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Santa Maria chamber names Citizen of the Year award for Bob Hatch

By   /  Thursday, August 14th, 2014  /  Central Coast, Tri-County Economy  /  Comments Off on Santa Maria chamber names Citizen of the Year award for Bob Hatch

The Santa Maria Valley Chamber of Commerce has renamed its Citizen of the Year Award for outgoing President Bob Hatch and given him the inaugural honor. The change was announced at the chamber’s annual dinner on Aug. 13. The award is now called the Robert P. Hatch Citizen of the Year award. In accepting the Read More →

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CoastHills Credit Union expands to five counties

By   /  Wednesday, August 13th, 2014  /  Banking & Finance, Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy  /  Comments Off on CoastHills Credit Union expands to five counties

CoastHills Credit Union, the region’s largest credit union, has extended its reach from the southern edge of the Bay Area to the Los Angeles County line. The $750 million-asset financial institution said Aug. 13 that its July conversion from a federal to a state charter will allow it to set its service area as the Read More →

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Inogen raises 2014 guidance after beating on Q2 profits

By   /  Tuesday, August 12th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen raises 2014 guidance after beating on Q2 profits

Shares of Goleta-based Inogen climbed 4.3 percent in after-hours trading on Tuesday as the medical-device maker reported better-than-expected second-quarter revenue and profit. The company, which went public earlier this year, makes portable at-home oxygen concentrators. Its second-quarter revenue soared 50.8 percent to $30.4 million, beating the Capital IQ Consensus Estimate by $6.5 million. Product sales Read More →

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Persona signs deal to roll out 20 pizza restaurants in Florida

By   /  Monday, August 11th, 2014  /  Small Business, South Coast, Tri-County Economy  /  Comments Off on Persona signs deal to roll out 20 pizza restaurants in Florida

  Santa-Barbara-based Persona Neapolitan Pizzeria has inked a franchising deal to open up to 20 stores in Florida across a 10-year span, kicking off a development plan the restaurant announced earlier this year. The State Street restaurant, which serves fast-casual, thin-crust, Neapolitan-style pizzas, is launching a string of stores in South Florida through Sager Management Read More →

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80-acre home development in Orcutt sells

By   /  Monday, August 11th, 2014  /  Central Coast, Real Estate, Tri-County Economy  /  Comments Off on 80-acre home development in Orcutt sells

An 80-acre residential development in Orcutt has been sold for an undisclosed amount. The project, called Bradley Village, was purchased by an area investment group called Bradley Ventures after listing for $8 million, according to Hayes Commercial Group, which represented the buyer in the deal negotiations. Also known as Key Site 30, the project is Read More →

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Target toughens talk in Goleta store hunt

By   /  Friday, August 8th, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Target toughens talk in Goleta store hunt

Target Corp., the second-largest discount retailer in the U.S., is searching for a new site for a potential store in Goleta. It is no longer under contract to purchase the site long planned for a store at Hollister Avenue and Los Carneros Way in Goleta, insiders say, but several options remain open as the big-box Read More →

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Startup Weekend, en Español: Entrepreneurs pitch in Santa Maria

By   /  Friday, August 8th, 2014  /  Central Coast, Small Business, Technology, Top Stories, Tri-County Economy  /  Comments Off on Startup Weekend, en Español: Entrepreneurs pitch in Santa Maria

  A design for a face-mask to protect farm laborers from dust, pesticides and sun damage took home the top spot at the first Spanish Startup Weekend in the U.S. The event, held the weekend of Aug. 1-3 in Santa Maria, gathered four teams who spent 54 hours working on prototypes and presentations for their Read More →