Santa Barbara powers tourism rebound on the coast
Despite potential headwinds going into 2023, Santa Barbara had a lot to celebrate in in the past year with regards to the success in the tourism sector. For the second year in a row, Santa Barbara saw growth, even reaching pre-pandemic levels, Kathy Janega-Dykes, Visit Santa Barbara’s president and CEO said during the Tourism Summit Read More →
Dole plc sells off fresh vegetables division for $293M
In a continued effort to pay down its debt, Westlake Village-based Dole plc has sold off its fresh vegetables division to an affiliate of Fresh Express Inc., a wholly-owned subsidiary of Chiquita Holdings, for $293 million. The sale is expected to close within the next two quarters, pending approval, Dole said in a press release. Read More →
Teledyne caps off strong year with record-breaking fourth quarter
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Venture capital spending to keep cooling in ’23 amid economic concerns
By Mike Harris, Special to the Business Times This year will be a cautious one for venture capital investors, panelists at a round table discussion in Westlake Village said on Jan. 18. “I think it will be slow and cautious,” said moderator Scott Alderton, managing partner of Los Angeles-based law firm Stubbs, Alderton and Markiles, Read More →
Torrential rainfall brings drought relief to Central Coast
Update: As of Jan. 12, no county in California is designated as an extreme drought area while locations that were in severe drought are down from 71% to 46%. Another storm has come and gone along the Central Coast — though another could be approaching soon — and luckily it seems the area has largely Read More →
Vital Signs: Santa Barbara gearing up for more economic recovery in 2023
Santa Barbara is hoping to see more “solid post-pandemic economic activity” in the new fiscal year, as the city announced it received $7.5 million in sales tax revenue for the quarter ended Sept. 30. September is the first quarter of the city’s fiscal year and the $7.5 million represents a 3.9% rise from the same Read More →
Travel Forecast: Central Coast to remain desirable spot
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