Market gains but most tri-county stocks fall
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Tri-county airports get federal grants as ridership plummets
Several tri-county airports received federal funding through the Coronavirus Aid, Relief, and Economic Security Act Airport Grant Program as they faced steep declines in ridership. Of the three largest airports, San Luis Obispo County Regional Airport received the most —$20 million. Santa Barbara Municipal Airport got $9.6 million, and Santa Maria Public Airport, which lost Read More →
MannKind getting $5M loan to avoid layoffs and tackle COVID-19
Westlake Village-based MannKind said it expects $4.9 million in federal forgivable loan relief, among other financial measures that will help it avoid furloughs and layoffs as it pursues potential therapies for the COVID-19 pandemic. The company is currently exploring four potential anti-infective and antiviral therapies, said CEO Michael Castagna. “These are high risk areas and Read More →
Teledyne, Interlink making tech to fight COVID-19
Tri-county firms Teledyne and Interlink Electronics joined the list of regional suppliers of technology to respond to the COVID-19 epidemic. Teledyne DALSA, a subsidiary of Thousand Oaks-based Teledyne’s imaging division, released a new line of long wave infrared cameras to provide contact-free skin temperature and fever detection. “Its small form factor and architecture allows integrators Read More →
Paso Robles distilleries donate sanitizer to SLO County
Paso Robles craft spirits makers Krobar and Willow Creek distilleries together donated 220 gallons of sanitizer April 13 to San Luis Obispo County first responders and health care personnel. The donation was made to the the county Office of Emergency Services, which plans to distribute the sanitizer to emergency response personnel and frontline health care workers. Read More →
CLU economists say short lockdown key to small business survival
A new report from the Center for Economic Research & Forecasting at California Lutheran University underscores the ferocity of the debate around re-opening the economy. CERF forecasters Matthew Fienup and Dan Hamilton now project a stunning, nearly 20 percent drop in GDP and Great Depression levels of job losses, followed by a long, slow U-shaped Read More →
Community Bank of Santa Maria reports first quarter increases
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