Content Tagged As economy

Tagged News

  • Scolari's closing Central Coast grocery stores

    April 13, 2012 2:44 AM

    A popular grocery chain is closing on the Central Coast after more than 60 years. Scolari's Market announced Thursday it will shut down all four locations in San Luis Obispo, Paso Robles, Pismo Beach and Santa Barbara. The Scolari family called its decision "gut-wrenching." We don't have exact numbers,... more »
  • Survey: Local business owners optimistic about future

    April 10, 2012 10:29 PM

    Some local business owners in Santa Maria are feeling rather optimistic about how business is going. This, according to a new survey, conducted by the Economic Development Commission. Although the results showed things are looking up, there are some areas that aren't doing so well. The survey showed... more »
  • California rent among highest in nation

    March 14, 2012 10:14 PM

    A new study shows California has the third highest rents nationwide. But, in terms of cities, San Francisco tops that list. According to the National Low Income Coalition, the average rent for a two-bedroom apartment in the city is about $1,900 a month. The hourly rate needed to make... more »
  • California rent among highest in nation

    March 14, 2012 10:14 PM

    A new study shows California has the third highest rents nationwide. But, in terms of cities, San Francisco tops that list. According to the National Low Income Coalition, the average rent for a two-bedroom apartment in the city is about $1,900 a month. The hourly rate needed to make... more »
  • Santa Maria business owners to take survey about local economy

    February 21, 2012 8:38 PM

    The Central Coast is showing some signs of economic growth. Large chains, like Chipotle and David's Bridal, will open their doors this spring in Santa Maria. The city's Economic Development Commission is taking a survey to see how local businesses are doing, and how they feel going into the... more »
  • Hallmark offers sympathy cards for the unemployed

    January 20, 2012 8:44 PM

    A popular greeting card company is putting a different spin on unemployment with one of its latest line of cards. Hallmark recently released job loss cards, targeting people who are looking for work. Some feel Hallmark is just cashing in on the recession, but others are finding inspiration and... more »
  • Social Security recipients to get 3.6 percent COLA

    October 19, 2011 11:15 AM

    WASHINGTON (AP) - Some 55 million Social Security recipients will get a 3.6 percent increase in benefits next year, their first raise since 2009. The increase was announced Wednesday when the government released a key measure of inflation, which determines whether people who receive Social Security get a cost-of-living adjustment,... more »
  • Teens explore career options

    October 7, 2011 7:58 PM

    High School students across the Central Coast got the chance to play the career field today at Allan Hancock College. The school hosted its annual Career Exploration Day. The event was open to the public, but geared toward teens. Around 50 education and industry representatives were on hand to help... more »
  • Government reducing loan limits for federally-backed loans

    September 21, 2011 9:38 PM

    Starting October 1, you won't get as much money from the federal government to buy a house. In San Luis Obispo County, the federal housing loan limits will drop 18 percent. In Santa Barbara County, loan limits will fall 14 percent. Congress voted to temporarily raise the loan limits... more »
  • Study finds job search for college grads getting tougher

    May 19, 2011 9:42 PM

    Only half of recent college graduates have landed jobs that require a degree. That's the latest from a study at Rutgers University. With college graduations around the corner, many seniors will either continue their education or enter a workforce with limited jobs. Employment rates have dropped sharply in... more »
  • UCSB Economic forecast predicts slow growth for northern SB County

    May 6, 2011 10:21 PM

    It's slow going for our local economy, but you can expect to see some growth. Economic experts at UCSB released their annual economic forecast project for Northern Santa Barbara County this morning. Local economists say agriculture and professional business services will see the most growth through 20-18. The real... more »
  • Ground breaking held for new homes in Lompoc

    April 26, 2011 9:21 PM

    It's a possible sign the economic climate on the Central Coast is starting to turn around. Robbins Reed Construction and Development is building 80 new single family homes in Lompoc. The company held a ground breaking today for a new community called "The Gardens at Briar Creek." The homes... more »
  • Local economy shows steady improvement

    April 1, 2011 10:05 PM

    Good news for the nation's economy. The unemployment rate in the U.S. has reached a two year low. The latest numbers show unemployment in the u-s dropped to 8.8 percent in March, but in California, the rate is more than 12 percent. Locally, unemployment in San Luis Obispo County... more »
  • Evos Restaurant in San Luis Obispo closes doors

    March 3, 2011 2:49 PM

    Evos Restaurant in San Luis Obispo, which prided itself on its healthy fast food concept, has closed its doors for good. The restaurant opened back in 2008, and was one of several franchises with locations in Florida, Georgia, and North Carolina. The San Luis Obispo restaurant was located next... more »
  • Solar Project could bring more than $300 million and jobs to SLO County

    January 12, 2011 10:36 PM

    A proposed solar power plant could give San Luis Obispo County a big economic boost, but environmentalists say it would harm endangered species. Sunpower wants to build a 250 mega-watt solar power plant in the Carrizo Plain. The company says it would create hundreds of local construction jobs while... more »
  • Third lane opens on Hwy 101 through Santa Barbara

    November 19, 2010 9:05 PM

    Caltrans is giving drivers another reason to celebrate this holiday season. It opened a third lane this morning on the southbound side of Highway 101 in Santa Barbara. The new lane runs from the on-ramp at Milpas Street to a half-mile past Cabrillo Boulevard. The third lane's a charm... more »
  • Local costume shop could close

    October 15, 2010 9:53 PM

    After 25 years of serving the Central Coast, Costume Capers costume shop in San Luis Obispo says it could be closing down by the end of the year. The economy and larger chains have been making for some tough competition. It's a scary time of year for this halloween store... more »
  • Career Fair showcases many industries

    October 8, 2010 9:21 PM

    With the news that the U.S. lost more jobs last month, today's Career Exploration Day at Allan Hancock College was pretty timely. More than 1600 people showed up. The college says that's about 200 more than last year. More than 50 companies were there, representing manufacturing, agriculture, and law... more »
  • Local agencies get long-awaited funding after state budget passes

    October 8, 2010 9:11 PM

    California Lawmakers have finally passed a state budget after a record 100 day impasse. The state senate passed the budget 27-9, bridging a 19 billion dollar budget deficit. The budget package contains no new taxes or fees, but the plan also *delays nearly two billion dollars in payments to... more »
  • Career Fair focuses on top jobs

    October 8, 2010 1:01 PM

    Representatives from more than 50 companies , including employers from manufacturing, agriculture, law enforcement and the medical field, will be at Allan Hancock College this morning for Career Exploration Day. They will be speaking with students and the public about job opportunities within their industries. The event runs... more »
  • Local veterans voice support for Prop 23

    September 29, 2010 8:39 PM

    Local veterans groups joined together today in support of Proposition 23. The initiative would temporarily repeal A.B. 32, the Global Warming Act which requires companies to reduce greenhouse gas emissions by 2020. Vets say Prop 23 would protect more than a million jobs, but opponents say it would keep... more »
  • Planning Commision set to decide on Walmart expansion

    September 22, 2010 9:22 PM

    Lompoc leaders are expected to make a decision tonight about whether to let Walmart expand. The controversial project would add another 41-thousand square feet to the existing building. It would also turn it into a Walmart Supercenter, offering meat and produce. If approved by the planning commision, the expansion... more »
  • Local Republicans gaining momentum toward November

    September 6, 2010 9:22 PM

    A new national poll shows Republicans are gaining momentum in that battle for Congress. The opinion research corporation survey shows the G.O.P leads the Democrats by seven points on the "generic ballot" question...-- 52 percent to 45-percent. That's up from a three-point margin last month. The "generic ballot"... more »
  • Local Republicans kicking off fall campaign

    September 6, 2010 1:15 PM

    With the economy still suffering and more Americans losing faith in President Obama, Republicans have a legitimate chance of taking control of Congress in the November election. All 435 seats in the House of Representatives are up for grabs as well as 37 senate spots. Locally, Republican Candidate... more »
  • Los Padres Bank branches reopen under a new name

    August 23, 2010 5:18 PM

    Los Padres Bank branches re-opened today as part of the Pacific Western Bank network. Pacific Western Vank acquired Los Padres Bank from the F.D.I.C. The feds took over the Solvang-based bank on Friday. Los Padres had operated nine branches along the Central Coast before going under. Customers at both... more »
  • Local museums feel impacts of stubborn economy

    July 20, 2010 9:27 PM

    Some exist to teach and inspire while others are around to preserve pieces of history, but our museums are not immune to the harsh economy. They rely on a significant amount of fundraising and public support. The Museum of Flight is the home of aviation history in Santa Maria,... more »
  • Training programs boost confidence for the unemployed

    July 19, 2010 10:22 PM

    Despite drops in the unemployment rate at the state and national level, local cities are still seeing increases. San Luis Obispo County jumped from just above 9.5 percent in May to 10 percent last month. Within the county, Paso Robles rose from around 11 percent to nearly 12 percent.... more »
  • State and national jobless rates drop as local rates rise

    July 16, 2010 10:43 PM

    The latest unemployment numbers have come out for the month of June. Nationally, unemployment fell from 9.7 percent to 9.5 percent. California's unemployment rate also saw a slight drop from 12.4 to 12.3 percent. Closer to home, jobless rates are up. San Luis Obispo County rose from 9.6 to 10... more »
  • Businesses impacted by loss of Amgen cycling tour

    May 14, 2010 9:40 PM

    The 2010 Amgen tour of California kicks off this weekend and unlike in years past, the city of Solvang is not gearing up for the big event. For the past three years, the largest cycling event in America has called Solvang home. Along with the thousands of fans, came... more »
  • Amgen cycling tour speeds past Solvang

    May 14, 2010 1:12 PM

    The Amgen Tour of California professional cycling race would normally pass through Solvang this weekend, as it has for the past three years. This year, the city was not chosen to host the 2010 race and that has a big economic impact. It's the largest cycling event in America... more »
  • Gas Prices Keep Rising

    May 9, 2010 8:46 PM

    While the economic forecast appears to be improving, there is more pain at the pump. A national survey shows the average price of regular gasoline in the U.S. has jumped more than seven cents over a two-week period, to $3.05. In California, the average price for a gallon... more »
  • Local economists say recession has ended

    May 7, 2010 10:04 PM

    The worst may be over. That's what we're hearing about northern Santa Barbara County's economy tonight. Allan Hancock College in Santa Maria hosted the economic forecast project today-- conducted by U.C.S.B. Local economists say we are out of the recession but we should expect to see slow growth over... more »
  • Controversy flares up over proposed oil tax

    March 18, 2010 1:40 PM

    Assemblyman Pedro Nava (D-Santa Barbara) has introduced a controversial new bill called The Oil Industry Fair Share Act. The legislation would establish an oil severance tax of 10 percent on the gross value of each barrel of crude oil pumped by companies in California. He says the tax will provide... more »
  • Airport official blames potential deficit on economy

    March 2, 2010 8:17 PM

    San Luis Obispo County Regional Airport officials are warning the board of supervisors that the airport may not have enough money to cover operating costs next year. In a status report, leaders say they may need to pull $500,000 from a loan that was intended for future development. ... more »
  • County leaders discuss bleak budget picture

    February 23, 2010 1:00 PM

    Santa Barbara County leaders will hear from various department heads at today's Board of Supervisors meeting as they present a worst-case scenario for budget cuts. The county is facing a $40 million budget deficit and has asked department leaders to cut a combined $52 million. That's equal to 392... more »
  • Organization helps women start their own business

    January 29, 2010 5:16 PM

    With unemployment numbers hovering around nine percent along the Central Coast, a local organization is trying to give women the tools they need to start their own business. Women's Economic Ventures, or WEV, is a 14 week, self employment training program. It teaches important aspects of financing, marketing, and managing... more »
  • Winter gas prices unseasonably high

    January 8, 2010 9:28 PM

    Winter can spell relief from high gas prices following the holiday travel season, but not this year. In San Luis Obispo and Santa Barbara counties, the average price for a gallon of regular gas is about $3.10. That's up nearly 15 cents from one month ago. Experts say mother... more »
  • Winter gas prices unusually high

    January 8, 2010 2:38 PM

    Winter usually means lower gas prices, since travel generally drops following the busy holiday season, but that's not the case this year. The average price for a regular gallon of gas in San Luis Obispo county stands at $3.09. That's six cents higher than the state average and up... more »
  • Santa Maria city workers face furloughs in 2010

    December 28, 2009 9:24 PM

    Starting next year, every Santa Maria city employee will be taking about a five percent paycut. . .mostly through furlough days. The city council agreed to implement the mandatory time off program, which takes effect January 15th. Most employees will take off the 3rd Friday of every month and... more »
  • Santa hearing stories of recession wishes

    December 18, 2009 9:55 PM

    Santas across America are seeing downgraded wish lists this year. The Wall Street Journal reports many children are asking for the bare essentials, including socks, clothes, eyeglasses, and even jobs for mom or dad. Locally, toys still seem to top the list of most requested gifts this year... more »
  • Santa Maria mall attracts new businesses

    December 15, 2009 6:49 PM

    The Santa Maria Town Center is seeing new life this holiday season. The mall has added 13 new retailers under its roof. A spokesperson for the mall says they've been looking to attract more local merchants to create a sense of community. With the down economy, national retailers have also... more »
  • Economists say the Golden State will need a few years to recover

    December 9, 2009 12:04 PM

    LOS ANGELES (AP) - Economists predict a grim couple of years for California. The quarterly UCLA Anderson Forecast released this morning says the failure of California legislators to enact spending reductions hammered out during budget negotiations will put a drag on the state's economic recovery. Growth will be stalled... more »
  • Jobless claims fall more than expected

    November 12, 2009 12:05 PM

    WASHINGTON (AP) - New claims for unemployment insurance fall more than expected last week, evidence the job market is slowly healing as the economy recovers. The Labor Department says first-time claims dropped to a seasonally adjusted 502,000 from an upwardly revised 514,000 the previous week. That's the fewest claims... more »

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