U.S. Bank deal to buy Union Bank could form region’s biggest banking company
Union Bank’s nearly 30-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In a deal announced before the markets opened on Sept. 21, U.S. Bank said it was acquiring all of Union’s branches Read More →
Deadline approaching for final round of state pandemic relief grants
Closed restaurants in Ventura early in the pandemic. Small businesses whose operations were closed or Read More →Olaplex IPO will raise around $1B, company says
Olaplex, a hair care products company founded in Santa Barbara, expects to price its initial Read More →Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses
A Glass House Brands cannabis greenhouse in Carpinteria (courtesy photo) Glass House Brands, a publicly Read More →
Latest news View All →
Amgen wins patent case
Thousand Oaks-based Amgen had a big win in court on Sept. 20, as a federal court in New Jersey upheld multiple Amgen patents for its Read More →
Deadline approaching for final round of state pandemic relief grants
Closed restaurants in Ventura early in the pandemic. Small businesses whose operations were closed or interrupted by the pandemic are eligible for state grants of Read More →
U.S. Bank deal to buy Union Bank could form region’s biggest banking company
Union Bank’s nearly 30-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank's Japanese Read More →Paso’s Pearce Services continues acquisition spree
Pearce Renewables, a Paso Robles-based operator of renewable energy structures, announced Sept. 16 that it has acquired Mountain Renewables, a provider of technical field services Read More →
Olaplex IPO will raise around $1B, company says
Olaplex, a hair care products company founded in Santa Barbara, expects to price its initial public offering of common stock between $14 and $16 per Read More →
Dubroff: Attempt to recall Newsom backfired on California Republicans
The people who should be enthusiastic about reform of the recall process are not just the folks who’ve been yakking the loudest about changing the Read More →
Figueroa Mountain Brewing reports progress in bankruptcy
Figueroa Mountain Brewing’s chapter 11 bankruptcy reorganization took a step closer to being resolved after the second largest brewing company in the Tri-Counties confirmed it Read More →
Real Estate: Landlord puts $78.5M price tag on set of 10 Isla Vista properties
A huge listing has emerged in the seaside community of Isla Vista, where a Southern California family is asking $78.5 million for 10 student housing Read More →
Facing jump in demand due to pandemic, Women’s Economic Ventures gets federal grant
Santa Barbara-based Women’s Economic Ventures will use $171,000 in grant funding from the U.S. Small Business Administration to expand its services and mentoring program for Read More →
Our View: Universities keep our region on top in innovation
If you want to know why the innovation culture is so important to the regional economy, look no further than the 2021 ranking of our Read More →Opinion: Five ways your business can win the war for talent
By Greg Bland With the U.S. economy continuing to grow, businesses are beginning to scale their operations back to pre-pandemic levels. Ventura, Santa Barbara and Read More →Opinion: ‘Use it or lose it’ policy wastes our natural resources
By James Salzman The Bureau of Land Management auction in February 2016 for oil and gas drilling rights near Arches National Park was unremarkable. The Read More →
Region’s unemployment rate down to 5.9% in August
The tri-county region’s unemployment rate dipped below 6% in August for only the second time since the COVID-19 pandemic began, according to a Business Times Read More →
Governor signs bills that promise more housing density
Homes under construction in downtown Santa Barbara. Two new state laws will encourage more of this type of medium-density housing. (Brooke Holland photo) As California’s Read More →
Paso Robles gets $2.8M federal grant for broadband
The United States Department of Commerce announced Sept. 16 that it will award the city of Paso Robles $2.8 million to expand broadband access and Read More →
Ventura County names new harbor director
Michael Tripp Michael Tripp, a veteran harbor official in Los Angeles County, will replace the last leader of Channel Islands Harbor, who retired in August, Read More →
Westmont receives biggest gifts in its history
Westmont College in Montecito announced Sept. 15 that it had received the two largest cash gifts in its history, totaling more than $15 million. In Read More →
Cannabis company closes purchase of former Houweling’s Tomatoes greenhouses
A Glass House Brands cannabis greenhouse in Carpinteria (courtesy photo) Glass House Brands, a publicly traded cannabis company, has closed its purchase of the former Read More →
Revenue down but earnings up at Limoneira
Limoneira delivered a small earnings beat when the company announced its fiscal results for the third quarter of 2021. Limoneira had released preliminary results Aug. Read More →
Mission Produce drops 10% after missing earnings estimates
Shares of Mission Produce fell nearly 10% on Sept. 14, the day after the Oxnard-based avocado distributor and grower shared a flat third quarter 2021 Read More →
Region’s brewers win Great American Beer Festival medals
The team at Figueroa Mountain Brewing shows off three of the brewery's medals from the 2021 Great American Beer Festival (Brewers Association photo) Figueroa Mountain Read More →
UCSB makes U.S. News national top 30; Cal Poly, CLU among best in West
UCSB was among U.S. News' top 10 national public universities for the eighth consecutive year. UC Santa Barbara cracked the top five among national public Read More → Dubroff: If you thought PPP was tricky to navigate, just wait for ERTC
When it came to keeping small businesses afloat during the pandemic, the federal Paycheck Protection Program turned out to be an unlikely, though imperfect, lifeline Read More →
UCSB economist: ‘Bad news and good news’ with plentiful jobs but high unemployment
Nearly 18 months since the onset of the coronavirus crisis, there are more jobs available than the number of people unemployed in the United States. Read More →
