Chinese firm to pump $665M investment into Santa Maria oil field
By Stephen Nellis / Wednesday, February 19th, 2014 / Central Coast, Technology, Top Stories, Tri-County Economy / Comments Off on Chinese firm to pump $665M investment into Santa Maria oil field
One of the most prominent oil field redevelopments in Santa Barbara County is set to be acquired by a Chinese jewelry firm. Houston-based ERG Resources confirmed to the Business Times that it is set to be acquired by Beijing-based Goldleaf Jewelry Co., a jewelry firm that also has gold mining investments.
Mission Community shareholders approve $56M acquisition
By Staff Report / Tuesday, February 18th, 2014 / Banking & Finance, Banking Industry, Central Coast / Comments Off on Mission Community shareholders approve $56M acquisition
Shareholders of San Luis Obispo-based Mission Community Bancorp have voted overwhelmingly in favor of a proposed merger with Heritage Oaks Bancorp out of Paso Robles. The $56 million deal was announced in October 2013 and would leave Heritage Oaks as the survivor and the largest bank based in the Tri-Counties.
Hotel developers embrace Paso Robles wine boom
By Christine De La Cruz / Friday, February 14th, 2014 / Central Coast, Real Estate, Top Stories, Tourism, Tri-County Economy, Wine & Viticulture / Comments Off on Hotel developers embrace Paso Robles wine boom
A hotel development frenzy in Paso Robles could double the number of rooms in town over the next 10 years, a figure that already has seen twofold growth since 2000 as wineries flourish.
Moving on up: Green storage business expands along South Coast
By Marlize van Romburgh / Friday, February 14th, 2014 / Green Coast, Real Estate, Small Business, South Coast, Tri-County Economy / Comments Off on Moving on up: Green storage business expands along South Coast
Movegreen is growing at a rapid clip and plans to start driving its biodiesel-powered moving vans down the coast in an expansion spree. The company has built a business by providing environmentally friendly moving and storage service along the South Coast.
Labor of love: Nonprofit celebrates 30 years of teaching compassion
By Christine De La Cruz / Friday, February 14th, 2014 / Features, Health Care & Life Science, Nonprofits, South Coast, Top Stories / Comments Off on Labor of love: Nonprofit celebrates 30 years of teaching compassion
Santa Barbara-based Adventures in Caring has taught thousands of future and practicing health-care professionals to provide compassion to their patients.
Vitesse makes play for Internet of things in turnaround tactic
By Stephen Nellis / Friday, February 14th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Vitesse makes play for Internet of things in turnaround tactic
Vitesse, which had $103.7 million in revenue last year, is hoping that the Internet of things will converge with the turnaround strategy it has been mounting for the past several years that is starting to come to fruition.
Santa Barbara City Council declares Stage One drought
By Staff Report / Tuesday, February 11th, 2014 / Agribusiness, Latest news, South Coast / Comments Off on Santa Barbara City Council declares Stage One drought
Santa Barbara City Council members declared a Stage One drought on Feb. 11, calling on residents and businesses to reduce water use by 20 percent.