Cottage Health receives largest donation to create new center
The Santa Barbara Cottage Health Foundation received a $50 million donation, the single largest gift in Cottage’s 135-year history, from philanthropists Mary and Richard Compton, the hospital recently announced on Aug. 22. In total, the Comptons have donated $65 million to support medical excellence and innovation at Cottage Health. The couple, who live in Santa Read More →
AppFolio lays off 9% of workforce in second round of 2023 cuts
AppFolio CEO Shane Trigg announced that the company would be firing 9% of its workforce, or 149 employees, effectively immediately, he wrote in a letter sent out to employees on Aug. 17. The letter, filed with the U.S. Securities and Exchanges Commission, said the company’s lack of profitability hurt “our ability to achieve our potential.” Read More →
24 tri-county companies earn a spot on national fastest-growing companies list
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Herbl’s high hopes run out of green
For the majority of the past five years, Goleta-based Herbl was shipping a lot of cannabis and making a lot of green in the process, reporting that sales exceeded $200 million in 2022. But as of August 2023, the company has largely ceased operations and filed for receivership. Once the largest cannabis distributor in the Read More →
AI companies in the tri-county region see sizeable backing
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NBVC service member charged with conspiracy
A United States Navy service member who was stationed at the Naval Base Ventura County in Port Hueneme has been indicted and arrested for conspiracy and accepting bribes from China in exchange for giving private U.S. military information. The grand jury indictment was unsealed Thursday, according to a press release from the United States Attorney’s Read More →
VCCU sued after delaying notification on data breach
Update: The headline of this article has been updated. The Ventura County Credit Union has been hit with two class action lawsuits over a 2022 cyber theft of data from up to 82,000 customers and employees, a breach the nonprofit didn’t disclose for six months. The suits were filed by then-customers Trevor McCartney and Brian Read More →
