Tri-county unemployment rate drops below 4%
The unemployment rate for the Central Coast fell below 4% in the month of April, according to the latest data provided by the California Employment Development Department. Released on May 17, the unemployment rate of the tri-counties was at 3.96% for the month of April, down from a 4.56% unemployment rate in the month of Read More →
Housing crunch: 11,000+ new homes could ease area shortage
More than 11,000 housing units in the tri-county region are being built, have been ap- proved or are proposed to help tackle the area’s acute housing shortage. One such housing project is the 1,500-unit Harvest in Limoneira in Santa Paula. The development is a 50/50 joint venture between Santa Paula-based lemon grower Limoneira and The Read More →
HTSI aims to bring robust superconductor industry to Santa Barbara
Ray Karam is no stranger to the startup world, but his latest company — High Temperature Superconductors — is more than a startup, it is a true passion project that is beginning to make a big impact from its Santa Barbara headquarters. “It’s not as though I had to start another company. Financially, I could have retired,” Read More →
Developers eye 36 sites rezoned for housing by Santa Barbara County
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Street smarts: Keep the awards train coming for Precision
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Precision Construction Services earns prestigious Prime Contractor of the Year from SBA
San Luis Obispo-based Precision Construction Services was highlighted for yet another award on May 6, with the Small Business Administration honoring the company with the 2024 Small Business Prime Contractor of the Year for the Pacific Region of the United States. Prime Contractor of the Year is the SBA’s highest award for Federal procurement. According Read More →
Amgen shares pop 12% after excitement from obesity drug candidate
Shares of Thousand Oaks-based Amgen gained 12% on May 3, one day after the company disclosed its earnings for the first quarter of 2024 and highlighted the excitement around its weight-loss drug. During the company’s earnings call, Amgen CEO Bob Bradway commented on their obesity drug candidate, MariTide. He noted that while the company does Read More →
