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By Stephen Nellis / Friday, May 31st, 2013 / Features, Top Stories, Tri-County Economy / 1 Comment
Ventura-based developer Ronald W. Hertel has filed for personal bankruptcy, listing assets of $591,000 and debts of $118.4 million, likely signaling the final chapter in the spectacular collapse of his business empire. At his peak, Hertel claimed large stakes in homebuilder R.W. Hertel & Sons, private jets, vineyards and a thoroughbred horse ranch. He tried Read More →
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By Marlize van Romburgh / Friday, May 24th, 2013 / Top Stories, Tri-County Economy / Comments Off on As Santa Maria unemployment dips, valley looks to rebound
The Santa Maria Valley is on the upswing, and builders and businesses are taking note. In April, Santa Maria saw its unemployment rate dip below 10 percent for the first time in more than four years, according to a report released by the Santa Barbara County Workforce Investment Board on May 17. “Going below double Read More →
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By Dana Olsen / Friday, May 17th, 2013 / Health Care & Life Science, Top Stories, Tri-County Economy / Comments Off on Medicare data reveals big price discrepancies
Why does a hospital in San Luis Obispo charge tens of thousands dollars more for major joint replacement surgery than one across the Santa Barbara County line? And what’s behind a hospital in the city of Santa Barbara asking twice as much as a facility in nearby Lompoc? And perhaps more puzzling, why is the Read More →
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By Dana Olsen / Friday, May 10th, 2013 / Green Coast, Top Stories, Tourism, Tri-County Economy / Comments Off on Industry leaders: Region should focus on eco-tourism’s potential
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By Tom Bronzini / Thursday, May 9th, 2013 / Latest news, Tri-County Economy / Comments Off on Vasquez: Navy’s pivot to Pacific benefits Ventura County
An additional 700 military personnel will come to Naval Base Ventura County to operate a unit of the Navy’s first large drone system, the base commander told a gathering of business leaders in Thousand Oaks on Thursday. Capt. Lawrence Vasquez talked about the economic impact of the naval base at a Corporate Leaders Breakfast at Read More →
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By Stephen Nellis / Friday, May 3rd, 2013 / Banking & Finance, Law & Goverment, Top Stories, Tri-County Economy / Comments Off on Nipomo man must return $47M to fraud victims, banks
John Mark Moore, 51, of Nipomo has pleaded guilty in federal court to defrauding his in-laws, a former business partner and five banks out of as much as $47 million. Before his sentencing in July, Moore is likely to try to return as much of that as he can as restitution, according to prosecutors. But Read More →
