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.
New York Fed president sees light at the end of the tunnel
Dubroff: Powerful Fed banker is optimistic that struggling tourism industry on the West Coast will recover.
Tri-county unemployment down to 6.8% in October
The unemployment rate dropped by a full percentage point or more in each of the region’s three counties between September and October, according to data released Nov. 20 by the California Unemployment Development Department. Ventura County’s unemployment rate in October was 7.1%, down from 8.3% the previous month. In Santa Barbara County, the rate was Read More →
