SBA offers tri-county crab fishermen low-interest loans
Latest newsTri-county crab fishermen impacted by the four-month fishery closure can apply for low-interest federal disaster loans, the U.S. Small Business Administration announced on Feb. 12. The SBA is offering working capital loans of up to $2 million with a 4 percent interest rate for small businesses and 2.625 percent for nonprofits with terms up to 30 Read More →
OCB Bancorp income up 142 percent in 2015
Banking & Finance, Banking Industry, Earnings, Latest newsOCB Bancorp, the parent company of Ojai Community Bank, increased its year-over-year net income by 142 percent in 2015. OCB Bancorp’s net income grew from $380,000 in 2014 to $921,000 in 2015, or 40 cents in earnings per share. Total loans increased $48.2 million or 37.5 percent to $176.5 million in 2015. Total assets rose Read More →
California Coastal Commission fires executive
Latest newsThe California Coastal Commission voted 7-5 on Feb. 10 to fire Executive Director Charles Lester. Hundreds of people filled the Morro Bay Community Center and gave several hours of public comment in support of Lester before commissioners deliberated in a closed session and then announced their decision. Lester, who defended his leadership, said he was Read More →
Mindbody revenue up but so are losses
Earnings, Latest news, Tri-County Public CompaniesYoga software developer MindBody reported that revenues increased, subscribers increased and net losses increased once again when the company released fourth quarter and year-end earnings Feb. 10. San Luis Obispo-based MindBody sells products and merchant processing to yoga and fitness centers worldwide. Fourth quarter revenue increased 40 percent from $20.12 million in 2014 to $28.27 Read More →
Ventura, Channel Islands harbors to get federal funds for dredging
Latest newsTwo Ventura County harbors will receive federal funding to continue dredging operations. The Ventura Harbor will receive $11.6 million in federal funding for dredging operations over the next two years. Channel Islands Harbor will also receive $9.85 million in federal funds for dredging this year. The Army Corps of Engineers included $7.33 million in this Read More →
Vandenberg to launch rocket early morning of Feb. 10
Central Coast, Latest news, TechnologyResidents near Vandenberg Air Force Base may get an early wakeup call on Feb. 10. A United Launch Alliance Delta 4 carrying a National Reconnaissance Office satellite will blast off from Vandenberg at 3:39 a.m. The United Launch Alliance is a joint venture between Lockheed Martin and Boeing. The launch will happen from Launch Complex Read More →
Port Hueneme’s Stellar Biotechnologies posts mixed earnings results
Earnings, Health Care & Life Science, Latest news, Technology, Tri-County Public CompaniesStellar Biotechnologies saw revenues increase 130 percent during the first quarter of 2016 but the company still lost more money in 2016 than it did during the same quarter of 2015. The Port Hueneme-based company reported first quarter 2016 results after markets closed Feb. 8. Stellar makes a protein for immunotherapy treatments using a unique Read More →
