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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Region’s unemployment rate rises slightly in November
The unemployment rate in the tri-county region has ticked up steadily over the past couple of months, rising to 3.2% in November, according to data released Dec. 16 by the California Employment Development Department. San Luis Obispo County continues to post the region’s lowest unemployment rate, currently sitting at 2.8%. In Santa Barbara County, the Read More →
Apeel laying off 96 in second round of the year
Goleta-based Apeel Sciences will lay off a large portion of its workforce, mainly in the Santa Barbara County area, in its second major round of layoffs this year, the company has disclosed. Apeel will lay off a total of 96 employees from its Goleta office, according to a company filing with the state of California. Read More →
