Retail wine sales soar but wineries still suffer revenue slump
Tri-county wine tasting rooms and restaurants likely won’t reopen to visitors soon, but consumers are still buying and drinking wine. The Nielsen Co. reported that wine sales at grocery and drug stores soared 27 percent in the week ending March 14 when compared to both the previous and the year-ago week. Wineries are getting higher Read More →
Read More →COVID-19 pandemic killing tri-county tourism
An unprecedented level of uncertainty has gripped the travel and tourism industry across the Tri-Counties, forcing temporary shutdowns for some and a re-evaluation of plans for companies, workers and tourism promotion agencies. No one knows when business will go back to normal, and it’s hitting the tourism industry hard when bookings should be strong. Visit Read More →
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Most tri-county stocks up as national indices dip
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Read More →Tri-county hospital rebuilds make room for beds
The tri-county region, like the rest of California, is likely to face shortages of hospital beds and other medical resources during the coronavirus pandemic, but the bed shortage could be made less severe by the region’s recent hospital building boom. Until the pandemic, parts of the region had an oversupply of potential hospital beds — Read More →
Read More →Tri-county planning group helps companies pivot during pandemic
Long-term economic planning has taken a backseat to coronavirus mitigation measures, as business and economic development leaders have pivoted to meet immediate emergency needs. For the newly renamed REACH 2030, formerly known as the Hourglass Project, that’s meant marshalling public-private partnerships to source and distribute N95 masks, sanitizer and other resources, often tapping companies that Read More →
Read More →Dubroff: Predicting the impact of coronavirus on the economy
One thing is clear about the coronavirus pandemic — it is moving so fast moving that it is an almost perfect made-for-Twitter event. News updates come so frequently that it is a 24/7 phenomenon. But that speed sometimes makes for a poor framework for decision-making and, as Nobel laureate Daniel Kahneman told me in a Read More →
Read More →Tri-county stocks bounce back as market soars
The Dow Jones Industrial Average surged at historic rates March 24, as pressure came down from President Donald Trump on Congress to pass a fiscal stimulus bill and regulators to reopen businesses by Easter. Tri-county public companies rebounded 9.4 percent from the past week’s declines, including a 68 percent jump for Goleta breast implant supplier Read More →
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