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28 tri-county firms rank on 2014 edition of Inc. 5000

By   /  Friday, August 29th, 2014  /  Small Business, Technology, Tri-County Economy  /  No Comments

Twenty-eight firms based in the Tri-Counties made the 2014 edition of Inc. magazine’s ranking of the fastest-growing private companies in the U.S. This year’s ranking was based on revenue growth between 2010 and 2013. PackIt, a company that makes bags with freezable gel in the linings that keep food and drinks cold for up to […]

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Atara Biotherapeutics angles for $92M, but jobs are scarce

By   /  Friday, August 29th, 2014  /  East Ventura County, Health Care, Technology, Top Stories, Tri-County Economy  /  No Comments

Atara is among a new breed of “virtual” biotech startups. Such firms operate with barebones staff and outsource research and manufacturing operations to contract organizations. They are becoming increasingly common as investors seek to mitigate the huge risks of bringing drugs to market, a process that can cost as much as $1.8 billion, according to industry estimates.

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Firms shape up for success with workplace wellness programs, perks

By   /  Friday, August 29th, 2014  /  Central Coast, East Ventura County, Green Coast, Health Care, South Coast, Technology, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

Employees at software firm Mindbody enjoy benefits ranging from on-site yoga classes to opportunities to play Frisbee and board games. It’s all part of maintaining a happier workforce, the company said, which in turn leads to lower insurance costs. (Nik Blaskovich photo)

  At the San Luis Obispo headquarters for international software company Mindbody, employees can break away for noontime yoga or retreat to one of the building’s downstairs spa rooms for a massage or facial. Amid high ceilings, colorful beanbag chairs and exercise balls, employees at Mindbody are working in an atmosphere that’s anything but the […]

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Cabbies hail help from Sacramento: Bills target Uber, Lyft

By   /  Friday, August 29th, 2014  /  Central Coast, Law, Small Business, South Coast, Technology, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

Santa Barbara Lyft driver Tye Gomez with the brand's signature pink faux mustache. Two pending bills in the state Senate look to add new restrictions and requirements to ridesharing services such as Lyft and its rival, Uber. (Nik Blaskovich / Business Times photo)

Two pending bills in the state Senate could significantly change the competitive landscape between booming ridesharing startups such as Lyft and Uber and the flagging taxi-cab industry in California.

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Stantec to buy tri-county engineering firm Penfield & Smith

By   /  Thursday, August 28th, 2014  /  Central Coast, East Ventura County, Real Estate, South Coast, Technology, Top Stories, West Ventura County  /  No Comments

Penfield & Smith president and CEO Hady Izadpanah. (courtesy photo)

Stantec, a large publicly traded design and consulting company, is acquiring Santa Barbara-based engineering firm Penfield & Smith. Terms of the deal, expected to close in October, were not disclosed. Penfield & Smith has regional offices in Santa Barbara, Camarillo and Santa Maria. The company had revenue of $16 million last year, according to Business […]

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Amgen seeks approval for new cholesterol drug

By   /  Thursday, August 28th, 2014  /  Banking & Finance, Technology, Tri-County Public Companies  /  No Comments

Amgen became the first drugmaker to seek U.S. regulatory approval for a new class of cholesterol-lowering treatments after it submitted an application to the Food and Drug Administration on Thursday for evolocumab. Thousand Oaks-based Amgen said the drug works by blocking a naturally occurring protein called PCSK9 that prevents the liver from removing LDL cholesterol, […]

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HG Data signs up for space in Funk Zone

By   /  Thursday, August 28th, 2014  /  Real Estate, Technology, Top Stories  /  No Comments

Employees of Santa Barbara-based HG Data, including CEO Craig Harris, front. The company is moving from downtown to an industrial area of the city, citing lower costs. (Business Times file photo)

  HG Data, a business intelligence firm, recently signed a 3.5-year lease for 9,000 square feet in a former dance studio at 1 N. Calle Cesar Chavez on Santa Barbara’s east side. The deal is yet another sign that young and growing tech companies favor Santa Barbara over cheaper, more easily-equipped spaces in Goleta or […]

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