Region’s unemployment rate climbs to 4.6% in January
Latest news, middle, Regions, San Luis Obispo County, Santa Barbara County, Top Stories, Tri-County Economy, Ventura CountyThe unemployment rates in Ventura, Santa Barbara and San Luis Obispo counties all ticked up between December and January as the omicron wave of COVID-19 worsened, according to data released March 11 by the California Employment Development Department. The combined unemployment rate for the tri-county region was 4.6% in January, up from 4% in December. Read More →
At Westmont breakfast, author Michael Lewis talks of Santa Barbara’s ‘superhero of communicable disease’
Health Care & Life Science, Higher Education, Latest news, middle, Regions, Santa Barbara County, Top StoriesOn March 6, 2020, Westmont College held its annual President’s Breakfast, which would be one of the last large indoor, public events in the region before the COVID-19 pandemic arrived. The guest was Nobel-winning psychologist and economist Daniel Kahneman. This year on March 4, at the event’s return to the Hilton Santa Barbara Beachfront Resort, Read More →
Opinion: Diversification works; here’s why
Banking & Finance, Latest news, Op/Eds, Opinion, Personal FinanceBy Arthur Swalley The past two years in the capital markets are a textbook example of how diversification works. After the pandemic crash in February and March 2020, market returns were led by “pandemic” stocks like Zoom and Amazon. As interest rates remained low, resulting in higher multiples being placed on growing cash flows, large Read More →
Tri-county unemployment rate ticks down in December
Central Coast, East Ventura County, Latest news, left, South Coast, Top Stories, Tri-County Economy, West Ventura CountyThe unemployment rate in California dropped a half a percentage point between November and December, while the tri-county job picture improved by a much smaller margin, according to data released Jan. 21 by the California Employment Development Department. The statewide unemployment rate was 6.5% in December, down from 7% in November, the biggest month-to-month improvement Read More →
Rubicon Theatre gets biggest donation ever, will buy visiting artists’ residence
Latest news, Nonprofits, Tri-County Economy, West Ventura CountyRubicon Theatre Company, a professional company in Ventura, has received the biggest donation in its history, some of which will go to buy a four-unit residential property to house visiting artists and performers, the company announced Jan. 11. The gifts total $2.3 million, and come from Karyn Jackson of Arcadia, a former Ventura resident; her Read More →
Glass House buys edibles brand for $26M
Agribusiness, Banking & Finance, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public CompaniesGlass House Brands, a cannabis grower and retailer with its chief operations in Santa Barbara and Ventura counties, is buying one of California’s leading brands of edible cannabis in a deal worth $25.6 million in stock and debt-financed cash. Plus Products was the No. 4 brand of edibles ranked by sales in the third quarter Read More →
Cal Poly professors team with Hardy Diagnostics on new COVID test
Central Coast, Health Care & Life Science, Higher Education, Latest news, left, Technology, Top Stories, Tri-County EconomyTwo professors at Cal Poly San Luis Obispo developed a new COVID-19 test that will be brought to market by Hardy Diagnostics, a Santa Maria-based medical device manufacturer. The test uses saliva collected from the mouth on a strip, rather than a sample from a nasal swab. It was developed by Nathaniel Martinez, an associate Read More →
