NOVEMBER 2018
Welcome thes e new businesses to Thousand Oaks!
Indoors of Cajun Crab Shack

Cajun Crab Shack opened a new restaurant at the North Oaks Plaza located at 1074 E. Avenida De Los Arboles.



(photo credit:  Yelp Ika I)

Cogent Valuation Logo

Cogent Valuation, specializing in providing independent valuation and financial advisory opinions, opened a new office located at 2625  Townsgate Road.


Longevity Coffee Logo

Longevity Coffee just completed their expansion at the Skyline  Plaza, located at 2849 E. Thousand Oaks Boulevard.


Mercury Insurance Logo
Mercury Insurance opened a call center 
facility at The Arbors, located at 2545 W. Hillcrest Drive.



MythPoint Bistro, a Greek and Turkish restaurant specializing in Aegean traditional recipes, opened at the North Ranch Mall, located at 3825 E. Thousand Oaks Boulevard.
 






Mayor Fox attends opening of Shake Shack

Mayor Andy Fox congratulates the staff of the newly opened Shake Shack at The Promenade.




Ramen Bowl Art
Taiyo Ramen opened its doors at 2310 E. Thousand Oaks Boulevard.
2nd Quarter 2018
City's Sales Tax Revenues

Local sales tax revenue from the second quarter of 2018 (April, May, June) is $7.8 million, a 0.4% increase from last year's 2nd quarter total of $7.77 million. The increase is primarily due to a growth of 15.8% in the State and County pool allocations, 9.4% in Fuel and Service Stations, and 7.4% in Building and Construction. This increase was offset by a decline of 5.6% in Auto and Transportation, 2.5% in Food and Drugs, and 2.4% in restaurants and Hotels.

Auto Sales
car-sales-lot.jpg
A total of 1,616 new vehicles were sold in September 2018. New vehicle sales decreased by 3.8% from August 2018 and decreased by 12.93% from a year ago.  Additionally, 785 pre-owned vehicles were sold.
Thousand Oaks Unemployment 
According to the California Employment Development Department,  the preliminary  unemployment rate for  September 2018  is 2.8% - down from 3.1% in August 2018. The City has a total of 65,900 in the labor force with 64,000 who are employed.

Ventura County Unemployment
The California Labor Market report revealed that Ventura County's September 2018 unemployment rate of 3.7% was down from a revised 3.9% in August 2018.

A total of 2,000 non-farm jobs were gained in September 2018; however, 2,300 jobs were lost, for a net loss of 300 jobs. 

The loss in jobs includes:
  • 900 in leisure and hospitality, 
  • 500 in professional and business services, 
  • 400 in educational and health services, 
  • 300 in financial services, 
  • 100 in trade, transportation and utilities, and
  • 100 in construction. 

The gain in jobs includes 1,900 in government, and 100 in manufacturing.

Getting to Know Our Local Businesses
During the month of October,  members of our City Council, the executive team, and  economic development  visited Trigger Burst and Sensata .  Thank you to these great T.O. businesses  for hosting us!

The economic development team is reaching out to the
local  business community to schedule a visitation at your business so that we can learn more about your business and find out how the City can support you.

If you would like us to visit your business, please call or email Rosie Ornelas at (805) 449-2194 or Rornelas@toaks.org to schedule a visitation.

Councilmembers and City staff at Sensata Technologies
Mayor Pro Tem Rob McCoy and Councilmember Joel Price received a tour of Sensata Technologies in Newbury Park along with City Manager Drew Powers, Assistant City Manager Ingrid Hardy, and Economic Development Analyst Rosie Ornelas. 
Did you know...?
The  Economic Development Collaborative (EDC) is a great resource for local businesses.  Be sure to check out their  new website with helpful information on  EDC Initiatives Research and  Additional Business Resources .