View Mobile Site

Ask the Expert

Signal Photos


UPDATE: Santa Clarita's EDC president resigns

Posted: May 23, 2013 11:50 a.m.
Updated: May 23, 2013 11:01 a.m.
Jonas Peterson, president and CEO, is leaving for Las Vegas. Jonas Peterson, president and CEO, is leaving for Las Vegas.
Jonas Peterson, president and CEO, is leaving for Las Vegas.

The man who built the infrastructure for the Santa Clarita Valley Economic Development Corp., and ran it as president and CEO, Jonas Peterson, submitted his resignation this week.

Peterson is reportedly going to Las Vegas to work on economic development efforts in the state.

He was first hired in June 2010 to get the newly formed Santa Clarita organization up and running.
Peterson’s last day will be June 28, said a source familiar with the move.

“As the first CEO for the SCVEDC, Jonas has done a remarkable job of helping to create a strong foundation for businesses to grow and prosper in our community,” said City Manager Ken Striplin, city of Santa Clarita.

Under Peterson’s tenure, the organization has helped attract companies to relocate to the region thereby bringing more jobs to the area.

The SCVEDC also helped local businesses take advantage of Enterprise Zone and other tax credits to weather the economic recession, as well as remain in business and even expand.

In 2012, the EDC reported that it helped 59 businesses grow, creating 2,881 jobs, said Jonas Peterson.

“Just over one-third, or 1,005, of those jobs are new positions to Santa Clarita Valley,” Peterson said on Wednesday.

The move surprised the executive committee and board members, said co-chair Don Fleming.

But, Peterson moving on wasn’t to be unexpected in that he’s a “very talented young man and hot property now,” with EDCs across the country following his accomplishments locally, Fleming said.

“Jonas has led our organization to remarkable results over the last 3 years and, as our first CEO, has set the bar high,” Fleming said. “Under his leadership, SCVEDC has quickly emerged as one of the most productive economic development organizations in the state.”

The SCVEDC board accepted Peterson’s resignation on Wednesday and will begin a search for his replacement immediately, he said.

“We’ll be looking for the right energy, somebody that knows and understands our community,” Fleming said.

On April 9, the city of Santa Clarita pledged its ongoing support of the SCVEDC’s efforts by granting the organization a three-year contract worth $600,000.

The SCVEDC helped secure a big win for local businesses by working with Los Angeles County and the city of Santa Clarita to expand the city’s Enterprise Zone program valley-wide.

The expansion is on track to provide hundreds of millions of dollars in tax savings to local firms, a spokesman said in a press release late Thursday morning.

“I believe the organization we’ve set up will benefit the people of Santa Clarita Valley for years to come,” Peterson said.

In addition to working with companies, the SCVEDC took over the California Economic Forecast conference in 2011, changing the name to the SCV Economic & Real Estate Outlook conference.

Originally developed by Chicago Title and First American Title, and largely sponsored by Newhall Land and Farming, the first conference was held in the Santa Clarita Valley in 2001, according to Mark Schniepp, director of the California Economic Forecast, an economic consulting firm.

Last year, it also attracted the Valley Economic Development Center’s “Where’s the Money” conference. Both events were heavily attended.

The move was a “great opportunity that just fell in his lap,” Peterson said.



Most Popular Articles

There are no articles at this time.
Commenting not available.
Commenting is not available.


Powered By
Morris Technology
Please wait ...