Thornberg: SLO County poised to lead regional recovery
By Stephen Nellis / Friday, June 14th, 2013 / Central Coast, Top Stories, Tri-County Economy / Comments Off on Thornberg: SLO County poised to lead regional recovery
With its wine grapes, relatively affordable housing and recovering labor market, San Luis Obispo County sits at the leading edge of the recovering in the Tri-Counties and statewide. That was the view from Chris Thornberg, founder of Los Angeles-based Beacon Economics, at the semi-annual Central Coast Economic Forecast held in Atascadero on June 6. Speaking Read More →
Grass-to-gas firm to get $100M for first project
By Stephen Nellis / Friday, June 14th, 2013 / Technology, Top Stories / Comments Off on Grass-to-gas firm to get $100M for first project
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$243M merger comes with fine, branch closures
By Marlize van Romburgh / Friday, June 7th, 2013 / Banking & Finance, Banking Industry, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on $243M merger comes with fine, branch closures
PacWest Bancorp’s contentious acquisition of First California Bank has closed but the dust hasn’t settled yet on the $243 million merger. As the deal was sealed, the banks announced that federal regulators had ordered First California to pay a $600,000 fine and set up $1.1 million in restitution to more than 64,000 consumers who had Read More →
County to seize Lompoc pond for salamander
By Stephen Nellis / Friday, June 7th, 2013 / Agribusiness, Law & Goverment, Real Estate, Top Stories, Tri-County Economy / Comments Off on County to seize Lompoc pond for salamander
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ECA Medical expands into new Thousand Oaks facility
By Dana Olsen / Friday, June 7th, 2013 / Technology, Top Stories / Comments Off on ECA Medical expands into new Thousand Oaks facility
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State exec to shed light on insurance exchange costs
By Dana Olsen / Friday, May 31st, 2013 / Banking & Finance, Health Care & Life Science, Small Business, Top Stories, Tri-County Economy / Comments Off on State exec to shed light on insurance exchange costs
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$118M Hertel bankruptcy signals end of saga
By Stephen Nellis / Friday, May 31st, 2013 / Features, Top Stories, Tri-County Economy / 1 Comment
Ventura-based developer Ronald W. Hertel has filed for personal bankruptcy, listing assets of $591,000 and debts of $118.4 million, likely signaling the final chapter in the spectacular collapse of his business empire. At his peak, Hertel claimed large stakes in homebuilder R.W. Hertel & Sons, private jets, vineyards and a thoroughbred horse ranch. He tried Read More →