Oxnard powers up with region’s biggest battery facility
One of the largest energy storage facilities in the United States was unveiled to the public on June 29, as Oxnard and Ventura County residents, politicians, and business leaders gathered to see the 100-megawatt battery storage system in action. The facility, the Saticoy Energy Storage Site, works by capturing energy during the day when the Read More →
AeroVironment shares drop after earnings report
AeroVironment, a drone and robotics company with its chief operations in Simi Valley, delivered record revenue in the fourth quarter and full year of 2021, according to earnings released June 29, but a couple of key losses led to a year-to-year earnings drop. In the fourth quarter of its 2021 fiscal year, AeroVironment posted a Read More →
United Dropping Two Santa Maria Routes
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Thoma Bravo deepens investment in region with $2B acquisition of QAD
Editor’s note: This article was originally posted June 28, and updated July 1 with additional reporting on the pending deal. The enterprise software company QAD is being acquired by Thoma Bravo in an all-cash transaction worth around $2 billion, another sign of growth in the Santa Barbara technology industry. Santa Barbara-based QAD, which provides cloud Read More →
PPP loans in region approach $4 billion
Employers in the tri-county region received almost $4 billion in forgivable loans through the federal Paycheck Protection Program, aimed at preserving more than 450,000 jobs in the region, according to a Business Times analysis of U.S. Small Business Administration data. The PPP loan application period ended on May 31, 2021, for both the First and Read More →
Water agencies file suit against Santa Barbara County
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Parker Clay is growing at home and abroad
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