Deadline approaching for final round of state pandemic relief grants
The clock is ticking for qualified small businesses and nonprofits looking to get a financial boost from the final round of the California COVID-19 pandemic relief grant program. Applications for the ninth round of the state’s Small Business COVID-19 Relief Grant will be accepted until Sept. 30. Eligible businesses must be affected by the pandemic Read More →
U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company
Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →
Energy Vault to go public in SPAC deal
Westlake Village-based Energy Vault will go public after entering into an agreement with the special purpose acquisition company Norvus Capital Corp., in a deal worth up to $388 million. The combined company will have an enterprise value of about $1.1 billion once the deal is complete, according to a Sept. 9 news release from Energy Read More →
Trek Foundation hits trails in Santa Barbara, Ventura
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Bill Foley buys Hotel Californian
Foley Entertainment Group, founded by Las Vegas Golden Knights hockey owner and Santa Barbara County wine magnate Bill Foley, has purchased the Hotel Californian on lower State Street in Santa Barbara. Foley Entertainment Group announced the purchase Sept. 1 and did not disclose the price. The property’s assessed value is $33.5 million, according to Santa Read More →
SLO County joins Santa Barbara and Ventura with new mask mandate
Public health officials in San Luis Obispo, Santa Barbara and Ventura counties now require everyone to wear face coverings in all indoor public settings to protect against COVID-19, after San Luis Obispo County reinstated its mask mandate on Aug. 31. Citing rising case rates in San Luis Obispo County, Health Officer Dr. Penny Borenstein issued Read More →
Limoneira predicts earnings growth despite drought and supply chain woes
Santa Paula-based agribusiness Limoneira released preliminary financial results on Aug. 24 for its most recent quarter, highlighting strong fresh lemon utilization which helped offset a smaller-than-expected avocado output. Limoneria said it expects revenue of $49 million in the third quarter of 2021, which would be a slight decrease from the same quarter a year ago, Read More →
