GeoLinks secures private equity investment
Geolinks, a fast-growing internet service provider based in Camarillo, secured what it called “a significant minority investment” from a group led by Rock Mountain Capital, GeoLinks announced Oct. 27. The private equity investment will help GeoLinks with its plans for expanding its network, making strategic acquisitions and streamlining its internal growth and operations. “GeoLinks launched Read More →
Read More →Port of Hueneme coming back strong from pandemic
Business at the Port of Hueneme bounced back from the COVID-19 pandemic much quicker than management expected, allowing the port to keep its focus on the environment, port officials said at their 2020 “State of the Port” address on Oct. 15. When the shutdown started in March, all 10 of the automobiles manufacturers that use Read More →
Read More →Ventura County hit with lawsuits over General Plan
More than half a dozen groups have sued Ventura County in response to the county’s recently adopted 2040 General Plan. The plan went into effect Oct. 15, 30 days after it was passed by the Ventura County Board of Supervisors. Several of the groups that filed suit against the county are oil and energy interests Read More →
Read More →Income up at Bank of the Sierra
Sierra Bancorp, the parent company of Bank of the Sierra, announced a record quarter as net income grew by 16 percent from a year earlier. Bank of the Sierra is based in Porterville, in the San Joaquin Valley, and has 12 branches in the tri-county region, the result of a series of acquisitions of Central Read More →
Read More →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 →Port of Hueneme reports strong comeback from pandemic shutdowns
Business at the Port of Hueneme has exceeded its management’s expectations during the COVID-19 pandemic, port officials said Oct.15 at the Oxnard Chamber of Commerce’s annual “State of the Port” address. When the shutdown started in March, all 10 of the automobiles manufacturers that use the port stopped production of cars. The auto-cargo industry accounts Read More →
Read More →Amazon coming to Oxnard next year
Amazon is opening a new fulfillment center at the Sakioka Farms Business Park in Oxnard, bringing more than 1,500 jobs with benefits when the facility opens next year. “This couldn’t have come at a better time, given the pandemic and the economic downturn,” City Councilwoman Carmen Ramirez said in a city news release. “The opportunity Read More →
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