Inogen’s newest respiratory device gains FDA clearance
Goleta-based Inogen, a medical technology specializing in the manufacturing of portable oxygen containers, announced Dec. 30 that it had received U.S. Food and Drug Administration clearance for the Simeox 200 Airway Clearance Device. The clearance helps expand the company’s ability to market and meet the various needs of patients with chronic respiratory diseases in the Read More →
Teledyne completes $58M takeover of Micropac
Thousand Oaks-based Teledyne Technologies completed its acquisition of Micropac Industries on Dec. 30. The all-cash transaction valued Micropac at approximately $57.3 million, taking into account Micropac’s net debt as of Aug. 24. Under the merger agreement’s terms, Micropac stockholders received $20 per share in cash. “We are delighted to welcome Micropac and its employees to Read More →
Tri-County unemployment rate remains unchanged in November
For the second straight month, the unemployment rate along the Central Coast didn’t see much change, according to the latest data from the California Employment Development Department. Released Dec. 20, the unemployment rate of the tri-counties was at 4.36% for the month of November, the same unemployment rate the Central Coast saw in October and up slightly Read More →
Santa Barbara Foundation doles out $610K in grants
The Santa Barbara Foundation announced its Conservation, Environment, and Public Trails (CEPT) Grants for 2024 on Dec. 19, awarding nearly $610,000 to 26 nonprofits across Santa Barbara County. According to the foundation, which began its CEPT grants program in 2021, it awarded the grants to nonprofits in “pursuits to preserve the region’s natural resources, ensure Read More →
Guest commentary: The mixed blessing of large group meetings
By Gerhard Apfelthaler Do you ever feel that you spend too much time in meetings where nothing gets done? You are not alone. In a 2019 Harvard Business Review Article, it is estimated that every day about 55 million meetings are held in the United States alone. Considering that a typical number of meeting participants in the Read More →
Wayside Energy wins $200K grant for battery energy solution
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Mackenzie Scott donates $10M to area nonprofits
Philanthropist Mackenzie Scott donated another $2 billion of her own wealth on Dec. 18, $10 million of which found its way to nonprofits based on the Central Coast. Scott, who was formerly married to billionaire Amazon Founder Jeff Bezos, has now donated roughly $19.2 billion since 2019. She is still worth over $31 million according Read More →
