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Giving back: Montecito Bank & Trust gifts nonprofits $1 million

By   1 day ago

For the 12th consecutive year, Montecito Bank & Trust kicked off Thanksgiving week with $1 million in corporate gifts to regional nonprofits. Precisely 184 organizations received checks at a Nov. 24 luncheon at the Coral Casino at the Four Seasons Santa Barbara Biltmore under a program that the region’s biggest privately owned bank calls “Community […]

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North American Oil warns it could run out of cash

By   5 days ago

Unless North American Oil & Gas Corp. can raise enough capital to cover its operating expenses by Dec. 31, the Ventura company could be forced to close down.

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Running on empty: Ventura County puts curbs on water well drilling

By   5 days ago

As the Sustainable Groundwater Management Act sits on the table for 2015, some water wells in the Tri-Counties are already facing new limitations after the Ventura County Board of Supervisors issued an emergency well-drilling moratorium on Oct. 28 with a 4-1 vote.

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Edison taps area company to add storage

By   5 days ago

Five companies received 260-megawatts’ worth of energy storage deals, with the other 2000-megawatts worth of contracts allocated toward energy efficiency, demand response, behind-the-meter renewables and gas-fired generation, with natural being the biggest winner.

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Health-care giants tangle over emergency room billing

By   5 days ago

In its suit, filed Nov. 12, Sierra Vista Hospital says that Oakland-based Kaiser Foundation Health Plan owes it thousands of dollars for treating patients who showed up at its emergency room and were treated.

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Allan Hancock College rolls out a new winery on campus

Alfredo Koch, of Allan Hanckock College’s viticulture and enology program. (Courtesy image)

By   5 days ago

This fall, students at the community college in Santa Maria moved to a new campus winery that has the look and scale of a commercial operation.

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SLO land-use battle continues over update to general plan

By   5 days ago

Resident Kevin Rice announced recently that he is organizing a committee and seeking contributions to support a referendum election to overturn any future city council vote overruling the Airport Land Use Commission’s charge that the General Plan’s Land Use and Circulation Element doesn’t fit the Airport Land Use Plan.

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Ormond Beach cleanup paves way for ag research center, office park

A map of the proposed layout for the 235-acre area of Ormond Beach where an agricultural research center could take shape. (Courtesy image)

By   5 days ago

While the potential project has received some fanfare, it’s still only conceptual and so far there is no official commitment from the UC.

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Small Business View All →

Teenage powerhouse revolutionizes cinemas for hearing impaired

By   5 days ago

Valedictorian will be an afterthought on resumes for Alexandra Kukoff, a half-deaf, 15-year-old Thousand Oaks-native who is attending high school and college simultaneously, working towards her associate’s degree in women’s history.

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End of the road: Family business loses bus contract

Chap Morris, owner of bus service Fillmore Area Transit Corp., stands alongside one of the company’s buses. After 40 years in business, the firm will shutter by February. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

FATCO will end its current contract with Ventura County Transportation Commission in February, when MV Transportation, which currently serves the majority of Ventura County, takes over services for the Fillmore and Santa Paula area.

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Downtown group joins effort to promote shopping local

The Grapeseed Co. team, from left, media and catalog designer Julia Marsh, manager Bre Wright, owner Kristin Fraser and sales and manufacturing assistant Silvia Corral.

By   2 weeks ago

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Spinal fusion kit is latest innovation from ECA Medical

By   2 weeks ago

ECA Medical Instruments, a designer and manufacturer of single-procedure torque-limiting surgical kits and other medical devices, is producing the world’s first single-procedure spinal fusion kit.

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Yoga studio franchise owners plan third location for Central Coast

Students at CorePower’s Goleta studio take part in the new location’s inaugural class on Nov. 7. (Courtesy photo)

By   2 weeks ago

Thanks to two Rocky Mountain transplants, CorePower Yoga brand continues its rapid franchise expansion throughout the region.

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Farmers markets face more stringent regulations, higher fees

By   3 weeks ago

Vendors at farmers markets all over the state will now pay a higher daily fee — $2 instead of the current 60 cents — and growers will face stricter inspections as part of a new state law going into effect Jan. 1, 2015.

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Figueroa Mountain says ‘Prost!’

By   4 weeks ago

Buellton-based craft brewer Figueroa Mountain is headed across the pond with plans to open a new taproom and brewing operation in Germany. Brewbound, a source for all things beer industry related, dropped the news Oct. 30 that Figueroa is headed to the Bavaria region of the country and plans to start contract brewing there within […]

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Pumpkin growers spooked by drought conditions

Ventura resident Ayden Hilpert, age 4, proudly shows his pumpkin selection at McGrath Street Pumpkin Patch. (Nik Blaskovich / Business Times Photo)

By   1 month ago

With an emergency drought in full swing, tri-county pumpkins farmers had to cut back acreage and plant the seasonal crop a little earlier than usual to avoid over-ripening or rotting.

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Technology View All →

Edison taps area company to add storage

By   5 days ago

Five companies received 260-megawatts’ worth of energy storage deals, with the other 2000-megawatts worth of contracts allocated toward energy efficiency, demand response, behind-the-meter renewables and gas-fired generation, with natural being the biggest winner.

Read More →

Ceres still spending, but looks to generate revenue

By   5 days ago

Sitting in public-company-listing limbo with a listing deadline on its current stock price, Thousand Oaks-based energy crop producer Ceres will attempt to continue its numerous pricey research projects by balancing them with new revenue streams.

Read More →

Teenage powerhouse revolutionizes cinemas for hearing impaired

By   5 days ago

Valedictorian will be an afterthought on resumes for Alexandra Kukoff, a half-deaf, 15-year-old Thousand Oaks-native who is attending high school and college simultaneously, working towards her associate’s degree in women’s history.

Read More →

After leaving Goleta, Allergan sold in $66B deal

By   1 week ago

Although company spokespeople did not immediately return requests for comment, it is unlikely the fate of Allergan’s Goleta facility will change.

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Spinal fusion kit is latest innovation from ECA Medical

By   2 weeks ago

ECA Medical Instruments, a designer and manufacturer of single-procedure torque-limiting surgical kits and other medical devices, is producing the world’s first single-procedure spinal fusion kit.

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UCSB to launch first professional school

ShadowMaps took home $20,000 in prize money at UC Santa Barbara’s annual New Venture Competition. The startup makes a service that tries to build three-dimensional maps of the shadows cast by buildings and correct for them to improve mobile phone GPS back in May. (Stephen Nellis / Business Times photo)

By   3 weeks ago

With a curriculum that steers clear of heavy emphasis on typical MBA topics like accounting, the Master’s in Technology Management program will focus on the specific leadership and management skills needed by engineers and tech professionals.

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Practical prestige: Innovation can be pricey, but pays off

By   3 weeks ago

If continuing research can change the amount of energy we expect our consumer electronics to consume as much as Nakamura’s LEDs have changed the way we think of light bulbs, the university will more than recover Munger’s donation money in patent licensing and added prestige.

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Hitting a home run at TechPitch

Superior Soluitions Manufacturing founders Marty Affentranger (left) and Justin Russo (right), received TechPitch’s $5,000 grand prize and the audience choice award. (Courtesy photo)

By   4 weeks ago

Superior Solutions grabbed judges’ attention with the marketability and built-out business model for its LiftGator, a pick-up truck attachment that eases heavy lifting for which it had already raised $25,000 of its initial $55,000 seed round.

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Real Estate View All →

SLO land-use battle continues over update to general plan

By   5 days ago

Resident Kevin Rice announced recently that he is organizing a committee and seeking contributions to support a referendum election to overturn any future city council vote overruling the Airport Land Use Commission’s charge that the General Plan’s Land Use and Circulation Element doesn’t fit the Airport Land Use Plan.

Read More →

Ormond Beach cleanup paves way for ag research center, office park

A map of the proposed layout for the 235-acre area of Ormond Beach where an agricultural research center could take shape. (Courtesy image)

By   5 days ago

While the potential project has received some fanfare, it’s still only conceptual and so far there is no official commitment from the UC.

Read More →

Ventura County gets grant for walkway, biking projects

By   2 weeks ago

Many cities across the country are gearing more resources to improving public transportation and making their urban centers more pedestrian and bike friendly. In Ventura County, a $3.3 million grant from the California Transportation Commission, approved Nov. 14, is expected to boost that effort, providing funding for 54 active transportation projects in the region. Among […]

Read More →

Groundbreaking is step forward for housing in SLO

By   2 weeks ago

The first shovel full of dirt for Terraza, a project billed as a cutting-edge sustainable housing community in San Luis Obispo, flew at a Nov. 12 groundbreaking.

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Lack gets nine-plus year sentence, faces additional 11

By   3 weeks ago

Convicted former contractor, 53-year-old David Lack was slapped nine years and eight months in state prison at his Nov. 6 sentencing, after a jury found him guilty of three counts of grand theft in early August. Lack was also ordered to pay restitution of $300,000 to Mary Belle Snow, $600,508.74 to Rabobank and more than […]

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‘Prost!’ Figueroa Mountain to trek from Buellton to Bavaria

By   3 weeks ago

Buellton-based craft brewer Figueroa Mountain is headed across the pond with plans for a brewery and taproom in Germany.

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$20M gift to Cal Poly is largest ever

By   3 weeks ago

Former Apple chief financial officer Peter Oppenheimer and his wife Mary Beth made the single largest cash gift ever to Cal Poly San Luis Obispo, according to a Nov. 3 announcement from the university. The university expects the $20 million donation to completely cover the cost to develop and construct four new facilities projects within […]

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Figueroa Mountain says ‘Prost!’

By   4 weeks ago

Buellton-based craft brewer Figueroa Mountain is headed across the pond with plans to open a new taproom and brewing operation in Germany. Brewbound, a source for all things beer industry related, dropped the news Oct. 30 that Figueroa is headed to the Bavaria region of the country and plans to start contract brewing there within […]

Read More →

Banking & Finance View All →

Ceres still spending, but looks to generate revenue

By   5 days ago

Sitting in public-company-listing limbo with a listing deadline on its current stock price, Thousand Oaks-based energy crop producer Ceres will attempt to continue its numerous pricey research projects by balancing them with new revenue streams.

Read More →

New product breathes life into Inogen third-quarter earnings

By   2 weeks ago

Inogen has benefited from the October release of its Inogen at Home product, which is the lightest continuous-flow oxygen concentrator available to consumers. It successfully floated an additional 2.4 million shares sold by existing stockholders and has announced an expanded credit line with J.P. Morgan Chase.

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Sientra debuts on Nasdaq

By   4 weeks ago

On a day when the Federal Reserve announced the end to its historical bond buying program, Sientra, the Santa Barbara-based medical aesthetics company, made a bit of history of its own. Sientra became the latest company in the Tri-Counties to list on a major stock exchange Oct. 29, selling 5 million shares of common stock […]

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Cost cutting, new drugs boost Amgen shares

By   4 weeks ago

Flash Player 9 or higher is required to view the chartClick here to download Flash Player nowView the full chart at Wikinvest Cost cutting moves and new drugs are starting to pay off for Amgen Inc., as the biotech giant raised earnings guidance after a stronger-than-expected third quarter. The company said Oct. 27 that strong […]

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Nasdaq delisting in sight for Ceres

By   1 month ago

Ceres, Inc., an agricultural biotechnology company that sells seeds for producing renewable bioenergy feedstocks, is delisting from the Nasdaq after the company continued to fail to meet the minimum bid price requirement of $1.00. The company was notified on April 28, that it no longer met the criteria for listing and in anticipation of not […]

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Ryland shares gain on housing market performance

By   1 month ago

Flash Player 9 or higher is required to view the chartClick here to download Flash Player nowView the full chart at Wikinvest Based in part on a 7.2 percent increase in third-quarter orders for new units, Westlake Village-based national homebuilder Ryland Group was trading higher Thursday after projected earnings beat Wall Street analyst expectations. Shares […]

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Deckers shares stumble as shopping season takes off

By   1 month ago

The Goleta-based owner of Ugg, Teva, Simple, Sanuk and other popular footwear brands is a bit of a bellwether for holiday shopping and the overall retail climate.

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Ojai Community Bank opens South Coast outpost

By   1 month ago

Santa Barbara’s newest banking office, Santa Barbara Community Bank, opened its doors quietly on Oct. 22.

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Opinion View All →

Op/ed: Lessons from Japan’s struggle to recover from a post-bubble bout of deflation

By   5 days ago

At its core, Abe’s decision to postpone the consumption-tax increase reflects the chaos that prolonged weak economic momentum inflicts on countries wishing to pursue more than one objective — in this case, raising living standards, curtailing the growth in government debt and breaking the private sector’s deflationary mindset.

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Editorial: Justice for Alvaro

By   5 days ago

Alvaro Medrano, Sr. who, with owner Ken Riding, managed the La Vista Vineyard in Paso Robles, was confronted, beaten and killed by off-duty correctional officers on the streets of San Miguel on Sept. 7.

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Op/ed: What’s ‘right’ and what’s ‘left’ in national political scene

By   5 days ago

Bloomberg View’s Cass Sunstein reports on research showing that “partyism” is now an even deeper social division in American society than racism. Political commentator Jonathan Chait thinks that’s just fine: He wouldn’t want his child to marry a Republican.

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Editorial: Tuition hike won’t end calls for reform at UC

By   5 days ago

A not-so-stealthy issue in the debate over the University of California’s proposed tuition hikes is the growing economic gap between the system’s 10 campuses and the communities they serve.

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Dubroff: Isla Vista study takes a first crack at changing community culture

By   5 days ago

Nearly six months after the tragic killings that left seven people dead in Isla Vista, UC Santa Barbara has taken the initial, tentative steps toward re-examining how to better integrate the off-campus community into the rest of the South Coast.

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Op/ed: It’s time to throw the book at currency bid riggers

By   2 weeks ago

Fining institutions makes great headlines, but those billion-dollar penalties punish shareholders, not the wrongdoers, and won’t change the culture of banking.

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Editorial: Our winners and losers from a landmark vote

By   2 weeks ago

Since, as somebody once said, elections have consequences, we’ll spend the next few paragraphs trying to identify some of the obvious and not-so-obvious winners and losers.

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Dubroff: Global upheaval may signal rebound for tri-county defense firms

By   2 weeks ago

Over the decades, it’s been hard for the Tri-Counties to escape the boom-bust cycles of military spending. Fasten your seat belts.

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East Ventura County View All →

Ceres still spending, but looks to generate revenue

By   5 days ago

Sitting in public-company-listing limbo with a listing deadline on its current stock price, Thousand Oaks-based energy crop producer Ceres will attempt to continue its numerous pricey research projects by balancing them with new revenue streams.

Read More →

Teenage powerhouse revolutionizes cinemas for hearing impaired

By   5 days ago

Valedictorian will be an afterthought on resumes for Alexandra Kukoff, a half-deaf, 15-year-old Thousand Oaks-native who is attending high school and college simultaneously, working towards her associate’s degree in women’s history.

Read More →

Explosion at waste water treatment plant

By   1 week ago

An explosion at a waste water company’s yard in Ventura County overnight caused minor injuries to dozens of people and closed Highway 126 for a number of hours on Nov. 18. The explosion at the Santa Clara Waste Water Treatment Plant in Santa Paula happened while a truck was pumping waste from a collection tank, […]

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Ventura County gets grant for walkway, biking projects

By   2 weeks ago

Many cities across the country are gearing more resources to improving public transportation and making their urban centers more pedestrian and bike friendly. In Ventura County, a $3.3 million grant from the California Transportation Commission, approved Nov. 14, is expected to boost that effort, providing funding for 54 active transportation projects in the region. Among […]

Read More →

Court levies $25M penalty on Conejo Valley firm

By   2 weeks ago

In a written opinion entered Sept. 18, the court found that 110,000 consumers had bought the defendants’ program and “more than 99.8 percent never earned any commission whatsoever.”

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Voters approve the bulk of bonds, taxes

By   3 weeks ago

Tri-county voters approved $910 million in school bonds on Nov. 4, with every bond proposal passing in Ventura and San Luis Obispo counties while just one passed in Santa Barbara County.

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Amid falling energy prices, Venoco slims down

By   4 weeks ago

With revenue sagging and pressure mounting to reduce its debt load, Venoco agreed to sell the Oxnard field for $200 million to an unnamed buyer.

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Cost cutting, new drugs boost Amgen shares

By   4 weeks ago

Flash Player 9 or higher is required to view the chartClick here to download Flash Player nowView the full chart at Wikinvest Cost cutting moves and new drugs are starting to pay off for Amgen Inc., as the biotech giant raised earnings guidance after a stronger-than-expected third quarter. The company said Oct. 27 that strong […]

Read More →

West Ventura County View All →

North American Oil warns it could run out of cash

By   5 days ago

Unless North American Oil & Gas Corp. can raise enough capital to cover its operating expenses by Dec. 31, the Ventura company could be forced to close down.

Read More →

Ventura County gets grant for walkway, biking projects

By   2 weeks ago

Many cities across the country are gearing more resources to improving public transportation and making their urban centers more pedestrian and bike friendly. In Ventura County, a $3.3 million grant from the California Transportation Commission, approved Nov. 14, is expected to boost that effort, providing funding for 54 active transportation projects in the region. Among […]

Read More →

Voters approve the bulk of bonds, taxes

By   3 weeks ago

Tri-county voters approved $910 million in school bonds on Nov. 4, with every bond proposal passing in Ventura and San Luis Obispo counties while just one passed in Santa Barbara County.

Read More →

Summers exits Ventura County Chamber of Commerce

By   4 weeks ago

The Ventura County Chamber of Commerce Board of Directors has announced that President and CEO Edward Summers is resigning. Summers’ resignation was effective on Oct. 24. Stepping into the position on an interim basis is current Vice Chair of Business Development Matthew Graczyk as the chamber launches the effort to find a new CEO. “We […]

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USDA taps VSolvit team for 5-year, up to $500M contract

By   1 month ago

The U.S. Department of Agriculture Farm Service Agency has awarded a five-year, $500 million contract to the Ventura-based tech firm VSolvit to provide software tech support for the department in areas such as budget and finance and management solutions.

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SLO developers expand regional impact

John Belsher, left, and Ryan Petetit are developers on a fast track. The photo was taken at a NASCAR speedway in Las Vegas. (Courtesy photo)

By   1 month ago

San Luis Obispo-based real estate and development firm PB Cos., started in 2011 by partners Ryan Petetit and John Belsher, has gone from a single deal to build a few homes to a collection of projects valued at more than $300 million.

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Shopping Center trades hands for $23.3M in Ventura

By   2 months ago

Sizable retail-based transactions keep popping up along the Highway 101 corridor. The latest of these is the Ventura Village Shopping Center in Ventura, which was recently sold to an undisclosed  private company for $23.3 million. The seller was Regency Centers, a publicly-traded real estate investment trust headquartered in Jacksonville, Florida. Ventura Village is an approximate […]

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San Luis Obispo discoveries expand citrus industry’s psyllid watch

psyllid-sweepWEB

By   2 months ago

The dreaded Asian citrus psyllid made its first appearance in San Luis Obispo County over the summer, making the pest truly a regional problem for tri-county agriculture.

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South Coast View All →

Downtown group joins effort to promote shopping local

The Grapeseed Co. team, from left, media and catalog designer Julia Marsh, manager Bre Wright, owner Kristin Fraser and sales and manufacturing assistant Silvia Corral.

By   2 weeks 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.

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Lack gets nine-plus year sentence, faces additional 11

By   3 weeks ago

Convicted former contractor, 53-year-old David Lack was slapped nine years and eight months in state prison at his Nov. 6 sentencing, after a jury found him guilty of three counts of grand theft in early August. Lack was also ordered to pay restitution of $300,000 to Mary Belle Snow, $600,508.74 to Rabobank and more than […]

Read More →

Voters approve the bulk of bonds, taxes

By   3 weeks ago

Tri-county voters approved $910 million in school bonds on Nov. 4, with every bond proposal passing in Ventura and San Luis Obispo counties while just one passed in Santa Barbara County.

Read More →

Figueroa Mountain says ‘Prost!’

By   4 weeks ago

Buellton-based craft brewer Figueroa Mountain is headed across the pond with plans to open a new taproom and brewing operation in Germany. Brewbound, a source for all things beer industry related, dropped the news Oct. 30 that Figueroa is headed to the Bavaria region of the country and plans to start contract brewing there within […]

Read More →

Montecito property sells for $13M

By   4 weeks ago

Montecito’s Coast Village Road continues to be a hot spot for commercial real estate investment as the Coast Village Plaza recently traded hands for $13 million in off-market deal. The property is home to Giovanni’s, UPS Store, Sequel Salon, DaniBoy, The Tennis Shop, Riviera Smiles, Norvell Bass Cleaners, Richie the Barber and Scoops Gelato, among […]

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More deals, development in South Coast CRE pipeline

By   1 month ago

When you’re serving up steak and eggs for nearly 300 people the market must be doing well joked Brad Frohling, principal for Radius Commercial Real Estate and event moderator for the firm’s 7th annual Radius Real Estate & Economic Forecast breakfast. The event was held at Fess Parker’s Double Tree Resort & Hotel in Santa […]

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Munger gives UCSB $20.7M

By   1 month ago

Berkshire Hathaway Vice Chairman Charles Munger, a frequent South Coast visitor whose grandson studied at UC Santa Barbara has donated $20.7 million in stock to the university.

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Sonos finds its groove with wireless offering

A still from one of Sonos' new TV spots, in which a home is lacquered in gold as one of its speakers streams Isaac Hayes' theme from “Shaft.”

By   1 month ago

The company’s flurry of developments continued Oct. 14 with the release of a product called Boost, a WiFi amplifier that surpasses the Bridge’s capabilities without the need for wires.

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Central Coast View All →

Report: Cal Poly generates $1.4B

By   3 weeks ago

A new report commissioned by Cal Poly San Luis Obispo claims the university has an economic impact of more than $1.4 billion on San Luis Obispo and Northern Santa Barbara counties. That number jumped more than $300 million since Cal Poly last contracted a similar study for it’s 2002 -2003 fiscal year. The 60-page study […]

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Voters approve the bulk of bonds, taxes

By   3 weeks ago

Tri-county voters approved $910 million in school bonds on Nov. 4, with every bond proposal passing in Ventura and San Luis Obispo counties while just one passed in Santa Barbara County.

Read More →

Cash-strapped Guadalupe banks on DJ Farms project

By   3 weeks ago

For Guadalupe, it’s not the city’s expenses that are the problem — it’s revenue. With little commercial presence from businesses and a population of about 7,100, business tax revenues have dwindled and the ability to attract retailers is almost nonexistent.

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$20M gift to Cal Poly is largest ever

By   3 weeks ago

Former Apple chief financial officer Peter Oppenheimer and his wife Mary Beth made the single largest cash gift ever to Cal Poly San Luis Obispo, according to a Nov. 3 announcement from the university. The university expects the $20 million donation to completely cover the cost to develop and construct four new facilities projects within […]

Read More →

Figueroa Mountain says ‘Prost!’

By   4 weeks ago

Buellton-based craft brewer Figueroa Mountain is headed across the pond with plans to open a new taproom and brewing operation in Germany. Brewbound, a source for all things beer industry related, dropped the news Oct. 30 that Figueroa is headed to the Bavaria region of the country and plans to start contract brewing there within […]

Read More →

Santa Maria Valley awaits business park

By   4 weeks ago

After more than a decade of processing, permitting and managing a salamander on the federal list of threatened species, the Santa Maria Airport District is expecting to receive final approval on its much-delayed specific plan at the center, which would allow for an expanded business park.

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Tiny bubbles to have big profile at Pismo wine festival

Dave Hickey of Laetitia Vineyard. (Courtesy photo)

By   1 month ago

The first-annual Bubblyfest will be held amidst brimming interest in sparkling wine.

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Chamber chief has growth plan for Santa Maria

By   1 month ago

Glenn Morris, who stepped in to lead the Santa Maria Chamber of Commerce this June, inherits the steep climb city officials have faced in galvanizing industry.

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