Santa Clarita The 11th Fastest Growing Retail Market In State
Businesses calling our town "home sweet home."
The recently released California Retail Survey ranks the City of Santa Clarita as the 11th fastest growing retail market in the state and among the “Top 25 City Retail Markets in California” based on analysis of 2007 retail sales. The City of Santa Clarita ranked higher than the cities of Newport Beach, Beverly Hills, and Santa Monica.
Over 1,000,000 square feet of new retail slated to open in the next 18 months coupled with the City’s business friendly approach makes the City of Santa Clarita a natural choice for businesses. “In the past few years Santa Clarita has really become the premiere City for businesses in Southern California,” said Marketing and Economic Development Manager Jason Crawford. “Our close proximity to Los Angeles, growing and affluent population, and support of expansion of Santa Clarita’s targeted industries sectors make us a City to watch”.
The rankings included the top 50 markets with recorded sales in excess of $1 billion. These 50 cities are based on dollar volume, growth rates, and sales per outlet and represent more than $179 billion in annual retail sales, and about 46 percent of California's annual retail sales.
The California Retail Survey is a respected source of market intelligence for corporate and government executives with analysis and rankings based on actual sales results from each of the 490,000 retailers in 58 counties and 482 cities statewide.
Current analysis and rankings on city and county retail markets in California can be found in the 2008 Edition of the California Retail Survey, including sales and outlet data through the year 2007.
For more information on the California Retail Survey, please visit the website at www.californiaretailsurvey.netfirms.com.
The City of Santa Clarita is one of California’s newest Enterprise Zones. The Santa Clarita Enterprize Zone covers 97 percent of the City’s commercial, business and industrial-zoned land and provides businesses with extensive tax savings through employee hiring tax credits, sales tax and use credits, business expense deductions, net interest deductions for lenders, net operating loss carryover and income tax credits for employees. For most businesses, the Enterprise Zone can save tens of thousands of dollars annually, providing Santa Clarita with a strong competitive advantage over other Southern California cities.
Santa Clarita is a growing community offering ample business opportunities. Examples of successful industrial and commercial development areas include the Valencia Industrial Center, the Rye Canyon Business Park, Old Town Newhall, and Centre Point Business Park. For more information on opening a business in the City of Santa Clarita, contact the City’s Economic Development Division at (661) 255-4369 or visit www.WorkSantaClarita.com.