Next round of PPP loans rolling out to region’s banks
More than 1 million Paycheck Protection Program borrowers have already had their loans forgiven, to the sum of more than $100 billion, and the window to borrow more opens again soon. On Jan. 15, the U.S. Small Business Administration is reopening the PPP portal to financial institutions with less than $1 billion in assets. For Read More →
Salem Media Group faces new political landscape after Capitol riot
On Jan. 4, two days before a mob attacked the U.S. Capitol, the conservative activist and radio host Charlie Kirk tweeted that he had helped send “80+ buses full of patriots to DC to fight for this president.” He deleted the tweet after the march on the Capitol turned violent, resulting in the deaths of Read More →
AeroVironment shares take off after $405M drone deal announced
Shares of Simi Valley-based drone company AeroVironment shot up more than 25% on Jan. 14, the day after the company announced a $405 million acquisition of a privately held military drone provider. AeroVironment is acquiring Arcturus UAV, a major provider of Group 2 and 3 unmanned aircraft systems to the U.S. military, for $405 million. Read More →
Second round of PPP loans headed to Tri-Counties
Another round of the federal Paycheck Protection Program opened Jan. 11, and the region’s bankers expect the money to help a lot of small businesses that have been struggling through the pandemic and pandemic-related restrictions. “We understand the urgency and the difficulty the business community is experiencing,” said George Leis, president of Montecito Bank & Read More →
Limoneira’s losses mount as pandemic depresses citrus sales
Santa Paula-based agribusiness Limoneira saw its losses increase and its revenue drop in the fourth quarter of its most recent fiscal year, as low wholesale prices and declining sales during the pandemic took their toll. Limoneira released its results Jan. 11 for the quarter and fiscal year ended Oct. 31, revealing a loss of 42 Read More →
How the region’s publicly traded companies stack up when it comes to women on the board
The Pacific Coast Business Times investigated the gender breakdown of the boards of all 22 companies based in the tri-county region and traded on a major stock exchange. All 22 meet the current requirement for one or more women on the board, but only 11 meet the stricter requirements that will take effect next year.
Region’s companies meet state mandate for women on corporate boards
Every publicly traded company in the tri-county region has at least one woman on its board of directors, but only half of the 22 companies have enough women directors to meet a state law that takes effect at the start of 2022.
