GeoLinks wins federal broadband contract, plans ‘massive growth’
Latest news, Small Business, Subscriber content, Technology, Tri-County Economy, West Ventura CountyFor the past few years, GeoLinks’ goal as an internet service provider has been bringing connectivity to rural areas in California not prioritized by the bigger providers like Verizon or AT&T. It recently got a big boost in that effort in the form of a $234.9 million federal contract.
Two Central Coast economic development nonprofits to merge
Central Coast, Latest news, Nonprofits, Tri-County EconomyThe economic development groups Reach and the San Luis Obispo Economic Vitality Corporation announced a merger on Dec. 17, one that will bring the EVC under the Reach banner in a combined effort to improve the economies of San Luis Obispo County and northern Santa Barbara County. The boards of both Reach and the EVC Read More →
AeroVironment expands into ground robotics with German acquisition
Banking & Finance, Earnings, East Ventura County, Latest news, Subscriber content, Technology, Tri-County Economy, Tri-County Public CompaniesAeroVironment, an aerial drone company based in Simi Valley, reached an agreement Dec. 8 to acquire Telerob, a German robotics company, in a deal worth approximately $45.4 million in cash.
Pandemic shutdowns put crimp in Figueroa Mountain’s bankruptcy plan
Latest news, Law & Goverment, Small Business, Subscriber contentIn the two months since it filed for bankruptcy, Figueroa Mountain Brewing Co., the region’s second largest craft brewer, has been both battling and working with its largest creditor, the Boston private equity firm White Winston.
GeoLinks wins $235M federal broadband contract
Latest news, Small Business, Technology, Tri-County Economy, West Ventura CountyGeoLinks, an internet service provider based in Camarillo, has won a bid worth $234.9 million from the federal government to bring high-speed broadband to underserved homes and businesses. According to a statement released Dec. 7 by GeoLinks, the contract comes from the Federal Communication Commission’s Rural Digital Opportunity Fund, which is spending up to $20.4 Read More →
Simi Valley’s AeroVironment buys German robotics firm for $45M
Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public CompaniesAeroVironment, an aerial drone company based in Simi Valley, reached an agreement Dec. 8 to acquire Telerob, a German robotics company, in a deal worth approximately $45.4 million in cash. AeroVironment also released its second quarter 2021 earnings on Dec. 8, revealing an increase in revenue, but a 71% drop in earnings from the previous Read More →
MannKind makes $12.5M pharma buy
Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, Technology, Tri-County Economy, Tri-County Public CompaniesMannKind Corp., a biotech company based in Westlake Village, announced Dec. 7 that it has acquired a QrumPharma, a privately held biotech company, in a $12.5 million deal. MannKind has purchased all outstanding capital stock of QrumPharma for $3.5 million in cash and just over 3 million shares of MannKind common stock. At MannKind’s stock Read More →
