Vital Signs: The labor market still lagging behind
Statistics from The California Labor Market Information Division’s December 2022 report showed a declining unemployment rate across all three counties on the Central Coast, but job creation is still lacking far behind, according to the Economic Development Collaborative. In Ventura County, only a net gain of 200 jobs was calculated for the month of December. Read More →
Benn: Poinsettia Plaza sells for over $60 million
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Officials gather to discuss options available to the public following storm
With the near-record storm behind the Central Coast, all that is left now is to pick up the pieces. The Federal Emergency Management Agency (FEMA) and the Small Business Administration (SBA) have been the ones trying to accomplish that goal, teaming up to provide the tri-counties with a slew of help. “Partnering with FEMA and Read More →
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 →
