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By Mike Harris / Tuesday, March 14th, 2023 / Economy, Health Care & Life Science, Latest news, middle, Tri-County Economy / Comments Off on Conejo Valley could be the next big biotech hotspot
Thousand Oaks’ biotech hub continues to grow and could rival the largest ones in the country in the next 10-15 years, speakers at a March 10 regional economic forecast program said. The Thousand Oaks City Council has recognized that the growth of the life sciences sector is essential to the city’s economic development, City Manager Read More →
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By Henry Dubroff / Friday, March 10th, 2023 / Banking & Finance, Banking Industry, Economy, Latest news, Subscriber content, Top Stories, Top Story, Tri-County Economy / Comments Off on Bank CEO, economist see little impact from SVB failure
The chair of the region’s biggest bank a leading economist responded quickly to the biggest bank failure since the financial crisis with reassurances that Silicon Valley Bank is unlikely to have broad impacts. Based in Santa Clara, Silicon Valley Bank had its doors closed and its deposits seized by the Federal Deposit Insurance Corp., the Read More →
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By Madeleine Benn / Thursday, March 9th, 2023 / Banking & Finance, Latest news, middle, Regions, Santa Barbara County, Tri-County Economy / Comments Off on American Riveria expands presence with new Santa Maria bank
Following a successful launch at the beginning of February, American Riviera Bank’s new outpost in Santa Maria is set to meet the diverse financial needs of a region rapidly expanding both economically and as a community. And in just that short time, things are going well, if not better than expected, executives at the bank Read More →
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By Madeleine Benn / Friday, March 3rd, 2023 / Economy, Latest news, Real Estate, Tri-County Economy / Comments Off on Real estate outlook down from 2022, but still strong
Miserabilism, a synonym for gloomy, is the word for what mindset other economists have been peddling in recent months. But Christopher Thornberg, the founder of Beacon Economics, would disagree. He said that the real reason society has fallen into an emotional economic slump is that narrative and reality no longer agree with each other. On Read More →
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By Jorge Mercado / Thursday, March 2nd, 2023 / Agribusiness, Economy, Latest news, Santa Barbara County, Tri-County Economy / Comments Off on Vital Signs: Wine stimulates Santa Barbara County economy
Santa Barbara County’s wine and winegrape sector contributed about $1.7 billion in annual economic activity, according to a new report commissioned by the Wine Institute and the California Association of Winegrape Growers (CAWG). The report also shows that the Santa Barbara County wine industry provides 10,202 local jobs and $602.6 million in annual wages and Read More →
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By Madeleine Benn / Tuesday, February 28th, 2023 / Economy, Latest news, left, Regions, Santa Barbara County, Tri-County Economy / Comments Off on UCSB forecast says U.S. economy is strong
Whether there will be a recession or not, or whether we are already in one or not, depends on the economist you talk to on any given day. For Peter Rupert, the director of UCSB’s economic forecast and a professor of economics, he made his stance on the subject clear during the organization’s Feb. 23 Read More →