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Week in review

Posted: June 11, 2011 1:55 a.m.
Updated: June 11, 2011 1:55 a.m.

“Leaders call on the Capitol”
As Californians teeter on economic recovery, ranks of the under-employed and unemployed continue to attest to a dismal job market.
The state’s response? Gov. Jerry Brown’s latest proposal would effectively gut the program of its real benefits. In response, five Santa Clarita Valley leaders urged state legislators this week to protect elements of the state’s Enterprise Zone Program, preserving benefits that encourage local companies to continue putting people back to work.

“To Mars and beyond”
Located in Valencia, Tri-Tek specializes in the design and construction of bulk cable for advanced multiconductor electrical wiring harnesses. The 24 year old company often works on many top-secret, mission-critical projects for the military and aerospace industries.

“Snapshot hints at turnaround”
No one can call an economic recovery with any certainty, but the city of Santa Clarita has tracked some signs of recovery in its latest economic snapshot report.
Sales tax revenue was up 7.7 percent in fourth quarter 2010 over the prior year. The hotel Transient Occupancy Tax was up 6.1 percent over the same period last year and location filming in March was up 12 percent.

“Embassy Suites Valencia sold in auction”
The Embassy Suites Valencia hotel was included in an auction sale of 64 hotels owned by Innkeepers USA Trust. The group of hotels had been in bankruptcy.
The bankruptcy court is expected to make its final ruling on the offer June 23. Hotel management will remain the same.
“All Valley celebrates the art of saving”
The All Valley Federal Credit Union celebrated its grand opening with the “Art Mobile,” a vehicle donated by BMW Valencia for children to paint on. Raffle prizes were awarded every hour, and one grand-prize winner took home an iPad. The KHTS AM 1220 fire truck was also on the scene for children to tour.

“Store to take seat in SCV”
Ashley Furniture Industries Inc. purchased the former Wickes furniture store building in Santa Clarita for $3.7 million. The property was only on the market for two or three months according to Lee & Associates who represented the seller.

“Group urges support of AB 32”
A group of California CEOs and business leaders sent a letter to Gov. Jerry Brown this week urging him to remain committed to fully implementing AB 32. The CEOs say that between their companies and business memberships, the group collectively employs tens of thousands of Californians.


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