September 5, 2024
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Select Staffing to shed debt, relinquish family control in Ch. 11

By   /  Friday, April 4th, 2014  /  Banking & Finance, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Select Staffing to shed debt, relinquish family control in Ch. 11

The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.

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Cheers to 100 years: Jordano’s kicks off centennial celebration

By   /  Friday, April 4th, 2014  /  Features, Restaurants, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Cheers to 100 years: Jordano’s kicks off centennial celebration

Pete Jordano, CEO of regional food and beverage distributor Jordano’s. The family-owned company will celebrate its 100th year in 2015. (Stephen Nellis / Business Times photo)

Jordano’s kicked off a year-long run-up to its 100th birthday celebration at its biannual food show.

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Business lessons learned from region’s largest corporate bankruptcy

By   /  Friday, April 4th, 2014  /  Columns, Opinion  /  Comments Off on Business lessons learned from region’s largest corporate bankruptcy

At least in terms of revenue, Select is the largest company in the history of the Tri-Counties to seek Chapter 11 protection from creditors.

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Updated: Select Staffing files pre-packaged Ch. 11 bankruptcy

By   /  Tuesday, April 1st, 2014  /  Banking & Finance, South Coast, Top Stories  /  1 Comment

The Select Staffing Family of Companies, the Santa Barbara-based staffing services giant, filed a pre-packaged Chapter 11 bankruptcy on April 1 listing between $50 million and $100 million in debts and $100 million to $500 million in assets.

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Region presses ‘play’ on $60M film production industry

By   /  Friday, March 28th, 2014  /  Central Coast, East Ventura County, South Coast, Top Stories, Tourism, Tri-County Economy, West Ventura County  /  Comments Off on Region presses ‘play’ on $60M film production industry

Film and television production reels in an estimated $60 million for the region each year, and the industry’s impact on the Tri-Counties is likely to rise as tourism groups in each of the three counties ramp up their outreach to Hollywood.

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A soft touch for transit: CHK America builds interactive route maps for cities

By   /  Friday, March 28th, 2014  /  Small Business, South Coast, Technology, Top Stories  /  Comments Off on A soft touch for transit: CHK America builds interactive route maps for cities

The first unit is being tested at the Santa Barbara MTD Transit Center, where the company will be refining the software that runs the system to make it as useful as possible to riders.

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AmeriFlex celebrates 25 years of helping entrepreneurs

By   /  Friday, March 28th, 2014  /  Banking & Finance, Personal Finance, Small Business, South Coast, Top Stories, Tri-County Economy  /  Comments Off on AmeriFlex celebrates 25 years of helping entrepreneurs

After a quarter century in an industry that’s changed tremendously, AmeriFlex Financial Services is gearing up for its biggest year.