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More questions than answers as PPP runs out of loan funds

By   /  Friday, April 17th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Law, Small Business, South Coast, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on More questions than answers as PPP runs out of loan funds

Questions remain as the Small Business Administration ran out of funding for the Payroll Protection Program on April 16. The fund started with $349 billion, which was quickly loaned out to businesses across the nation — but not to everyone at the same time. Independent contractors and self-employed people were able to apply for the Read More →

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Discovery Ventura co-founder faces fraud, theft charges

By   /  Friday, April 17th, 2020  /  Central Coast, Latest news, Law, Small Business, West Ventura County  /  Comments Off on Discovery Ventura co-founder faces fraud, theft charges

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COVID-19 pandemic crushes the tri-county wedding industry

By   /  Thursday, April 16th, 2020  /  Central Coast Health Watch, Latest news, Small Business, Tourism, Tri-County Economy  /  Comments Off on COVID-19 pandemic crushes the tri-county wedding industry

Hundreds of weddings in the Tri-Counties have been canceled or postponed since governmental orders forbade people from gathering in groups to prevent the spread of COVID-19. The ban cratered the industry on the Central Coast, which saw weekends in half of March, all of April and now parts of May become untenable. “It’s devastating to Read More →

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Tri-county biotech firms tackle COVID-19 pandemic

By   /  Thursday, April 16th, 2020  /  Biotech, Central Coast Health Watch, East Ventura County, Latest news, Technology  /  Comments Off on Tri-county biotech firms tackle COVID-19 pandemic

Life sciences companies in the Tri-Counties are stepping up with treatments for COVID-19, led by leaders in inhalable drug technologies. Westlake Village-based MannKind said it expects $4.9 million in forgivable loan relief as part of the CARES Act, passed in March, as it explores four potential anti-infective and antiviral therapies. Separately, aerosolized drug delivery company Read More →

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Market gains but most tri-county stocks fall

By   /  Thursday, April 16th, 2020  /  Biotech, Earnings, East Ventura County, Latest news, South Coast, Tri-County Public Companies  /  Comments Off on Market gains but most tri-county stocks fall

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Tri-county airports get federal grants as ridership plummets

By   /  Thursday, April 16th, 2020  /  Central Coast, Latest news, South Coast, Tourism, Tri-County Economy  /  Comments Off on Tri-county airports get federal grants as ridership plummets

Several tri-county airports received federal funding through the Coronavirus Aid, Relief, and Economic Security Act Airport Grant Program as they faced steep declines in ridership. Of the three largest airports, San Luis Obispo County Regional Airport received the most —$20 million. Santa Barbara Municipal Airport got $9.6 million, and Santa Maria Public Airport, which lost Read More →

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MannKind getting $5M loan to avoid layoffs and tackle COVID-19

By   /  Thursday, April 16th, 2020  /  Central Coast Health Watch, East Ventura County, Latest news, Technology, Tri-County Public Companies  /  Comments Off on MannKind getting $5M loan to avoid layoffs and tackle COVID-19

Westlake Village-based MannKind said it expects $4.9 million in federal forgivable loan relief, among other financial measures that will help it avoid furloughs and layoffs as it pursues potential therapies for the COVID-19 pandemic. The company is currently exploring four potential anti-infective and antiviral therapies, said CEO Michael Castagna.  “These are high risk areas and Read More →

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