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Big firms check in to Santa Barbara hotel boom

By   /  Friday, March 14th, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Big firms check in to Santa Barbara hotel boom

The 122-room Hotel Oceana on Santa Barbara’s waterfront has been purchased for $41.7 million by a Philadelphia investment trust that wants to expand on the West Coast. (Alex Drysdale / Business Times photo)

A Philadelphia company’s $41.7 million purchase of Hotel Oceana in Santa Barbara signals that large out-of-town investors are betting on a major boom in South Coast tourism.

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Feeling lucky? How small businesses can navigate Google’s new algorithm

By   /  Friday, March 14th, 2014  /  Small Business, Technology  /  Comments Off on Feeling lucky? How small businesses can navigate Google’s new algorithm

With a recent change to its search algorithms, Google has made it much harder for a plumber in Arroyo Grande to show up when a user searches for “San Luis Obispo plumber,” even though that business may have served the greater San Luis Obispo area for decades.

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Angling for change: Bren School startup serves up new model for sustainable seafood

By   /  Friday, March 14th, 2014  /  Agribusiness, Green Coast, Small Business, South Coast, Top Stories, Women Inc.  /  1 Comment

Norah Eddy, left, and Laura Johnson are founders of Salty Girl Seafood. The startup, spun out of the UC Santa Barbara Bren School of Environmental Science and Management, aims to make it easier for restaurants to source seafood directly from fishermen. (Alex Drysdale / Business Times photo)

A team of UCSB graduate students has created an online marketplace where restaurants and fishermen can connect directly to buy sustainable, traceable seafood.

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QAD profits slip despite record revenue

By   /  Thursday, March 13th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on QAD profits slip despite record revenue

Summerland-based QAD’s profits in its most recent fiscal year dipped 3.8 percent to $6.4 million, or 41 cents per Class A share and 34 cents per Class B share.

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Sonos discloses $535M in revenue

By   /  Wednesday, March 12th, 2014  /  Technology, Top Stories  /  Comments Off on Sonos discloses $535M in revenue

In a rare financial disclosure, Santa Barbara audio firm Sonos has disclosed that its 2013 revenue was $535 million and that total sales doubled during the past year.

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Heritage Oaks names new CFO

By   /  Wednesday, March 12th, 2014  /  Banking & Finance, Banking Industry, Tri-County Public Companies  /  Comments Off on Heritage Oaks names new CFO

Lonny Robinson has been named chief financial officer at Paso Robles-based Heritage Oaks Bancorp. Robinson, previously with Banc of California, will join Heritage Oaks as CFO and executive vice president on March 19.

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Santa Maria chamber CEO Bob Hatch to retire

By   /  Tuesday, March 11th, 2014  /  Central Coast, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria chamber CEO Bob Hatch to retire

Bob Hatch is retiring after 20 years as president and CEO of the Santa Maria Valley Chamber of Commerce, the largest business group in North Santa Barbara County.