Connexity sold to Shopzilla
By Staff Report / Thursday, February 20th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Connexity sold to Shopzilla
Ventura-based digital advertising firm Connexity has been purchased by Shopzilla, an online comparison shopping website out of Los Angeles, for an undisclosed sum.
The deal marks the first exit for a business that had operated out of the Ventura Ventures Technology Center, the city of Ventura’s startup incubator.
Chinese firm to pump $665M investment into Santa Maria oil field
By Stephen Nellis / Wednesday, February 19th, 2014 / Central Coast, Technology, Top Stories, Tri-County Economy / Comments Off on Chinese firm to pump $665M investment into Santa Maria oil field
One of the most prominent oil field redevelopments in Santa Barbara County is set to be acquired by a Chinese jewelry firm. Houston-based ERG Resources confirmed to the Business Times that it is set to be acquired by Beijing-based Goldleaf Jewelry Co., a jewelry firm that also has gold mining investments.
Hotel developers embrace Paso Robles wine boom
By Christine De La Cruz / Friday, February 14th, 2014 / Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy, Wine & Viticulture / Comments Off on Hotel developers embrace Paso Robles wine boom
A hotel development frenzy in Paso Robles could double the number of rooms in town over the next 10 years, a figure that already has seen twofold growth since 2000 as wineries flourish.

Moving on up: Green storage business expands along South Coast
By Marlize van Romburgh / Friday, February 14th, 2014 / Green Coast, Real Estate, Small Business, South Coast, Tri-County Economy / Comments Off on Moving on up: Green storage business expands along South Coast

Movegreen is growing at a rapid clip and plans to start driving its biodiesel-powered moving vans down the coast in an expansion spree. The company has built a business by providing environmentally friendly moving and storage service along the South Coast.

Vitesse makes play for Internet of things in turnaround tactic
By Stephen Nellis / Friday, February 14th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Vitesse makes play for Internet of things in turnaround tactic
Vitesse, which had $103.7 million in revenue last year, is hoping that the Internet of things will converge with the turnaround strategy it has been mounting for the past several years that is starting to come to fruition.
Company founder shares how J.D. Power rocked the auto industry
By Erika Martin / Monday, February 10th, 2014 / Top Stories, Tri-County Economy, West Ventura County / Comments Off on Company founder shares how J.D. Power rocked the auto industry
When Dave Power launched the Westlake Village-based research firm in the 1960s, he made waves in the auto industry by allowing consumers to for the first time critique — and therefore influence — the cars they were buying.
Tri-county cities scramble as state cuts water deliveries
By Christine De La Cruz / Friday, February 7th, 2014 / Agribusiness, Central Coast, East Ventura County, Green Coast, South Coast, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Tri-county cities scramble as state cuts water deliveries
Customers of the State Water Project will not receive any water deliveries this year if current dry conditions persist, a cutback that could be troublesome for certain tri-county cities.