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Heritage Oaks and Mission Community merger to close Feb. 28

By   /  Thursday, February 20th, 2014  /  Banking & Finance, Banking Industry, Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Heritage Oaks and Mission Community merger to close Feb. 28

The $56 million deal will make Heritage Oaks the largest community bank in the Tri-Counties, with about $1.6 billion in assets.

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Mindbody raises $50M for global push

By   /  Thursday, February 20th, 2014  /  Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Mindbody raises $50M for global push

San Luis Obispo-based Mindbody has raised $50 million in new capital, its largest amount to date, that will used to fund global expansion and mobile product development. The raise brings its total venture capital raised thus far to more than $110 million and likely marks the largest-ever raise in San Luis Obispo County.

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Connexity sold to Shopzilla

By   /  Thursday, February 20th, 2014  /  Banking & Finance, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Connexity sold to Shopzilla

Ventura-based digital advertising firm Connexity has been purchased by Shopzilla, an online comparison shopping website out of Los Angeles, for an undisclosed sum.

The deal marks the first exit for a business that had operated out of the Ventura Ventures Technology Center, the city of Ventura’s startup incubator.

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SpaceX’s propulsion chief elevates crowd in Santa Barbara

By   /  Wednesday, February 19th, 2014  /  Technology, Top Stories  /  3 Comments

SpaceX engine chief Tom Mueller spoke to a crowd of more than 100 in Santa Barbara on Feb. 19 at an event called “Exploring the Next Frontier: The Commercialization of Space is Lifting Off” hosted by the Central Coast MIT Enterprise Forum.

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Chinese firm to pump $665M investment into Santa Maria oil field

By   /  Wednesday, February 19th, 2014  /  Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Chinese firm to pump $665M investment into Santa Maria oil field

One of the most prominent oil field redevelopments in Santa Barbara County is set to be acquired by a Chinese jewelry firm. Houston-based ERG Resources confirmed to the Business Times that it is set to be acquired by Beijing-based Goldleaf Jewelry Co., a jewelry firm that also has gold mining investments.

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KCRW enters Santa Barbara market with KDB buy

By   /  Tuesday, February 18th, 2014  /  Nonprofits, Top Stories  /  Comments Off on KCRW enters Santa Barbara market with KDB buy

Santa Monica-based National Public Radio affiliate KCRW has acquired Santa Barbara-based station KDB, intensifying the battle for public radio listeners and donors in the Tri-Counties.

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Hotel developers embrace Paso Robles wine boom

By   /  Friday, February 14th, 2014  /  Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy, Wine & Viticulture  /  Comments Off on Hotel developers embrace Paso Robles wine boom

A hotel development frenzy in Paso Robles could double the number of rooms in town over the next 10 years, a figure that already has seen twofold growth since 2000 as wineries flourish.