Capps: Unemployment figures a setback, but recovery is working
By Pacific Coast Business Times Staff / Friday, January 8th, 2010 / Top Stories / Comments Off on Capps: Unemployment figures a setback, but recovery is working
On the same day that the December jobs report revealed that the U.S. lost an unexpected 85,000 jobs in December, Congresswoman Lois Capps, D-Santa Barbara, concluded a week-long tour through the Tri-Counties to gauge the impacts of the federal economic recovery effort. “We’re still feeling the effects [of the recession], but we’re well past where Read More →
Banks remain under tight watch in 2010
By Pacific Coast Business Times Staff / Monday, January 4th, 2010 / Top Stories / Comments Off on Banks remain under tight watch in 2010
The tri-county banking industry enters 2010 with two fewer banks than the year before and at least three banks working under federal orders or agreements to raise cash. A few community bankers see brighter days ahead, but regulators remain tough and the story remains unchanged from 2009: Capital is king. Santa Barbara-based Pacific Capital Bancorp Read More →
Only up from here
By Pacific Coast Business Times Staff / Monday, January 4th, 2010 / Top Stories / Comments Off on Only up from here
It took all of 2009 to do it, but retail is slowly building momentum after coming to a virtual standstill in late 2008. It wasn’t a strong year by any measure, but for retailers that means 2010 can only get better. Despite deflated holiday sales, stores in the Tri-Counties and across the nation reported a Read More →
Start-ups face venture capital drought
By Pacific Coast Business Times Staff / Monday, January 4th, 2010 / Top Stories / Comments Off on Start-ups face venture capital drought
In the world of technology start-ups, 2010 may mark the beginning of a new normal, with fewer, saner deals and a tight focus on getting profitable ideas to market without burning through a lot of cash. In 2009, venture capital investment in the Southern California region was down 62 percent to $643 million, according to Read More →
Drinking but not staying
By Pacific Coast Business Times Staff / Monday, January 4th, 2010 / Top Stories / Comments Off on Drinking but not staying
Visitors will keep coming to the region this year to enjoy a glass or two of Central Coast wine, but they probably won’t stay long. The tri-county tourism outlook indicates that while wineries can expect tasting room visits and sales to go up, area hotels and resorts will likely see continued price and occupancy rate Read More →
Higher education tightens its belt again
By Pacific Coast Business Times Staff / Monday, January 4th, 2010 / Top Stories / Comments Off on Higher education tightens its belt again
In 1960, California passed a master-plan for higher education that put the state at the leading edge of the nation’s public colleges and universities. Without that vision, inventions like the Internet never may have come into American homes. But after a year of implementing layoffs, staff furloughs, tuition increases, enrollment freezes and cuts to deal Read More →
The Year in Review 2009
By Pacific Coast Business Times Staff / Monday, December 28th, 2009 / Top Stories / Comments Off on The Year in Review 2009
The top stories, revisited Scroll down to read the top Business Times stories of 2009 by topic and to view a month-by-month timeline of highlights (and lowlights) from the year. Top stories by topic: THE ECONOMY • Stimulus funds flood the region [published Nov. 6, 2009] Stimulus dollars have poured into the Tri-Counties since President Read More →
