Staff Report | Pacific Coast Business Times

Staff Report | Wednesday, August 27th, 2014

QAD’s second-quarter profits drop despite record revenue

Banking & Finance, Personal Finance, South Coast, Technology, Tri-County Economy

Shares of Summerland-based business software firm QAD fell Aug. 27 on news that the company’s second-quarter profits dropped 24.2 percent to $985,000. QAD reported record revenues and higher operating income during the second quarter. Its total revenue climbed 12 percent to a second-quarter record of $73.1 million, it said, up from $65.2 million in the Read More →

Staff Report | Wednesday, August 27th, 2014

Santa Barbara chamber opposes anti-oil effort Measure P

Central Coast, South Coast, Tri-County Economy

Proponents of Santa Barbara County’s Measure P, an anti-fracking measure that could also shut down conventional oil and gas production, suffered a setback on Aug. 27 when the largest South Coast chamber of commerce said it opposed the November ballot initiative. The Santa Barbara Region Chamber of Commerce said that its board voted to “urge Read More →

Mindbody, ranked No. 11 on the Business Times' 50 Fastest-Growing Companies

Staff Report | Monday, August 25th, 2014

50 Fastest-Growing Companies 2014 announced

Central Coast, East Ventura County, Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County

Learn more about this year’s featured companies and the Sept. 18 awards event.

Staff Report | Thursday, August 21st, 2014

In their own words: Spirit of Small Business 2014 winners

Central Coast, East Ventura County, Green Coast, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County

The Pacific Coast Business Times’ 2014 class of Spirit of Small Business winners were honored at an awards luncheon on Aug. 14, 2014 following the publication of a special edition on July 25, 2014. The special section, produced in partership with the U.S. Small Business Administration, highlights entrepreneurship in the Tri-Counties, with profiles on successful Read More →

Staff Report | Tuesday, August 19th, 2014

Limoneira buys stake in Chilean citrus packing operation

Agribusiness, East Ventura County, Top Stories, Tri-County Economy

Limoneira Co. has purchased a 35 percent stake in a Chilean citrus business for $1.75 million. Santa Paula-based Limoneira said Tuesday that it had made the investment in Rosales, a citrus packing, marketing and sales operation based in La Serena, Chile. The operation is located in the coastal region of northern Chile, which is a Read More →

Staff Report | Monday, August 18th, 2014

Ventura County Credit Union purchases former Affinity Group HQ

Banking & Finance, Banking Industry, East Ventura County, Real Estate, Top Stories, Tri-County Economy, West Ventura County

Ventura County Credit Union has purchased the 73,000-square-foot office building at 2575 Vista Del Mar Drive in Ventura for its new headquarters. The property was previously the corporate home of Affinity Group. The purchase price was not disclosed. The property previously changed hands for $4.4 million in late 2012, property records show. The credit union Read More →

Staff Report | Friday, August 15th, 2014

Santa Barbara Community Bank to open on Carrillo Street

Banking & Finance, Banking Industry, Real Estate, South Coast, Tri-County Economy, West Ventura County

OCB Bancorp has taken over the 1,600-square-foot space at 21 E. Carrillo St. in downtown Santa Barbara for its new Santa Barbara Community Bank division. The location is a new branch for Ojai-based OCB Bancorp, which announced last month that it had tapped veteran banker Eloy Ortega to lead its expansion into the South Coast. Read More →