental injury could be another health con cern to add to that list.
difficult for them to spot dangers. Ears are also related to balance. Hearing loss can create balance difficulties and has been associated with more incidences of falling, and therefore, more frequent hospitalization.
SEPTEMBER 2022 7
“In other words, we’re raising our girls to be perfect, and we’re raising our boys to be brave,” she said, Even when women are ambitious, the socialization of per fection often leads them to risk aversion, Saujani said.
While gender equality has made no table strides, female entrepreneurs still face challenges. Women in leadership roles often encounter more scrutiny, and are judged more harshly, than their male counterparts. In fact, women leaders often say they must work twice as hard to earn the same respect as men.
Key Steps Women Can Take to Be Strong Leaders
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Don’t miss out on opportunities that come your way Angie Hicks, co-founder and chief marketing officer of Angi (for merly Angie’s List), had to face her fears when she was approached about starting the now-national customer review ser vice as an introverted college graduate.
DID YOU KNOW?
In the past, many women have strug gled to find acceptance in the work place because of societal expectations and stereotypes. However, women have made enormous strides in several for merly male-dominated industries and are excelling in leadership roles.
See LEADERS, page 18
“My biggest challenge was combating the fact that I was really shy and quiet,” Hicks said at the inaugural American Express CEO BootCamp.
Recognize the fear, and do the hard thing anyway Devoreaux Walton, owner of Distinct Personal Branding, believes success is found outside our comfort zone but is often hindered by the fear of the“Everyunknown.successful entrepreneur and business leader did what they were afraid to do instead of just letting the fear rule in their personal and profes sional lives,” she said.
According to Walton, the best way to
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If a position resonates with their capa bilities and experience, women should throw their hats in the ring even if they don’t meet the job criteria 100%.
Why Women Leaders Should Leave Their Comfort Zones
BY MARCI MARTIN Special to the Business Journal
entirely capable of doing the work and then prove their merit during the inter viewHere’sprocess.what some experts have to say about the importance of women aiming high.
emale leaders are slowly but sure ly closing the gender gap. Follow these tips to carve out your path. Gender equality in the workplace has made strides, but women in leadership roles still encounter more scrutiny than their male counterparts.
this belief takes conscious effort. If a position resonates with their capabilities and experience, women should focus on the mindset that they’re
overcome fear is to acknowledge that fear is there but to do the thing that scares you anyway. If you’re too rigid, you could miss one of those serendipi tous “aha” moments that could inspire a creative solution or force a different approach.
The human resources, education, social services, healthcare and hospitality industries have the highest rates of women in leadership positions.
A commonly cited Hewlett-Packard study on internal hiring practices found that men often apply for a job when they meet 60% of the qualifications, but women apply only if they meet 100% of them.This finding implies that women sub consciously believe that if they don’t meet the job criteria exactly, they’re not suitable for the position and they won’t be considered. Because of this selfdoubt, they don’t throw their hat into theChangingring.
Women are socialized to be perfect Reshma Saujani, founder and CEO of Girls Who Code, said that while girls are taught to play it safe, smile pretty and get all As, boys are taught to play rough and swing high.
Women should embrace their natural leadership styles to bring about positive workplace culture shifts.
“You have to be so specific when you’re contouring those teeth and making somebody’s new smile,” Grewal elaborat ed. “You’re shade-matching, and molding things, and making one tooth look like the other. It’s a very artistic process.”
Grewal helped him build his practice. Then she helped her father-in-law build his pain management practice and sur gery center.
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In 2013, she finished, and for the next four years she got married, moved around a bit, worked with Pacific Dental Services, and in 2017, she and her hus band made a home in Santa Clarita near her husband’s family.
Holyoke, Massachusetts.
Skyline Smiles Founder and CEO Harleen Grewal. PHOTO BY CHRIS TORRES / THE SIGNAL
See SPOTLIGHT, page 26
But Grewal said she wanted to chal lenge herself further. Upon completing her schooling in 2011 at USC, she de cided she wanted to get into pediatric dentistry.Grewaldid her residency at the Lu theran Medical Center, which is now a New York University satellite location in
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 9
Harleen Grewal, founder of Skyline Smiles on La Madrid Drive in Santa Clarita, started her business in connec tion with the adjoining Mind Body Infu sion Med Spa, which she founded with her husband, Yuvyaj Grewal.
Unfortunately, as it happened to many others, as she was opening the doors, she ran head-on into the COVID-19 pan demic.“Ialways take whatever comes and make the most out of it,” she said in a recent interview. “So, what we did is we started doing COVID testing because I had to make money … I just thought, ‘How can I help people and make money at the same time?’ You can make money doing the right thing, right?”
“I honestly think it’s the best dental school in the world,” she said. “Every day, when I practice, I still remember all the things that were taught to me at USC dental school, and I implement those, and that’s what I’ve carried on for the last 15 years.”
er parents wanted her to be a doctor, a lawyer or an engineer. She said she liked the idea of be ing in the medical field.
BY MICHAEL PICARELLA Signal Staff Writer
Spotlight: Harleen Grewal Skyline Smiles
Grewal was born in England in 1983. When she was 10 years old, her parents moved the family to India because they wanted her and her brother to be raised in more of a “conservative, respectful society.”“Theysent me to a boarding school up in the Himalayas called the Sacred Heart School,” Grewal said. “It was in Dalhou sie — a Catholic boarding school, run by nuns from Belgium and Ireland. So, I had a fun education,” she added sarcastically. However, it was the allure of the Amer ican dream, which Grewal saw in mov ies as a kid, that ultimately brought her to the United States. Her dream was to create a successful business and help people at the same time; to be a doc tor, but to be an artist. Her love of biol ogy and art came together in the field of dentistry, she said.
Grewal learned dentistry in India. She went to dental school there between 2002 and 2008. Upon finishing, she did what she’d wanted to do for years and she came to America. But she couldn’t just become a dentist. She had to get American training, and so, she enrolled in USC’s School of Dentistry.
“In 2017, we moved here and I was pregnant with my first child,” Grewal said. “I quit doing dentistry because I didn’t want to be around the laughing gas — nitrous oxide.
“And my husband started his private practice, which is Advanced Center for Neurology and Headache (in Valencia). But he needed some help to get that running because he’s not a businessman.”
As the pandemic eases, companies appear optimistic about the next three years, with 55% responding that they anticipate strong to very strong growth. Just over one-quarter of compa nies plan to expand facilities in the Santa Clarita Valley, which supports the above-noted con cern about availability of industrial buildings. Of concern is that another 46% plan to expand but indicate that this will be in areas outside of the SCV. These locations are generally outside of California and related to the many frustrations expressed with the CA regulatory and tax en vironment. Businesses overwhelmingly feel the cumulative impact of California fees, taxes, and regulatory restrictions on their opportunities for growth. But they are also constrained by the limited supply of industrial space and ongoing issues with supply chain.
SCV BUSINESS VOICES 10 SEPTEMBER 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
outside of their control, such as housing costs and offers from other employers, leaders believe that what they can control – workplace culture – is the key. Respondents’ attention to building culture as they navigate new workplace expec tations of remote work and work-from-home flexibility takes on additional importance in this light. New attention to DEI issues is resulting in the majority of companies having DEI plans in place, although the majority (62%) of smaller companies did not have such plans in place.
Companies also recognize that the training and development they provide assists in recruit ing and retaining employees. Nonetheless, they see deficits in their ability to recruit workers with computer skills, specifically software develop ers and IT. SCVEDC will be hosting its Economic Outlook event, including a forecast for the SCV by economist Dr. Mark Schniepp on Sept. 9, 2022. For more information, visit www.scvedc. org/outlook.
SCV Business Survey: Company & Business Forecast
Despite this, companies anticipate that em ployment will remain stable, with very few in dicating that there will be closures or major staffing reductions in the next three years. As noted above, a lack of new industrial space is a concern for those companies that do intend to expand within the Santa Clarita Valley.
Among other topics, the survey asked companies about their future business outlook.
HOLLY SCHROEDER President & CEO of SCVEDC
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The most significant stressor for companies in the SCV, as in most places, is the ability to find workers. SCV’s ability to provide workers is criti cal to attracting and retaining companies and is cited as the most significant factor in location decisions.Atthetime of the survey, most companies viewed their workforce as stable, though many companies, especially manufacturers, noted increasing “wage wars” were leading to realtime wage and salary negotiations to retain employees.Whilemany of the factors that affect their abil ity to recruit and retain employees are largely
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.
How Moms Are Killing It in the Startup World
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 11
BY LESLEY PYLE Special to Business Journal
ome of the most suc cessful entrepreneurs out there are moms — they have plenty of ex perience multitasking and working on tight deadlines. In fact, at least four out of every 10 new businesses are started by moms.
Women in the Santa Clarita Valley mean business!
1. They are multitasking Beingpros.a mom means jug gling a lot and being good at it. If you’re looking to start your own business one day, chances are that multitask ing is going to be key to your success.Whenthinking about start ing a business, don’t discount your ability to juggle numer ous tasks at once — just be cause you have kids doesn’t mean you don’t have some serious skills in terms of time management and organiza tionalRemembertactics.that back in high school they told you multi
The Rise of the ‘Mompreneur’
One unique advantage moms have is their experi ence managing a team. Early
Thank you to all the incredible business owners and leaders who are making a difference, investing in their community, and pursuing their dreams.
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on, moms learn to juggle a household full of people who all have very different needs. This is invaluable when it comes to managing a startup team.Being able to build and maintain strong relation ships with team members
their own companies instead of taking the corporate route? Let’s take a look.
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tasking was impossible? They were wrong. And if there’s anyone who knows how to work well under pressure and think on their feet, it’s moms.
Moms are busy people. Between the kids, the house hold and the job, you can barely find time to squeeze in a shower. So, it makes sense that some of the most suc cessful entrepreneurs out there are moms
@SupervisorBarger @KathrynBarger @SupervisorKathrynBarger KathrynBarger.LACounty.gov
2. They are good at manag ing teams.
When compla cency exists within a team, defeat is right around the Complacencycorner.means satisfaction with oneself and the absence of a desire to grow. Synonyms are conceit, egotism, arrogance, pridefulness and self-impor tance.Ifyou’re a leader projecting compla cency, your team will mirror your be havior. The organizational culture will perpetuate minimalism … doing the least necessary to get by.
BY PAUL RAGGIO SCVBJ Contributing Writer
My squad humping through the Fort Ord hills wasn’t vigilant. We were com placent. We lacked self-awareness, and the darkness, our fatigue and our relax ation of standards led to our failure.
We anticipated enemy contact and had to navigate in the night by foot patrol over the Fort Ord densely wooded terrain and seize the objective by dawn. This mission was our culminat ing exercise in the monthslong training.
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Complacency abounds in our society as it does in many companies. You see it at the federal, state and local levels in all institutions: public and private, forprofit and nonprofit and religious and educational.Marriages, friendships and professional associations also experience its effect. Complacency’s ugly head is recogniz able by teams’ group thinking, accepting the status quo, bat tling change, lacking involvement, strug gling andthecommitment,ability,ty,evadingengagement,responsibiliavoidingaccountresistingdoingleasttogetbybeingunresponsive.
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t was my last summer in college, between my junior and senior years. I was at Reserve Officer Training Corps (ROTC) camp and the mission for the day was the seizure of hilltop 473 by our squad.
An hour later, we were back at our twenty-minute break location, and Whit ey’s snoring was the locator beacon to his whereabouts. As part of our training, the active-duty cadre purposely sleepdeprived us and Whitey felt its effects.
Imagine your organization’s productiv ity and output if you had vigilant leader ship at its helm. Inspired team members seek ways to contribute all their effort to accomplish the mission and remain loyal and engaged in achieving the vision. They mirror their leaders’ behaviors.
Vigilance is self-discipline. It’s not pas sive. You must be situationally aware and require your conscious actions to habituate and main tain. Little things like being on time, responsive, engag ing, thoughtful and bigger things like observing your sur roundings, purpose ful decision-making, establishing standards and holding people accountable are components of this discipline. And like any discipline, it can be taught and reinforced by adjoin ing team members. When your head isn’t in the game, a teammate rattles it and reorients you. Flourishing organizational cultures are vigilant!
We failed in our mission, and our squad was recycled and had to perform it again. Complacency led to our defeat, and forever more, I’ve recalled the les son to remain ever vigilant when leading teams.
Organizational structure, standards and accountability are lacking or nonex istent. Stakeholders question the organi zation’s impact and relevance. Soon the organization perishes unless there is a change at the top. Team cohesion melts — stagnation sets in and employee turn overVigilance,sky-rockets.onthe other hand, means being alertly watchful, mainly to avoid danger. Colloquially, your head is in the game. Synonyms are attentive, awake, observant and Organizationsopen-eyed.thatthrive have vigilant leaders who are alert for and drive out complacency. They inspire team mem bers, ego aside, to engage and commu nicate vertically and laterally, inside and outside the organization, who are bound to standards and accountable for their actions.
Our instructors taught us to pass the count from rear to front every few min utes so leaders know their squad is intact. This count was a standard. We didn’t. We would have discovered Whitey was taking a nap and not in the formation!
If you lead a company, and you or some of your employees are taking a nap, then you can be assured complacency is pres ent. Vigilance preserves the company’s integrity, starting with you, the leader. Followers mimic your behaviors and drive complacency out of the organiza tion. This is how you lead, think, plan, and act. Now, let’s get after it!
leader called Whitey to the front with the intent of maneuvering the M-60 in the most advantageous position. However, there was no Whitey. We did an about-face and started to backtrack our steps in pursuit of Whitey, our lost machine gunner.
Retired Col. Paul A. Raggio is co-owner, with his sister Lisa, of One True North INC Leadership and Business Coaching Solutions. For more information, visit onetruenorthcoach.com.
Our squad was motivated to succeed, and at 2000 hours, we started our quest. Whitey, a nickname for his surname White, armed with an M-60, was our machine gunner and rear guard, and my position was often lead scout. The rest of the ten-member patrol, strapped with M-16s, fell somewhere in between in the column formation. Our instructors con stantly reminded us that complacency was the catalyst to defeat, so remain vigilant.Wehad been humping for hours over hills and through a dense forest, and our squad leader decided to pause for a twenty-minute break. After the break, we moved out and continued our march towards the objective. Around midnight we arrived and started our pre-assault actions.Ourpatrol
Complacency — The Catalyst to Defeat
—whothatOrganizationsthrivehavevigilantleadersarealertforanddriveout—complacency.
Contact CEP, Founder
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Whether you are filling out beneficiary forms or determining if separate accounts are needed, it is important to work with a knowl edgeable financial advisor. For more insight and assistance on maximizing your charitable gifting, contact us at (661) 297-7566 or visit ment.com.www.PiersonWealthManage
Pierson Wealth Management is located at 28368 Constellation Rd., Ste. 396, Santa Clarita, CA 91355. 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 un der separate ownership from any other named entity. CA Insurance Lic# 0C92500.
Prosperity with Confidence
SEPTEMBER 2022 13 SCV BUSINESS VOICESSCV BUSINESS VOICES Are all the pieces of your financial future coordinated into one holistic plan?
don’t have to pay taxes. Con verting assets to a Roth IRA would cause you to pay in come taxes on the amount unnecessarily.
us today to 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,
1. Name the charity directly. This ensures that the distribu tion goes directly to the charity, avoiding the expense of pro bate. It also helps ensure the intended money isn’t consid ered as income to the estate of the deceased IRA owner.
Maximizing Charitable Gifts
IVY PIERSON Founder and Investment Advisor Representative Pierson Wealth Management
RAs are a popular vehicle for charitable donations as neither the IRA owner nor the charity pays income tax on the account. However, simple mistakes may cause beneficiaries grief. If you intend to name a charity as a ben eficiary, consider these factors to help maximize the amount gifted to the organization and additional account heirs.
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
For a comprehensive review of your personal situation, always consult with a tax or legal advi sor. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice.
3. Don’t convert assets that you’re leaving to a charitable organization. Because they are tax-exempt, the organizations
2. Set up a separate IRA account for the portion you plan on gifting. If the charity is listed on the same account as other beneficiaries and the charity’s allocated amount isn’t taken within the IRS’ required time frame, the living beneficiaries may need to take their distribu tions earlier than required.
MBA
“We encourage our entire business community to come and cel ebrate with us at our annual Hispanic Heritage Celebration and honor this year’s awardees,” stated Ivan Volschenk, President/CEO of the SCV Chamber.
“The last few years have taken a huge toll on everyone’s mental health,” stated Ivan Volschenk, President/CEO of the SCV Cham ber. “The SCV Chamber is proud to partner with our many health care industry members to provide this valuable forum to assist our entire business community. We know that a strong economy is dependent on a healthy workforce, and that includes mental health.”Theforum is open to all. Registration is open on the Chambers website at Sponsorshipswww.SCVChamber.com.detailsareavailable by contacting hello@scvcham ber.com.
Our Latino Business Alliance will celebrate Hispanic Heritage Month at its annual Hispanic Heritage Celebration Awards and Networking Reception on Wednesday, September 21, 2022 at 5:30 p.m. at Tesoro Adobe Historical Park. Every year, the Latino Busi ness Alliance kicks-off National Hispanic Heritage Month, which runs from September 15 to October 15, by appreciating the Latino community and its contributions to the Santa Clarita Valley.
The SCV Chamber also welcomes back Sand Canyon as Title Sponsor. Additional sponsors include, Bank of America Commeri cal, Chiquita Canyon, City of Santa Clarita, Dignity Memorial, FivePoint, Northeast Valley Health Corporation, Premier Ameri ca Credit Union, Southern California Edison, Supervisor Kathryn Barger, and UCLA Health. Sponsorships are currently available and can be requested by emailing hello@scvchamber.com. Tickets are available for purchase on the SCV Chambers website.
The LBA works to promote Latino-owned businesses as well as enhance a company’s efforts with Latino customers and business es. The SCV Chamber strongly believes a growing Latino popula tion is a vital part of our diverse and expanding business commu nity. The SCV Chamber understand the importance in providing assistance and support for Latino-owned businesses and working with our members on how to best market to the Latino commu nity.
“Concerns of employee mental health is one of the most asked questions we receive from employers,” said Dr. Christian Raigosa, Chair of the SCV Chamber Board. “There can be a stigma around mental health issues, but the reality is that everyone faces mental health challenges at some point. Employers are finding that in this post-pandemic world, supporting their employees through these mental health challenges is more critical than ever.”
We are pleased to announce the return of our in person Health care Forum. This year we will be addressing one of the most asked about health-related issues in business, mental health in the work place.The forum, designed by local leading healthcare professionals is will take place on Thursday, October 13 at 8 a.m. in Top Shelf at The Cube. The lead discussion of this year’s forum will be cen tered around mental health in the workplace.
Hispanic Heritage CelebrationSeptember 21
“Latino Americans continue to contribute to the prosperity and culture of the United States and the Santa Clarita Valley,” stated Liz Seelman, Chair of the Latino Business Alliance. “We are proud to once again host our annual celebration to network and honor the achievements of Latino businesses in the Santa Clarita Valley.”
14 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022
4th Annual Healthcare Forum
The forum is structured to be a working breakfast and will cov er topics such as the economic cost on employers and discussion on how employers can best support their employees dealing with mental health issues. Medical professionals will provide practical and medically driven solutions to help foster the best working en vironment as employees return to work.
This year, the Latino Business Alliance is pleased to honor Frank Oviedo with the Community Leader award and Henry Rodriguez State Farm Agency for Business of the Year. The celebration will include a networking reception with food and drinks, followed by a short presentation and dancing.
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.
PATRICK MOODY - Henry Mayo Newhall Hospital
DI THOMPSON - THOMPSON REALTY ADVISORS
DENNIS VERNER - Burrtec
Tom COLE - City of Santa Clarita
LATINO BUSINESS ALLIANCE
BOARD OF DIRECTORS
ROCHELLE SILSBEE - Southern California Edison
Smallbusinesses.Businesses
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.
HUNT BRALY - Poole Shaffery, LLP
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.
BECKI ROBB - Princess Cruises
DR. DIANNE VAN HOOK - College of the Canyons
ANDREA DE LA CERDA - Scorpion
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.
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;
BLACK BUSINESS COUNCIL
TROY HOOPER - Kiwi Hospitality Partners
NON-PROFIT
G. JESSE SMITH - California Institute of the Arts
DAN REVETTO - AT&T
Michael Grisanti - Hedman Partners, LLP
JOHN VANCE - Vance Wealth
LINDSAY SCHLICK - SchlickArt Video & Photography
GOVERNMENT AFFAIRS
NEXTSCV
EXECUTIVE COMMITTEE
MARISOL ESPINOZA - Southern California Gas Company
STEVE COLE - SCV Water Agency
DR. IZU OKPARA- Omni Wound Physicians
HENRY RODRIGUEZ - State Farm Insurance
CHRIS SCHRAGE - LBW Insurance Financial Services
KARINA WINKLER - Holiday Inn Express BUSINESS COUNCILS
CHAIR OF THE BOARD
SMALL BUSINESS
DR. CHRIS RAIGOSA - Kaiser Permanente
KAREN BRYDEN - SCV Locations
Board2022 Directorsof
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
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.
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 15
SANDY SANCHEZ - FivePoint
ANDREA CARPENTER - Logix
MATT DIERCKMAN - Colliers International
October 9 | 8:00 am
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 are
Our annual Healthcare Forum is back in person!
4th Annual Healthcare Forum - Mental Health October 13 | 8:00 am
Lunch will be provided thanks to the SCVEDC.
Government Affairs Council
Emailsuccessful.hello@scvchamber.com
Start practicing your swing for the chance to hit a hole-in-one and win a brand new Mercedes Benz!
UPCOMING EVENTS
The BFF seeks out and provides immediate support to those in a crisis or hardship situations, and who struggle to find assis tance elsewhere. The BFF is positioned to act quickly to provide support in the case of a fire, a natural disaster or serious illness. The BFF will provide financial aid and other resources to move individuals through hardship and move forward. When disaster strikes, the BFF will be there!
Meet the leaders of the BFF, SCV’s newest charity.
October 19 | 5:30 pm
Oak Tree Golf Classic
We will also discuss the latest nonprofit news in SCV and new resources from the SCV Chamber.
discussion about how the BFF can fill in gaps for individuals in need who are served by SCV charities.
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.
This year we will be addressing mental health, including the financial burdens borne by businesses dealing with workforce mental health challenges, and a panel discussion on how best to support employees dealing with mental health issues.
The BFF is working with COC’s Culinary Institute to provide cooking essentials such as smocks, knives, and shoes so that un derserved students in the program. The BFF is filling in the gap where other funding sources don’t qualify. Similar support initia tives with seniors, veterans, foster youth, and women are under development.Joinusfora
If you are interested in sponsorsing, please email hello@scv chamber.com.
September 14 | 10:30 am
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.
to find out how to attend or sub mit an issue you are facing.
To find out more information about these events or any other upcoming programming and to register go to:SeptemberHispanicwww.SCVChamber.com/EventsHeritageCelebration21|5:30pm
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.
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!
Non-Profit Council Lunch - Meet the leaders of BFF, SCV’s Newest Charity
The working breakfast will be held at Top Shelf at The Cube. Everyone is encouraghed to attend and learn more on this im portant topic.
September 14 | 12:30 pm
16 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022
Business After Hours Mixer at MB2 Entertainment
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 17
“I have noticed that if you act like there’s equality in the workplace, then there will be,” Stephenson said.
LEADERS
Paula Stephenson, director of market ing at Smoke’s Poutinerie, says if women want to be viewed as equal in the work place, they must stand their ground and demand the respect they deserve — and it starts by behaving as if the gap has been closed.
Women Should Embrace Their Natural Leadership Styles
DID YOU KNOW?
Fight For a Mindset of Equality as Reality
18 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022
Emily He, former chief marketing offi cer at Saba Software and now corporate vice president of business applications marketing at Microsoft, discovered that women are driven more by intrinsic mo tivations about work than by what their jobs or employers demand from them.
As people work toward gender equality in their workplaces, the gender gap will close over time. Companies have a better chance of thriving when they incorpo rate various leadership styles, including what’s seen as traditionally feminine or masculine.“Thebigchallenge is to keep our per spectives top of mind in conversations at the corporate level — and also among family and friends — so the mindset shift can happen,” Attuy said. “Be resilient that change will come.”
See STEPS FOR WOMEN, page 28
“In starting a business, you have to get out and talk to people. I was doing doorto-door [subscription] sales, which was the last thing I ever thought I would do.” Leaving her comfort levels paved the way for Hicks to take advantage of op portunities that never would have arisen otherwise.“Don’tmiss out on opportunities that come your way,” she said. “Put yourself in a position to have those opportuni ties; know when one is facing you, and take it.”
Positive workplace culture shifts, in cluding improved employee retention and better cooperation, can occur when women bring these intrinsic strengths to their teams and businesses. Most impor tant, the next generation of leaders of all genders can move forward with enlight ened perspectives.
That’s not to say people should pretend inequality doesn’t exist. Acknowledging the need for change is essential, but our actions and attitudes in the workplace are critical. Encourage yourself and oth ers, and don’t let perceived detriments rule the day.
“Therefore, they’re more likely to ap proach their careers in a self-reflective way and value factors such as meaning, purpose, connection with co-workers and work-life integration.”
A study conducted by the Pew Re search Center found that in 2020, women earned 84% of what men earned based on an analysis of the median hourly wage for both part-time and fulltime work. Similarly, a 2020 U.S. Census Bureau study on full-time wage data found that women earned 83% of what menManyearned.women have felt the effects of the gender gap during their careers, whether through a pay dispute, a lost promotion or snide comments from coworkers. Even if your work environment champions equality, it’s not uncommon to encounter people who have faced some kind of discrimination, subtle or not, because of their gender.
“In contrast to men, who tend to be ca reer-centric and want to maximize their financial return from work, women view work more holistically, as a component of their overall life plan,” he said.
For women entering the workforce, Attuy recommended leading by example while being open, supportive and collab orative. Look for, bond with and become a mentor and role model for other wom en. Advancements such as the #MeToo movement have ignited discussions, but there are still many barriers to over come.While every individual is different, at tributes typically assigned to women can be significant differentiators as leader ship qualities in the workplace. Women can help others set goals and attain them, emphasize teamwork, and invest time in training, mentoring and personal development.
Continued from page 8
Women can help others set goals and attain them, emphasize teamwork and invest time in training, mentoring and personal development.
“Being a working mom in the corporate world is a daily challenge,” said Mayra Attuy, a marketing executive. Despite the struggle to find a positive work-life bal ance, she considers her proudest profes sional moment to be when she returned from maternity leave. She believes her simultaneous personal and career suc cess has made her a stronger marketer.
Even though we’re faced with the real ity of gender inequality on the news, on social media and through personal ex perience, one expert says women should remain steadfast and optimistic.
—Teresa Todd
needed to launch well-paying careers in this fast-growing field.
ward, Lief Labs, Bay Center and other leading manufac turingAttendeescompanies.willget a firsthand look at some of the new equipment COC will be using in the Advanced Technology Center (ATC), a new facility that will offer hands-on train ing to students and existing manufacturing profession als and help them grow their careers.Therapid growth in indus trial automation and ad vanced technology—as well as its focus on “Industry 4.0” and an aging work force population in these gelesjobsthattiveandniestoandtenance,technologies,ing/fabrication,precisiongrowthandthenologies,rication,ing,materialmachiningmanufacturing/computerizedgratedincluding:structureessentialersforthetries—hasinduscreatedurgentneedskilledworkinseveralinfrasectors,inteadvanced(CNC),welding/joining,roboticweldintegratedpersonalfabconstructiontechandintegrationwithInternetofThings(IoT).Aswelooktowards2023beyond,thesectorswithpotentialsuchas,CNCmachining,weldconstructionindustrialmainautomation,roboticsmechatronicsarecriticalenableCaliforniacompatoremaincompetitiverelevantintheirrespecsectors.Economicforecastsshowofthemorethan500,000willbeaddedinLosAnCountybetween2020
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 19
The event will feature a panel dis cussion with leading experts, plus an opportunity to get a sneak peek at the equipment students will be trained to use in our Advanced Technology Center.During the panel discussion, local business leaders and national industry partners will discuss new technological trends and career opportuni ties, plus share how young people can get their foot in the door and gain experience that leads to a career.
DR. DIANNE G. VAN HOOK Chancellor, College of the TCanyonsechnology
is rapidly formingtrans the skillsinleadingtheandturingmanufacindustry,CollegeofCanyonsisthewayprovidingtheandtraining
To help prospective stu dents and their families get an inside look at the emerging oppor tunities, College of the Canyons will host PerformingthefromThursday,facturingManuDayonOct.66-8p.m.inSantaClaritaArtsCenter.
COC to ManufacturingHost Day T E R E S A TODD Vote TERESA TODD on Nov. 8th for strong District,Unioninandstudentcommunityleadership,values,advocacy,qualityeducationtheWilliamS.HartHighSchoolArea3. HARTBusinessEducatorParentCommitmentExperienceLeadershipTodd4Hart.comOwnerSCHOOLI’m“Let’sBOARDtalk…listening.”
See COC, page 27 PerformingThursday,ManufacturingDayOct.66-8p.m.SantaClaritaArtsCenter.
After the panel discussion, there will be an interactive question and answer session, followed by demonstrations in the PAC lobby. Attendees will have a chance to talk with panel members from Northrop Grumman, Wood
eral Act
C
See PAGA, page 27
alifornia’s Private At Gentorneys
Supreme Court held that arbitration agreements apply to employee claims brought under PAGA, and that individ ualized PAGA claims may be compelled to arbitration (see Viking River Cruises v. Mori ana,. The U.S. Supreme Court also held that an individual whose PAGA claims are com pelled to individual arbitra tion loses standing to main tain any non-individual PAGA claims. In other words, com pelling the arbitration of an individual PAGA representa tive’s PAGA claims also results in the dismissal of the repre sentative PAGA claims. Thus, a valid arbitration agreement can now be used to not only compel the plaintiff’s individ ual PAGA claim to arbitration,
Arbitration Agreements Apply to Individual PAGA Claims
but also to dismiss the “nonindividual” PAGA claim. This is an impactunfortunatelyingfriendlyantiveWhileportionmissalwhichclaimscompelledtioneestionsnumberhaveemployersdevelopmentencouragingforCaliforniaespecially,astheyfacedanincreasingofcostlyPAGAacinrecentyears.EmploywithenforceablearbitraagreementsmaynowbetoarbitratePAGAonanindividualbasis,wouldresultinthedisofthenon-individualofanyPAGAaction.thisrepresentsaposiimpactforemployersinincreasinglyemployee-state,thereasonbehindthedecisionmayresultinthatbeingdiminished.Asitcurrentlystands,PAGA
20 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022
does not have a mechanism for group claims when the individual who sued is com pelled into individual arbitra tion. Since there is no mecha nism in PAGA that provides standing for an arbitration plaintiff to pursue represen tative claims for others, the U.S. Supreme Court conclud ed that the plaintiff’s non-in dividual representative claims had to be dismissed when she was compelled to arbitra tion. However, in so doing, the Court essentially invited California’s legislature to cre ate such a mechanism. Thus, California’s legislature could and likely will propose an amendment to PAGA to allow for representative claims to
recoverlawsuitsployeesaggrievedauthorizes(PAGA)emtofiletocivilpenalties on behalf of themselves, other employees and the State of California for Labor Code violations. Enacted in 2004, the purpose of PAGA was to increase enforcement of the Labor Code by allowing citizens to privately enforce the Labor Code on behalf of theOnState.June 15, 2022, the U.S.
BY NADER S. SABAWI, ESQ. Poole & Shaffery
Gratitude is a glue that bonds people together.
These are the employees who respond well if they’re treated well by others. The problem with the Fickle Responders is, their response can change if they’re not treated well by others. They’re very reactionary — one day they’re all fired up because of the external stimuli and then on another day they’re caustic, cynical and callous because the wind changed direction.Youcan tell a Fickle Responder by the language they use. They’ll talk favorably about one leader and how they’re better than their old leader. They’ll bad-mouth a colleague because they’re not as effec tive as someone they worked with previ ously. The Fickle Responders have favor
F
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 21
3. The Eternally Grateful:
The Great Ungrateful are the folks who believe their labor is worth much more than what they’re being paid for and so, often just do what needs doing to get by at work. The Great Ungrateful put in minimum effort and yet expects maxi mum rewards from their employer. The Great Ungrateful always suspect they’re being taken advantage of and stew in a state of constant suspicion that some one, somewhere has it better.
1. The Great Ungrateful
2. The Fickle Responders:
I learned two important lessons while serving at the camp with my wife. Firstly — always wear sun screen. Just because its thirty degrees cooler up there and overcast doesn’t mean the same fiery sun that burns in Santa Clarita isn’t putting down some pretty hefty rays just off the Ventura highway.Secondly, and a little more profound — gratitude is a glue that bonds people together.Thechildren who visit the summer camp every year and are always so grateful for all of the effort we put in to make it a wonderful experience for each of them. These are children between the ages of 7 and 11 who’ve been let down by adults who should have loved them the most. We’re all volunteers who serve as camp counselors. I can see the gratitude in the shining eyes of the children and fosterLikewiseparents.I’ve noticed how the volun teers are grateful for each other — it’s the common cause that draws us to be of service primarily to the children and secondarily, to each other. If gratitude was a food group we were most certainly well nourished this past Saturday. Relating this concept to the real world of work, I’ve noticed there appears to be three types of people when we peer through the workplace window. Lets take a look inside.
Have you ever worked alongside the Great Ungrateful in the workplace? Have you ever had to supervise them? Ever been served by them as a customer? What did that look like, feel like, sound like? I’ve noticed the Great Ungrate ful always seem to have a chip on their shoulder — they always seem to think someone has it in for them or that
The Eternally Grateful are such great people to be served by as a customer — they exhibit genuine zest and verve for the work they do each and every day. The Eternally Grateful make excel lent colleagues as they always want to go the extra mile—they know how their partnership with their internal customer directly impacts their external customer.
Sadly, The Eternally Grateful are a very small part of the working population. In terestingly, in the Gallup poll of 2022 the word “grateful” was an adjective selected by less than 8% of the surveyed popula tion, when asked to describe their re sponse to their employer and the orga nization kind enough to put money into their bank account every two weeks, in the form of a paycheck.
So, let’s all recommit to two important and timeless principles: firstly, be grate ful and secondly, wear sunscreen.
BY PAUL BUTLER SCVBJ Contributing Writer
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.
Going the Extra Mile — Gratitude At Work
ites and exhibit many micro-inequities. One day you might be on their “nice list” and now you’re on their “naughty list” and you wonder what changed.
they’re being hard done by. You always get the sense they think someone is tak ing advantage of them.
or the last six years my wife and I have served as vol unteers at a summer camp for children in the foster care system. This year we were up in beauti ful Ojai.
City of Santa Clarita 811 Ken Striplin City Manager 23920 Valencia Blvd., 91355
Q2 Solutions 393 Brian O'Dwyer CEO and Founder 26829-27049 Tourney Rd, Valencia, 91355
Woodward HRT, Inc 721 Thomas Gendron CEO 25200 Rye Canyon Rd, Santa Clarita, 91355
U.S. Postal Service 1414 Multiple Locations, Santa Clarita
College of the Canyons 1535 Dianne G. Van Hook Chancellor 26455 Rockwell Canyon Rd., Santa Clarita, 91355
TA Aerospace 270
B & B Manufacturing 240
Boston Scientific 875 Maulik Nanvaty Senior Vice President 25155 Rye Canyon Loop, Valencia, 91355
AMS Fulfillment 367 Jay Catlin CEO 29010 Commerce Center Dr, Valencia, 91355
Forrest Machining Inc 232
ASC Process Systems 226
Fralock Corp 200
Wesco Airfract 375 Todd Renehan CEO 24911 Avenue Standord, Valencia, 91355
Henry Mayo Newhall Hospital 1917 Roger Seaver CEO 23845 McBean Pkwy., Valencia, 91355
Pharmavite 345 Doug MacLean CEO 28355 Witherspoon Pkwy., Valencia, 91355
Costco Wholesale 302 18649 Via Princesa, Santa Clarita, 91387
Newhall School District 715 Jeff Pelzel Superintendent 25375 Orchard Village Road, Suite 200, Valencia, 91355
Walmart 450 Multiple Locations, Santa Clarita
Castaic Union School District 248
William S. Hart School District 1641 Mike Kulman Superintendent 21380 Centre Pointe Pkwy., Santa Clarita, 91355
Saugus Union School District 1254 Colleen Hawkins Superintendent 24930 Avenue Stanford, Santa Clarita, 91355
Amazon 580 Multiple Locations, Santa Clarita
ITT Aerospace Corporation 360 Luca Savi CEO 28150 Industry Dr, Valencia, 91355
Advanced Bionics 548 Victoria Carr-Brendel Group Vice President 28515 Westinghouse Place, Valencia, 91355
McDonald's 291 Jay Schutz Owner/Operator 26370 Diamond Place, Suite 500, Santa Clarita, 91350 Gary Horton President 28447 Witherspoon Parkway, Valencia,91355 Carol Marinello President 28065 Franklin Pkwy, Valencia, 91355 Steve Doyle Superintendent 28131 Livingston Ave., Valencia, CA 91355 Fred Duncan President 27940 Beale Ct, Valencia, 91355 Jim Snell President & CEO 27911 Franklin Pkwy, Valencia, 91355 Joanne Cutler CEO 27756 Avenue Mentry, Valencia, 91355 Dave Mason President & CEO 28402 Livingston Ave, Valencia, 91355 John Marshall General Manager 25540 Rye Canyon Rd, Valencia, CA 91355 Gary R. Martin President 27234 Bouquet Canyon Rd, Santa Clarita, 91350 Myles McNamara President/Owner 23900 Lyons Ave, Santa Clarita, 91321 Scott Tucker CEO 28525 Industry Dr, Valencia, 91355 Todd Cushman CEO 2510 Rye Canyon Loop, Valencia, 91355
Master's University 755 Sam Horn President 21726 Placerita Canyon, Santa Clarita, 91355
Contractor's Wardrobe 473 Greg Mullen Plant Maanger 26121 Avenue Hall, Valencia, 91355
Bioness 200
Princess Cruises 1308 Jan Swartz President 24305 Town Center Drive, Valencia, 91355
Quest Diagnostics 608 Cristen Farrell Senior HR Business Partner 27027 Tourney Rd, Valencia, 91355
Stay Green Inc. 400 Chris Angelo President & CEO 26415 Summit Circle, Santa Clarita, 91350
Auto Nation 400 Mark LeCompte General Manager 23649 Valencia Blvd., Valencia, 91355
Shield Healthcare 233
22 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022
The List: T op E mploy E rs I n T h E s CV
Scorpion Internet Marketing and Design 601 Rustin Kretz CEO and Founder 27750 Entertainment Drive, Valencia, 91355
California Institute of the Arts 600 Ravi Rajan President 24700 McBean Pkwy., Valencia, 91355
Kaiser Permanente 384 Multiple Locations, Santa Clarita Gothic Landscape 380 Jon & Rob Georgio CEO 27413 Tourney Rd. Suite 200, Valencia, 91355
Six Flags Magic Mountain 1900 Donald McCoy President 26101 Magic Mountain Pkwy., Valencia, 91355
Landscape Development, Inc. 280
Aerospace Dynamics International 213
Bocchi Laboratories 365 Joe Pender President 26421 Ruether Ave., Valencia, 91355
SCV Water 202
NAME # employees contact title address
Comfort Keepers 202
That’s why the Los Angeles County De partment of Consumer and Business Af fairs launched the Community Business Enterprise (CBE) program. CBE is tailor made for women-owned businesses, as well as businesses owned by minorities, veterans with disabilities, and those who are otherwise disadvantaged.
consultant services, custodial services, building maintenance, environmental services, building construction services, and much more. For more information, visit accessmissconnectionsworkshops,workinghave15enceticipant,businesspanddoorsandbusiness-enterprisedcba.lacounty.gov/community-togetthedetailsapplyforcertification.CBEopensthatwillultimatelyhelpyouexyourbusiness!TherearemanybenefitsofdoingwiththeCountyasaCBEparincludinga15%pricepreferwhenbidding,promptpaywithindaysofwhenthegoodsorservicesbeendelivered,VIPaccesstonetevents,invitationstospecialtyandgreatexposuretonewthroughourdatabase.Don’tthischancetogetthesupportandthat’savailabletoyou.
are the backbone of a strong community.
power businesses to flourish, not get in the way of their growth, autonomy, and success. The Board of Supervisors has adopted policies and approved funding for programs that specifically support diverse business owners. For example, a minimum of 25% of County contracts must be awarded to small businesses.
B
BDistrictusinesses
As your Los Angeles County Supervisor, it’s my duty to foster an environment where businesses of all sizes can thrive. I believe local government should em
and family-owned business, her goal is to make certain that every client, no matter their budget or timeline, is treated like family and never a reflection of a profit margin or bottom line. When you choose to work with PRIME Real Estate and Bri King & Associates you are truly part of the family! They encour age you to stop by their new location at 24300 Town Cen ter Drive Suite 105 in Valencia and say hello!
Bri King, Real Estate Bro ker, PRIME REAL ESTATE, PC, (661) 433.4485
If you’re eligible, consider joining the CBE program to register as a Commu nity Business Enterprise. Your business will be included in the County’s CBE list ing, which many County departments, public agencies, and private sector con tractors use to connect and collaborate with businesses. The County buys a wide variety of goods and services, including
ri King is not just any Real Estate Broker, she is a LIFETIME Santa Clarita Valley resident, Sau gus High School graduate, and COC Alumni.
Santa Clarita’s residents for more than 23 years. She has been a party to more than 2,500 Real Estate transactions and is proud to be considered a trusted local area expert! Bri has set hundreds of record sales prices because she truly exudes the excitement and passion for our community that our residents deserve! Bri has watched our valley grow and prides herself on main taining genuine relationships with local families and busi ness
Bri King has proudly served
Bri King worked for large corporate brokerages for many years and recently was inspired to open Prime Real Estate PC here on Town Cen ter Drive! As a small, women
Uplifting Women in Business
OPENING A NEW BUSINESS? THE SIGNAL CAN HELP! We will help you publish your Fictictious Business Name or D.B.A. If you have already filed with the County Clerk, we can publish immediately. We are adjudicated for LOS ANGELES COUNTY. FOR MORE INFO, PLEASE CALL: (661) 287-5508 dba@signalscv.com
Bri King has Served Residents for 23 Years
In the Santa Clarita Valley, our diverse array of businesses represents the very best of who we are, and there is a lot to be proud of as we cel ebrate the efforts of many extraordi nary women at the helm! When more women follow their dreams of running a business, it creates a ripple effect. Their dedication encourages the next generation to envision even more pos sibilities and blaze trails of their own. Thank you to all the smart, strong, and capable women in our community who are setting a powerful example.
To learn more about other County initiatives underway, connect with my office at KathrynBarger.LACounty.gov or on Facebook, Twitter, or Instagram.
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 23
her family-oriented, down to earth approach to Real Estate by adding a few of the finest local Realtors to her team! Bri King & Associates is a group of local agents who live, work and play here too! They put their heart and soul into help ing buyers and sellers accom plish their Real Estate goals according to what is in the client’s very best interest!
BY SUPERVISOR KATHRYN BARGER
Overowners!thelast 7 years, Bri has organically expanded
Being voted as The Best Real Estate Agent of Santa Clarita 2022 is incredibly humbling to Bri as she fondly recalls her parents reading The Signal each weekend as a child! As a mom of four sons, she is proud to carry on the tradi tion and inspire them to be the best in everything they do!
Los Angeles County’s 5th Supervisorial
The Roll for 2022 has been closed as of June 30 and it re flects growth for Santa Clar ita as well as the rest of the County.Firstoff, 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. As I men tioned, I am constitutional ly mandated to close the Roll by the end of the Fiscal Year on June 30. As a point of ref erence, my Fiscal Year runs from July 1 to June 30.
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.
property taxes that pay for our vital public services: The Assess ment Roll. In fact, it’s a Con stitutional mandate.
Some basics The Roll, as it is known, contains the as sessed value of all real estate and business personal prop erty in the County’s 88 cities along with the unincorporat ed areas. It also breaks down the number of single-fami ly residential homes, apart ments and commercial-in dustrial parcels.
24 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022
I am pleased to announce that the 2022 Assessment Roll has a total net value of $1.89 trillion, indicating the 12th year of consecutive growth. The 2022 Roll also grew by $122.38 billion (or 6.9%) over 2021. That value places near ly $19 billion to be used for those public services I just mentioned.Locally,Santa Clarita for 2022 came in at $41.35 bil lion for taxable values, which is a 7.7% increase over last year’s numbers. That includes 63,904 single-family homes, 491 apartment complexes, 4,651 commercial-industri
al parcels for a grand total of 69,046 taxable proper ties. Yes, it’s a solid growth at $41.35 billion.
This year’s Roll comprises 2.58 million real estate par cels as well as business as sessments countywide. That includes 1.89 million singlefamily homes, 250,000 apart ment complexes, 248,000 commercial and industri
t’s that time of year again that my of fice under takes its worklaysfiscalfunctionimportantmostoftheyearthatthegroundforthevery
The Roll for 2022 has been closed as of June 30 and it reflects growth for Santa Clarita as well as the rest of the County.
Los Angeles County Assessor Jeff Prang has been in office since 2014, was re-elected in 2018 and 2022. 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 and provides the foundation for a property tax system that generates nearly $19 billion annually.
The 2022 Assessment Roll, Santa Clarita
I
BY JEFF PRANG Los Angeles County Assessor
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 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
Finally,billion.as we move forward during this critical period, I wish for everybody to stay safe and heathy. This is a tu multuous time in our history.
Inclusion at every touchpoint in a student’s life matters. That is why it’s important to elect community repre sentatives that have the singular focus that every child matters. And while suc cess may be defined differently, there should be no distinction between who can achieve, accomplish, and thrive in our educational system. “Every student; opportunity ready” as the Hart District’s strategic plan motto states.
Of course, it takes time to master prioritizing tasks and setting deadlines when jug gling work and family com mitments. But with practice and dedication, moms can use this skill in an entrepreneurial setting just as easily as they do at home.
3. Moms can stick to a bud get.
Fewdiffer.institutions have more power in determining what this country will become than our schools. In the Santa Clarita Valley, schools have consistently ranked as top scoring in the state and nation. Public schools remain the foun dation for education in the community.
afforded the rare opportunity to have access into the classroom. A first-hand look; a front row seat. And now in the wake of the pandemic, parents want to remain involved, have a voice, be heard, and stay in the know.
is an important component of success in any business, and being able to do so while wearing more than one hat at once is pretty rare.
4. Mompreneurs are great at Whetherprioritizing.you’re an entre preneur at heart or are look ing to make a career transi tion, prioritizing is one skill that all successful moms possess.Whenjuggling countless responsibilities and tasks, pri oritizing becomes an essential part of your daily life. You
Who’s Telling Our Future’s Story?
there are some perks to being an entrepreneur), mom en trepreneurs are notorious for saving money in other ways.
Do a bit of research. As your mailboxes flood with campaign mailers and yard
P
If you’re running a business out of your home, you know how hard it can be to stick to a budget — especially if there are kids and other family members who live with you. But even if you’re not paying rent or a mortgage (and yes,
Community involvement, parental inclusion, committed teachers, staff and administrators, along with resources dedicated to the success of all students has always made Santa Clarita a great place to live.
Now there’s a need to return to nor malcy.Thehigh school district and several elementary school districts have impor tant elections on the Nov. 8th ballot with both incumbents and challengers vying for the vote of their respective constitu encies. Before you cast your ballot, learn who the candidates are and what they represent. Elect trustees who are com mitted to the job of governance and who reflect the values of the community.
A healthy work-life balance
need to know what is most important, what can wait until later and where you can cut corners. And once you be come a mom, this can be ap plied to almost every aspect of your day — even something as simple as getting dinner on the table in a timely manner.
Many of today’s moms have learned to balance time with their kids and their screens. And that approach has helped them become more produc tive and innovative at work.
is one where you don’t con stantly feel like you have to be working, but you know what your priorities are and how to take care of yourself.
So, if it means leaving your kid with a family member for an hour so you can get some uninterrupted focus time — and then once an hour recon necting with your child — that can actually help keep both things (work and life) going well.Basically, moms are learning everything they need to run a successful business by raising a family. From learning how to maintain a budget to pri oritizing their tasks, stay-athome moms are taking over the business world. Plus, in a time where most people work remotely, moms are gaining an advantage as they stay at home with their families.
If you’re searching for can didates with entrepreneurial experience who are willing to take on a larger role in management, consider giv ing serious consideration to mompreneurs.They’llnotonly contribute talent, but “know-how,” too.
There’s nothing like parent hood to show us what things are truly important and it’s not necessarily designer clothing or big fancy houses. Saying no to a more expensive brand name to find some thing that fits better into the budget is a daily occurrence for moms, and they can apply those skills to their work.
Without question, the past two years were difficult for students, families, teachers and support staff. No one wants a repeat of those early days.
BY TERESA TODD Special to the Business Journal
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 25
arents and teachers have shared responsibility for educating and imparting knowledge to young minds by demonstrating new concepts and guided study, often through the art of storytelling. Public Relations is much the same though the audience may
Teresa Todd is a candidate for the Wil liam S. Hart Union High School District, Trustee Area 3, and a former school board member and adjunct professor. She holds dual Master’s degrees in Business Admin istration and Strategic Public Relations, and a Masters in Governance by the Cali fornia School Boards Association. Todd is founder of Point of View Communica tions, a Santa Clarita public relations, advertising, and strategic communica tions agency, and first public information officer of the Hart District.
Continued from page 11
But there was a silver lining that devel oped for many parents of school-aged children. Sharing physical space during stay-at-home orders, many parents were
signs remind you who is running, take the time to study the candidates.
5. They still know when to take breaks.
MOMPRENEURS
It’s that satisfaction of helping people with their medical needs and receiving the rave reviews that an artist loves that makes Grewal believe she’s discovered the American dream, the one she imag ined as a kid. Grewal became, in her own words, a doctor and an artist, creating art in her patients’ smiles, helping people and making money at the same time.
She said she set out to create a space that’s high-tech-looking, but with calm ing colors and a soothing flow.
“I designed it in such a way because I didn’t want it to look like Disneyland — like most pediatric dental offices,” Gre wal said. “I kind of wanted to cater to the teenage and younger adult population because, it’s like, you either have dental offices that only cater to adults, or you have these pediatric dental offices that are like Disneyland.”
And while Mind Body Infusion Med Spa is designed a little differently than the dental office — aside from the same flooring — it still offers a similar calming environment, she said.
SPOTLIGHT page
Grewal, who is never one to do just one thing, had the idea of also opening a medical spa, which she feels goes hand in hand with dentistry.
9
“It’s just really nice when you have peo ple enjoying the experience,” she said, “and actually liking what I built and the services that we provide.”
Gradually, people would come into the office and ask if she took adult patients, too. Of course, she turned no one away, and the practice has slowly transitioned to about 80% adults.
“We’ve got a lot of greenery on the
Skyline Smiles, go to SkylineSmile.com. For more about Mind Body Infusion Med Spa, go to MindBodyInfusion.com.
Grewal said opened both businesses right in the middle of the pandemic. She’d been planning them before CO VID-19 hit, but she eventually got both places up and running in May 2021 — sort of. With the pandemic, she was limited in what she could do. And that’s when she started doing COVID testing.
Dr. Harleen Grewal of Skyline Smiles said she set out to create a space that’s high-tech-looking, but with calming colors and a soothing flow. “There’s always aromatherapy on, so it doesn’t feel like you’re in a dental office and people aren’t as anxious when they come in.”
“I got a lot of management experience,” she said. “Then I had my second child. After that, I’m like, ‘I’m done. But you know what? I’m helping you guys, but I need to open up my own practice.’”
What’s most rewarding, she added, is when she receives positive feedback from patients or when she gets people who say her office came highly recom mended. She especially loves it when, after finishing a procedure, people say, “You’re done already?”
“I was sending people to people’s homes so they wouldn’t feel inconve nienced,” Grewal said. “Because these places weren’t giving you the test results until the next day or after a couple of days, and it was very inconvenient. Like, kids couldn’t go to school because they needed COVID tests.”
ceiling. So, when people are laying down and they’re looking at the ceiling, you want something nice up there.
26 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022
PHOTO BY CHRIS TORRES / THE SIGNAL
“There are TVs that are above each chair. Everybody gets a blanket. Every body gets headphones. They’re noisecancelling headphones, so you really don’t hear the sound of the machines. There’s always aromatherapy on, so it doesn’t feel like you’re in a dental office and people aren’t as anxious when they come in,” Grewal said.
Like Skyline Smiles, the Med Spa is a creation she’s extremely proud of. She said she’s living the dream, as the saying goes.
“It’s more like a wellness center. You come in, you get your teeth cleaned, you go get some Botox filler, you need an IV infusion.”MindBody Infusion Med Spa’s goal is to provide a combination of holistic and medical treatment options for wholebody health and wellness without the need for a doctor’s appointment, medical insurance or a referral.
Eventually, after the ups and downs of the pandemic had somewhat leveled off, Grewal focused on doing what she set out to do with Skyline Smiles. The goal, she said, was to provide a dentist’s office for young adults.
Continued from
Join us at Manufacturing Day on October 6 to learn more about exciting career opportunities!
survive in court even when an individual claim has been sent to arbitration.
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 27 COC
tioned to provide Northern LA County with a skilled labor force for generations. The ATC will prepare the future workforce for advanced man ufacturing/technology ca reers and support the growth of key manufacturing sectors through research, develop ment, and training the future workforce via dynamic workbased learning modalities.
PAGA
use arbitration agreements should make every effort to compel individual arbi tration in any active PAGA representative action law suit. If successful, employers should then seek dismissal of any representative PAGA claims in that lawsuit. For more information, please contact PooleShaffery at (661) 290-2991.
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Continued from page 19
Until then, California employers are encouraged to utilize the Viking ruling while it is still enforceable. California employers that
Continued from page 20
The surge in demand for employees with high-tech manufacturing expertise will only continue to grow. By providing the space, equip ment, education, and staff to train the next generation of workers, the ATC is posi
and 2024, 139,000 of those will be in middle skill oc cupations, which provide a pathway to living-wage jobs in these fast-growing industries.
Women in Leadership Statistics
28 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022
Despite progress toward gender equal
STEPS FOR WOMEN
Stereotypes Most industries have been dominated by male leadership for so long that the traits of a good leader are often seen as masculine.
Continued from page 18
DID YOU KNOW?
Lack of networking opportunities
Visit us www.lbwinsurance.comat 28055 Smyth Dr. | Valencia CA 91355 CA Insurance License # 0785905 Securities offered through Securities America, Inc., Member FINRA/SIPC. Financial Advice & Investment Advisory Services offered through PFG Advisors. LBW, PFG Advisors, and Securities America are separate entities. LBW Insurance and Financial Services participated in and won the award for the Los Angeles Business Journal “Best Places to Work 2022.” LBW did not make any solicitation payments to any of the award sponsors in order to be nominated or to qualify for nomination of the award. Workers401(k)BusinessCompensationInsuranceEmployeeBenefitsQualifiedPlans Put 100 years of experience to work for you!Retail u Office u Industrial u Land www.scvcommercial.com u info@scvcommercial.com Thank you for voting me Best Commercial Real Estate Company & Best Commercial Real Estate Agent! 2 0 1 4 2 0 1 5 1 9 2 0 2 0 2 2 Pamela Verner 661-714-5271 pamela@scvcommercial.com DRE#0181519
2020 was the 12th year in a row in which women earned more doctorates than men. Women accounted for 53.1% of doctorates awarded that year.
Discrimination Work environments dominated by biases favoring men can be hostile toward women. Women may be passed over for promotions and ex perience sexual harassment, workplace harassment and other unprofessional behavior.
Barriers to Women in Leadership
Women are often perceived negatively when they exhibit these traits. To add insult to injury, women may be seen as unfit for the role when they do not dem onstrate these typical leadership quali ties.Furthermore, some people may think of specific roles and industries as tradi tionally female and others as tradition ally male.
While bias is becoming less prevalent in the working world, its impact can still pose challenges for women looking to network. As a result, there may be fewer opportunities for mentorship or ar rangements to help women move into leadership positions.
ity within the workplace, women still face pushback. Many barriers to women in leadership remain, including the fol lowing obstacles:
Despite small gains in recent years, statistics on women in leadership roles show that the gender gap remains. As of 2022, only 8.2% of Fortune 500 CEOs (41) were women, although that’s a signifi cant improvement from the zero female Fortune 500 CEOs in 1995, according to Zappia. As of December 2021, women ac counted for 35% of U.S. senior manage ment positions in the United States — a 4% increase from 2016 but still far from 50%.Educational statistics also point to a considerable gap. Between 2020 and 2021, 505,000 women earned master’s degrees compared with 327,000 men. On the other hand, women with master’s degrees earned, on average, 38% less than men with the same qualifications — $72,568 for women compared with $117,617 for men.
No work-life balance Old ideas about the domestic roles of men and women can limit the support women may need to balance work and everything else properly. As a result, some people may unfairly believe women can’t put in the time and effort required to lead. But every day, women continue to defy that myth — and plenty of others.
Comcast Communications NY: CMCSA 38.26 35.87
Carnival Corp. Entertainment/leisure NYSE: CCL 9.44 9.37
OTC: BCAL 15.40 15.35
Disney Entertainment media NYSE: DIS 107.52 111.20
Kohl's Retail NY: KSS 29.97 29.97
Five Point Holdings Home developer NYSE: FPH 3.85 3.52
Otsuka Pharmaceutical Pharmaceutical OTCMKTS: OTSKY 17.10 16.05
Home Depot Retail NY: HD 305.48 291.90
Auto Nation Auto Dealers NY: AN 120.69 122.54
Last month the index was 3,102.93 and the average price per share was $103.43.
Lowes Retail NY: LOW 195.07 195.51
California Resources Corp. Energy NYSE: CRC 44.40 46.24
Quest Diagnostics Laboratory services NYSE: DGX 139.18 125.13
Santa Clarita Stock Average
Boston Scientific Biomedical NYSE: BSX 41.06 40.49
SEPTEMBER 2022 SANTA CLARITA VALLEY BUSINESS JOURNAL · 29
ITT inc. Aerospace/manufacturing NYSE: ITT 77.82 71.98
Tri Pointe Homes Home developer NYSE: TPH 17.99 16.95
Sodexo Home/food services OTCMKTS: SDXAY 16.30 15.27
Company industry ticker AUGUST 8 SEPTEMBER 6
Costco Retail NASDAQ: COST 535.98 519.11
This month the index is 2,860.63 down 242.30 8 or 7.8%, for an average share price of $95.35.
Lennar Home Builder NY: LEN 84.89 77.87
KB Homes Home developer NYSE: KBH 31.42 28.23
Bank of Southern California Banking
CBRE Commercial real estate NYSE: CBRE 83.44 78.60
Amazon Retail NASDAQ: AMZN 137.56 127.51
Bioventus Biomedical Nasdaq: BVS 8.36 7.299
Boeing Aerospace NY: BA 165.59 152.00
McDonalds Restaurants NY: MCD 258.16 254.51
Sonova Holdings Biomedical equipment OTCMKTS: SONVY 71.05 51.59
Six Flags Entertainment/leisure NYSE: SIX 24.10 22.46
Textron Industrial NY: TXT 64.23 61.85
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.
Walmart Retail NYSE: WMT 127.95 133.00
IQVIA holdings Laboratory services NYSE: IQV 232.77 207.26
Woodward Aerospace/Manufacturing NASDAQ: WWD 97.90 92.01
26455 Rockwell Canyon Road | UCEN 263 | Santa Clarita, CA 91355 | (661) 288-4400 | www.scvedc.org
Santa Clarita 4.7% 5.1% -7.84%
North Studios.
Jul ’22 Jun ‘22 Ju1 ’21
Thebillion.Santa Clarita Valley has been one of the premier locations for filming in LA County for decades. After severe restric tions and modifications in 2020 were finally lifted, the digital media and enter tainment industry exploded in 2021 with major soundstage expansion. Santa Clar ita is home to more sound stage space than the entire country of Australia, and still growing! At Outlook you’ll get the inside scoop on film and entertainment in the SCV, its economic impact, and more from John Prabhu, Partner at LA
SCV Condo Sales 515 450 560
Economic DEvElopmEnt corporation
SCV Avg. # of Days on Market (SF) 49 41 29
30 · SANTA CLARITA VALLEY BUSINESS JOURNAL SEPTEMBER 2022
State 3.9% 4.0% -2.50%
Office Space - as a % of Vacancy 10.18% 9.97% N/A
California Resources Corp (CRC) 44.86 43.26 3.70% Carnival Corp. (CCL) 9.06 8.65 4.74%
Building Permits
Econo Watch
BY HOLLY SCHROEDER President and CEO of the Santa Clarita Valley Economic Development Corp.
Designed to provide attendees with an economic analysis and outlook for the coming year, the conference will include national, state, and global per spectives, but will focus primarily on the trends and issues associated with the Santa Clarita Valley and the surround ing business community. Attendees will first hear from our business leader panel discussing current and future trends, issues around corporate resilience, agil ity, and innovation in the face of unique challenges.Ourgreat
Palmdale 7.2% 7.7% -6.4%
SCV Average Condo Price 574,900 580,900 559,300
Office Space 18.95% 22.70% 2,869,754
Industrial Space - as a % of Vacancy 89.82% 90.03% N/A
The SCV is home to several high-pro file company headquarters like Princess Cruises, Scorpion, Sunkist, and more!
key target clusters in the Santa Clarita Valley. This sector employs a large per centage of our workforce with highpaying jobs, and in many cases is at the forefront of innovative technology in its respective industry. One of the big gest success stories recently has been the arrival and growth of DrinkPAK LLC, a premier West Coast contract manu facturer of premium alcoholic and nonalcoholic beverages. Nate Patena, CEO of DrinkPAK, has rapidly expanded the company’s footprint in the SCV to an over 570,000 SF manufacturing campus. They anticipate hiring up to 425 em ployees in the next 5 years, with a total five-year economic output of more than $1.3
After 87 years in Burbank, Logix, South ern California’s largest credit union, made the choice to move their HQ to the SCV. Bringing hundreds of jobs to our valley and becoming one of our largest employers! Ana Fonseca, President & CEO for Logix since early 2019. Fonseca has successfully overseen the company throughout the pandemic, and their continued transition to the new HQ in the Valencia Commerce Center.
Ju1 ’22 Jun ‘22 % Change
To purchase tickets, or for more infor mation about the 2022 Economic Out look, visit www.scvedc.org/outlook..
2022 Economic Outlook is Quickly Approaching!
Glendale 4.9% 4.9% 0.00%
business panel lineup in cludes Nate Patena, John Prabhu, and AnaAdvancedFonseca.manufacturing is one of the
Total Marked Sq. Ft. Vacancy Percentage: 28,187,192
Los Angeles County 5.0% 5.2% -3.85%
Local Company Stock Prices Jul ’22 Jun ‘22 % Change
FivePoint (FPH) 4.22 3.91 7.93%
Santa Clarita Valley Q2 2022 Q1 2022 Q2 2022 Sq Ft Commercial Vacancy Rates
Six Flags * (SIX) 22.67 21.7 4.47% Woodward (WWD) 104.7 92.49 13.20%
Housing Stats
Jul ’22 Jun ‘22 Ju1 ’21
he Economic Outlook Confer ence, scheduled for September 9th, 2022, features speakers that will help business leaders prepare for both the short term and the long term. Economic forecasts are important for companies that need to have a short and long-term picture of what the eco nomic trends will be and how that will affect the decisions they make.
Industrial Space 1.40% 1.10% 25,317,438
Lancaster 7.3% 7.7% -5.19%
Mission Valley Bank (MVLY) 13.6 13.6 0.00%
SCV Average Home Price 938,800 917,100 879,500
T
SCV Single Family Home Inventory 226 281 320
SCV Home Sales 1,331 1,161 1,773
Unemployment Rates
Following the business leader panel, Economist Dr. Mark Schniepp from California Economic Forecast will re lease the full Economic Outlook. At tendees will hear about topics such as demographics, employment, residential and commercial real estate trends, new developments, and quality of life. This is the only place to get economic data spe cific to the Santa Clarita Valley and is a must attend event for company leaders.
New Commercial/Industrial Building Permits 3 17 0 Commercial Tenent Improvements/Alterations 27 57 27
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 20SEPT BREAKFAST ACTINFLATIONINTERPRETINGMEETINGTHEREDUCTON 8:00 - 9:30 a.m. Hyatt Regency Valencia CEO FORUM A D V O C A T E E D U C A T E N N O V A E VALLEY INDUSTRY ASSOCIATION
Has that changed over the past several years? What would you like to see in the skills of entry-level employees? What skills are needed in today’s world/business for entry level and moving forward? How can the “next generation workforce” be trained in what your business needs? What would you like to see in leadership training programs for new entry level employees? For your entrylevel employees in whom you see potential for leadership, how can VIA help get them their with training?
VIA is pleased to announce the date for our 2022 CEO Forum/Business Innovation Forum. Scheduled for Friday, December 2nd, this event will bring together top executives and decision makers to work actively on solutions to recognized business and community issues. Based on information supplied by a survey of local business leaders, the following topics will be included in the discussion at the 2022 Forum.
Laurene Weste, Mayor, City of Santa Clarita* Marsha McLean, Councilwoman, City of Santa Clarita* Bill Miranda, Councilman, City of Santa Clarita* Denise Lite, Attorney at Law
ADVOCATE • EDUCATE • INNOVATE VISIT VIA.ORG
VIA CEO Forum 2022
Emerging Workforce:
Inflation:
INTERPRETING THE INFLATION REDUCTON ACT What does this mean to California Employers? The Inflation Reduction Act takes aim at reducing the deficit through taxes on the largest corporations and lowering health-care costs on prescription drugs. At the same time, it is far-reaching legislation to combat climate change. Join VIA and our panel of guest speakers as we take a deep dive into the legislation to see what it means for businesses. 04NOV VIA MidnightBASH in Morocco 6:00 - 11:00 p.m. Hyatt Regency Valencia Speaker: Chris Ingram, Chief Executive Officer, Prosperitas Financial Additional Panelists will be announced soon! VIA - Sept2022 BJ ad.indd 2 8/30/22 2:31 PM
UPCOMING EVENTS
*INDICATES INCUMBENT
What are you seeing with new entry level employees in terms of their skill set?
VIA encourages CEOs, Presidents, Business Owners, HR Directors, other toplevel executives and interested business professionals to participate. Please take a moment today to register for the Forum.
Tickets and sponsorships are available at www.via.org/ceo-forum
The Valley Industry Association has a keen interest in our local, state and federal elected officials. As such, we were pleased to conduct a City Council Candidates Forum on Thursday, August 25, at the Dianne G. Van Hook University Center. The sold out event hosted all nine candidates with each able to share their campaign platform and answer pertinent questions posed by the audience and the business community. The forum was moderated by Ed Masterson of Michael Elliott & Associates.
Selina Thomas, Businesswoman David Barlavi, Tax Attorney Kody Amour, Entrepreneur Jeffrey Malick, Chief of Staff Douglas Fraser, Citizen
How has the infrastructure of your workplace changed post-Covid? Are your employees physically in the workplace, remote of hybrid? How have changes in the workplace affected productivity?
VIA SCV City Council Candidates Forum
Post Covid Infrastructure:
Inflation is at a rate not seen since the 1970’s. How is inflation affecting your business? How are you coping with increases in the cost of wages, materials, supplies, fuel, rent, etc.? How much flexibility do you have to increase prices to clients or customers? Can you add surcharges (i.e., fuel surcharges) , or do business on a “cost-plus” basis? Has the time that a supplier’s or subcontractor’s bid remains valid been reduced? How does this affect your business?
Santa Clarita 25350 Magic Mountain Parkway, Suite 250 | Santa Clarita, CA 91355 661-290-2991 · POOLESHAFFERY.COM Call 661-290-2991 today for more information! SANTA CLARITA | PASO ROBLES | LOS ANGELES ORANGE COUNTY | SAN DIEGO LITIGATIONEMPLOYMENTLAWWHEREMEETS The attorneys at Poole Shaffery understand the importance of every legal detail, so you can focus on doing what you do best: Running a successful business. ■ Representing Employers in Employment Litigation Matters ■ Trusted, High Caliber Representation in Santa Clarita ■ Providing the Support You Need ■ Wage and Hour Claims ■ Wrongful Termination/Discrimination/Harassment Claims EXPERIENCED AGGRESSIVE – LOCAL John S. Shaff ery Partner, Poole Shaffery Nader Sabawi Attorney, Poole Shaffery David S. Poole Partner, Poole Shaffery Brian Walters Partner, Poole Shaffery Signal2022 LawBusinessBestFirm
