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October 18
1876 - Southern Pacific begins subdividing town of Newhall (original location at Bouquet Junction) [story]
Campton store


Wednesday morning, two of Rep. Steve Knight’s (CA-25) bills passed out of the House Small Business Committee.

Two bills, H.R. 2333, Small Business Investment Opportunity Act of 2017 and H.R. 2763, the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Improvements Act of 2017 were introduced to Congress earlier this year. The goal of the bipartisan legislation is to help small businesses compete fairly, whether it’s contracting with the federal government or the ability to access capital.

“Access to capital can be a serious barrier to growth for small businesses, and the SBIC program is an excellent way of making those funds available,” said Knight. “This bill would expand the amount of capital available to the entrepreneurs in our community to help them grow their operations and hire more of our neighbors.”

The Small Business Investment Opportunity Act would make improvements to the Small Business Investment Company (SBIC) Program, an initiative administered by the Small Business Administration (SBA) that allows privately owned and managed investment funds called SBICs to invest in small businesses. Current law limits the amount of capital SBICs can invest in growing firms. Knight’s bill would raise that limit so small businesses can have access to additional funds that would help them expand their companies and hire new employees.

“One of the greatest challenges small businesses face is accessing the capital needed to grow and create jobs,” said Alliance President Brett Palmer. “SBIA thanks committee Chairman Steve Chabot, Ranking Member Nydia Velázquez, and the members of the House Small Business Committee for working in a bipartisan manner to help small businesses succeed. Both bills facilitate private investment while safeguarding the taxpayer protections that have made the SBIC program successful. With this legislation, SBICs can continue to support the success of our nation’s small businesses and the creation of new domestic jobs,”

Knight, who was chosen last year by Speaker Ryan to negotiate the SBIR and STTR portion of the National Defense Authorization Act of FY17, continued his work this year and held a Joint hearing with the House Science, Space and Technology Subcommittee on Research and Technology to collaborate on legislation to improve the SBIR and STTR programs.

“In this age of emerging threats and a fast pace global market, it is out of necessity that our economy and our defense remains agile and cutting edge,” said Rep. Knight. “That is why programs like the SBIR and STTR are so important. Small business innovation in particular has proven to be an asset to our industrial base which is critical to our national defense.”

H.R. 2763 holds the SBA accountable while spurring innovation by requiring that the SBA give a comprehensive report of the SBIR and STTR programs to Congress by December 31 of each year. Additionally, the legislation will hold the Department of Defense (DOD) accountable to stimulate technological innovation by requiring the DOD include more SBIR and STTR developed technology in larger programs of record.

The Small Business Investment Opportunity Act currently awaits the House floor while The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Improvements Act of 2017 awaits assignment to additional committees before it is sent to the House floor for votes.

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SCV NewsBreak
LOCAL NEWS HEADLINES
Monday, Oct 18, 2021
MB2 Entertainment Bringing Fun Back to Former Mountasia Property
Each time the MB2 Entertainment owners — who happen to be not only business leaders but also two longtime Santa Clarita Valley residents — drove past the Mountasia Family Fun Center, they felt a pull to revitalize the SCV staple.
Monday, Oct 18, 2021
Purple Palooza 5K Walk Brings Awareness to Domestic Violence
Amy Green was a young woman when she fell into a cycle of abuse that began with a relationship with the wrong man and led her to an addiction to heroin.
Friday, Oct 15, 2021
Camp Scott Placed on Short List for Future Juvenile, Young Adult Offenders
The Saugus-based Camp Scott was placed on a short list of potential future sites for the county’s violent youth and young adult offenders, officials said Friday.
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Each time the MB2 Entertainment owners — who happen to be not only business leaders but also two longtime Santa Clarita Valley residents — drove past the Mountasia Family Fun Center, they felt a pull to revitalize the SCV staple.
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Amy Green was a young woman when she fell into a cycle of abuse that began with a relationship with the wrong man and led her to an addiction to heroin.
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1876 - Southern Pacific begins subdividing town of Newhall (original location at Bouquet Junction) [story]
Campton store
1837 - Trapper Peter LaBeck killed by grizzly bear at El Tejon [story]
Peter LaBeck
1853 - Sarah Gifford, community leader and wife of Newhall's first railroad station agent, born in England [story]
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Camp Scott Placed on Short List for Future Juvenile, Young Adult Offenders
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The Santa Clarita City Council unanimously approved a resolution Tuesday calling for more local control over zoning laws and land use.
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After Colleen Shaffer was diagnosed with breast cancer in 1999, she decided she wanted to help others who were on the same uncertain journey she was on — so she hosted a tea party in her backyard where supporters showed up for her and on behalf of cancer patients.
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Women and men gathered on top of Old Town Newhall’s parking structure Thursday for an evening of drinks and recognition of local leaders in the film industry as part of Zonta’s women’s film festival, Lunafest.
Zonta’s Lunafest Empowers Women Through Filmmaking
On Oct. 15, Princess Cruises marked the return to service of the cruise line’s third ship in the U.S. – Emerald Princess – departing from the Port of Los Angeles on a 15-day Panama Canal cruise to Ft. Lauderdale.
Emerald Princess Debuts as Fifth Princess Ship to Return to Cruise Vacation Service
Two out of five league games have been completed as the Foothill League inches closer to the CIF playoffs. The Saugus Centurions and the West Ranch Wildcats remain the only unbeaten teams, setting up for a showdown in the coming weeks, which may decide the Foothill League champion.
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Foothill League girls golfers tested their skills Wednesday at The Oaks Club at Valencia, which is considered one of the longer courses in the league, and the West Ranch Wildcats still prevailed, pulling some of their best numbers from the entire season.
West Ranch Girls Golf Wins Fifth League Match in a Row
In a red carpet event held at the Laemmle Theatres in Newhall, Square Zero Films filmmakers and NAACP Santa Clarita members celebrated the world premiere of the sports documentary “SCRUM.”
NAACP Santa Clarita, Square Zero Films Celebrate World Premiere of ‘SCRUM’
1939 - Second, larger OLPH Catholic Church dedicated on site of first (10th & Walnut, Newhall) [story]
OLPH
Princess is announcing plans for additional ships returning to service in the United States for February, March and April 2022 sailing from Los Angeles, Seattle, Vancouver and Ft. Lauderdale.
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LACoFD Announces Red Flag Warnings for Santa Clarita This Weekend
The Los Angeles County Department of Public Health confirmed Thursday 19 new deaths and 1,142 new cases of COVID-19 countywide, with 36,556 total cases in the Santa Clarita Valley.
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More than half of Los Angeles County residents, including those in the Santa Clarita Valley, live in a community deemed highly exposed to impending and severe climate impacts, according to a study released Thursday by the County’s Chief Sustainability Office (CSO).
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