Two influential Santa Barbara business organizations are proposing an improvement district for the city’s ailing downtown area, but some business owners have expressed reservations. The Downtown Organization of Santa Barbara and the Santa Barbara South Coast Chamber of Commerce have proposed a Community Benefit Improvement District aimed at reversing the decline of the area, including Read More →
The U.S. economy is not in a recession and if one is coming soon we’re well-positioned to withstand it with minimal damage, UC Santa Barbara economist Peter Rupert said during a Ventura Chamber of Commerce event Nov. 9. Rupert is a professor of economics and the director of the UCSB Economic Forecast Project. There is Read More →
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Velocity Financial, a real estate finance company based in Westlake Village, reported increases in both revenue and net income for the third quarter, compared to a year earlier. Velocity’s net income grew to $10 million from $8 million, an increase of 24.4%, while its diluted earnings per share grew to 29 cents from 23 cents, Read More →