Caruso pushes forward with scaled-back Miramar plans
By Elijah Brumback / Thursday, July 31st, 2014 / Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy / 1 Comment

Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the Read More →
Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ
By Staff Report / Tuesday, July 29th, 2014 / Earnings, East Ventura County, Latest news, Technology, Top Stories, Tri-County Public Companies / 3 Comments

Thousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that Read More →
Ventura County’s ripe farm loan market drives $15.3M bank deal
By Marlize van Romburgh / Friday, July 25th, 2014 / Agribusiness, Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Ventura County’s ripe farm loan market drives $15.3M bank deal
Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central Read More →

Allergan’s South Coast exit reshapes breast implant industry
By Stephen Nellis / Friday, July 25th, 2014 / Health Care & Life Science, South Coast, Technology, Top Stories, Tri-County Economy / Comments Off on Allergan’s South Coast exit reshapes breast implant industry
The region’s status changed dramatically on July 21 when Irvine-based Allergan announced that it would shutter its Santa Barbara operations and eliminate 300 jobs there.
Announcing the 2014 Spirit of Small Business winners
By Staff Report / Friday, July 25th, 2014 / Central Coast, East Ventura County, Green Coast, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County, Women Inc. / Comments Off on Announcing the 2014 Spirit of Small Business winners

The Pacific Coast Business Times is pleased to announce our 2014 class of Spirit of Small Business award winners. The annual special section, now in its 12th year, celebrates small-business ownership and entrepreneurship in the Tri-Counties.

A clean start: Emissions firm names new CEO, moves back home
By Stephen Nellis / Friday, July 25th, 2014 / Real Estate, Technology, Top Stories, Tri-County Public Companies / Comments Off on A clean start: Emissions firm names new CEO, moves back home

Clean Diesel Technologies has a new CEO and an old headquarters.
Keeping Score: Nonprofit business advisers celebrate 50 years
By Austen Hufford / Friday, July 25th, 2014 / Central Coast, East Ventura County, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Keeping Score: Nonprofit business advisers celebrate 50 years

The business-advice nonprofit Score just turned 50, but the advice it provides is ageless. The national organization is celebrating its 50th anniversary this year, and the San Luis Obispo branch is celebrating 30 years. For half a century, Score has provided free or low-cost mentoring and workshops to entrepreneurs and business owners around the Read More →