Los Osos gets stimulus loan
The project to install a sewer system in Los Osos got a boost on Sept. 3 with the announcement of $87 million in federal stimulus money. Officials from the U.S. Department of Agriculture came to the San Luis Obispo County Government Center to announce the grant, according to a USDA news release. The funding is Read More →
Editorial: Congrats, Clipper
We’ll take a minute to recognize Clipper Windpower of Carpinteria, once again the fastest growing company in the Tri-Counties. Partly due to timing and to the recession, which has taken the wind out of the revenue growth numbers for dozens of area companies, Clipper has taken top honors in the Business Times’ annual review of Read More →
Editorial: Three big deals could signal Conejo comeback
The Conejo Valley stretch of the Highway 101 corridor is looking like an early winner as the economy emerges from the Great Recession. We’re basing our judgment on one key factor — capital flows. In just 10 days in late August and early September, capital raises worth more than $200 million were announced for the Read More →
Harrington West files for bankruptcy
Solvang-based Harrington West Financial Group, the former parent of failed Los Padres Bank, announced Sept. 10 that it has voluntarily filed for Chapter 11 bankruptcy. Harrington West, listing more than $26 million in liabilities, said it intends to file a liquidating plan within the next few months. With the loss of Los Padres Bank Read More →
Santa Lucia defers debt payments
Atascadero-based Santa Lucia Bancorp said Sept. 3 that, following consultation with Federal Reserve officials, it will defer payments on $5 million in debt for up to 20 quarters. The firm also recently announced that it expects to enter an agreement with or be placed under an enforcement order to boost capital by banking regulators. The Read More →
Row 44 closes $37M funding round
Row 44, a Westlake Village-based company that provides wireless Internet on commercial airlines, announced Sept. 8 that it had closed a $37 million round of private financing. The new Series B round brings Row 44’s venture capital total to more than $60 million since 2008. “This investment gives Row 44 the operating capital to continue Read More →
