Annual Economic Indicators

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demo imageUNEMPLOYMENT RATES
LARGEST EMPLOYERS
WORKFORCE
FILM INDUSTRY
RETAIL SALES
HOTEL ENVIRONMENT



 

 

POPULATION

Known for its exceptional quality of life, community-driven leadership, and top notch municipal services, Santa Clarita continues to attract new residents seeking a safe and beautiful place to call home.  With 213,231 residents (as of January 1, 2015), the City of Santa Clarita is the third-largest City in Los Angeles County, following the City of Los Angeles (3.9 million residents) and the City of Long Beach (472,779 residents). The City of Glendale ranks as the fourth-largest City in Los Angeles County, with a total estimated population of nearly 199,182 residents.

Santa Clarita plays an important role in Los Angeles County based on its size. Here you will find some of the latest data available illustrating a growing, thriving, and attractive City and place to call home.         

             View the full California State Department of Finance Report detailing 2015 population estimates for California cities.

EMPLOYMENT     

          The City of Santa Clarita's strong and diverse economy makes Santa Clarita the ideal destination for business.  Maintenance of a highly supportive environment for business development is achieved through the cooperation of the Santa Clarita Valley Economic Development Corporation, the Santa Clarita Valley Chamber of Commerce, the Valley Industry Association, and the City government.  In addition, companies benefit greatly from the area's modern business parks, as well as from a highly-skilled labor pool, variety of transportation choices, housing, quality of life, climate, and scenery.

LARGEST EMPLOYERS

The Santa Clarita Valley’s top employers include Six Flags Magic Mountain, Princess Cruises, Henry Mayo Newhall Memorial Hospital, Quest Diagnostics, and the local school districts.

 

Rank

Company

Type Of Business

# Of Employees

1

Six Flags Magic Mountain

Entertainment/Theme Park

3,200

2

William S Hart Union School District

Public Junior High & High School District

2,007

3

College of The Canyons

Community College

1,911

4

Princess Cruises

Vacation Cruise Line Services

1,885

5

Saugus Union School District

Public Elementary School District

1,747

6

Henry Mayo Newhall Memorial Hospital

Healthcare: Services

1,640

7

U.S Postal Service

Government

1,127

8

Quest Diagnostics

Healthcare: Medical Research & Development

850

9

Newhall School District

Public Elementary School District

834

10

Boston Scientific

Healthcare: Medical Research & Development

780

11

The Master's College

Private University

760

12

Woodward HRT (Formerly H.R. Textron)

Manufacturer: Aerospace

728

13

City of Santa Clarita

Government

700

14

Advanced Bionics

Healthcare: Medical research & Development

700

15

California Institute of the Arts

Private University

690

16

Wal-Mart

Retailer

624

17

Aerospace Dynamics international

Manufacturer: Aerospace

583

18

Wesco Aircraft

Manufacturer: Aerospace

492

19

Pharmavite

Manufacturer: Dietary, Mineral, Herbal Supplements

487

20

ITT Aerospace Controls

Manufacturer: Aerospace

450


 

Source: California Economic Forecast and the Santa Clarita Valley Economic Development Corporation - 2015 Economic Outlook

 JOBS

Employment has exceeded pre-recession numbers with 79,951 jobs reported for the last quarter of 2014, compared to 78,608 in the last quarter of 2007, the pre-recession high. Over 8,000 jobs have been added since the fourth quarter of 2009 when the recession ended, an 11% increase.

employee dev

 Source: California Employment Development Department – Labor Market Information Division

BUSINESSES

 The City has experienced a steady rise in the number of business establishments over the last ten years with a high of 6,416 in the 4th quarter of 2014.

 business demo

                 Santa Clarita’s unemployment rate in June 2015 was 6.7 percent compared to 7.3 percent for Los Angeles County and 6.2 percent for the state of California.  

As of January 2015 the state began using American Community Survey (2009-2013) population figures to determine the unemployment rates of cities. In the past, population data was collected using 2000 Census data. The new method assumes that the rates of change in unemployment are exactly the same in each city as at the county level.  If this assumption is not true for the city, then the estimates may not represent the current economic conditions.

 UNEMPLOYMENT RATE COMPARISONS OF NEARBY CITIES AND L.A. COUNTY

unemployment


Source: California Employment Development Department, May 2015

RETAIL SALES

The California Retail Survey which compares retail sales activity for each of California’s 58 counties and 482 cities ranked the City of Santa Clarita 20th in retail sales in the recently released 2015 California Retail Survey. Santa Clarita ranked higher than Beverly Hills, Burbank, Glendale, and Pasadena and is one of only 37 cities with a retail market above $2 billion. The following graph illustrates the trends in activity since the beginning of the recession. The City has exceeded pre-recession numbers with a total of $2,534,204 compared to $2,394,449 in 2007.

  total resales

Source: California Retail Survey, 2015 Edition

                Santa Clarita is on par with major shopping cities such as Glendale, home to Americana on Brand and the Glendale Galleria, as well as Pasadena, home to Paseo Colorado, Lake Avenue shopping District, and Old Town Pasadena, for both retail dollars and retail stores.

 total resales 2014

 

est retail

Source: California Retail Survey, 2015 Edition

 

FILM INDUSTRY

The City’s Film Program celebrated another record year, with a total of 1,339 film days in 2014 increasing by 6% from 1,264 in 2013.

filmimg in sc

A strong film program means more business for local retailers and more jobs for the community. The City’s film-friendly permitting system, a responsive film staff, and the City’s innovative film incentive program resulted in $32.2 million in economic impact thanks to locally based productions and notable productions filming on location in Santa Clarita in 2014.

eco impact

 Source:  City of Santa Clarita Film Office, 2015

 locally based

Source:  City of Santa Clarita Film Office, 2015

 

 HOTEL ENVIRONMENT

                Santa Clarita’s hotel market remained strong throughout 2014.  Average YTD occupancy percentage and average daily room rates for the year were 79.0% and $117.64

 hotel occupancy

average daily rate

Source: STR, www.str.com

Hotel
# of rooms
Meeting Space (Sq. Ft.)

 Hyatt Regency Valencia

244

 16,000

 indoor/outdoor function space

 Embassy Suites
 156

 4,956

ballroom with 4 flexible meeting rooms, outdoor patio areas and executive board room

 Courtyard by Marriott  140  1,056
 Hilton Garden Inn
152 2,496 indoor 1,936 outdoor
 Holiday Inn Express
 118  635
 La Quinta Inn & Suites
 112
 300
 Best Western Valencia Inn
 120  None
Santa Clarita Motel
 34  None
 Extended Stay
 104  None
 Comfort Suites
 101  None
 Residence Inn
 90  2,037 (shares w/ Fairfield Inn)
 Fairfield Inn
 66  2,037 (shares w/ Residence Inn)
 Hampton Inn
 128  450
 Super 8
 50  None
 Travelodge
 54  None

 

 

 

 

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