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Latest

Haas shelves Oxnard expansion, looks to other states

By   /  Thursday, January 19th, 2012  /  Latest news, Tri-County Economy  /  Comments Off on Haas shelves Oxnard expansion, looks to other states

Oxnard-based Haas Automation, the nation’s largest maker of computer-controlled machine tools, has shelved plans to construct a new facility in Ventura County and is instead looking to other states with more stable regulatory environments. The news came in a letter from Oxnard Mayor Tom Holden to Lt. Gov. Gavin Newsom’s office. In his letter, Holden Read More →

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Santa Barbara hotel tax revenue on track for record

By   /  Wednesday, January 18th, 2012  /  Latest news, Tourism, Tri-County Economy  /  Comments Off on Santa Barbara hotel tax revenue on track for record

Thanks to a rebound in tourism, including an influx of foreign visitors, Santa Barbara is on pace to set a record for hotel tax revenue in 2011-12. While the city’s overall sales taxes also are increasing, they’ve not yet rebounded to pre-recession levels, said City Manager Jim Armstrong. He delivered the annual state of the Read More →

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Cottage Hospital 2.0 — $700M rebuild makes public debut

By   /  Friday, January 13th, 2012  /  Features, Real Estate, Tri-County Economy  /  Comments Off on Cottage Hospital 2.0 — $700M rebuild makes public debut

One of the priciest construction projects in the history of Santa Barbara County, the new Santa Barbara Cottage Hospital is almost complete.

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RDA shutdown looms for TO, Santa Barbara

By   /  Friday, January 13th, 2012  /  Top Stories, Tri-County Economy  /  Comments Off on RDA shutdown looms for TO, Santa Barbara

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Region’s community foundations bounce back

By   /  Friday, January 13th, 2012  /  Nonprofits, Top Stories, Tri-County Economy  /  Comments Off on Region’s community foundations bounce back

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Port pumps $200M into region

By   /  Monday, January 9th, 2012  /  Latest news, Tri-County Economy  /  Comments Off on Port pumps $200M into region

Port Hueneme, a major entry point for cars and bananas in Ventura County, generates about $202 million in economic output and supports 1,516 jobs, according to a study released today. The report, issued by the Center for Economic Research and Forecasting at Thousand Oaks-based California Lutheran University, analyzed the port, which is the only deepwater Read More →

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Forecast: Businesses, banks look for new models

By   /  Friday, January 6th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Forecast: Businesses, banks look for new models

The Tri-Counties starts 2012 with six fewer local banks than it had before the start of the financial crisis, and the local economy continues to stutter through a broader recovery. But area economists and finance insiders say the region is doing better than the rest of California, boosted by its tourism and technology sectors, and Read More →