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Outside funds fuel county’s energy boom

By   /  Friday, December 13th, 2013  /  Central Coast, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Outside funds fuel county’s energy boom

Santa Maria Energy’s deal to go public and bring its total funds raised to date to an estimated $90 million caps a flurry of renewed investment and activity in Santa Barbara County’s oil fields, both onshore and offshore. In addition to 136 wells that Santa Maria Energy has planned, Denver-based Venoco has proposals before regulators Read More →

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Rivals team up on Paso Robles water as lawsuit threat looms

By   /  Friday, December 13th, 2013  /  Agribusiness, Central Coast, Top Stories, Tri-County Economy, Wine & Viticulture  /  Comments Off on Rivals team up on Paso Robles water as lawsuit threat looms

An agreement reached by two of the groups jockeying to shape the future of a water district in Paso Robles wine country won’t stop two lawsuits that could lead to years in court and millions of dollars in legal fees to sort out the water basin’s woes.

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Digital West adds New York node, looks to Australia

By   /  Thursday, December 12th, 2013  /  Central Coast, Latest news, Technology  /  Comments Off on Digital West adds New York node, looks to Australia

San Luis Obispo-based Digital West Networks has added a data co-location center in New York and is set to bring another online in Australia early next year.

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Paso groups agree on water plan

By   /  Thursday, December 5th, 2013  /  Agribusiness, Central Coast, Top Stories  /  Comments Off on Paso groups agree on water plan

With potentially expensive lawsuits looming in the background, two of the groups jockeying to shape the future of a water district in Paso Robles wine country have put aside their differences in hopes of avoiding years in court and millions of dollars in legal fees.

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Santa Maria Energy to raise $40M, go public

By   /  Thursday, December 5th, 2013  /  Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria Energy to raise $40M, go public

Santa Maria Energy is going public and raising at least $40 million in new capital — and possibly much more – which could put the firm’s total funds raised at an estimated $90 million.

Santa Maria Energy’s contentious project to drill 136 new oil wells in North Santa Barbara County received approval from the Santa Barbara County Board of Supervisors last month. The Supervisors imposed strict limits on the project’s carbon emissions, essentially implementing a 10,000-ton-per-year cap and requiring the company to buy carbon credits if it goes over that limit.

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HomeGoods signs $3.4M lease in SLO

By   /  Wednesday, December 4th, 2013  /  Central Coast, Real Estate, Tri-County Economy  /  Comments Off on HomeGoods signs $3.4M lease in SLO

Retail chain HomeGoods has signed a 10-year lease valued at $3.4 million at the Irish Hills Plaza in San Luis Obispo. It will replace OfficeMax in the 20,059-square-foot space.

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Wine on wheels: Mobile bottling service works with vintners large and small

By   /  Friday, November 29th, 2013  /  Central Coast, Small Business, Tri-County Economy, Wine & Viticulture  /  Comments Off on Wine on wheels: Mobile bottling service works with vintners large and small

The Bottlemeister’s schedule is so busy that CEO Tom Nulman can only take on a few new clients a year. But he tries to make room for small operations, giving them the same pricing as larger clients, even if the lower volumes means he’ll only break even on a day of bottling.

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