Bill Foley buys Hotel Californian
Foley Entertainment Group, founded by Las Vegas Golden Knights hockey owner and Santa Barbara County wine magnate Bill Foley, has purchased the Hotel Californian on lower State Street in Santa Barbara. Foley Entertainment Group announced the purchase Sept. 1 and did not disclose the price. The property’s assessed value is $33.5 million, according to Santa Read More →
Last day to apply for pandemic relief grants in Ventura County; Guadalupe offers startup assistance
The application window for Ventura County’s COVID-19 assistance grant program to help businesses and nonprofit organizations will close at 6 p.m. on Sept. 2. Ventura County launched its fourth COVID-19 assistance grant program for businesses and nonprofits that did not receive a grant during the county’s prior business programs. Ventura County-based businesses and nonprofits may Read More →
Semtech shares up after strong earnings report
Semtech Corp., a Camarillo semiconductor company specializing in Internet of Things applications, saw shares up more than 5% after the markets closed Sept. 1 after the company shared a record-breaking financial statement for the second quarter of fiscal year 2021-22. Semtech delivered earnings of $32.2 million, or 50 cents per share, for the second quarter Read More →
SLO County joins Santa Barbara and Ventura with new mask mandate
Public health officials in San Luis Obispo, Santa Barbara and Ventura counties now require everyone to wear face coverings in all indoor public settings to protect against COVID-19, after San Luis Obispo County reinstated its mask mandate on Aug. 31. Citing rising case rates in San Luis Obispo County, Health Officer Dr. Penny Borenstein issued Read More →
QAD reports loss as $2B acquisition nears
QAD, a Santa Barbara-based cloud software company for the manufacturing industry, saw its revenue and expenses rise in the second quarter of 2021 as the company prepares to be bought out by a San Francisco-based private equity firm. QAD lost $6.3 million, or 31 cents per share, in the quarter ended July 31, the company Read More →
Congratulations to the 40 Under 40 class of 2021
The Pacific Coast Business Times published its annual 40 Under 40 special report on Aug. 27 and will hold a virtual reception on Sept. 20 to honor the class of 2021. The 40 Under 40 is an annual special section that honors 40 of the region’s younger movers and shakers, including people who have started Read More →
Ventura County takes new tack to redevelop Channel Islands Harbor
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