Cal Poly study: Morro Bay wind power could bring thousands of jobs
A wind farm off the coast of Morro Bay could bring 650 jobs and $262 million in annual economic impact to the Central Coast, and an onshore port to assemble and service wind turbines would be a much bigger economic boost, according to a new study by researchers from Cal Poly San Luis Obispo. The Read More →
Read More →Region’s unemployment dropped to 6% in April, but shrinking workforce played a part
The tri-county region’s unemployment rate dropped from 6.4% in March to 6% in April, equaling its lowest rate since the pandemic began, according to a Business Times analysis of data released May 21 by the California Employment Development Department. The drop in the unemployment rate was due in part to job growth, but a shrinking Read More →
Read More →New study puts Vandenberg at $5.8B in economic impact, 20K jobs
Editor’s note: This article was updated shortly after it was posted to include information about the planned renaming of the base. Vandenberg Air Force Base was responsible for 20,000 jobs and $5.8 billion in economic activity in 2020, with room to grow to $7.9 billion in output by 2030, according to a new study by Read More →
Read More →Teledyne closes $8.2B Flir acquisition
Thousand Oaks-based Teledyne Technologies completed its purchase of Flir Systems on May 13 when the stockholders of each company approved the $8.2 billion deal, Teledyne announced May 14. Flir, a thermal imaging company based in Oregon with a large presence in Goleta, is now part of Teledyne’s Digital Imaging Segment and operates under the name Read More →
Read More →Flights to start in June between SLO and San Diego, Portland
Editor’s note: This article has been updated to correct a reference to Alaska Airlines’ Santa Barbara-San Diego route. That route has not begun service yet. Alaksa Airlines will begin flying between San Luis Obispo and both Portland and San Diego on June 17. Both routes were originally planned to start last year but were delayed Read More →
Read More →Business Times Hall of Fame: UCSB Chancellor Henry Yang
Editor’s note: Henry Yang, the chancellor of UC Santa Barbara since 1994, is this year’s entry into the Pacific Coast Business Times tri-county business Hall of Fame. He will be honored in a virtual event on May 20. Register for the event here and check out the entire Hall of Fame special section here. He’s Read More →
Read More →UC, CSU campuses plan to require COVID-19 vaccinations in fall
UC Santa Barbara, Cal Poly San Luis Obispo, CSU Channel Islands and the other 30 public four-year universities in California will require students and employees to be vaccinated against COVID-19 before they return to campus in the fall, the University of California and California State University systems announced April 22. The requirement will only go Read More →
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