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Economy

IRS Announces Early Start Date For Tax Filing Season This Year

On Monday, the Internal Revenue Service (IRS) announced that the tax filing season would begin earlier than usual in 2022. The IRS released a statement on Monday that the 2022 tax filing season would begin on Jan. 24, during which they are set to begin accepting and processing tax returns. “Planning for the nation’s filing season process is a massive ...

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Avoid Holiday Scams, Budget Wisely With L.A. Controller’s Financial Tips

Finance

Los Angeles Controller Ron Galperin released an online resource Friday to help residents manage their spending and avoid scams this holiday season.  As the chief financial officer for Los Angeles, it is Galperin’s job to ensure that public dollars are spent efficiently and effectively, while retaining residents’ financial security and stability, especially during the pandemic, according to a statement from ...

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U.S. Bancorp Takes Over Japan’s MUFG California Banking Franchise In $8 Billion Purchase 

union bank 092321

U.S. Bancorp announced Tuesday its official agreement to acquire Mitsubishi UFJ Financial Group’s core regional banking franchise, MUFG Union Bank, in a transaction merging the two premier organizations to provide improved service across west coast communities, including Santa Clarita.  Unanimously approved by the board of directors of both U.S. Bancorp and MUFG on Tuesday, the official transaction is expected to ...

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City Of Santa Clarita Establishes COVID-19 Rental Assistance Program

Hands holding money

The City of Santa Clarita voted to establish a COVID-19 Rental Assistance Program for low- and moderate-income residents during their City Council meeting Tuesday. Over the past year, the COVID-19 pandemic has greatly impacted the physical and financial wellbeing of Santa Clarita residents. In an effort to help individuals and families impacted by COVID-19, the City of Santa Clarita received ...

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Garcia Votes In Favor Of PPP Extension

Congressman Mike Garcia (1)

On Tuesday, Congressman Mike Garcia, R-Santa Clarita, joined lawmakers in voting in favor of House Resolution (HR) 1799, known as the Paycheck Protection Program (PPP) Extension Act of 2021. The Paycheck Protection Program Extension Act, voted for by Garcia on Tuesday, was reportedly designed to extend the PPP loan application from March 31 to May 31, 2021. “Small businesses are ...

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SCV Chamber Gives Chance To Win Money For Shopping Locally

Money in Wallet

The Santa Clarita Valley (SCV) Chamber of Commerce has announced its new Shop Local campaign, in which Santa Clarita residents are invited to shop locally, collect their receipts, and gain points in a contest to win money. The Shop Local campaign, started by the SCV Chamber of Commerce, is a program reportedly beginning in March in which residents are invited ...

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New Stimulus Bill Provides Relief To Low-Income Residents, Business Owners

California gov-gavin-newsom coronavirus

Governor Gavin Newsom signed the Golden State Stimulus package into law Tuesday, which many Santa Clarita Valley business owners and residents are set to have access to soon. The Golden State Stimulus package was signed into law Tuesday, providing relief to California’s small business owners and low-income residents, including those in the Santa Clarita Valley. “California will provide the Golden ...

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Santa Clarita Unemployment Up Nearly 145 Percent In 2020

Business - Laptop

The unemployment rate in the City of Santa Clarita has experienced a 144.8 percent increase in unemployment since January 2020, according to data from the Bureau of Labor Statistics (BLS). In October 2020, Santa Clarita reported an unemployment rate of 10.7 percent, which while down from the pandemic peak of 20.3 percent in April 2020, is still significantly higher than ...

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Beverage Manufacturer DrinkPak To Open Facility In Newhall At Needham Ranch

Needham-Ranch-Santa-Clarita-Newhall

Beverage manufacturer DrinkPak is set to open a manufacturing facility in Newhall, where they hope to employ 200 people and produce nearly two billion cans each year. On Tuesday, developers Trammell Crow Co. and Clarion Partners announced that DrinkPak, an alcoholic and non-alcoholic beverage manufacturer, had signed a seven-year lease for Building 2 at Needham Ranch in Newhall. “We are ...

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Santa Clarita Rent Average Up Since Start Of COVID-19 Pandemic, National Average Down

Santa Clarita Homes

Santa Clarita rent has gone up an average of 2.3 percent since the onset of the COVID-19 pandemic, while rent in many major cities across the nation has seen notable declines, according to a new report. While average rent has fallen in many cities across the county since the start of the COVID-19 pandemic and the accompanying economic slowdown, Santa ...

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