Nipomo developer files $26M Chapter 11
Erik Benham, one of two developers behind Maria Vista Estates in Nipomo, has filed for bankruptcy protection, listing $26 million in debt to Los Angeles-based Security Pacific Bank. Benham, who listed a Santa Maria address in the proceedings, has yet to disclose the precise amount of his assets, declaring only that they range between $10 Read More →
Caution required to fix the mortgage mess
It’s time to be wary about how the U.S. government is charging to the rescue to stem a collapse in confidence in the wake of IndyMac’s seizure and the crises at Freddie Mac and Fannie Mae. The yellow light is flashing and storm warnings are up. U.S. Treasury Secretary Henry Paulson has asked for Read More →
Wine storage taken seriously at Goleta facility
To do business with Trudi Carey, a visitor has to provide a thumb print, credit card and government-issued ID. Then they will be under the watchful eye of surveillance cameras — after using their personal security code – as they enter the climate-, light- and humidity-controlled building.That’s how it’s done at Goleta-based Santa Barbara Cellars, Read More →
Lead, follow or get out of the way in the Tri-Counties
Lee Iacocca famously said that when it comes to business, you either lead, follow or get out of the way. And in the Tri-Counties these days, there is plenty of evidence that the former Chrysler executive had it just about right. In the lead category, put down Community Memorial Hospital, or CMH, in Ventura. This Read More →
Spy drones soaring
A Simi Valley plant with a new multi-million-dollar government contract is becoming a launch pad for engineers, technicians and other workers as it revs up production of spy planes. AeroVironment, a maker of drones used by the U.S. military, won a $200 million contract this month to provide another one of its aircraft to the Read More →
Keeping software simple
When Santa Barbara-based Citrix Online switched to a new accounting application, Brian Donahoo, a seasoned software professional and then the company
EDC-VC to expand loan pool
The Economic Development Collaborative of Ventura County, or EDC-VC, is in negotiations with the U.S. Department of Commerce to remove constraints on an underutilized loan fund that would make nearly $2 million available to Ventura County businesses, regardless of product or industry. The current fund, called the Earthquake or Disaster Response Revolving Loan Fund, and Read More →
