The Santa Clarita Valley Economic Growth Corporation has introduced the 2022 Santa Clarita Valley Business Survey Effects. The publication is now accessible for down load.
Area providers positively amount the enterprise climate and top quality of life in the Santa Clarita Valley. That is the critical takeaway from the Santa Clarita Valley Financial Enhancement Corporation’s 2022 Organization Survey of 155 firms.
Specified the backdrop of the earlier two several years in grappling with the results and aftermath of the COVID-19 pandemic, the SCVEDC executed a in depth Small business Survey outreach to neighborhood organizations in March 2022 as a article-pandemic extension of SCVEDC’s ongoing enterprise retention program.
Small business enter through the study procedure is used to assess the recent and forecasted business enterprise weather, as perfectly as detect actionable requires and priorities of current field in the SCV.
Businesses involved in the study characterize unique business enterprise sectors inside of the SCV, with a proactive outreach to vital field clusters that necessitate qualified labor, professional management, and increased wages. Outreach also integrated much larger organizations whose presence in the SCV make a sizeable financial effects.
The 155 survey responses comprise the conclusions in the study report, which includes comply with-up qualitative investigate executed with 22 SCV survey respondents in a diversified assortment of business enterprise sectors and dimensions.
The Small business Survey coated five matters, which includes:
–COVID Effects
–SCV Organization Climate
–Company Organization/Forecast
–Company Functions
–SCV Sources/Organization Requires
A important aim of the study was to evaluate the SCV Organization Local climate and detect opportunities to cure difficulties or invest for continued success. Respondents were being on the verge of becoming effusive in their praise of the SCV small business local weather, almost as a great deal as they were being stridently annoyed with the total weather in the condition of California. A overall of 82% indicated that the business weather is excellent or incredibly great in the SCV. When questioned the open up-ended question of the biggest obstacle dealing with corporations, remarks about the CA tax and regulatory setting abounded.
If the positivity about the SCV small business local climate wasn’t ample, responses about the quality of lifestyle in SCV were stunning. A total of 91% answered that the top quality of existence was somewhat or incredibly fantastic, of which 57% explained exceptionally good.
Not surprising specified the prevalent shifts in labor marketplaces and the “Great Resignation,” the most pressing concern struggling with company is the means to locate the employees they have to have to contend in the world-wide marketplace. Quite a few of the surveyed corporations function corporations that desire in-individual perform, this sort of as production and Tv/movie generation. When several of these businesses expressed a desire for staff to return to the office environment, even individuals with positions that could do the job from property expressed a want to lower the availability of remote do the job as the pandemic abates. At the exact time, enterprise leaders identify that some diploma of hybrid work is very likely listed here to continue to be and discovered the want to boost broadband services to help it.
This survey unveiled a variety of concerns, from broader problems at the point out and federal amount to actionable prospects at the far more nearby degree.
Although the SCVEDC will keep on communications with point out and federal associates to deliver feed-back and facts from the SCV organization group, we consider there are new prospects to assistance business achievement and
address leadership issues expressed by SCV business enterprise leaders.
The pursuing are actionable suggestions to support the business enterprise group centered on survey conclusions:
–Addressing broadband fears
–Addressing general public safety and crime/theft worries
–Addressing will need for greater dining/culinary options
–Addressing workforce problems
–Addressing workforce instruction and improvement desires
–Addressing government peer-to-peer communications
–Promoting SCV-large ways to guidelines, infrastructure, and priorities
Click on this backlink to examine the complete survey outcomes, which includes an appendix with all respondent information.
The Santa Clarita Valley Economic Development Corporation is a exceptional private/public partnership representing the united effort and hard work of regional market and government leaders. The SCVEDC utilizes an integrated method to attracting, retaining and expanding a range of organizations in the SCV, particularly these in vital business clusters, by giving aggressive small business products and services and other resources.