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Latest

Defense furlough to end; 6,100 to return to work

By   /  Friday, August 9th, 2013  /  Latest news, Tri-County Economy  /  Comments Off on Defense furlough to end; 6,100 to return to work

The more than 6,100 civilian Department of Defense employees in the Tri-Counties will return to work full time after a U.S. Secretary of Defense Chuck Hagel announced a furlough program will be cut short, ending next week. The military is the largest employer in the region, with 26,390 employees between Naval Base Ventura County and Read More →

Latest

Defense furloughs ripple across region’s bases

By   /  Friday, July 19th, 2013  /  Top Stories, Tri-County Economy  /  Comments Off on Defense furloughs ripple across region’s bases

More than 6,100 civilian Department of Defense employees in the Tri-Counties have started taking one-day-a-week unpaid furloughs between now and the end of September. But economic experts expect the immediate impact to be minimal. Any deep effects on the regional economy aren’t likely to emerge unless and until families begin to feel their net worth Read More →

Latest

Vasquez: Navy’s pivot to Pacific benefits Ventura County

By   /  Thursday, May 9th, 2013  /  Latest news, Tri-County Economy  /  Comments Off on Vasquez: Navy’s pivot to Pacific benefits Ventura County

An additional 700 military personnel will come to Naval Base Ventura County to operate a unit of the Navy’s first large drone system, the base commander told a gathering of business leaders in Thousand Oaks on Thursday. Capt. Lawrence Vasquez talked about the economic impact of the naval base at a Corporate Leaders Breakfast at Read More →

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VSolvit lands $53M Navy support contract

By   /  Friday, March 29th, 2013  /  Technology, Top Stories  /  Comments Off on VSolvit lands $53M Navy support contract

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Latest

VSolvit wins $53M Navy contract

By   /  Tuesday, March 19th, 2013  /  Latest news, Small Business, Technology  /  Comments Off on VSolvit wins $53M Navy contract

Thousand Oaks-based firm VSolvit has won a $53.1 million contract to provide support services to the U.S. Navy’s IT center at Naval Base Ventura County. Founded in 2006 by Payal Kamdar, VSolvit, pronounced “we solve it,” has in the past produced mapping systems for the USDA and the White House, for which it produced maps Read More →

Latest

Region’s defense firms brace for $113M in cuts

By   /  Friday, August 31st, 2012  /  Technology, Top Stories, Tri-County Economy  /  Comments Off on Region’s defense firms brace for $113M in cuts

If a $55 billion cut to the U.S. defense budget takes effect on Jan. 2 as planned, small and mid-sized military contractors in the Tri-Counties stand to be hit the hardest by a $113 million reduction in the $1.2 billion that currently goes to defense spending in the region. The military cuts are part of Read More →

Latest

Op/ed: Fighting to keep Ventura County military bases open

By   /  Friday, March 2nd, 2012  /  Editorials, Opinion  /  1 Comment

With Port Hueneme and Point Mugu providing both national security and an economic benefit to the people of Ventura County, I plan to fight to ensure these bases are kept open.