Last Thursday night, the Los Angeles Economic Development Corporation recognized the city of Santa Clarita as the most business-friendly city in Los Angeles County with more than 60,000 residents, contiguous with the city of Gardena.
El Segundo was named the winner for cities with fewer than 60,000 residents. Tom Cole and Monica Fawcett of the city’s Department of Economic Development accepted the award on behalf of the city at the LAEDC’s 27th Eddy Awards at SoFi Stadium.
The Eddy Awards® is one of the most prestigious awards programs recognizing business development leadership in business and government throughout Los Angeles County. It celebrates exceptional public and private leadership in LA County’s economic development with the Most Business Friendly City award and recognition of honorees who make outstanding contributions to economic development in the area.
“Santa Clarita is consistently recognized as one of the most business-friendly cities in the state,” said Holly Schroeder, President and CEO of the Santa Clarita Valley Economic Development Corporation, who was also in attendance. “Leaders in Santa Clarita recognize the importance of a strong and diverse economy to protect and enhance the quality of life for SCVs. As our partner in economic development, SCVEDC is thrilled that the City of Santa Clarita is receiving this honor.”
The city was a winner of LAEDC’s Award in 2008 and 2016 and a finalist in 2006, 2007, 2014, 2015 and 2021. We also won the Los Angeles County Business Federation’s Most Business Friendly City in LA County award in 2018 Yearbook survey providing a snapshot of key business concerns in Los Angeles County.
The Kosmont-Rose Institute’s 2018 Cost of Doing Business Survey also ranked Santa Clarita among the best cities in Southern California. The ranks were based on local and state taxes, fees, and other demographics. Santa Clarita has been recognized as a low-cost city due to its low property tax rates, no consumption tax, and several other business advantages compared to neighboring cities such as Burbank, Glendale, Pasadena, and Los Angeles.
The City of Santa Clarita commented in a press release on how its “…partnerships with the Santa Clarita Valley Economic Development Corporation, the Santa Clarita Valley Chamber of Commerce, the Valley Industry Association, the Small Business Development Center and the College of the Canyons are helping Attracting and retaining thriving businesses with a mission to create jobs and continually improve the community. Additionally, these partnerships help represent and support the needs of local businesses through job fairs, training, webinars and many other resources.”
“It’s an honor to be recognized by the LAEDC as the most business-friendly city in Los Angeles County,” said Mayor Laurene Weste. “This award is a testament to the strength of our business community and the city’s strategic partnerships with local business organizations[…]. I couldn’t be prouder of how our community has come together in the wake of the pandemic to support our local businesses and ensure our businesses large and small continue to thrive here in Santa Clarita.”
Our valley remains the ideal place for companies to do business, with excellent access to state-of-the-art facilities, workforce and markets and an unbeatable quality of life. All of this becomes possible when you have a region that actively works with the various companies and organizations and provides a variety of resources to ensure the success of their employers and the workers who live and work here.
To find out how your business can thrive in the business-friendly Santa Clarita Valley, download our Incentives & Resource Guide today.