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Good Works: Hilton Foundation sets record with $435 million in grants

Westlake Village-based The Conrad N. Hilton Foundation announced on March 28 that it gave out $435 million in grants in 2022, the largest grantmaking year in the nonprofit's history since it was founded in 1944. The Hilton Foundation was started by international hotelier Conrad N. Hilton in 1944 to help people living in poverty and
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Biotech offices emerging in Thousand Oaks | Pacific Coast Business Times

Graymark Capital, in partnership with Argosy Real Estate Partners, has purchased the former headquarters of Anthem Blue Cross at 120 Via Merida in Thousand Oaks to be repurposed for biotech firms. (Mike Harris / PCBT staff) Thousand Oaks’ formidable biotech hub continues to grow as experts have forecast. The latest addition is a roughly 100,000-square-foot
Mike Harris Graymark Capital Argosy Real Estate Partners Anthem Blue Cross Thousand Oaks Thousand Oak

Harris: Brownstein law firm fights for water rights in California | Pacific Coast Business Times

Denver-based law firm Brownstein Hyatt Farber Schreck has a significant water law practice including one at its Santa Barbara office. The office scored what it says is a big win in February when California’s Second District Court of Appeal reversed a lower court decision in a water-related lawsuit involving the firm’s client, the city of
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Westlake Village company secures $37 million in equity funding | Pacific Coast Business Times

PureSpectrum is based in Westlake Village. (courtesy photo) Despite a rough venture capital market due to rising interest rates and, most recently, the concerns of the banking system, PureSpectrum has managed to show investors what makes it stand out. That is why on March 22, the Westlake Village-based company announced it had completed an equity
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Former Ventura County CEO files wrongful termination suit | Pacific Coast Business Times

Former Ventura County Executive Officer Mike Powers, who resigned last year in lieu of possibly being fired amid sexual harassment allegations, has filed a wrongful termination suit against the county. Powers filed his lawsuit on March 15 in Ventura County Superior Court. Powers has denied the accusations of a female subordinate that he sexually and
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Amgen reveals second round of layoffs | Pacific Coast Business Times

Amgen's new research and development facility in San Francisco. (courtesy photo) For the second time this year, Amgen is cutting hundreds of jobs in an effort to curtail expenses in the face of an uncertain economy. Amgen, the largest employer in Ventura County, announced on March 16 that it would be laying off 450 workers,
San Francisco United States Ventura County East Ventura County Health Care Amp Life Science Latest News

Cabrillo Economic Development has big plans for Ojai | Pacific Coast Business Times

The Cabrillo Vistas is a 50-unit complex specifically meant to house farmworkers, low-income families and low-income individuals. (courtesy photo) All-electric and affordable housing may soon be on the way in Ojai. The Cabrillo Economic Development Corporation announced plans for a 50-unit complex, set to be known as Cabrillo Vistas, specifically meant for farmworkers, low-income families
Cabrillo Economic Development Corporation Cabrillo Vistas Central Coast Latest News Subscriber Content Tri County Economy

Frontier Aerospace secures $10 million in Series A funding | Pacific Coast Business Times

Frontier Aerospace's TALOS-10 rocket engine firing, generating 10 pounds-force of thrust while being fed with very cold (-38F) storable propellant. (courtesy photo) The first large venture capital raise of 2023 here on the Central Coast has finally been announced more than three months into the year and it belongs to a company with its eyes
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Precision puts SLO on the map with SBA award | Pacific Coast Business Times

The Small Business Administration’s Business Persons of the Year award is just the next step in Precision Construction Services' climb to new heights as a company. The San Luis Obispo-based construction firm, founded about a decade ago by three rock climbing buddies, has already proven how efficient it can be, the award is just an
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