AeroVironment commits $100M to new Moorpark campus
AeroVironment has doubled down on its Ventura County presence after the drone maker announced that it is investing $100 million into a unified company-owned campus across approximately 20 acres in Moorpark to bring together capabilities from five leased Southern California locations to strengthen collaboration across research, engineering, design, prototyping, and production. Founded in 1971 in Read More →
Goleta retail center sells for $11.3M
Kellogg Square, a retail center located at 5555-5585 Hollister Avenue in Goleta, fetched $11.3 million in a sale brokered by Colliers, the national commercial real estate firm announced Aug. 24. The Colliers advisory team, made up of Vice President Miles Waters, Executive Vice President Austin Herlihy, Vice President Chris Parker, and Associate Mike Chung, represented Read More →
Santa Barbara-based Quintessent raises $40M in Series A
Santa Barbara-based Quintessent, a semiconductor company that specializes in resilient and low-cost AI datacenter optical interconnect products, announced it has raised $40 million in an oversubscribed Series A investment round. Announced Aug. 24, Quintessent also announced the start of a customer sampling of its single-chip quantum dot-based DWDM comb laser — a new class of light Read More →
Unemployment continues rising on the Central Coast
The Central Coast jobless rate is on the rise for the second consecutive month, jumping to 4.56% in July from 4.3% in June, according to the California Employment Development Department’s latest numbers released Aug. 21. All three counties saw their unemployment rate increase in July. Ventura County’s rate was 4.7%, up from 4.5% in June. Read More →
Women and wealth panel
For our August Women & Wealth panel, we asked our experts to weigh in on longevity planning and some of the non-financial considerations for retirement. Our Q&A was conducted via email in mid-August and the responses were lightly edited. Our panelists are: Austyn Shepherd Abbas, senior vice president and private client manager at Bank of America, Nicole Read More →
Robert East joins Merrill Lynch to lead Central Coast ops
Merrill Lynch has named Robert East as its senior market executive for the Valley Coast market, according to an Aug. 8 press release. East leads a team of 105 financial advisors across seven wealth management offices from San Luis Obispo south to Encino. He oversees approximately $26 billion in assets under management for local Merrill Read More →
Guest commentary: They take more than they give? The tax data tells a more complicated story
By John Grace The debate over undocumented immigration usually begins with what it costs taxpayers. But what if the conversation also included what undocumented immigrants contribute? According to the Institute on Taxation and Economic Policy, undocumented immigrants paid an estimated $96.7 billion in federal, state and local taxes in 2022. Of that, $37.3 billion went Read More →
