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Whole Foods buys New Frontiers in SLO for first Central Coast store

By   /  Monday, March 31st, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Whole Foods buys New Frontiers in SLO for first Central Coast store

  Grocery giant Whole Foods Market has purchased the New Frontiers Natural Marketplace in San Luis Obispo, setting the stage for its first Central Coast store. Austin-based Whole Foods announced on March 31 that it has purchased the New Frontiers stores in San Luis Obispo and in Flagstaff, Prescott and Sedona, Ariz. Terms of the Read More →

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Reason study: Taxpayers would save $460M with pension overhaul

By   /  Friday, March 28th, 2014  /  East Ventura County, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Reason study: Taxpayers would save $460M with pension overhaul

A proposal to change Ventura County’s public-employee pension system from a defined-benefit to a 401(k)-style system would save taxpayers $5.4 million in cash flow over the first two years and $51.6 million in cumulative savings over five years of reform, according to a study by the Los Angeles-based Reason Foundation, a libertarian think tank. The Read More →

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Inogen swings to $18.2M profit in 2013

By   /  Friday, March 28th, 2014  /  Banking & Finance, Earnings, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Inogen swings to $18.2M profit in 2013

Medical device maker Inogen notched $18.2 million in profits, or $1.10 per diluted share, on $75.4 million in revenue last year, the Goleta firm said in its first earnings report as a public company.

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Region presses ‘play’ on $60M film production industry

By   /  Friday, March 28th, 2014  /  Central Coast, East Ventura County, South Coast, Top Stories, Tourism, Tri-County Economy, West Ventura County  /  Comments Off on Region presses ‘play’ on $60M film production industry

Film and television production reels in an estimated $60 million for the region each year, and the industry’s impact on the Tri-Counties is likely to rise as tourism groups in each of the three counties ramp up their outreach to Hollywood.

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A soft touch for transit: CHK America builds interactive route maps for cities

By   /  Friday, March 28th, 2014  /  Small Business, South Coast, Technology, Top Stories  /  Comments Off on A soft touch for transit: CHK America builds interactive route maps for cities

The first unit is being tested at the Santa Barbara MTD Transit Center, where the company will be refining the software that runs the system to make it as useful as possible to riders.

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Santa Barbara firms team up to buy Avila Beach hotel project

By   /  Friday, March 28th, 2014  /  Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Santa Barbara firms team up to buy Avila Beach hotel project

The project, which has not yet started to wind its way through what will likely be a lengthy entitlement process, is the second investment by Somera Management and Postcard Properties in south SLO County.

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Deckers takes Apple-store strategy with Goleta shops

By   /  Friday, March 28th, 2014  /  Real Estate, South Coast, Tri-County Economy  /  Comments Off on Deckers takes Apple-store strategy with Goleta shops

Deckers Outdoor Corp. has opened retail stores for its footwear brands at its new campus headquarters in Goleta. The Ugg boot parent's stock spiraled on Feb. 28, after the company predicted a first-quarter loss stemming from costs to build out company-owned Ugg stores around the world. (courtesy photo)

The flagship store features Deckers’ footwear brands and highlights its recent efforts to build out its own retail infrastructure worldwide. It also shows off Deckers’ so-called “omnichannel” strategy, whereby shoppers can, for example, try shoes on in the store and complete their orders online.

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