Precision Construction wins federal award
By Jorge Mercado / Monday, March 20th, 2023 / Economy, Latest news, San Luis Obispo County, Top Stories, Top Story / Comments Off on Precision Construction wins federal award
San Luis Obispo-based Precision Construction Services received one of the Small Business Administration’s highest honors, being selected as the Small Business Persons of the Year Award, the SBA announced on March 20. The award recognizes Precision for both business success and local community contributions, the SBA said in a press release. The company was founded Read More →
Amgen lays off another 450 workers
By Jorge Mercado / Thursday, March 16th, 2023 / Health Care & Life Science, Latest news, Top Stories, Top Story / Comments Off on Amgen lays off another 450 workers
For the second time this year, Amgen is cutting hundreds of jobs in an effort to curtail expenses in the face of an uncertain economy. Amgen, the largest employer in Ventura County, announced on March 16 that it would be laying off 450 workers, which equates to 2% of its current workforce. In a statement Read More →
Updated: Feds take swift action to avoid financial crisis
By Henry Dubroff / Sunday, March 12th, 2023 / Banking & Finance, Economy, Latest news, Top Stories, Top Story / Comments Off on Updated: Feds take swift action to avoid financial crisis
Update: This article was updated on March 13 to include stock prices of banks both inside and outside the region as well as include an exclusive interview with American Riviera Bank President Jeff Devine. This article was updated again on March 14 to update stock prices. Regional bank stocks were headed into recovery mode on Read More →
Bank CEO, economist see little impact from SVB failure
By Henry Dubroff / Friday, March 10th, 2023 / Banking & Finance, Banking Industry, Economy, Latest news, Subscriber content, Top Stories, Top Story, Tri-County Economy / Comments Off on Bank CEO, economist see little impact from SVB failure
The chair of the region’s biggest bank a leading economist responded quickly to the biggest bank failure since the financial crisis with reassurances that Silicon Valley Bank is unlikely to have broad impacts. Based in Santa Clara, Silicon Valley Bank had its doors closed and its deposits seized by the Federal Deposit Insurance Corp., the Read More →
Simi Valley attracts corporate HQs
By Mike Harris / Friday, March 3rd, 2023 / East Ventura County, Economy, Latest news, Regions, Subscriber content, Top Stories, Top Story / Comments Off on Simi Valley attracts corporate HQs
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Wyatt Tech will keep strong Goleta presence
By Jorge Mercado / Friday, February 24th, 2023 / Latest news, Subscriber content, Technology, Top Stories, Top Story / Comments Off on Wyatt Tech will keep strong Goleta presence
Legacy is very important to the Wyatt family. That is why the executive team at Wyatt Technology ensured that although it is being sold to Waters Corporation with a $1.36 billion price tag, announced on Feb. 15, its impact on the Santa Barbara community will not waver. “Protecting our employees and their jobs in the Read More →
Affordable housing will be key for economic recovery in Ventura County
By Mike Harris / Wednesday, February 22nd, 2023 / Economy, Latest news, Regions, Top Stories, Top Story, Ventura County / Comments Off on Affordable housing will be key for economic recovery in Ventura County
While Ventura County is facing a slow post-pandemic economic recovery, there‘s reason to be more optimistic about the long term, according to the Center for Economic Research and Forecasting at Cal Lutheran. “There’s a fundamental change in attitudes (by cities) about growth – that we can achieve balance between jobs, housing and the environment to Read More →