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Clean Diesel raises $6.9M in stock offering

By   /  Wednesday, April 9th, 2014  /  Banking & Finance, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Clean Diesel raises $6.9M in stock offering

Clean Diesel Technologies has raised $6.9 million in a sale of common stock and warrants. The Ventura-based auto emissions technology firm said it sold about 2 million shares and warrants in a direct offering. The proceeds will be used for “general corporate purposes.”

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Coastal Commission sea-level rules could erode property rights

By   /  Friday, April 4th, 2014  /  Central Coast, East Ventura County, Green Coast, Real Estate, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Coastal Commission sea-level rules could erode property rights

The seas are rising, threatening billions of dollars of California’s coastal real estate. But the question of whether property owners can armor against the waves or must fall back as their holdings wash away is at the heart of an obscure policy document making its way through the California Coastal Commission. The rules would require Read More →

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Muñoz Schnopp bankruptcy filing reshapes 44th District race

By   /  Friday, April 4th, 2014  /  East Ventura County, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Muñoz Schnopp bankruptcy filing reshapes 44th District race

Port Hueneme City Councilwoman Sylvia Muñoz Schnopp filed for personal bankruptcy on March 12, the same day she dropped out of the race for a State Assembly seat. Muñoz Schnopp, a Republican, had filed a statement of intent to run in the June primary for the 44th Assembly District. The district covers most of Ventura Read More →

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Ventura surgical products firm wins $30M trademark verdict

By   /  Thursday, April 3rd, 2014  /  Law, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Ventura surgical products firm wins $30M trademark verdict

A Ventura-based surgical products company won a $30 million jury verdict today in a trademark infringement lawsuit. The verdict is the second attempt at a decision for Neurovision Medical Products, which sued San Diego-based medical device firm NuVasive in 2009. Neurovision alleged that NuVasive willfully infringed on the Ventura company’s “Neurovision” trademark. A jury in Read More →

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Disease-carrying citrus psyllid found in SLO County

By   /  Tuesday, April 1st, 2014  /  Agribusiness, Central Coast, East Ventura County, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Disease-carrying citrus psyllid found in SLO County

The Asian citrus psyllid, a tiny pest that spreads a disease fatal to citrus trees, has been discovered in San Luis Obispo County for the first time. The bug was found in an insect trap at a home near Arroyo Grande, the San Luis Obispo County Department of Agriculture said on April 1, prompting agricultural Read More →

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Reason study: Taxpayers would save $460M with pension overhaul

By   /  Friday, March 28th, 2014  /  East Ventura County, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Reason study: Taxpayers would save $460M with pension overhaul

A proposal to change Ventura County’s public-employee pension system from a defined-benefit to a 401(k)-style system would save taxpayers $5.4 million in cash flow over the first two years and $51.6 million in cumulative savings over five years of reform, according to a study by the Los Angeles-based Reason Foundation, a libertarian think tank. The Read More →

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Region presses ‘play’ on $60M film production industry

By   /  Friday, March 28th, 2014  /  Central Coast, East Ventura County, South Coast, Top Stories, Tourism, Tri-County Economy, West Ventura County  /  Comments Off on Region presses ‘play’ on $60M film production industry

Film and television production reels in an estimated $60 million for the region each year, and the industry’s impact on the Tri-Counties is likely to rise as tourism groups in each of the three counties ramp up their outreach to Hollywood.

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