Tri-county unemployment rate drops dramatically in March
The unemployment rate for the Central Coast fell by nearly half a percent in the month of March, according to the latest data provided by the California Employment Development Department. Released on March 21, the unemployment rate of the tri-counties was at 4.56% for the month of March, down from a 5% unemployment rate in Read More →
Bank of the Sierra reports higher net income in Q1
Sierra Bancorp, the parent company of Bank of the Sierra, announced its results for the first quarter of 2024 on April 23, noting that consolidated net income was at $9.3 million for the quarter, up from $8.8 million in the same quarter a year ago. According to the financial statements, the “favorable variance” in net Read More →
Goolsbee: Inflation must pass sniff test
As a self-described “data dog,” Federal Reserve Bank of Chicago President Austan Goolsbee has done a lot of sniffing this year. With inflation seemingly stuck roughly half a percentage point above the Fed’s 2% target, Goolsbee is firm about one thing. There will be no moving the goalposts, he told a group of 150 business Read More →
Adventist eyes healthy donations in SLO County
Nonprofit Adventist Health, which has donated generously to communities throughout the state, is expected to also do so in San Luis Obispo County, where it recently acquired two hospitals. Japhet De Oliveira, a spokesman for Roseville-based Adventist, which operates nearly 30 hospitals in California, told the Business Times April 15 that the likely contributions will Read More →
Cal Poly marketing students embrace NIL
The 2021 federal ruling that made it possible for student-athletes to make money off their name, image, and likeness — NIL — has given a lot of opportunities for college athletes that go to big-name schools to make, potentially, millions of dollars. But Randy Rovegno, a professor at Cal Poly SLO’s Orfalea College of Business, Read More →
Mental health experts, facilities grow to meet a demand for services
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SLO County unveils $852 million proposed budget for 2024-25
San Luis Obispo County’s $852 million proposed budget for 2024-25 was unveiled at its inaugural State of the County program April 11. “This is hot off the press,” Rebecca Campbell, the county’s acting administrative officer, said at the event at the Embassy Suites in San Luis Obispo. “Our board (of supervisors) hasn’t even reviewed this Read More →
