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.
Mission Community shareholders approve $56M acquisition
Shareholders of San Luis Obispo-based Mission Community Bancorp have voted overwhelmingly in favor of a proposed merger with Heritage Oaks Bancorp out of Paso Robles. The $56 million deal was announced in October 2013 and would leave Heritage Oaks as the survivor and the largest bank based in the Tri-Counties.
Op/ed: Central Coast leads the way with solar energy, green tech jobs
Anyone who thinks the clean energy economy isn’t working clearly needs to visit the Central Coast.
TekTegrity acquires Digital Foundation
San Luis Obispo-based TekTegrity has acquired Digital Foundation, continuing a wave of consolidation in the Central Coast IT services industry.
Wine, dine and dollars: Tourism leaders say foodie travel boosts region’s outlook
Tourism numbers for Santa Barbara and San Luis Obispo counties have topped pre-recession figures in recent years and that upward climb is expected to continue in 2014.
Central Coast stands to be ground zero for cable market shakeup
You might call it the Central Coast Cable Conundrum.
And it goes something like this: During the national rollup of cable television properties that took place in the 1990s, a number of major players grabbed a sliver of the region.
Editorial: Find local solutions first for Paso Robles water problems
North San Luis Obispo County has become ground zero for a debate over groundwater use and storage that’s spreading across the Highway 101 corridor.
A large area that includes portions of northeastern Paso Robles and inches toward the Monterey County line has been the subject of a heated debate about future water supplies and groundwater management. These days, two groups — the Paso Robles Agricultural Alliance for Groundwater Solutions, which seeks the creation of a California Water District to add new supplies, and PRO Water Equity, which opposes the ag group — are vying for public support.
