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Editorial: State's money influx hurt as wealthy individuals flee | Pacific Coast Business Times

We ran into one of the wealthier members of the South Coast community recently and were unsurprised to learn he is now a resident of South Florida. And we were equally unsurprised to learn that California suddenly has a budget problem on its hands, thanks in large part to declining revenue. It turns out that
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Cottage, independent physicians partner to open new surgery center | Pacific Coast Business Times

Dr. Christopher Birch, an independent physician. (courtesy photo) The rise of telehealth communications hasn't been the only positive trend for healthcare over the past few years. With many people around the country, and especially here on the Central Coast, struggling with the cost of a high healthcare system, Ambulatory surgery centers are one way to
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Atara to cut workforce by 30%, will keep T.O. locations operational | Pacific Coast Business Times

An Atara employee in the lab at its Thousand Oaks facility. (courtesy photo) Atara Biotherapeutics, a South San Francisco-based immunotherapy company with its major operations in Thousand Oaks, will be laying off nearly 100 workers, including 48 from its Ventura County locations, before the end of the year. In a filing with the state, Atara’s
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Atara to cut workforce by 30% before year's end | Pacific Coast Business Times

An Atara employee in the lab at its Thousand Oaks facility. (courtesy photo) Atara Biotherapeutics, a South San Francisco-based immunotherapy company with its major operations in Thousand Oaks, will be laying off nearly 100 workers, including 48 from its Ventura County locations, before the end of the year. In a filing with the state, Atara’s
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Portfolio watch | Pacific Coast Business Times

At BMO, economist Scott Anderson was looking at the not-so-hidden challenges of a relatively benign CPI report that included a 0.1% increase in consumer prices for November and 3.1% year-over-year. Airfares are now down 12% for the year and new car prices fell along with energy, but price hikes for some commodities and used vehicles point
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Street smarts: Rubicon Theatre Company receives $1.5M | Pacific Coast Business Times

The Rubicon Theatre Company, Ventura’s not-for-profit professional theatre company, was presented with a $1.5 million check on Dec. 9, the Theatre Company’s largest investment from a government entity in the company’s 25-year history. California State Senator Monique Limón and Assemblymember Steve Bennett presented the check to Ventura County Supervisor Matt Levere, Ventura City Councilmember Doug
United States Ventura County Councilmember Doug Matt Levere Assemblymember Steve Bennett Rubicon Theatre Company

Good works: Chumash donates $500K to Toys for Tots | Pacific Coast Business Times

The Santa Ynez Band of Chumash Indians reached its goal of $500,000 in donations to the local Toys for Tots campaign after the organization received a $25,000 check on Dec. 8 at the Chumash Casino Resort. This is the 20th consecutive year that the tribune has helped fund the nonprofit’s efforts to supply toys to
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Patagonia-backed company, Bureo, closes Series B round | Pacific Coast Business Times

Bureo's net warehouse in Chlile where it stores its nylon material. (courtesy photo) Bureo, an Oxnard-based company setting its sights on helping keep the world’s oceans clean, closed a Series B funding round on Dec. 8. The company’s co-founder and CEO David Stover declined to tell the Business Times the value of the round but
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Area Salvation Army captains share plans to help in 2024 | Pacific Coast Business Times

The housing crisis along the Central Coast is well-documented and while local politicians are fighting to create more housing, nonprofits like the Salvation Army are helping them buy more time by providing resources to the homeless community. “Each town has its own needs and here in Santa Barbara, we know we have a housing crisis,
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Limoneira CEO says company isn't looking to move | Pacific Coast Business Times

A Limoneira packing facility. (courtesy photo) Santa Paula-based Limoneira is unlikely to leave the area if it sells some or all of the company as part of its strategic review, CEO Harold Edwards told the Business Times. “I just don’t see it,” he said during a Dec. 11 interview. “This isn’t about us leaving. This
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