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Direct Relief seeks to purchase airport land for new campus

By   /  Thursday, July 31st, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Direct Relief seeks to purchase airport land for new campus

The Santa Barbara City Council is slated to hear a proposal from Direct Relief, the largest nonprofit headquartered in the region, to buy a parcel of land near the municipal airport and build a 125,000-square-foot facility there. Goleta-based Direct Relief has outgrown its existing facility and wants to build a 100,000-square-foot warehouse and 25,000 square Read More →

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Caruso pushes forward with scaled-back Miramar plans

By   /  Thursday, July 31st, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  1 Comment

  Los Angeles real estate magnate Rick Caruso is amending his plans for the multimillion-dollar revival of Miramar Beach Resort & Bungalows in Montecito to include a little more shrinkage. Caruso Affiliated received approval for the hotel in March 2011 after a years-long hearing process in which Seinfeld actress Julia Louis-Dreyfus, a neighbor of the Read More →

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Heritage Oaks Q2 profits jump 25%

By   /  Tuesday, July 29th, 2014  /  Banking & Finance, Banking Industry, Central Coast, South Coast, Tri-County Economy  /  Comments Off on Heritage Oaks Q2 profits jump 25%

Paso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to Read More →

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Ventura County’s ripe farm loan market drives $15.3M bank deal

By   /  Friday, July 25th, 2014  /  Agribusiness, Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Ventura County’s ripe farm loan market drives $15.3M bank deal

Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central Read More →

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Allergan’s South Coast exit reshapes breast implant industry

By   /  Friday, July 25th, 2014  /  Health Care & Life Science, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Allergan’s South Coast exit reshapes breast implant industry

The region’s status changed dramatically on July 21 when Irvine-based Allergan announced that it would shutter its Santa Barbara operations and eliminate 300 jobs there.

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Announcing the 2014 Spirit of Small Business winners

By   /  Friday, July 25th, 2014  /  Central Coast, East Ventura County, Green Coast, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County, Women Inc.  /  Comments Off on Announcing the 2014 Spirit of Small Business winners

The Pacific Coast Business Times is pleased to announce our 2014 class of Spirit of Small Business award winners. The annual special section, now in its 12th year, celebrates small-business ownership and entrepreneurship in the Tri-Counties.

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Keeping Score: Nonprofit business advisers celebrate 50 years

By   /  Friday, July 25th, 2014  /  Central Coast, East Ventura County, Small Business, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Keeping Score: Nonprofit business advisers celebrate 50 years

  The business-advice nonprofit Score just turned 50, but the advice it provides is ageless. The national organization is celebrating its 50th anniversary this year, and the San Luis Obispo branch is celebrating 30 years. For half a century, Score has provided free or low-cost mentoring and workshops to entrepreneurs and business owners around the Read More →