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UCSB to build $74.3M bioengineering center

By   /  Tuesday, March 4th, 2014  /  Restaurants, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on UCSB to build $74.3M bioengineering center

With the state’s fiscal picture improving, UC Santa Barbara is set to break ground on a $74.3 million bioengineering center this summer.

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Sonos headquarters sold after listing for $21.5M

By   /  Monday, March 3rd, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Sonos headquarters sold after listing for $21.5M

The 47,000-square-foot building at 25 E. Mason St. in Santa Barbara’s Funk Zone has been sold to an unnamed investor for an undisclosed amount. The property was listed for $21.5 million.

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Microlending founder urges business leaders to reinvest profits

By   /  Friday, February 28th, 2014  /  Banking & Finance, Nonprofits, Top Stories  /  1 Comment

Nobel Laureate and founder of Grameen Bank Muhammad Yunus never intended to create a microlending juggernaut or invent the idea of a social business. “My work was not pre-planned,” he said. “It was an action born out of desperation.”

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$50M infusion sets stage for Mindbody IPO

By   /  Friday, February 28th, 2014  /  Banking & Finance, Central Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on $50M infusion sets stage for Mindbody IPO

San Luis Obispo-based software firm Mindbody has raised $50 million in fresh venture capital, bringing its total funds raised to date to $98 million and positioning the company for a possible initial public offering this year or next.

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2014 Family Business & Closely Held Companies honorees announced

By   /  Friday, February 28th, 2014  /  Latest news, Small Business, Top Stories  /  Comments Off on 2014 Family Business & Closely Held Companies honorees announced

From left, Kristopher Parker, Eli Parker, Ashley Parker-Snider and Tim Snider, family of the late Disney actor turned developer Fess Parker. Fess Parker Enterprises, the family's business, owns two wineries in Los Olivos, Fess Parker's DoubleTree Resort in Santa Barbara and a small boutique hotel project currently in the planning phases. (Alex Drysdale / Business Times photo)

   The Pacific Coast Business Times is pleased to announce our 2014 class of Family Business & Closely Held Companies winners. This annual special section celebrates businesses in the region that are owned or managed by multiple family members, are in the second or later generation of family ownership or that are owned and operated by a small group Read More →

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Freezing out the competition: Australian frozen yogurt brand makes global push from Ventura

By   /  Friday, February 28th, 2014  /  Small Business, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Freezing out the competition: Australian frozen yogurt brand makes global push from Ventura

Australians Angus Murray and Michael Taylor have set up a California outpost for Foxy’s Frozen Yogurt in a bid to beat the Golden State at its own game.

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Investors place bets on Ventura advertising tech firms

By   /  Friday, February 28th, 2014  /  Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Investors place bets on Ventura advertising tech firms

In a major week for advertising technology firms in Ventura, The Trade Desk has raised $20 million in a second venture capital round and Connexity has been acquired by Los Angeles-based Shopzilla.