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The new Black Friday: Small businesses rely on Saturday promotion to boost sales

By   /  Friday, November 22nd, 2013  /  Small Business, Tri-County Economy  /  Comments Off

Ellen Burnham, children’s book coordinator at Granada Books, and store owner Sharon Hoshida. The independent bookstore in downtown Santa Barbara is participating in a new holiday shopping initiative called Small Business Saturday. (Stephen Nellis / Business Times photo )

Small businesses throughout the Tri-Counties will offer their own promotional events and discounts as part of the most recent addition to the holiday shopping calendar, Small Business Saturday.

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Study: Skilled workers priced out of San Luis Obispo

By   /  Friday, November 15th, 2013  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off

Although San Luis Obispo’s real estate prices are lower than in many other parts of the Tri-Counties, wages are lower too, and by a wider margin. That makes the Central Coast one of the least affordable places in the United States, according to economists. (Creative Commons photo)

The findings highlight a pervasive mismatch between the high price of even starter homes and the number of jobs that pay wages high enough to support those prices. Experts say the gap is a significant roadblock to the state’s economic growth.

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Refinery rail project would ease crude oil supply concerns

By   /  Friday, November 1st, 2013  /  Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off

A Phillips 66 refinery on the Nipomo Mesa is hoping to supplement its dwindling inflow of California crude by extending a rail spur that will allow it to import oil from out of state.

The refinery — tucked away off of Highway 1 in South San Luis Obispo County — is a little-known yet critical part of the Golden State’s petroleum infrastructure. It processes the state’s heavy, sour crude into semi-refined products that flow through 200 miles of pipeline to Conoco’s 128,000-barrel-a-day facility in Rodeo in the Bay Area, where it is turned into gasoline.

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Ratings agencies unfazed as county pension costs rise

By   /  Friday, October 25th, 2013  /  Banking & Finance, Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off

Despite dire warnings that future pension costs could cause a fiscal meltdown for tri-county governments, credit ratings for Santa Barbara, Ventura and San Luis Obispo county bonds remain mostly unaffected by looming gaps in their retirement obligation funding.

Standard & Poor’s, a leading rating agency, ranks all three counties near the top of a scale that spans from its highest AAA to C, the lowest rating a bond can have without defaulting. Santa Barbara County carries the agency’s second highest AA-plus designation. Ventura County is assigned a slightly lower AA-rating this year and SLO County is ranked AA-minus.

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First coffee, then the world: Teeccino breaks into breakfast market

By   /  Friday, October 18th, 2013  /  Features, Small Business, Women Inc.  /  Comments Off

Caroline MacDougall

After spending the past 18 years growing the leading coffee alternative product in the country, Carpinteria-based Teeccino is expanding into the fast-growing health foods market.

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Soda space race: Rocket Fizz goes national with franchising

By   /  Friday, October 11th, 2013  /  Features, Small Business  /  Comments Off

Ryan Morgan, left, and Robert Powells founded Camarillo-based Rocket Fizz six years ago. The novelty candy and soda company now has 54 franchised locations in 14 states.

Rocket Fizz founders Robert Powells and Ryan Morgan have built a nationwide soda-pop enterprise out of quirky novelty creations such as their best-selling bacon-flavored soda and glow-in-the-dark “Martian Poop” soda.

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Manufacturers hunt for talent amid shortage

By   /  Friday, October 4th, 2013  /  Central Coast, East Ventura County, South Coast, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off

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