Unemployment rate drops in Tri-Counties, still in double digits
Unemployment rates in Ventura, Santa Barbara and San Luis Obispo counties continued to inch downward in July, though all three remained at historically high levels in the fourth month of the coronavirus pandemic. The combined civilian unemployment rate for the tri-county area was 10.7 percent in July, according to a Business Times analysis of data Read More →
Interlink shares rise despite earnings drop
Interlink Electronics shares popped 36 percent to a new 52-week high ahead of an earnings report on Aug. 17 that showed a 15 percent dip in revenue but net income that stayed barely in the black. The results come as the sensor manufacturer is preparing to move into a new headquarters in Irvine and make Read More →
Charges filed in Wolfe & Associates hacking case
Felony charges were filed Aug. 12 against six people suspected of hacking into the computer networks of Wolfe & Associates, a Santa Barbara-based property management firm, as part of an unemployment insurance fraud scheme. The suspects—Gordon Alan Welteren, Nicole Michelle Milan, William Lee Gormley and Christina Renata Hesler of San Diego; David Zarate of Oxnard; Read More →
Region’s restaurants take it outside
In San Luis Obispo, Santa Barbara and Ventura counties, businesses have been encouraged to take advantage of outdoor spaces around them, and in cities like Paso Robles, Solvang, Santa Barbara and Ventura, cities have shut down main thoroughfares to give restaurants more room to expand into the streets and sidewalks. “It’s a really great opportunity Read More →
Montecito Bank & Trust reports big quarter due to PPP loans
Montecito Bank & Trust’s total net income grew more than 15 percent in the second quarter, buoyed by increases in total assets, loan growth and deposit growth, the bank announced Aug. 10. Many of the bank’s key measures grew by leaps and bounds between June 30, 2019 and June 30, 2020. Montecito Bank & Trust’s Read More →
Pandemic relief grants available for SLO businesses
A public-private partnership in San Luis Obispo began accepting applications Aug. 10 for $260,000 in small business relief grants. The money will go to 52 local businesses, with each one receiving $5,000, according to a city news release. The application period opens at 11 a.m. on Aug. 10 and will remain open until Aug. 24. Read More →
Pandemic has silver lining for Trade Desk
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