Mid-size companies expect growth despite economic hurdles
As part of a weekly partnership with KEYT, co-managing editor Jorge Mercado spoke with KEYT anchors Scott Hennessee and Beth Farnsworth to discuss this story. The link to the interview is here. Despite economic challenges and regulatory hurdles, Santa Barbara-based Aptitude Medical knows it’s on the cusp of hitting its potential, and it’s that knowledge Read More →
FTC pauses suit against Amgen on $28B acquisition
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Federal funding allocated to disaster recovery efforts
The Central Coast will receive a financial boost to its disaster recovery efforts, after the federal government announced it would be allocating $115 million to the state of California on Aug. 25. That money is to aid recovery efforts brought upon by the storms that ravaged the Central Coast in January. Secretary of Housing and Read More →
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 →
