State launches $500M relief program for small businesses
The first round of applications for California’s Small Business COVID-19 Relief Grant Program opened Dec. 30, a month after Gov. Gavin Newsom announced the state was giving $500 million in grants to small businesses and nonprofits. “Small business owners and our nonprofits serve as the economic heart of every California community,” Newsom said in a Read More →
Two Central Coast Wine legends to receive major Wine Enthusiast awards
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GeoLinks wins federal broadband contract, plans ‘massive growth’
For the past few years, GeoLinks’ goal as an internet service provider has been bringing connectivity to rural areas in California not prioritized by the bigger providers like Verizon or AT&T. It recently got a big boost in that effort in the form of a $234.9 million federal contract.
Westlake Village BioPartners puts $500 million into new venture funds
Westlake Village BioPartners, a venture capital firm focused on biotech startups in the Conejo Valley and the rest of greater Los Angeles, launched two new funds Dec. 15 worth a total of $500 million. The first fund is $70 million and will be used for Series B or later financing into companies that Westlake Village Read More →
State of Santa Barbara County: waiting for vaccines, making do in the meantime
The pandemic has hit Santa Barbara County in a myriad of ways, making life harder for everyone, but the county is still trying to wring a few good measures out of hard situations. At the annual State of the County address on Dec. 11, put on by a coalition of the county’s chambers of commerce, Read More →
Pandemic shutdowns put crimp in Figueroa Mountain’s bankruptcy plan
In the two months since it filed for bankruptcy, Figueroa Mountain Brewing Co., the region’s second largest craft brewer, has been both battling and working with its largest creditor, the Boston private equity firm White Winston.
Region’s PPP loans totaled $2.87B
Businesses in the tri-county region received more than $2.87 billion in potentially forgivable loans through the federal Paycheck Protection Program, according to an early December release of data from the U.S. Small Business Administration.
