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Economists call on Santa Barbara County to embrace economic development

By   /  Monday, November 4th, 2013  /  Central Coast, Latest news, South Coast, Tri-County Economy  /  Comments Off on Economists call on Santa Barbara County to embrace economic development

Santa Barbara County needs to rethink the role of economic development if it is going to retain upper middle class and head of household jobs.

That was the theme of the Oct. 31 annual summit of the Santa Barbara Technology & Industry Association. Held on Halloween day at the Santa Ynez Valley Marriott hotel in Buellton, the event painted a scary economic future for the county.

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Murdock completes buyout of Dole Food Co.

By   /  Friday, November 1st, 2013  /  Banking & Finance, East Ventura County, Latest news, Tri-County Public Companies  /  Comments Off on Murdock completes buyout of Dole Food Co.

Dole Food Co. CEO and Chairman David Murdock has completed a buyout of the company, a deal that takes the Westlake Village-based produce giant private and values it at $1.6 billion.

The merger was approved by shareholders on Oct. 31, the company said. Dole shares will cease trading on the New York Stock Exchange at the close of business on Nov. 1.

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Funari leaves Business First for Bank of Santa Barbara

By   /  Friday, November 1st, 2013  /  Banking & Finance, Banking Industry, Latest news, South Coast  /  Comments Off on Funari leaves Business First for Bank of Santa Barbara

Longtime Santa Barbara banker Joanne Funari has stepped down from Business First Bank to join the Bank of Santa Barbara as chief operating officer.

Funari previously served as regional director and president of Business First, a division of Heritage Oaks Bancorp based in downtown Santa Barbara.

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Tracking liquid assets: Groundswell creates Web-based water maps

By   /  Friday, November 1st, 2013  /  Agribusiness, Latest news, Top Stories  /  Comments Off on Tracking liquid assets: Groundswell creates Web-based water maps

Santa Barbara-based Groundswell Technologies makes Web-based software that can integrate data from any source — whether it’s a cutting-edge sensor connected via satellites or historical records — and generate “heat maps” of water supply or contamination on demand. The key is leveraging powerful computers in the cloud to handle lots of data and generate reports that used to take weeks in a matter of seconds.

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Energy efficiency firms snag $5M

By   /  Wednesday, October 30th, 2013  /  Latest news, Technology  /  Comments Off on Energy efficiency firms snag $5M

The U.S. Department of Energy has awarded $5 million to semiconductor and lighting companies in the region.

UC Santa Barbara, Buellton-based SixPoint Materials and Soraa were the recipients of money from the department.

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Mindbody breaks ground on $20M campus in SLO tech corridor

By   /  Tuesday, October 29th, 2013  /  Central Coast, Latest news, Real Estate, Technology, Top Stories  /  Comments Off on Mindbody breaks ground on $20M campus in SLO tech corridor

San Luis Obispo is set to get its flagship high-tech campus as software company MindBody CEO Rick Stollmeyer and local officials broke ground Oct. 29 on a $20 million project including a new office building, four-story parking structure and promenade that will link with an existing facility, eventually boosting employment to 1,300 people.

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Ryland’s Q3 profits jump 415% on higher home sales

By   /  Tuesday, October 29th, 2013  /  Banking & Finance, Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on Ryland’s Q3 profits jump 415% on higher home sales

Westlake Village-based Ryland Group made a roaring comeback in the third quarter, with profits up 415 percent to $53.6 million. The parent company of national homebuilder Ryland Homes said revenue rose 60.7 percent to $576.4 million on higher sales as the housing market continued to rebound.

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