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Ventura County Economy

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BUSINESS
December 17, 1996 | LEO SMITH, TIMES STAFF WRITER
Officials of McDonald Investment Co. Inc. of Birmingham, Ala. began eyeing Ventura County in June. In particular they liked the business opportunities they saw in the local radio market. It didn't take long for them to act on their feelings. In August, the company purchased Ventura news station KVEN-AM (1450) and its sister country music station KHAY-FM (101). And earlier this month, McDonald Investment announced an agreement to buy KBBY-FM (95.1).
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CALIFORNIA | LOCAL
September 7, 2007 | Gregory W. Griggs, Times Staff Writer
Despite a soft housing market and the layoffs planned by Amgen Inc. and Countrywide Financial Corp., the Ventura County economy is expected to remain stable and those workers who lose their jobs are likely to find other employment in the region, according to a new economic report.
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CALIFORNIA | LOCAL
March 31, 1994 | JOANNA M. MILLER, TIMES STAFF WRITER
Federal and local air-quality officials offered little hope Wednesday for area business people who claimed the Ventura County economy could be ruined if a new federal plan to clean up the air is imposed. To meet standards set by the federal Clean Air Act, Ventura County must reduce its smog-causing emissions by 40% by 2005, officials told area residents and business representatives gathered at the Ventura County Fairgrounds for a workshop on the plan.
CALIFORNIA | LOCAL
September 9, 2005 | Gregory W. Griggs, Times Staff Writer
Despite rising gas prices and modest job growth, Ventura County's economic outlook remains healthy, with several benchmarks still strong, including housing sales and construction of new homes, offices and commercial centers. And although the county's housing prices are considered overvalued -- with the median price of existing homes reaching a record high of $694,690 in July -- there is little fear of a sharp drop.
CALIFORNIA | LOCAL
April 14, 2001 | MARGARET TALEV, TIMES STAFF WRITER
Unemployment fell to 3.6% last month from 3.9% the month before in Ventura County, as seasonal fruit and vegetable harvests created jobs for a second month in a row. "I'm trying to get ready for the slowdown, but I don't see much evidence of it," said Mark Schniepp, director of the California Economic Forecast Project and an expert on the county's economy.
BUSINESS
January 17, 1995 | Jack Searles
Ventura County's economy has suffered a loss totaling at least $68 million as a result of damage inflicted on the county's farms thus far by this month's storms, an official estimates. According to a preliminary estimate last week, crop losses alone totaled more than $22.7 million, county Agricultural Commissioner W. Earl McPhail reports.
CALIFORNIA | LOCAL
December 15, 1998
Ventura County's economy will end the year on a high note--with reports that showed continued demand for local real estate and a low 5.8% unemployment rate for November. Last month, 1,092 homes were sold in the county--up almost 16% from November 1997, according to a report by Acxiom/DataQuick Information systems. The county's median home price jumped more than 11% from November of last year to $230,000. The figures include new and resale homes as well as condominiums.
BUSINESS
June 9, 1992 | JACK SEARLES
The Port of Hueneme, the only deep-water port between San Pedro and San Francisco, was honored Saturday as a contributor of $200 million annually to Ventura County's economy. The 40-year-old Port Hueneme facility received the fourth annual Hall of Fame award from the Ventura County Economic Development Assn. Along with the port, the association honored four companies doing business at the harbor. They are two importers, Del Monte Tropical Fruit Co.
BUSINESS
November 16, 1993 | JACK SEARLES
There are a couple of signs of renewed life in Ventura County's economy, but it's definitely too soon to break out the champagne, in the view of Mark Schniepp, director of the UC Santa Barbara Economic Forecast Project. "Let's face it--with the unemployment rate at 9.4%, the job market in the county is taking a blood bath," he said. "On the other hand, we have two positive trends. Sales of existing homes are starting to rise.
CALIFORNIA | LOCAL
November 25, 2001 | DARYL KELLEY, TIMES STAFF WRITER
So far, so good. Ventura County's economy has remained healthy as a business downturn batters a nation headed toward recession. Several benchmarks of prosperity are still strong locally--jobs, housing sales and construction of new homes, offices and business parks. Even industries jolted by the nation's economic downturn and the Sept. 11 attacks are rebounding: Hotels are filling back up, and many stores are back to the sales levels of last year.
CALIFORNIA | LOCAL
April 14, 2001 | MARGARET TALEV, TIMES STAFF WRITER
Unemployment fell to 3.6% last month from 3.9% the month before in Ventura County, as seasonal fruit and vegetable harvests created jobs for a second month in a row. "I'm trying to get ready for the slowdown, but I don't see much evidence of it," said Mark Schniepp, director of the California Economic Forecast Project and an expert on the county's economy.
CALIFORNIA | LOCAL
April 4, 2001 | DARYL KELLEY, TIMES STAFF WRITER
As new census 2000 figures confirm Ventura County's increased racial diversity, a variety of data show the county also grew richer during the past decade. During the 1990s, upscale Ventura County lured tens of thousands of urban professionals from the Los Angeles Basin, hundreds of high-tech immigrants from Asia and thousands of immigrants from Mexico, state and federal figures show.
CALIFORNIA | LOCAL
February 18, 2000 | MATT SURMAN, TIMES STAFF WRITER
The booming Ventura County economy could begin to lose steam in 2000, and local business leaders are bracing for a potential slowdown by year-end, regional economic experts warned Thursday. Economists predict that slowly rising inflation--particularly in oil prices--and possible rate hikes by the Federal Reserve Board this year have slightly dimmed the confidence of county businesses and could slow the economy as it enters the 21st century.
CALIFORNIA | LOCAL
January 15, 2000 | MATT SURMAN, TIMES STAFF WRITER
The Ventura County economy closed out the year at a healthy pace last month, with unemployment low and home sales edging up from the month before, capping a year with the lowest unemployment rate ever recorded. Home sales and prices in 1999 were at their highest since 1988, and the county's unemployment rate for 1999 was an average 4.8%, the lowest jobless rate since reliable figures were first recorded in 1969.
CALIFORNIA | LOCAL
January 4, 2000 | MATT SURMAN, TIMES STAFF WRITER
Following one of the most prosperous years in decades, the Ventura County economy should roll into 2000 with some of the same gusto but could slow as the year progresses, analysts said. "Some laws of physics apply here," said Mark Schniepp, director of the UC Santa Barbara Economic Forecast Project. "The stock market just can't continue to make the gains that it has." Last year showed a combination of strengths not seen since the early 1960s, Schniepp said. The stock market boomed.
BUSINESS
May 27, 1997 | LEO SMITH, TIMES STAFF WRITER
Ventura County is recovering from the economic slump of the early 1990s faster than most of Southern California, thanks largely to the stability of the area's agriculture and high-tech industries, said Jack Kyser, chief economist for the Los Angeles County Economic Development Corp.
CALIFORNIA | LOCAL
June 6, 1996 | DAVID R. BAKER, SPECIAL TO THE TIMES
With urban development relentlessly chipping away at farmland, a pillar of the Ventura County economy stands in danger of faltering, according to a report on the local agricultural industry released Wednesday.
CALIFORNIA | LOCAL
August 17, 1999
The county's economy continued to pick up steam through the first half of 1999, setting a pace to make this year its most successful of the decade. In its midyear review and forecast, the UC Santa Barbara Economic Forecast Project found that the local economy, primed by increased consumer spending and soaring business confidence, had grown through June at a healthy 4.1%. Comparatively, growth in all of 1998, the county economy's most successful year this decade, came in at 3.5%.
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