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Chevron has big plans for remediation and commercial development of a 332-acre plot along the Tank Farm Road corridor of San Luis Obispo. But the petroleum giant says those plans don’t pencil out unless the city agrees to a development agreement that would have taxpayers reimbursing $11.1 million of the costs. San Luis Obispo city officials Read More →
Thirteen Central Coast arts institutions are receiving a total of $3.7 million from The James Irvine Foundation, a nonprofit that hands out grants to help organizations achieve cultural and financial success. The grants, which were announced on Wednesday, are part of the Irvine Foundation’s five-year-old Arts Regional Initiative. Since 2006, the program has targeted music, Read More →
Transphorm, the Goleta-based energy efficiency firm backed by $63 million from Google and other investors, has received a $3.6 million federal grant to improve solar panels. Transphorm’s technology uses a semiconducting material called gallium nitride to drastically reduce heat waste in electronic systems. The grant from the U.S. Department of Energy went to Transphorm in Read More →
Vitesse Semiconductor, the Ventura County chipmaker rocked by a stock-options scandal in 2006, has laid off 10 percent of its workforce and shuttered one of its Camarillo facilities. Vitesse disclosed the pink slips in a regulatory filing Oct. 3. The company said it ended its lease on facilities at 4721 Calle Carga and terminated 10 Read More →
The professional services and hospitality industries are leading the South Coast’s private-sector job creation, with each adding about 1,000 jobs since the recession ended.
