ABOUT SANTA CLARITA VALLEY
ABOUT SANTA CLARITA VALLEY
Valencia Executive Office Suites is located in Valencia Industrial Park (part of a master planned community within Santa Clarita Valley). It is a growing area within Los Angeles and it encompasses 520 square miles. Recent Demographic Reports show Population in Santa Clarita is over approximately 300,000 as of 2019.
The Santa Clarita Valley is the 3rd largest city in LA County.
Santa Clarita Valley was ranked as the 23rd fastest growing city in USA
The Santa Clarita Valley (SCV) encompasses the city of Santa Clarita, which includes Canyon Country, Newhall, Saugus, and Valencia, in addition to the adjacent unincorporated communities of Castaic, Stevenson Ranch, Sunset Pointe, Tesoro del Valle, Val
Verde, Westridge, Newhall Ranch and Agua Dulce.
ABOUT VALENCIA, CA
Valencia is just 20 minutes north of Los Angeles (part of the Greater City of Los Angeles). Santa Clarita, CA is one of California’s fastest growing communities and is known for its award winning schools, low crime rate, clean air and temperate climate. Valencia offers employees a great quality of life. Rated one of the best and safest places to live and work in the US. Rated by FBI as the sixth safest city in the United States with at least 100,000 inhabitants and named the Most Business-Friendly City in Los Angeles County in 2008 by the Los Angeles Economic Development Corporation.
The Santa Clarita Valley boasts a supportive local government and a long list of money-saving business incentives, a robust educational system, a fast-growing economy, and a prime location.
This region boasts companies in a wide diversity of industries including Aerospace & Defense, Medical Devices & Biotech, Advanced Manufacturing, Digital Media & Entertainment and Information Technology. Why? The Santa Clarita Valley is the most business-friendly region in Los Angeles County, provides a high quality of life to its residents and is one of the fastest growing locations in the United States.
Here are some important Statistics:
- More than 70% in SCV have attended some college
- The majority of residents are of working age
- SCV’s Median Household Income is among the highest in Los Angeles County
- 2/3 of Santa Clarita Households have an annual income of more then $75,000
- Santa Clarita employment a diverse mix of occupations
- The City of Santa Clarita consistently ranks as one of the safest cities of its size in the nation
- fDi Magazine named Santa Clarita an American City of the Future
- Innovation loves company in the Santa Clarita Valley.
- Just 30 minutes north of Downtown LA, the Santa Clarita Valley is close to 23
highways, 15 area colleges and universities as well as major airports and ports
WHY DO BUSINESS IN SANTA CLARITA, CALIFORNIA
The Santa Clarita Valley is a great place to do live and do business. It has, in fact, become known as “the place to do business” in Southern California. The Kosmont Cost of Doing Business Survey put Santa Clarita on its list of the top-10 areas in Southern California that offer businesses a very low cost of operation. And, the Los Angeles Economic Development Commission has named Santa Clarita one of L.A. County’s top-5 most business-friendly cities.
WHAT MAKES SANTA CLARITA A GREAT PLACE TO OWN A BUSINESS?
It’s a Great Place to Live!
The City of Santa Clarita continually receives awards for being one of the best places to live in the nation. In 2007, the City of Santa Clarita was named One of 100 Best Communities for Young People. and CNN Money Magazine rated Santa Clarita as one of the top 20 places to live in the U.S.
If it’s a great place to live, it’s a great place to work!
Most Business-Friendly City
In September, the City of Santa Clarita was named
One of the top five most business-friendly cities in Los Angeles
by the Los Angeles Economic Development Commission (LAEDC) for 2007.
Santa Clarita Named as a New California Enterprise Zone
The Santa Clarita Enterprise Zone encompasses 97 percent of all commercial, business and industrial-zoned land in the city. Businesses located in the Zone may be eligible for substantial tax credits and benefits. For example, with each qualified employee hired, a company may earn $36,000 or more in state hiring tax credits over a 5-year period of time. Individuals, partnerships, and limited liability companies may claim a credit equal to the sales and use tax paid or incurred on the first $1 million of qualified machinery purchased. For corporations, the limit goes up to $20 million.
SANTA CLARITA ENTERPRISE ZONE BENEFITS
Hiring Credits: With the hiring credits in the EZ program, firms can earn approximately $37,000 in state tax credits spread out over a five-year period for each
“qualified employee” that is hired. The credits are given on the following schedule: 50% of qualified wages in the first year of employment; 40% of qualified
wages in the second year of employment; 30% of qualified wages in the third year of employment; 20% of qualified wages in the fourth year of employment; and 10%
of qualified wages in the fifth year of employment. Up to 100% net operating loss carry-forward for 15 years. Sales tax credits on purchases up to $20 million per year of qualified machinery and machinery parts. Up-front expensing of certain depreciable property; lenders to Zone businesses may receive a net interest deduction. Unused tax credits can be applied to future tax years, stretching out the benefit of the initial investment.
Preference points on state contracts.
Valencia is a part of City of Santa Clarita, located in North Los Angeles County. North of San Fernando Valley, just minutes from Burbank Airport. Here, some of the most successful entertainment, biomedical, technology, and aerospace companies in the world enjoy an unmatched quality of life, highly educated workforce, master planned communities & business parks, distinguished schools, and business incentives.
Whether it’s designing new technologies of tomorrow, producing number one rated television dramas, developing life-changing products, or creating world-class experiences, Santa Clarita is the ideal place to work that allows business leaders to focus on what they do best.
• Los Angeles International Airport 40 miles south
• Downtown Los Angeles 35 miles southeast
• Burbank Airport 25 miles south
• Antelope Valley (Palmdale, Lancaster) 35 miles northeast
• San Fernando Valley 8 miles south
• Port of Los Angeles 60 miles south
• Port Hueneme 30 miles west