Foundation awards thousands of grant dollars
The Santa Barbara Foundation announced a total of $775,000 in grants going to 16 organizations to provide food, shelter and medical services to the needy in the community. In response to the recession and increased need in the community, the foundation had created its Community Economic Recovery Fund. Awards included impact grants of $50,000 and Read More →
Oasis Apartments scores $10.5M from LA lender
Johnson Capital’s Los Angeles office funded $10.5 million in permanent financing for the privately held entity that owns the 125-unit Oasis Apartments in Goleta. This is the fifth loan Johnson Vice President Kevin Burkhalter has closed in the South Coast area in the past two years. “In my 25 years in this industry, I’ve never Read More →
Wind power chief says Santa Paula wooed him
Santa Barbara-based Continental Wind Power, a startup planning to build mid-sized wind energy turbines, has chosen Santa Paula as the site for its proposed factory, the company said June 29. Continental will open an office in Santa Paula this summer to begin recruiting potential workers for the plant, which it hopes will employ between 300 Read More →
Court clears way for infrared venture
The engineers of one of the largest South Coast technology deals of the decade are one step closer to starting a new company after a state appeals court ruled in their favor in a years-long legal fight with their former employer and upheld a $1.6 million award for attorney’s fees. Bill Parrish and Tim Fitzgibbons have Read More →
Business failures piling up
Tight credit markets and slumping revenue are forcing more entrepreneurs into bankruptcy. Tri-county bankruptcy filings have shot up nearly 65 percent so far this year. The court doesn’t break out business bankruptcies in its data, but recent filings have included small firms and entrepreneurs as diverse as a flooring contractor, a filmmaker, a chiropractor and Read More →
