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2016-2022 EDUCATIONAL AND FACILITIES MASTER PLAN
SANTA CLARITA VALLEY ECONOMIC SCAN CHAPTER 1 – BACKGROUND

SANTA CLARITA VALLEY rebound with the development and opening of a As the economy in the Valley continues to
ECONOMIC SCAN greatly expanded Disney Film Ranch. Owners of improve, population growth also will resume,
smaller business are reporting modest gains in the with resultant changes in the real estate market,
ECONOMIC SCAN past several months and have begun to increase demand for goods and services, K-12 enroll-
Interviews with leaders of several of the area’s larg- hiring. ments, and demand for locally-provided higher
est companies reveal a strong perception that the education – especially in view of the increased
economy in the Santa Clarita Valley has turned the Major medical institutions are expanding and expe- cost at California’s public four-year institutions.
corner on the recent national recession and that riencing renewed demands for services. The 2016
business is definitely on the upturn with increasing Economic and Real Estate Outlook Conference For College of the Canyons, this trend provides
growth in the coming five years. sponsored by the Santa Clarita Valley Development support for continued capacity building through
Corporation and College of the Canyons high- further development of the Canyon Country
Los Angeles County continues its positive growth lighted a number of reliable business indicators that Campus and the search for a means to serve the
trends in key industrial sectors such as aerospace, support the conclusion that the Santa Clarita Valley Western County area.
technology, business and professional services is now in a period of business expansion
and tourism, though the region’s signature mo- and growth. Expansion of high demand programs and the
tion picture/TV industry is struggling with labor implementation of new Career Technical Education
issues, changing technology and rising production Forecasters are in agreement that we are at the tail Programs through collaboration with the William
costs. Other area vulnerabilities include lack of end of the recovery with fewer jobs forecast in 2016 S. Hart Union High School District and local
urban land and affordable housing, and over the in Southern California, but note that the Santa industry, as part of the California Career Pathways
long-term, economic performance will depend on Clarita Valley is exceeding overall state and na- Trust grant - including computer networking,
solving transportation problems. tional rates. This resumption of the Valley’s natural paralegal, construction, administration of justice,
growth and development will create increased de- and advance manufacturing – will be imperative.
GROWTH INDUSTRIES mands for training and educational advancement.
The Santa Clarita Valley continues as a major part
of the entertainment industry, home to more than Opportunities for partnerships between COC and
20 sound stages and a dozen movie ranches. The local business, industry and institutions will expand
SCV also contains a large aerospace cluster. Lock- and provide opportunities for increased support of
heed departed and many technical entrepreneurs College programs. Labor market is heavily con-
remained, leaving a cadre of entrepreneurial small centrated in manufacturing, retail trade, leisure
businesses. More than ten separate master-planned services, and project services emerging industrial
business parks and centers, including Centre Point sectors for which Santa Clarita Valley job training
and Rye Canyon, are located in the SCV. is a priority include:

Aerospace manufacturing has added extensive • Health
production space and is experiencing production • Aerospace
orders that are stretching current capacity. Likewise, • Engineering
the biomedical industries in the Valley are report- • Entertainment and Media
ing industry leading growth that is projected to • General Manufacturing
continue throughout the coming decade. • Biomedical, Biotechnology
Entertainment services in the Valley will likely • Education

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