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American Airlines to stop flying to LAX from SBA

By   /  Thursday, February 27th, 2014  /  South Coast, Tourism, Tri-County Economy  /  Comments Off on American Airlines to stop flying to LAX from SBA

American Airlines will no longer offer service to Los Angeles from the Santa Barbara Airport starting April 1. The change is due to a nationwide restructuring of the airline’s routes, according to a Feb. 26 announcement.

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CLU receives $4.7M scholarship endowment

By   /  Tuesday, February 25th, 2014  /  East Ventura County, Nonprofits, Tri-County Economy  /  Comments Off on CLU receives $4.7M scholarship endowment

California Lutheran University in Thousand Oaks has received its largest-ever scholarship donation, a $4.7 million estate gift from a Pacific Palisades educator, the university said Feb. 25.

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Venture capital raises at Goleta firms Transphorm and Tyrian top $23M

By   /  Friday, February 21st, 2014  /  Green Coast, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Venture capital raises at Goleta firms Transphorm and Tyrian top $23M

Transphorm, a maker of energy-efficient electronic components, has raised $15 million in additional capital related to its recent partnership with Fujitsu Ltd. of Japan. Tyrian Systems, a firm founded by a pair of longtime infrared sensor entrepreneurs to commercialize thermal vision technology, has raised an $8.3 million Series B investment.

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Nipomo oil refinery fight bubbles over

By   /  Friday, February 21st, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Nipomo oil refinery fight bubbles over

A fight over expansion at an oil refinery near Nipomo has taken shape, with the source of new oil and a potential clash between federal and county regulation of railroads emerging as key issues.

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Stepping up the pace: LeftLane Sports looks to double workforce in 2014

By   /  Friday, February 21st, 2014  /  Central Coast, Features, Technology, Top Stories, Tri-County Economy  /  Comments Off on Stepping up the pace: LeftLane Sports looks to double workforce in 2014

LeftLane Sports has hit the ground running. Five years after its inception, the sporting goods retailer has close to 90 people working in San Luis Obispo and plans to have as many as 180 by the end of the year.

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Santa Barbara summit seeks to draw businesses to region’s homeless issue

By   /  Friday, February 21st, 2014  /  East Ventura County, Green Coast, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  2 Comments

The event will host several national speakers on the topic, but the organizers say the goal is to encourage data-driven methods of addressing homelessness that have measurable goals and a clear plan for achieving them.

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Templar banks on grapes: Asset-based lender launches winery arm

By   /  Friday, February 21st, 2014  /  Banking & Finance, Banking Industry, Central Coast, Top Stories, Tri-County Economy, Wine & Viticulture  /  Comments Off on Templar banks on grapes: Asset-based lender launches winery arm

Templar Capital does asset-based lending and recently launched Vintners Capital, a lending arm that caters specifically to wine-related businesses by lending against wine-club subscriptions and equipment, along with other collateral.

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