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Pacific Coast Business Times



Make It Work, Circuit City exit, setting the table for Whole Foods

Shortly after Circuit City announced that it would be closing its Santa Barbara branch, Make It Work founding partners Eric David Greenspan and Jeremy Anticouni decided it was time to go location shopping. “When we moved in, we were aware of the fact that it wouldn’t be forever,” Greenspan said. “We wanted to leave as [...]

Greka lays off 31 workers

Santa Maria-based Greka Energy, which has spilled hundreds of thousands of gallons of oil and processed water over the past year, has laid off more than 20 percent of its local workforce. The company said Nov. 25 that it laid off 31 employees, or about 22 percent of its Santa Maria workers. In a prepared [...]

Goleta OKs Marriott hotel

The Goleta City Council paved the way for a 140-room, extended-stay hotel across from the Santa Barbara Airport. The council approved the Residence Inn by Marriott project on a 4-1 vote Nov. 18, with Councilwoman Jonny Wallis dissenting. The project is located at 6300 Hollister Ave. The Chumash community has opposed the project because of [...]

Amgen suspends drug

Amgen on Nov. 25 decided to suspend a clinical trial of its experimental cancer drug motesanib because of higher deaths among patients, setting back the company’s efforts to expand in the market for oncology treatments. The Thousand Oaks-based pharmaceutical company has made a major push in the past seven years to develop treatments for cancer. [...]

Put transportation atop tri-county priority list

Government leaders across the Tri-Counties should be prepared to take President-elect Barack Obama up on his offer to spend federal dollars to fast track transportation improvements. From the eastern edge of Ventura County to Paso Robles, the Highway 101 corridor is in serious need of upgrades. Chief among these is the stretch between Santa Barbara [...]

Foundation leader put strategic partnerships on map

There’s no doubt that among donor organization in the Tri-Counties, the Santa Barbara Foundation is at the top of the food chain. With $300 million in assets and the ability to provide $27 million a year in community grants, it ranks among the top 50 community foundations in the country. But these days even the [...]

Financing the fields: Ag lender reflects on U.S. vs. Europe

During the past year, Jetze Kempenaar, Rabobank’s regional manager for agriculture in the Tri-Counties, has seen the financial world turned upside down. But the world of farming is still pretty well grounded, said Kempenaar, who works for one of two AAA-rated banks in the world. “People have to keep eating their strawberries and broccoli,” said [...]

Yacht brokers navigate choppy economy

Pleasure boat sales are slumping across the region with yacht brokers and marinas extremely reluctant to describe what amounts to a steep decline in sales. But a few brave dealers in Santa Barbara and elsewhere are optimistic about the long-term future of an industry that’s been as hard hit as General Motors, Ford or Chrysler [...]

GOP tries to unify message

After painful losses in the November elections, California’s Republican Party stalwarts are trying to decide whether to head for the beach or hole up in the Central Valley. The labels aren’t perfect. But lined up on one side are Beach Republican moderates such as 15th District State Sen. Abel Maldonado and Neal Andrews, a Ventura [...]

EPA fines Catalytic over reporting glitch

Oxnard-based Catalytic Solutions has been fined nearly $17,000 for failing to report details of its nitrate releases. The U.S. Environmental Protection Agency levied the fine after Catalytic Solutions reported the violation. The company said it had cooperated with the agency on clearing up the reporting problem. The agency said Catalytic Solutions processed more than 120,000 [...]

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