Pacific Capital reports $7.9M net loss in Q1
Pacific Capital Bancorp, parent company of Santa Barbara Bank & Trust and the largest banking company in the Tri-Counties, said April 30 that it saw a net loss of $7.9 million, or 17 cents per diluted share, in the first quarter of 2009. In the same period last year, the company raked in a profit Read More →
UCSB scores $19M in stimulus money
The University of California, Santa Barbara, has landed $19 million in federal stimulus money for new energy research. The money will come in payments of $2 million to $5 million a year over the next five years. The university said the funding will help it improve technologies for efficient lighting, capturing solar energy and converting Read More →
Bankruptcy blues snag Lavender Court
The developer of Lavender Court, Carpinteria’s largest mixed-use project in years, has filed two Chapter 11 bankruptcies, leaving behind bank debts and contractors wondering how they will get paid for their work. Nick Narang was the force behind Lavender Court, a project with 40 condominium units and a 5,000-square-foot retail space on Carpinteria Avenue. Two Read More →
Gas firm rides rails to growth
Paso Robles-based propane marketer Delta Liquid Energy is on track for expansion — about 300 feet of track, to be exact. The company has just unveiled a new storage and distribution facility in Santa Maria that includes 300 feet of private railroad track, 90,000 gallons of propane storage capacity and a new office building that Read More →
Vida initiates S.O.S. program for charities
There’s more than one way to put your money where your mouth is. For one tri-county wealth management group, that means taking a hit so regional nonprofits have a fighting chance. As revenue streams dry up and grants get more competitive, some charities still have to pay wealth managers to ‘supervise’ their declining donations and Read More →
Blowing over the competition – JetAir produces efficient techniques that woo big names
JetAir Technologies likes to let its engineering speak for itself. Founded five years ago, the Ventura-based company engineers and produces industrial blowers and air knives that do everything from dry beer bottles to spread chemical coatings on catalytic converters. And though JetAir has just 11 employees, it’s landed household names such as General Motors, Budweiser Read More →
