PG&E reaches settlement over Diablo Canyon closure
The Pacific Gas and Electric Company agreed to pay between $122.5 million to $147.5 million to seven San Luis Obispo County cities, the county and the school district to offset some of the negative impacts from the eventual closure of the Diablo Canyon Power Plant. PG&E announced plans in June to close its power plant Read More →
SLO County supervisors OK workforce housing pilot program
The San Luis Obispo County Board of Supervisors approved a pilot program that aims to incentivize the development of more workforce housing. The program, which got a 3-2 nod at a Nov. 22 meeting, eases design guidelines and streamlines the review process. It reduces the requirement for developers to provide low-income housing or pay in-lieu Read More →
Cambria Winery empowers women through grants
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Central Coast entrepreneurs high on marijuana
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Philanthropists honored in San Luis Obispo
More than 150 community leaders turned out at the Madonna Inn on Nov. 15 as the 2nd annual San Luis Obispo County National Philanthropy Day Awards honored two of the region’s high tech pioneers. Bert and Candee Forbes, who founded and owned Ziatech until its sale to Intel in 1999, shared Philanthropist of the Year Read More →
Central Coast has time to adjust to Diablo Canyon closure
The closure of the Diablo Canyon Power Plant will hurt the San Luis Obispo County economy but the region will have time to adjust as the plant cycles down, Robert Kleinhenz of Beacon Economics said. Pacific Gas and Electric announced plans in June to close its power plant by 2025, leaving the area without one Read More →
Founders Community Bank in SLO being acquired
Fresno-based Premier Valley Bank will acquire San Luis Obispo-based Founders Community Bank in a stock-and-cash transaction valued at approximately $29.1 million, or $21.87 per share, the companies announced on Oct. 31. The parent company of Premier, Heartland Financial USA, aims to acquire Founders, a wholly-owned subsidiary of Founders Bancorp, in a 70 percent stock and Read More →
