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Xirrus raises $23.5M in new capital

By   /  Thursday, September 27th, 2012  /  Banking & Finance, Latest news, Technology  /  Comments Off on Xirrus raises $23.5M in new capital

Thousand Oaks-based wireless firm Xirrus has raised an additional $23.5 million in venture capital, bringing its total funding to an estimated $122 million. The lastest funding round was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners and US Venture Partners. Xirrus makes heavy duty Wi-Fi systems designed to replace wired networks Read More →

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Commission approves La Entrada changes

By   /  Thursday, September 27th, 2012  /  Latest news  /  Comments Off on Commission approves La Entrada changes

Plans for La Entrada, the long-awaited hotel and condominium project on lower State Street, took another step forward Sept. 26 as Santa Barbara’s Historic Landmarks Commission approved changes to the 123-unit development’s design. The commission gave the hotel’s developer, 35 State Street Hotel Partners, the go-ahead to alter plans for sidewalk and street-lighting designs adjacent Read More →

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VCEDA remains opposed to pair of public education propositions

By   /  Wednesday, September 26th, 2012  /  Latest news  /  Comments Off on VCEDA remains opposed to pair of public education propositions

The Ventura County Economic Development Association, or VCEDA, has not budged on its opposition to two state ballot measures that would raise money for public education by increasing taxes. Earlier this month, VCEDA’s opposition to Proposition 30 and Proposition 38 — dueling tax measures designed to raise money for public education — kicked off a Read More →

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U.S. Chamber endorses Maldonado

By   /  Wednesday, September 26th, 2012  /  Latest news  /  Comments Off on U.S. Chamber endorses Maldonado

The U.S. Chamber of Commerce has put its weight behind Abel Maldonado, the Republican candidate who’s running against incumbent Lois Capps to represent California’s 24th Congressional District. The endorsement came Sept. 26 in San Luis Obispo at an event hosted by Meathead Movers, a U.S. Chamber member. “Abel Maldonado recognizes that free enterprise, not more Read More →

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SB Foundation receives grant for journalism project

By   /  Tuesday, September 25th, 2012  /  Latest news  /  Comments Off on SB Foundation receives grant for journalism project

The Santa Barbara Foundation will receive a $500,000 matching grant, for a total of $1 million, over two years to create a new journalism platform for the South Coast. Miami-based John S. and James L. Knight Foundation is providing the funding to launch the Santa Barbara Journalism Initiative, described as a “a nonprofit enterprise journalism Read More →

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Westlake film makers bank on fraternity humor site

By   /  Friday, September 21st, 2012  /  Banking & Finance, Latest news, Small Business, Technology  /  Comments Off on Westlake film makers bank on fraternity humor site

Word, brah. A pair of Westlake Village film industry veterans are out to raise $3.5 million to make a motion picture based on Total Frat Move, a wildly popular website that chronicles, sometimes crassly but always humorously, Greek life on campus from the male viewpoint. The brand’s ultimate owners hope it will ultimately become a Read More →

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VCEDA confirms loss of $10K sponsor

By   /  Wednesday, September 19th, 2012  /  Latest news, Tri-County Economy  /  2 Comments

The Ventura County Economic Development Association may reconsider its position on two ballot propositions to raise taxes to fund public education after the county’s community college district officially yanked its $10,000 title sponsorship of a popular business outlook conference hosted by the group. The group, more commonly known as VCEDA, has hosted an annual business Read More →