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UCSB snags $48M in Army funds for biology-related research

By   /  Thursday, December 5th, 2013  /  South Coast, Technology, Top Stories  /  Comments Off on UCSB snags $48M in Army funds for biology-related research

UC Santa Barbara said Dec. 5 that the U.S. Army has renewed its contract with the university’s Institute for Collaborative Biotechnologies, providing an additional $48 million over three years to support biology-related research.

The new funds extend a decade of unclassified research in areas such as biotechnology tools, futuristic materials, energy generation and storage, systems and synthetic biology and neuroscience.

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Marshalls building on State Street sells for $14.3M

By   /  Tuesday, December 3rd, 2013  /  Real Estate, South Coast, Top Stories  /  1 Comment

The Marshalls-occupied building at 900 State St. in downtown Santa Barbara has been sold for $14.3 million in an all-cash off-market deal, marking a 43 percent premium over the last time the property changed hands.

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Sansum-Cottage deal heads to FTC for review

By   /  Friday, November 29th, 2013  /  Health Care & Life Science, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Sansum-Cottage deal heads to FTC for review

The future of health care in South Santa Barbara County became considerably clearer in recent days, with the biggest merger in decades headed off for regulatory review and hiccups in the delivery of care through the state insurance exchange and to the poor largely resolved.

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Reelin’ in the years: Jensen Music celebrates 40th anniversary

By   /  Friday, November 29th, 2013  /  Features, Small Business, South Coast, Top Stories  /  Comments Off on Reelin’ in the years: Jensen Music celebrates 40th anniversary

While other mom-and-pop shops got caught up in a race to the bottom on retail pricing, Jensen Music relied on non-tradeable services to stay in business, repairing instruments and dedicating about half of its space to lesson rooms and instruction.

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With funds and new CEO, Neighborhood Clinics turn the corner

By   /  Thursday, November 21st, 2013  /  Health Care & Life Science, Nonprofits, South Coast, Top Stories, Tri-County Economy  /  Comments Off on With funds and new CEO, Neighborhood Clinics turn the corner

The struggling Santa Barbara Neighborhood Clinics nonprofit is narrowing its funding gap and has a strategic plan and new permanent CEO in place, putting it on track to become financially sustainable at a time when it looks to expand service to Goleta.

“Six months ago, we were in danger of closing our doors,” said Mark Palmer, president of the board.

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2014 Amgen Tour set to cycle through four of region’s cities

By   /  Tuesday, November 5th, 2013  /  Central Coast, East Ventura County, South Coast, Tourism, Tri-County Economy  /  Comments Off on 2014 Amgen Tour set to cycle through four of region’s cities

The 2014 Amgen Tour of California, the largest cycling race in the U.S., will visit four cities in the Tri-Counties in May. The eight-day annual event will roll through Cambria, Pismo Beach and Santa Barbara before concluding at the finish line in Thousand Oaks.

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Economists call on Santa Barbara County to embrace economic development

By   /  Monday, November 4th, 2013  /  Central Coast, Latest news, South Coast, Tri-County Economy  /  Comments Off on Economists call on Santa Barbara County to embrace economic development

Santa Barbara County needs to rethink the role of economic development if it is going to retain upper middle class and head of household jobs.

That was the theme of the Oct. 31 annual summit of the Santa Barbara Technology & Industry Association. Held on Halloween day at the Santa Ynez Valley Marriott hotel in Buellton, the event painted a scary economic future for the county.