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 →
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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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 →
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 →