Backed by local venture firm, tech company opens new Santa Barbara headquarters
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Regional unemployment rate hits new pandemic-era low
The tri-county region’s combined unemployment rate dropped to 4.7% in October, down from 5% in September and a new pandemic-era low, according to new data released by the California Employment Development Department on Nov. 19. The statewide unemployment rate in mid-October was 7.3%, down from 7.5% the month in September, as California added 96,800 non-farm Read More →
Sonos reports loss for quarter but record annual revenue
Santa Barbara home audio company Sonos beat analysts’ expectations with its fourth-quarter earnings and also delivered record revenues for its 2021 fiscal year, but supply chain issues could spoil the first half of 2022, the company said. Sonos reported a net loss of $8.7 million in the quarter ended Sept. 30, according to results released Read More →
WEV wins $50K Bank of America grant for equity programs
Women’s Economic Ventures received $50,000 in grant funding from Bank of America’s philanthropic program to help underrepresented entrepreneurs on the Central Coast. The grant, announced by the Santa Barbara-based nonprofit on Nov. 17, will be used to advance a micro-grant and entrepreneurial training pilot program it launched recently in partnership with an Oxnard-based nonprofit supporting Read More →
Gallegly sues CLU over public service center
UPDATE, 2:48 p.m., 11/16/2021: This article was revised to include comments from a California Lutheran spokesperson. Former U.S. Rep. Elton Gallegly has filed a lawsuit against California Lutheran University in Thousand Oaks alleging problems with the funding and establishment of an on-campus public service center named after him. The complaint, filed Nov. 15 in Ventura Read More →
Dubroff: It’s time for Ventura County’s biennial checkup from the Civic Alliance
For nearly two decades, the Ventura County Civic Alliance has delivered a snapshot of the county’s economy and demographics. Published first in 2002 and every other year since 2013, the “State of the Region” report has become a yardstick for measuring what’s happening in key industries and on issues like healthcare and housing. David Maron, Read More →
Real Estate: Hotel Californian was Santa Barbara’s biggest hotel sale in years
The Hotel Californian on lower State Street in Santa Barbara was purchased for an estimated $130 million, according to Hayes Commercial Real Estate’s recently released South Coast market report. Foley Entertainment Group, founded by Las Vegas Golden Knights hockey owner and Santa Barbara County wine magnate Bill Foley, bought the 121-room hotel near Santa Barbara’s Read More →
