Power-One leads the pack in Q1 earnings
UncategorizedTri-county tech firms have announced strong first-quarter results, largely fueled by impressive growth at Camarillo’s Power-One. Here’s a closer look at first-quarter earnings at some of the largest firms in the region: • Power-One, a maker of power treatment products for everything from computers to trains to solar panels, turned in a $3.8 million profit for Read More →
Retail market heats up again in Santa Barbara, San Luis Obispo counties
ColumnsThe Tri-Counties are finally seeing some retail leasing action again, with everybody from large national chains to local mom-and-pop shops penning deals on spaces. It’s an encouraging sign that the economy is truly on the upswing. In Santa Barbara, national clothing retailer Love Culture announced that it has signed a 10-year lease on 7,000 square Read More →
A new deal for a new banking era
ColumnsEvery financial crisis breeds its own solutions. In the case of Pacific Capital Bancorp, the region’s largest financial institution, that solution is something called a “recapitalization.” As befits the era of the hybrid, the proposed $500 million cash injection by Dallas-based Ford Financial Group is part sale and part workout, all done with a wink Read More →
Editorial: Building sale smells like another state fiasco
OpinionFor more proof that the administration of Gov. Arnold Schwarzenegger is living in a world of illusion, look no farther than some serious number crunching on his proposed sale of state office buildings. Once touted as a way to close the state’s budget gap, the plan to sell and lease back 11 flagship office properties Read More →
Keeping the seats full: Arts organizations battle the recession
NonprofitsA recession is never a pretty picture, especially for arts and culture nonprofits, which rely heavily on private donations and visitor attendance. Arts organizations around the country laid off workers last year, adopted hiring freezes or cut other expenses in response to a falloff in private donations and government grants. In California, the Santa Read More →
Small particles, big ideas at UCSB venture fair
UncategorizedSix teams of entrepreneurial UC Santa Barbara students are gearing up to pitch their business plans for a chance at thousands of dollars in financing. They’re part of the UCSB Technology Management Program’s venture competition. Each year, students come up with business plans, hone them with the help of faculty and area business leaders and Read More →
Investing in Santa Barbara: As stock market rebounds, financial firms target region
UncategorizedThe finance world is still holding its head as it recovers from near-collapse, but you wouldn’t think so in Santa Barbara. Two financial firms — Crowell Weedon & Co. and Partnervest — are expanding their reach and services in the city, with one opening a local branch and another launching a nationwide investment platform. Here’s Read More →
