Region’s employment picture a little brighter
The unemployment rates in Santa Barbara, Ventura and San Luis Obispo counties all continued to drop in September, and all three counties had healthier labor markets than the state a whole. The combined unemployment rate for the tri-county region was 7.9 percent in September, according to a Business Times analysis of data released Oct. 16 Read More →
Read More →State Street property leased for downtown housing
The old Staples and Reid’s Appliance buildings in downtown Santa Barbara have been leased with plans to add 84 units of housing to the property. The new tenant has a 99-year ground lease for the property on lower State Street, Radius Commercial Real Estate announced Oct. 8. The city has given preliminary approvals to build Read More →
Read More →Paul Glenn, Montecito investor and philanthropist, dies at 89
Paul F. Glenn, a successful commodities trader whose foundation invested more than $100 million into research related to aging and longevity, has died in Montecito at age 89. He was a native of Pennsylvania who attended Princeton and Harvard Law School before embarking on a career as a commodities trader. Much of his success came Read More →
Read More →Resonant reports earnings bump
Resonant, the Goleta-based maker of components for wireless devices, reported a sharp increase in sales and a reduced cash burn for its third quarter ended Sept. 30. The company said revenue jumped to $1.4 million, compared to $79,000 in the same quarter a year ago and $600,000 in the second quarter, as it received a Read More →
Read More →Figueroa Mountain Brewing announces Chapter 11 bankruptcy filing
Buellton-based craft brewer Figueroa Mountain Brewing Co. filed for Chapter 11 bankruptcy reorganization on Oct. 5, as the region’s second largest craft brewer announced plans to restructure its debts and bring in a new financial partner. “While it is a difficult decision to go down this path, we believe this will be the best direction Read More →
Read More →Our view: This recovery, like the last, will be Latino-led
Latinos were the unsung heroes of the U.S. recovery from the Great Recession, and they will lead the national economy out of its current pandemic slump. Those are the subtexts behind the latest annual report on the Latino economy, produced jointly by the Center for Economic Research and Forecasting at California Lutheran University and the Read More →
Read More →Region gets new SBA leadership as Parker heads to D.C.
Victor Parker, head of the U.S. Small Business Administration’s Los Angeles District Office, is taking a new post at the agency’s headquarters in Washington, D.C. The LA District, which includes Ventura and Santa Barbara counties, is the largest in the nation in terms of dollar volume of SBA loans. During nine years as district director, Read More →
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