Tri-county unemployment rate down from April, up year-over-year
The unemployment rate in each of the tri-counties saw continued declines in May from April, but the jobless rate is still higher than at this time a year ago. According to the latest data provided by the California Employment Development Department on June 20, the unemployment rate for the Central Coast was 3.8% in May, down below 4% for the Read More →
Cal Poly spinout sells to leading healthcare company
Cal Poly San Luis Obispo’s startup scene has only gotten stronger over the past decade and another example of that is De Oro Devices, a company founded by students in 2018 that sold to Drive DeVilbiss Healthcare in early June for an undisclosed amount. “I feel excited for the future. Honestly, I think Drive is an incredible Read More →
F&M Trust hires new director to head fresh Santa Barbara office
A couple of months after Farmers & Merchants Bank of Long Beach announced its intention to grow its tri-county presence, Farmers & Merchants Trust company is doing the same thing with a new hire to head its fresh Santa Barbara office set to reopen next month. Salvatore “Tory” Milazzo was appointed to be F&M Trust’s newest senior vice president, trust and investment manager, the organization announced Read More →
Travel report: 2024 tri-county economy gets lift from strong tourism
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Reagan Library economic forum covers variety of topics
A national economic forum was held May 29-30 at the Ronald Reagan Presidential Library in Simi Valley. The two-day event featured panel discussions on a variety of topics including AI and economic growth and China and the U.S., and a keynote address by U.S. Secretary of Energy Chris Wright. Another panel discussed barriers, including permits Read More →
