Unemployment drops in state and region
Unemployment in the tri-county region dropped to near pre-pandemic levels in November, at a combined rate of 4.1% for Ventura, Santa Barbara and San Luis Obispo counties, according to data released Dec. 17 by the California Employment Development Department. All three counties had significantly lower unemployment rates than the state as a whole, which reported Read More →
Real Estate: Paseo Nuevo Macy’s to get new life as roller rink; Hotel Santa Barbara sold
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New GDP data shows onset of pandemic recession in region
The combined gross domestic product of the tri-county region dropped 2.4% from 2019 to 2020 as the COVID-19 pandemic took hold, a better performance than either the state or the nation as a whole, according to data released Dec. 8 by the U.S. Bureau of Economic Analysis. Gross domestic product is the dollar value of Read More →
Opinion: Cal Lutheran has made good on its Gallegly Center commitment
By Lori E. Varlotta In the eight years since the launch of the nonpartisan Elton and Janice Gallegly Center for Public Service and Civic Engagement at California Lutheran University, the university has honored its commitment to the former congressman through its unwavering support of a fellowship program and the construction of a beautiful center that Read More →
AeroVironment shares in nosedive after company lowers revenue guidance
Shares of AeroVironment plummeted 27.5% on Dec. 7 after the company announced with its quarterly financial results that it would slash its full-year revenue guidance by at least $100 million, “primarily due to three headwinds” tied to supply chains and staffing. AeroVironment, an aerial drone company based in Arlington, Virginia but with major operations in Read More →
State chamber president talks vaccine mandates, legislative agenda in Goleta
With just a few weeks left until the end of 2021, the largest business advocate to California government has its eyes set on the new year. The California Chamber of Commerce, which works at the state and federal levels to influence government actions affecting businesses in the state, says several policies are going to be Read More →
Capsida names new CEO
Capsida Biotherapeutics, a venture-backed Thousand Oaks company developing gene therapy treatments, announced the hiring of a new CEO on Dec. 7. In April, Capsida emerged from “stealth mode” and closed a $140 million series A funding round, one of the largest venture capital raises of the year in the region’s life sciences sector. Capsida is Read More →
