Despite pro-housing laws, shortages persist in region and statewide
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Unemployment in region ticks up in June but remains near historic lows
The June 2022 combined unemployment rate for the tri-county area was 2.96%, an increase from the record-low regional unemployment rate of 2.5 in May 2022, according to data released July 22 by the California Unemployment Development Department. The June 2022 tri-county was still well below last year’s June unemployment rate of 6.2%. California’s unemployment rate Read More →
Energy Vault shows symptoms of SPAC hangover
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House approves funding for Highway 101 widening from Goleta to Ventura
A massive project to expand lanes on Highway 101 between Santa Barbara and Ventura received a slice of federal funding recently approved by the U.S. House of Representatives, after lobbying by Congressman Salud Carbajal. Carbajal, D-Santa Barbara, announced on July 21 that he had secured more than $16.6 million in federal money for projects in his district Read More →
FreshRealm raises $200M in region’s largest funding round of 2022
Ventura-based FreshRealm took a huge bite from the venture capital market on July 20, with the company announcing a $200 million funding round, by far the biggest this year by a company in the tri-county region. Specific leaders of the funding round were not disclosed, but the company’s news release said it was “led by Read More →
Webb’s images of deep space and deep past wouldn’t be possible without region’s companies
The James Webb Space Telescope, which is allowing us to peer billions of years into the past, was built and launched with the help of 14 countries, a $10 billion NASA fund, and more than 300 agencies, universities and companies — including a handful in the tri-county region. NASA’s first batch of images from the Read More →
Teledyne purchases acoustic imaging company
Thousand Oaks-based Teledyne Technologies still has its sights set on enhancing its imaging instruments sector, with the recent acquisition of a majority stake in Noiseless Acoustics, a Finnish technology company that specializes in advanced acoustic imaging instruments. Teledyne announced the acquisition on July 15 and did not disclose financial details. This marks the second time Read More →
