SANTA CLARITA, CA—The Santa Clarita Valley Economic Development Corporation has launched a new financial incentive program to attract industry to the area.

In partnership with the County of Los Angeles, $200,000 has been made available to support an Industry Cluster Attraction Incentive (ICAI). The goal of ICAI is to attract new businesses in SCVEDC's target industries to the Santa Clarita Valley.

To attract new businesses in the target industry clusters, SCVEDC will award incentives of up to $40,000 each to qualifying companies.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.