Region’s unemployment at record low
The tri-county region’s unemployment rate dipped below 3% in April for the first time on record, as unemployment across the state continued its long post-pandemic decline. Ventura, Santa Barbara and San Luis Obispo counties had a combined unemployment rate of 2.9%, down from 3.4% the month before and 6.5% a year earlier, according to data Read More →
Health care innovators take center stage in 2022 South Coast Business & Technology Awards
Industries all over the world were debilitated by the COVID-19 pandemic in 2020, but perhaps none more than health care. For years, yearly checkups were the norm for millions of people, but with overfilled hospitals and risk of infection suddenly a huge concern, people began skipping visits to doctor’s offices and hospitals. In the years Read More →
Real Estate: Ground lease at AppFolio campus sells for $13.9M
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Energy Vault reports rising revenue, declining losses during IPO quarter
In its first quarter as a publicly traded company, Energy Vault reported growing revenue and a net loss that it attributed to its public offering and other one-time costs, as the Westlake Village-based company continues to expand deployments of its energy storage systems. Energy Vault, which uses a gravity-based system to store and release energy Read More →
Ritz-Carlton Bacara sold as part of $3.8B deal
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Saalex secures $44M Navy contract
Saalex Solutions, a Camarillo-based federal contractor, had been awarded a U.S. Navy contract worth up to $44 million, the company announced May 16. The contract, with the Naval Surface Warfare Center Corona Division, calls for Saalex to continue to provide technical, engineering and logistics support to the Range Systems Department in Norco, California. Saalex provides Read More →
Plains All American agrees to $230M settlement over 2015 pipeline spill
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