Chevron has big plans for remediation and commercial development of a 332-acre plot along the Tank Farm Road corridor of San Luis Obispo. But the petroleum giant says those plans don’t pencil out unless the city agrees to a development agreement that would have taxpayers reimbursing $11.1 million of the costs. San Luis Obispo city officials Read More →
Transphorm, the Goleta-based energy efficiency firm backed by $63 million from Google and other investors, has received a $3.6 million federal grant to improve solar panels. Transphorm’s technology uses a semiconducting material called gallium nitride to drastically reduce heat waste in electronic systems. The grant from the U.S. Department of Energy went to Transphorm in Read More →
The professional services and hospitality industries are leading the South Coast’s private-sector job creation, with each adding about 1,000 jobs since the recession ended.
California faces at least two quarters of very slow growth next year, with continued job losses and a decline in home prices that likely will extend to 2013. That was the grim news from California Lutheran University economist Bill Watkins, who spoke to about 300 people at a Sept. 27 forum hosted by Montecito Bank Read More →
More than 3,000 private-sector jobs have been created in Ventura County over the last year, according to economists with the California Economic Forecast.