Unemployment drops in state and region
Unemployment in the tri-county region dropped to near pre-pandemic levels in November, at a combined rate of 4.1% for Ventura, Santa Barbara and San Luis Obispo counties, according to data released Dec. 17 by the California Employment Development Department. All three counties had significantly lower unemployment rates than the state as a whole, which reported Read More →
Region’s airports get $8.4M in federal funds
The first installments of federal funding from President Joe Biden’s $1 trillion bipartisan infrastructure law are headed to the Tri-Counties, in the form of grants to upgrade the region’s airports. Following Biden’s signing of the infrastructure bill last month, the initial round of funds will deliver more than $8.4 million to airports on the Central Read More →
Glass House secures loan of up to $100M to retrofit Camarillo greenhouses for cannabis
A few months after purchasing the Houweling’s Tomatoes property in Camarillo, cannabis grower Glass House Group has secured the funding necessary to upgrade the greenhouse facility. Glass House announced Dec. 13 it has acquired a senior secured term loan agreement with a U.S.-based private credit investment fund for up to $100 million, with an initial Read More →
Saalex spins off its IT division
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New GDP data shows onset of pandemic recession in region
The combined gross domestic product of the tri-county region dropped 2.4% from 2019 to 2020 as the COVID-19 pandemic took hold, a better performance than either the state or the nation as a whole, according to data released Dec. 8 by the U.S. Bureau of Economic Analysis. Gross domestic product is the dollar value of Read More →
State chamber president talks vaccine mandates, legislative agenda in Goleta
With just a few weeks left until the end of 2021, the largest business advocate to California government has its eyes set on the new year. The California Chamber of Commerce, which works at the state and federal levels to influence government actions affecting businesses in the state, says several policies are going to be Read More →
Semtech tops expectations with record quarter
Camarillo-based Semtech topped analysts’ expectations on Dec. 1 with an announcement of record net sales and net income in the third quarter of its 2021-22 fiscal year. Semtech, a semiconductor company specializing in Internet of Things applications, generated sales totaling $194.9 million in the third quarter of 2021, up 27% from the same quarter a Read More →
