Income up at Bank of the Sierra
Sierra Bancorp, the parent company of Bank of the Sierra, announced a record quarter as net income grew by 16 percent from a year earlier. Bank of the Sierra is based in Porterville, in the San Joaquin Valley, and has 12 branches in the tri-county region, the result of a series of acquisitions of Central Read More →
Cal Poly kicks off startup competition
Central Coast companies looking for equity-backed funding now have the chance to make their case to investors through Cal Poly, San Luis Obispo. Cal Poly’s Center for Innovation and Entrepreneurship Small Business Development Center SBDC opened its application for AngelCon 2021 on Oct. 16. AngelCon, an annual event heading into its fourth iteration, is a Read More →
Region’s employment picture a little brighter
The unemployment rates in Santa Barbara, Ventura and San Luis Obispo counties all continued to drop in September, and all three counties had healthier labor markets than the state a whole. The combined unemployment rate for the tri-county region was 7.9 percent in September, according to a Business Times analysis of data released Oct. 16 Read More →
Port of Hueneme reports strong comeback from pandemic shutdowns
Business at the Port of Hueneme has exceeded its management’s expectations during the COVID-19 pandemic, port officials said Oct.15 at the Oxnard Chamber of Commerce’s annual “State of the Port” address. When the shutdown started in March, all 10 of the automobiles manufacturers that use the port stopped production of cars. The auto-cargo industry accounts Read More →
Amazon coming to Oxnard next year
Amazon is opening a new fulfillment center at the Sakioka Farms Business Park in Oxnard, bringing more than 1,500 jobs with benefits when the facility opens next year. “This couldn’t have come at a better time, given the pandemic and the economic downturn,” City Councilwoman Carmen Ramirez said in a city news release. “The opportunity Read More →
GeoLinks expands with new acquisition
GeoLinks, an internet service provider based in Camarillo, has acquired network assets including fixed wireless infrastructure and spectrum licenses from TPx Communications of Los Angeles, GeoLinks announced Oct. 9. The acquisition will help GeoLinks continue to grow and expand its network footprint in key regions across the state and beyond, particularly in the Bay Area Read More →
State Street property leased for downtown housing
The old Staples and Reid’s Appliance buildings in downtown Santa Barbara have been leased with plans to add 84 units of housing to the property. The new tenant has a 99-year ground lease for the property on lower State Street, Radius Commercial Real Estate announced Oct. 8. The city has given preliminary approvals to build Read More →
