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Central Coast leads the way as solar, tourism boost SLO County recovery

By   /  Friday, November 22nd, 2013  /  Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Central Coast leads the way as solar, tourism boost SLO County recovery

In remarks prepared for the 2014 SLO County Economic Forecast Breakfast on Nov. 22, Jordan Levine of Beacon Economics said only San Luis Obispo, San Jose, San Francisco and Bakersfield have gone positive when it comes to the pre-recession jobs peak.

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Defense leaders say industry faces skilled worker shortage

By   /  Friday, November 22nd, 2013  /  Top Stories, Tri-County Economy  /  Comments Off on Defense leaders say industry faces skilled worker shortage

Some of the nation’s top defense industry executives said at a forum at the Reagan Presidential Library on Nov. 16 that they have grave concerns about the nation’s ability to supply the workers needed to maintain the nation’s technological superiority.

Shaky job security at defense firms, competition for talent from non-defense companies and a shortage of science and math graduates are making it hard to hire and retain the kind of skilled people who have made the United States a world leader in technology for decades, panelists said.

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The new Black Friday: Small businesses rely on Saturday promotion to boost sales

By   /  Friday, November 22nd, 2013  /  Small Business, Tri-County Economy  /  Comments Off on The new Black Friday: Small businesses rely on Saturday promotion to boost sales

Small businesses throughout the Tri-Counties will offer their own promotional events and discounts as part of the most recent addition to the holiday shopping calendar, Small Business Saturday.

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Dry spell: Ventura County struggles to refill from Santa Clara River

By   /  Friday, November 22nd, 2013  /  Agribusiness, East Ventura County, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Dry spell: Ventura County struggles to refill from Santa Clara River

Farms, industries and municipalities in Ventura County could see a severe reduction in the amount of water they receive from the Santa Clara River watershed and sharply higher prices if a pair of environmental challenges are successful, a top groundwater manager said Nov. 16.

Tony Morgan, groundwater department manager for the United Water Conservation District, said at a symposium in Santa Paula that the district is unlikely to be able to supply anywhere near the water this year that it has in the past because of prolonged dry weather.

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Emissions cap prompts oil firm backlash

By   /  Friday, November 22nd, 2013  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Emissions cap prompts oil firm backlash

Santa Barbara County’s decision to impose a strict cap on carbon emissions from a proposed oil project puts the county at a competitive disadvantage in California and likely will cut into the money energy firms pump into the regional economy.

The Board of Supervisors voted 3-2 on Nov. 12 to require Santa Maria Energy to cap its carbon emissions at 10,000 tons per year. Santa Maria Energy had proposed 136 wells for a site near Orcutt.

Santa Barbara County’s oil is thick and viscous. In order to extract it, companies inject steam into wells to soften the oil. Burning natural gas to create the steam is what generates the bulk of carbon emissions.

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With funds and new CEO, Neighborhood Clinics turn the corner

By   /  Thursday, November 21st, 2013  /  Health Care & Life Science, Nonprofits, South Coast, Top Stories, Tri-County Economy  /  Comments Off on With funds and new CEO, Neighborhood Clinics turn the corner

The struggling Santa Barbara Neighborhood Clinics nonprofit is narrowing its funding gap and has a strategic plan and new permanent CEO in place, putting it on track to become financially sustainable at a time when it looks to expand service to Goleta.

“Six months ago, we were in danger of closing our doors,” said Mark Palmer, president of the board.

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Study: Skilled workers priced out of San Luis Obispo

By   /  Friday, November 15th, 2013  /  Central Coast, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Study: Skilled workers priced out of San Luis Obispo

The findings highlight a pervasive mismatch between the high price of even starter homes and the number of jobs that pay wages high enough to support those prices. Experts say the gap is a significant roadblock to the state’s economic growth.