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By Henry Dubroff / Friday, March 21st, 2014 / Op/Eds, Opinion / Comments Off on After seven years, the financial crisis quietly ends for area banks
“Even the pessimists were thinking three years,” Community West CEO Marty Plourd told me. “No one expected the low-interest-rate environment to last this long,”
In remarks prepared for the 2014 SLO County Economic Forecast Breakfast on Nov. 22, Jordan Levine of Beacon Economics said only San Luis Obispo, San Jose, San Francisco and Bakersfield have gone positive when it comes to the pre-recession jobs peak.
By Henry Dubroff / Friday, March 29th, 2013 / Columns, Opinion / Comments Off on Closing the gap between the Tri-Counties’ haves and have nots
How choppy and tough is the recovery in our region? Recent unemployment data from Santa Barbara County underscored the “haves and have nots” phenomenon that underpins a society that is segregated into tourism centers with uber-rich residents and agricultural cities where the poor people who service the tourists and the rich folks reside. Consider that Read More →
A recovery is taking hold across the region’s mid-sized banks, marked by higher profits and climbing share prices. Ventura-based County Commerce bank’s share price is up about 7 percent year-to-date, coming off of the bank’s most successful year so far. “Growing during an economic downturn is not easy, as you know,” CEO Joe Kruetz told Read More →
Look for the Tri-Counties to show modest economic growth in 2013 that will quicken in the second half of the year. West Ventura County, Santa Maria and Paso Robles are poised to lead the way, with real estate becoming an economic driver for the first time in several years. To be sure, economists interviewed by Read More →