Guitar Center declares debt in the billions
Guitar Center, one of the largest privately owned companies in the region, filed for Chapter 11 bankruptcy Nov. 21.
Trade Desk CEO, CSUCI team up to help students stay in school during pandemic
CSU Channel Islands is helping its student stay in school and graduate with $500,000 in funding for scholarships and peer mentors from Jeff Green, the CEO and co-founder of The Trade Desk. Earlier this year, after the COVID-19 pandemic hit, the Jeff Green Family Foundation gave $250,000 to CSUCI’s peer mentorship programs, which provide mentors Read More →
Inmates may have taken state for $1B in fraudulent unemployment benefits
California’s unemployment benefits system has been rife with fraud since the pandemic began and may have handed out upwards of $1 billion to jail and prison inmates, a coalition of local, state and federal prosecutors announced at a Sacramento news conference on Nov. 24. Tens of thousands of inmates at county, state and federal prisons Read More →
QAD reports slight revenue dip, big earnings jump
Profits at Santa Barbara-based software firm QAD hit $3.2 million in the third quarter of 2020, up from $125,000 in the same quarter of 2019, the company announced Nov. 24. QAD had earnings of 16 cents per share, up from just 1 cent per share a year earlier. “We made significant progress toward our long-term Read More →
Montecito Bank & Trust hands out nearly $1.2M in charitable grants
Montecito Bank & Trust upped the ante for the 2020 round of its corporate philanthropy, giving away $1.175 million at its 18th annual Community Dividends program on Nov. 23. The program was presented virtually on Zoom, and around 350 people participated from 194 organizations in Santa Barbara and Ventura counties. The program was the creation Read More →
Ventura County approves $1K grants for area’s farmworkers
Ventura County farmworkers will receive $3.65 million financial help from the approved federal coronavirus funding.
Kate Farms secures $51 million round to finance expansion
Plant-based meal replacement company nets $51 million investment.
