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The major stock market indexes continue to flirt with all-time highs, while earnings from Sonos and Deckers, two of the region’s flagship companies, have exceeded analyst forecasts. Goldman Sachs, a top bank, pushed its year-end estimate for the S&P 500 index to 5200, a sharp reversal from its prior negative bias, in just a month’s
John Witchel, founder of San Luis Obispo-based King Energy, says solar energy companies such as his are dependent on financial partners to thrive. King Energy recently found a new one. North Carolina-based ClearGen has committed more than $150 million to fund King’s ongoing projects in the growing solar industry. The collaboration, which spans nine states,
A MB&T employee helping out a student. (courtesy photo) By Atmika Iyer Special to the Business Times For 13 years, Montecito Bank & Trust — the oldest and largest community bank in the Santa Barbara and Ventura Counties — has held financial literacy programs that cater to adults and senior citizens. Recently, the bank also unveiled an
By Atmika Iyer Special to the Business Times A new housing plan is coming for UC Santa Barbara, but not fast enough. UCSB announced its plan to construct a new on-campus housing called the San Benito Housing Complex to provide an additional 2,000 beds to the university’s on-campus housing options. The announcement comes as the
The Santa Barbara Foundation has launched a resiliency fund aimed at improving the lives of the region’s Black residents. It is an effort that I’m going to support through our small family foundation in part because I had something to do with getting it started. The fund’s creation (find it at sbfoundation.org/black-resiliency-fund/) was the culmination