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 →
A fresh brew: New Nautical Bean brings an artsy bend to the familiar blend spot
Nautical Bean is a San Luis Obispo staple. With three coffee shops already dotting the area, a fourth is no surprise. But what makes this one special is the collaboration between friends and neighbors that will give the location an artful twist. “What’s going to be nice about this one is that it’s going to 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 →
Limoneria cuts down debt with sale of Tulare property for $100M
The future of Santa Paula-based Limoneira came into sharper focus on Feb. 1 when the company sold a major agribusiness holding in the Tulare area for $100 million, recouping $99 million in cash while also reaching an agreement to grow, pack and market lemons produced on the property. PGIM Agricultural Investments, a unit of PGIM 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 →
Montecito Bank & Trust closes out 2022 strong
Despite total assets dropping from the end of last year, Montecito Bank & Trust reported an overall strong growth in income and loans to close out fiscal year 2022, the financial institution reported Jan. 30. Montecito Bank & Trust, the biggest bank in the tri-county region, reported income grew to $18.27 million for the year Read More →
Amgen to lay off 300 U.S. workers
Technology layoffs are now hitting the healthcare sector, as Amgen will be laying off 300 people in the United States, the company announced on Jan. 30. The Thousand Oaks-based biotechnology giant said that it is making organizational changes “mainly in our commercial team,” the company’s statement said. “We made these changes to better manage against Read More →
