Top Stories View All →

Amgen cuts jobs at Thousand Oaks headquarters as drug focus narrows

A scientist works in a lab at Thousand Oaks-based Amgen. (courtesy photo).

By   15 hours ago

  Thousand Oaks-based biotech giant Amgen has entered a new era in which a leaner organization focuses on shepherding 10 late-stage molecules into an increasingly competitive global market. Amgen said July 29 that it will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that […]

Read More →

Santa Maria farmer files Chapter 7 amid legal battle with bank

By   15 hours ago

A Santa Maria produce broker and farmer has filed for Chapter 7 bankruptcy with about $1 million in assets and $9 million in liabilities as his family companies sue the region’s largest bank on allegations that it failed to come through on millions of dollars in promised loans.

Read More →

A deep dive into real estate: Sandpiper slated to close first investment pool

Sandpiper Capital Partners owner Justin Egerer.  (Nik Blaskovich / Business Times photo)

By   15 hours ago

Sandpiper Capital Partners is testing the depth of its investor network as it gets ready to close its first pooled real estate investment fund at the end of July.

Read More →

OCB Bancorp taps Ortega to open Santa Barbara branch

Dave Brubaker, left, recruited longtime South Coast banker Eloy Ortega to open a Santa Barbara branch of Ojai Community Bank. (Nik Blaskovich / Business Times photo)

By   15 hours ago

The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.

Read More →

Small beachside town seeks developer with the right touch

An aerial video of the Harbor Terrace site and San Luis Obispo Bay. (courtesy photo)

By   15 hours ago

The Port San Luis Harbor District has released a request for proposals from qualified companies interested in taking on the redevelopment of the 32-acre RV resort and campground known as Harbor Terrace.

Read More →

Snatching a larger slice: Persona pizzeria plots nationwide expansion

Persona Neapolitan Pizza opened on State Street in downtown Santa Barbara last year. It now hopes to have 250 franchise locations around the country within five years. (courtesy photo)

By   15 hours ago

Santa Barbara-based Persona Neapolitan Pizza is embarking on a nationwide expansion as competition heats up in the fast-casual, wood-fired pizza market.

Read More →

Direct Relief seeks to purchase airport land for new campus

By   23 hours ago

The Santa Barbara City Council is slated to hear a proposal from Direct Relief, the largest nonprofit headquartered in the region, to buy a parcel of land near the municipal airport and build a 125,000-square-foot facility there. Goleta-based Direct Relief has outgrown its existing facility and wants to build a 100,000-square-foot warehouse and 25,000 square […]

Read More →

Caruso pushes forward with scaled-back Miramar plans

Previously planned for 186 rooms, the Miramar proposal calls for 170 guestrooms, including 27 oceanfront rooms and suites, among them a freestanding 3,800-square-foot presidential suite. (courtesy image)

By   1 day ago

  Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the […]

Read More →

Small Business View All →

Portable power: Ojai firm makes battery systems that can go anywhere

OESWEB1

By   15 hours ago

An Ojai company’s creation that started as a way to run camera and lighting gear for on-location film shoots has evolved into a battery system that can power everything from military forces in Afghanistan to an off-grid organic vodka distillery in Hawaii.

Read More →

Snatching a larger slice: Persona pizzeria plots nationwide expansion

Persona Neapolitan Pizza opened on State Street in downtown Santa Barbara last year. It now hopes to have 250 franchise locations around the country within five years. (courtesy photo)

By   15 hours ago

Santa Barbara-based Persona Neapolitan Pizza is embarking on a nationwide expansion as competition heats up in the fast-casual, wood-fired pizza market.

Read More →

Announcing the 2014 Spirit of Small Business winners

Mark Steller, owner of Old Town Market in Orcutt and this year’s North Santa Barbara County Spirit of Small Business award winner. (Nik Blaskovich photo)

By   1 week ago

The Pacific Coast Business Times is pleased to announce our 2014 class of Spirit of Small Business award winners. The annual special section, now in its 12th year, celebrates small-business ownership and entrepreneurship in the Tri-Counties.

Read More →

Keeping Score: Nonprofit business advisers celebrate 50 years

FuelBoxWEB2

By   1 week ago

  The business-advice nonprofit Score just turned 50, but the advice it provides is ageless. The national organization is celebrating its 50th anniversary this year, and the San Luis Obispo branch is celebrating 30 years. For half a century, Score has provided free or low-cost mentoring and workshops to entrepreneurs and business owners around the […]

Read More →

Tracking trucks: ClearPathGPS offers fleet monitoring from the cloud

Chris Fowler, left, and Steve Wells are two veteran software executives who founded Santa Barbara-based ClearPathGPS. The service allows owners of commercial vehicle fleets to track drivers, fuel usage, maintenance schedules and more. (Stephen Nellis / Business Times photo)

By   2 weeks ago

Two Santa Barbara software veterans have started ClearPathGPS to make that technology affordable and easy to use for fleets as small as five vehicles.

Read More →

A labor of leather: Craftsman adds artisan touch to family trade

Steven Soria, a third-generation leather craftsman in Santa Barbara, launched Make Smith last year. The business makes purses, wallets, belts and home goods such as coasters and pot handles at a small shop on De La Guerra Street. (Nik Blaskovich / Business Times photo)

By   3 weeks ago

With the warm, heavy smell of leather in the air, Steven Soria sits in his single-room shop in downtown Santa Barbara amid work tables crowded with metal machinery and tools.

Read More →

Playing your cards right: How to pick a payment processing service

Cynthia Villalobos, a barista at Green Star Coffee in Santa Barbara, swipes a customer's card. An iPad makes up the business’ entire point-of-sales system, 
with the ShopKeep app tracking sales and cash payments and Square handling credit card processing. (Nik Blaskovich / Business Times photo)

By   3 weeks ago

The Business Times spoke with several retailers and merchant-processing services to find out what sorts of factors small-business owners should weigh when deciding on a point-of-sales system.

Read More →

American Dream, millennial edition: Young restaurateurs in Isla Vista

Daniel Dunietz, left, owns Buddha Bowls in Isla Vista, while Sean Evans owns the Jimmy John’s restaurant next door. Both entrepreneurs are in their 20s and moved to the college town to start their own businesses. (Nik Blaskovich / Business Times photo)

By   4 weeks ago

Daniel Dunietz and Sean Evans, both in their 20s, enjoy a friendly rivalry as neighboring small-business owners in the student-dominated community of Isla Vista, next to UC Santa Barbara.

Read More →

Technology View All →

Amgen cuts jobs at Thousand Oaks headquarters as drug focus narrows

A scientist works in a lab at Thousand Oaks-based Amgen. (courtesy photo).

By   15 hours ago

  Thousand Oaks-based biotech giant Amgen has entered a new era in which a leaner organization focuses on shepherding 10 late-stage molecules into an increasingly competitive global market. Amgen said July 29 that it will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that […]

Read More →

Portable power: Ojai firm makes battery systems that can go anywhere

OESWEB1

By   15 hours ago

An Ojai company’s creation that started as a way to run camera and lighting gear for on-location film shoots has evolved into a battery system that can power everything from military forces in Afghanistan to an off-grid organic vodka distillery in Hawaii.

Read More →

Invested.in founder launches platform for accredited investors

By   15 hours ago

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

Read More →

Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ

Thousand Oaks-based biotech giant Amgen is the region's largest private employer and only blue-chip stock. (Amgen courtesy photo)

By   3 days ago

Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that […]

Read More →

Teledyne revenues dip as profits, outlook rise

By   1 week ago

Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.

Read More →

Allergan’s South Coast exit reshapes breast implant industry

By   1 week ago

The region’s status changed dramatically on July 21 when Irvine-based Allergan announced that it would shutter its Santa Barbara operations and eliminate 300 jobs there.

Read More →

A clean start: Emissions firm names new CEO, moves back home

Clean Diesel Technologues assemblyworkers at its Oxnard factory, where the company is consolidating its headquarters. The firm recently promoted executive Chris Harris to CEO as it works toward profitability. (Nik Blaskovich / Business Times photo)

By   1 week ago

Clean Diesel Technologies has a new CEO and an old headquarters.

Read More →

New Yorker faces SEC charges over Clean Diesel trades

By   1 week ago

A New York investor relations executive has been charged with insider trading for using knowledge gained preparing press releases for Oxnard-based Clean Diesel Technologies for personal profit.

Read More →

Real Estate View All →

A deep dive into real estate: Sandpiper slated to close first investment pool

Sandpiper Capital Partners owner Justin Egerer.  (Nik Blaskovich / Business Times photo)

By   15 hours ago

Sandpiper Capital Partners is testing the depth of its investor network as it gets ready to close its first pooled real estate investment fund at the end of July.

Read More →

Small beachside town seeks developer with the right touch

An aerial video of the Harbor Terrace site and San Luis Obispo Bay. (courtesy photo)

By   15 hours ago

The Port San Luis Harbor District has released a request for proposals from qualified companies interested in taking on the redevelopment of the 32-acre RV resort and campground known as Harbor Terrace.

Read More →

Direct Relief seeks to purchase airport land for new campus

By   23 hours ago

The Santa Barbara City Council is slated to hear a proposal from Direct Relief, the largest nonprofit headquartered in the region, to buy a parcel of land near the municipal airport and build a 125,000-square-foot facility there. Goleta-based Direct Relief has outgrown its existing facility and wants to build a 100,000-square-foot warehouse and 25,000 square […]

Read More →

Caruso pushes forward with scaled-back Miramar plans

Previously planned for 186 rooms, the Miramar proposal calls for 170 guestrooms, including 27 oceanfront rooms and suites, among them a freestanding 3,800-square-foot presidential suite. (courtesy image)

By   1 day ago

  Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the […]

Read More →

A clean start: Emissions firm names new CEO, moves back home

Clean Diesel Technologues assemblyworkers at its Oxnard factory, where the company is consolidating its headquarters. The firm recently promoted executive Chris Harris to CEO as it works toward profitability. (Nik Blaskovich / Business Times photo)

By   1 week ago

Clean Diesel Technologies has a new CEO and an old headquarters.

Read More →

Pacific Hospitality plans multimillion-dollar facelift for Bacara

bacara-poolWEB

By   1 week ago

The 360-room Bacara Resort & Spa is slated to undergo a multimillion-dollar top-to-bottom renovation in coming years.

Read More →

Downtown Oxnard shops struggle against The Collection’s clout

By   1 week ago

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

Read More →

Santa Maria, remixed: City looks for winning formula

Santa Barbara County’s largest city is counting on projects such as a new 14-screen Edwards Theatres to give its downtown district a new look for the 21st Century. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

A year after Santa Maria got a new theater complex and a Fallas Discount Store moved into the space formerly occupied by a Mervyn’s department store, city leaders are still scratching their heads over how best to revitalize its struggling retail core.

Read More →

Banking & Finance View All →

Santa Maria farmer files Chapter 7 amid legal battle with bank

By   15 hours ago

A Santa Maria produce broker and farmer has filed for Chapter 7 bankruptcy with about $1 million in assets and $9 million in liabilities as his family companies sue the region’s largest bank on allegations that it failed to come through on millions of dollars in promised loans.

Read More →

OCB Bancorp taps Ortega to open Santa Barbara branch

Dave Brubaker, left, recruited longtime South Coast banker Eloy Ortega to open a Santa Barbara branch of Ojai Community Bank. (Nik Blaskovich / Business Times photo)

By   15 hours ago

The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.

Read More →

Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ

Thousand Oaks-based biotech giant Amgen is the region's largest private employer and only blue-chip stock. (Amgen courtesy photo)

By   3 days ago

Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that […]

Read More →

Heritage Oaks Q2 profits jump 25%

By   3 days ago

Paso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to […]

Read More →

Community West Bank profits fall 19.8 percent

By   1 week ago

Goleta-based Community West Bancshares, the holding company for Community West Bank, reported that earnings per diluted share fell to $0.18 for the second quarter while net interest income rose to $6.3 million.

Read More →

Teledyne revenues dip as profits, outlook rise

By   1 week ago

Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.

Read More →

Ventura County’s ripe farm loan market drives $15.3M bank deal

By   1 week ago

Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central […]

Read More →

A clean start: Emissions firm names new CEO, moves back home

Clean Diesel Technologues assemblyworkers at its Oxnard factory, where the company is consolidating its headquarters. The firm recently promoted executive Chris Harris to CEO as it works toward profitability. (Nik Blaskovich / Business Times photo)

By   1 week ago

Clean Diesel Technologies has a new CEO and an old headquarters.

Read More →

Opinion View All →

Dubroff: Wall Street rattles the West Coast, shaking up Amgen and Allergan

Henry Dubroff

By   15 hours ago

What happens on Wall Street is having a direct impact on West Coast jobs, with indirect effects on housing and other markets.

Read More →

Op/ed: No easy answers in affirmative action debate

By   15 hours ago

Last month, a federal appeals court revived the longstanding debate over affirmative action when it ruled that a race-conscious admissions policy at the University of Texas at Austin was constitutional.

Read More →

Op/ed: Collaboration is the key to ending hunger in the Tri-Counties

Ventura County FOOD Share CEO Bonnie Weigel, right, with Nobel laureate Muhammad Yunus.  (courtesy photo)

By   1 week ago

During the past five years, Ventura County FOOD Share has gone from serving 33,000 people per month to more than 74,500 today.

Read More →

Editorial: Power rides into auto history

By   1 week ago

We’ll take a few words to recognize J.D. “Dave” Power, this year’s Business Times Hall of Fame inductee, for yet another honor. The man who masterminded the ubiquitous brass, black and glass awards is picking up some additional hardware this week in Detroit. That’s because he’s being inducted this year into the Automotive Hall of […]

Read More →

Entrepreneurs thrive in years after celebration in Spirit awards

Henry Dubroff

By   1 week ago

C’est Cheese is not the only Spirit of Small Business winner we’ve seen grow up a lot over the years.

Read More →

Editorial: Cuyama solar array reignites region’s energy prospects

By   1 week ago

Santa Barbara County’s ability to embrace a large-scale energy project of any kind got a major test on July 22, when its planning commission heard testimony about the proposed 40-megawatt Cuyama Solar Project. Developed by First Solar, which previously owned the 550-megawatt Topaz Solar Farm project in San Luis Obispo County, this project would modestly […]

Read More →

Editorial: VCHCA earns high-profile grant to study disease

By   2 weeks ago

While diabetes, cancer and heart disease grab the headlines and the lion’s share of grant funding, other major illnesses can fall off the map.

Read More →

Editorial: Thanks, but we’ll stay in California

By   2 weeks ago

Oh no, not L.A. Reports that a proposed initiative to split California into six states might make the ballot in 2016 has our blood boiling. That’s because the author of the cockamamie scheme, Bay Area venture capitalist Tim Draper, insists on lumping Ventura, Santa Barbara and San Luis Obispo counties together with Los Angeles County […]

Read More →

East Ventura County View All →

Amgen cuts jobs at Thousand Oaks headquarters as drug focus narrows

A scientist works in a lab at Thousand Oaks-based Amgen. (courtesy photo).

By   15 hours ago

  Thousand Oaks-based biotech giant Amgen has entered a new era in which a leaner organization focuses on shepherding 10 late-stage molecules into an increasingly competitive global market. Amgen said July 29 that it will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that […]

Read More →

A deep dive into real estate: Sandpiper slated to close first investment pool

Sandpiper Capital Partners owner Justin Egerer.  (Nik Blaskovich / Business Times photo)

By   15 hours ago

Sandpiper Capital Partners is testing the depth of its investor network as it gets ready to close its first pooled real estate investment fund at the end of July.

Read More →

OCB Bancorp taps Ortega to open Santa Barbara branch

Dave Brubaker, left, recruited longtime South Coast banker Eloy Ortega to open a Santa Barbara branch of Ojai Community Bank. (Nik Blaskovich / Business Times photo)

By   15 hours ago

The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.

Read More →

Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ

Thousand Oaks-based biotech giant Amgen is the region's largest private employer and only blue-chip stock. (Amgen courtesy photo)

By   3 days ago

Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that […]

Read More →

Ventura County’s ripe farm loan market drives $15.3M bank deal

By   1 week ago

Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central […]

Read More →

Announcing the 2014 Spirit of Small Business winners

Mark Steller, owner of Old Town Market in Orcutt and this year’s North Santa Barbara County Spirit of Small Business award winner. (Nik Blaskovich photo)

By   1 week ago

The Pacific Coast Business Times is pleased to announce our 2014 class of Spirit of Small Business award winners. The annual special section, now in its 12th year, celebrates small-business ownership and entrepreneurship in the Tri-Counties.

Read More →

Keeping Score: Nonprofit business advisers celebrate 50 years

FuelBoxWEB2

By   1 week ago

  The business-advice nonprofit Score just turned 50, but the advice it provides is ageless. The national organization is celebrating its 50th anniversary this year, and the San Luis Obispo branch is celebrating 30 years. For half a century, Score has provided free or low-cost mentoring and workshops to entrepreneurs and business owners around the […]

Read More →

Rewinding the tape: After ouster, Qualstar consolidates in Simi Valley

A year ago, the management team at Simi Valley-based Qualstar was ousted by Florida-based BKF Capital, which vowed to cut costs and executive compensation while expanding international sales.  (Stephen Nellis / Business Times photo)

By   2 weeks ago

One year after outside investors ousted Simi Valley-based Qualstar’s management and installed a new team, the company has reduced expenses and is working towards profitability.

Read More →

West Ventura County View All →

A deep dive into real estate: Sandpiper slated to close first investment pool

Sandpiper Capital Partners owner Justin Egerer.  (Nik Blaskovich / Business Times photo)

By   15 hours ago

Sandpiper Capital Partners is testing the depth of its investor network as it gets ready to close its first pooled real estate investment fund at the end of July.

Read More →

Portable power: Ojai firm makes battery systems that can go anywhere

OESWEB1

By   15 hours ago

An Ojai company’s creation that started as a way to run camera and lighting gear for on-location film shoots has evolved into a battery system that can power everything from military forces in Afghanistan to an off-grid organic vodka distillery in Hawaii.

Read More →

OCB Bancorp taps Ortega to open Santa Barbara branch

Dave Brubaker, left, recruited longtime South Coast banker Eloy Ortega to open a Santa Barbara branch of Ojai Community Bank. (Nik Blaskovich / Business Times photo)

By   15 hours ago

The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.

Read More →

Ventura County’s ripe farm loan market drives $15.3M bank deal

By   1 week ago

Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central […]

Read More →

Announcing the 2014 Spirit of Small Business winners

Mark Steller, owner of Old Town Market in Orcutt and this year’s North Santa Barbara County Spirit of Small Business award winner. (Nik Blaskovich photo)

By   1 week ago

The Pacific Coast Business Times is pleased to announce our 2014 class of Spirit of Small Business award winners. The annual special section, now in its 12th year, celebrates small-business ownership and entrepreneurship in the Tri-Counties.

Read More →

Keeping Score: Nonprofit business advisers celebrate 50 years

FuelBoxWEB2

By   1 week ago

  The business-advice nonprofit Score just turned 50, but the advice it provides is ageless. The national organization is celebrating its 50th anniversary this year, and the San Luis Obispo branch is celebrating 30 years. For half a century, Score has provided free or low-cost mentoring and workshops to entrepreneurs and business owners around the […]

Read More →

New Yorker faces SEC charges over Clean Diesel trades

By   1 week ago

A New York investor relations executive has been charged with insider trading for using knowledge gained preparing press releases for Oxnard-based Clean Diesel Technologies for personal profit.

Read More →

Teledyne dives into underwater drone business with Ocean Aero deal

By   3 weeks ago

While other companies look to the skies for drone business opportunities, Teledyne Technologies is looking to the seas. The Thousand Oaks-based conglomerate has been investing in so-called autonomous underwater vehicles that are used by oceanographers, oil and gas companies and for military missions. On July 2, Teledyne invested in a San Diego company called Ocean […]

Read More →

South Coast View All →

A deep dive into real estate: Sandpiper slated to close first investment pool

Sandpiper Capital Partners owner Justin Egerer.  (Nik Blaskovich / Business Times photo)

By   15 hours ago

Sandpiper Capital Partners is testing the depth of its investor network as it gets ready to close its first pooled real estate investment fund at the end of July.

Read More →

OCB Bancorp taps Ortega to open Santa Barbara branch

Dave Brubaker, left, recruited longtime South Coast banker Eloy Ortega to open a Santa Barbara branch of Ojai Community Bank. (Nik Blaskovich / Business Times photo)

By   15 hours ago

The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.

Read More →

Snatching a larger slice: Persona pizzeria plots nationwide expansion

Persona Neapolitan Pizza opened on State Street in downtown Santa Barbara last year. It now hopes to have 250 franchise locations around the country within five years. (courtesy photo)

By   15 hours ago

Santa Barbara-based Persona Neapolitan Pizza is embarking on a nationwide expansion as competition heats up in the fast-casual, wood-fired pizza market.

Read More →

Direct Relief seeks to purchase airport land for new campus

By   23 hours ago

The Santa Barbara City Council is slated to hear a proposal from Direct Relief, the largest nonprofit headquartered in the region, to buy a parcel of land near the municipal airport and build a 125,000-square-foot facility there. Goleta-based Direct Relief has outgrown its existing facility and wants to build a 100,000-square-foot warehouse and 25,000 square […]

Read More →

Caruso pushes forward with scaled-back Miramar plans

Previously planned for 186 rooms, the Miramar proposal calls for 170 guestrooms, including 27 oceanfront rooms and suites, among them a freestanding 3,800-square-foot presidential suite. (courtesy image)

By   1 day ago

  Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the […]

Read More →

Heritage Oaks Q2 profits jump 25%

By   3 days ago

Paso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to […]

Read More →

Allergan’s South Coast exit reshapes breast implant industry

By   1 week ago

The region’s status changed dramatically on July 21 when Irvine-based Allergan announced that it would shutter its Santa Barbara operations and eliminate 300 jobs there.

Read More →

Announcing the 2014 Spirit of Small Business winners

Mark Steller, owner of Old Town Market in Orcutt and this year’s North Santa Barbara County Spirit of Small Business award winner. (Nik Blaskovich photo)

By   1 week ago

The Pacific Coast Business Times is pleased to announce our 2014 class of Spirit of Small Business award winners. The annual special section, now in its 12th year, celebrates small-business ownership and entrepreneurship in the Tri-Counties.

Read More →

Central Coast View All →

Santa Maria farmer files Chapter 7 amid legal battle with bank

By   15 hours ago

A Santa Maria produce broker and farmer has filed for Chapter 7 bankruptcy with about $1 million in assets and $9 million in liabilities as his family companies sue the region’s largest bank on allegations that it failed to come through on millions of dollars in promised loans.

Read More →

Small beachside town seeks developer with the right touch

An aerial video of the Harbor Terrace site and San Luis Obispo Bay. (courtesy photo)

By   15 hours ago

The Port San Luis Harbor District has released a request for proposals from qualified companies interested in taking on the redevelopment of the 32-acre RV resort and campground known as Harbor Terrace.

Read More →

Heritage Oaks Q2 profits jump 25%

By   3 days ago

Paso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to […]

Read More →

Announcing the 2014 Spirit of Small Business winners

Mark Steller, owner of Old Town Market in Orcutt and this year’s North Santa Barbara County Spirit of Small Business award winner. (Nik Blaskovich photo)

By   1 week ago

The Pacific Coast Business Times is pleased to announce our 2014 class of Spirit of Small Business award winners. The annual special section, now in its 12th year, celebrates small-business ownership and entrepreneurship in the Tri-Counties.

Read More →

Keeping Score: Nonprofit business advisers celebrate 50 years

FuelBoxWEB2

By   1 week ago

  The business-advice nonprofit Score just turned 50, but the advice it provides is ageless. The national organization is celebrating its 50th anniversary this year, and the San Luis Obispo branch is celebrating 30 years. For half a century, Score has provided free or low-cost mentoring and workshops to entrepreneurs and business owners around the […]

Read More →

GoBiz director calls on communities to invest in workforce development

GoBiz director Kish Rajan (courtesy photo)

By   1 week ago

California’s sometimes inward-looking cities need to make economic and business development a key part of their plans. And they will probably have more success if they can think regionally about workforce and business issues. That was the message that Kish Rajan, director of the Governor’s Office of Business & Economic Development, or GoBiz, brought to […]

Read More →

Santa Maria, remixed: City looks for winning formula

Santa Barbara County’s largest city is counting on projects such as a new 14-screen Edwards Theatres to give its downtown district a new look for the 21st Century. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

A year after Santa Maria got a new theater complex and a Fallas Discount Store moved into the space formerly occupied by a Mervyn’s department store, city leaders are still scratching their heads over how best to revitalize its struggling retail core.

Read More →

Chumash winemaker brings European training to tribe’s new enterprise

Tara Gomez of the Santa Ynez Band of Chumash Indians is the country’s only Native American winemaker. (Tom Bronzini / Business Times photo)

By   2 weeks ago

The nation’s only Native American winemaker is a young woman from the Santa Ynez Band of Chumash Indians who was ready for the challenge when the tribe entered the wine business.

Read More →