Updates from City Hall | Business News | Local Economic Trends | Education & Training | |
Be our next Business Recognition Program awardee | |
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We are now accepting nominations for our next Business Recognition Program award winner! Nominations from our first round that were not selected will be reconsidered in this round. We also accept updated nominations, as well as new nominations. The deadline to be considered for this quarter is November 1st!
Learn more about this quarterly program, recognition perks, and previous recipients, click here.
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City celebrates milestones in addressing homelessness | |
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Last week City Council celebrated two important milestones in its efforts to address homelessness in Thousand Oaks.
On Wednesday, September 28th, the City of Thousand Oaks with Shangri-La Industries and Step Up broke ground on the former Quality Inn & Suites to deliver 77 units of permanent supportive housing for the City's chronically homeless residents. See more here.
City Council also authorized staff to move forward with issuing a request for proposals for a developer/operator to help the City establish an emergency shelter/navigation center for residents experiencing homelessness at an underutilized city-owned property located at 1205 Lawrence Drive. This referral-only facility will help to address the immediate needs of residents and connect them with critical resources to help them prepare to return to traditional housing or prepare them to transition to permanent supportive housing.
Ultimately, these shorter and longer-term housing resources will serve to: provide our unhoused residents with housing options based on their unique circumstances; redirect public dollars currently spent on costly response and clean-up costs towards
constructive investment in a proven strategic approach with positive outcomes; and provide our local police with the means to preserve our high quality of life in Thousand Oaks.
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Celebrating our local manufacturers | |
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National Manufacturing Day is celebrated on the first Friday of each October, but the contributions local manufacturers make to our economy and our quality of life are enjoyed every day. We would like to take a moment to express our gratitude to the manufacturing businesses that call Thousand Oaks home. From biotech to breweries, and from high tech and commercial printing to pastries, thank you to all our manufacturers!
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Cybersecurity Awareness Month 2022
Since 2004, the President and Congress have declared each October as Cyber Security Awareness Month. Learn more about ways to protect yourself and your business from cyber attacks. See the Cybersecurity and Infrastructure Security Agency (CISA) website here.
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11th Annual Taste of Conejo event
Our partners at the Greater Conejo Valley Chamber of Commerce will be hosting the 11th Annual Taste of Conejo event on Sunday, November 6, 2022 at the Hyatt Regency Westlake. Exhibitors can reserve space now. Event tickets are now available.
See here for more details.
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SCORE's Small Business Resilience Hub
SCORE's Small Business Resilience Hub offers a wide range of free resources to help small businesses with preparation and recovery relating to everything from sudden market changes, economic downturns, supply disruptions, to natural disasters. Get prepared here!
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Akeso Occupational Health
Akeso Occupational Health opened a new clinic located at 75 E. Thousand Oaks Blvd. (External Link)
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Aureus Finance Group
Aureus Finance Group, a real estate group, opened a new office located at 515 Marin Street. (External Link)
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The Fisherman's Wife
The Fisherman's Wife, a seafood market and restaurant opened at 1610 E. Thousand Oaks Blvd. (External Link)
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Porsche
Rusnak Porsche completed the construction of a new dealership showroom and services station, located at 3839 Auto Mall Drive. (External link)
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See the City's latest monthly Development Activity and Permits Issued reports here.
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UNEMPLOYMENT RATES & JOBS BY INDUSTRY | |
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City of Thousand Oaks
According to the California Employment Development Department, the preliminary Thousand Oaks August 2022 unemployment rate is 2.8% (unchanged from a revised 2.8% in July 2022).
The City has a total of 63,000 in the labor force with 61,200 who are employed.
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Ventura County
The California Labor Market report shows Ventura County’s preliminary August 2022 unemployment rate at 3.5% (up from a revised 3.2% in July 2022).
A total of 2,600 non-farm jobs were added in August 2022. However, a total of 1,000 jobs were lost; amounting to a net increase of 1,600 jobs. Job gains consisted of: 1,300 in Government; 600 in Professional and Business Services; 300 in Trade, Transportation, and Utilities; 200 in Education and Health Services; 200 in Financial Activities.
Job losses consisted of: 500 in Leisure and Hospitality; 300 in Construction; 100 in Manufacturing; and 100 in Other Services.
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The chart above illustrates year-over-year jobs by industry sector across the Ventura County region against a February 2020 benchmark. August 2022 data is a preliminary estimate. It shows estimated gains in most industries compared to August 2021. (Financial Activities and Trade, Transportation and Utilities are the only sectors down slightly year-over-year. Moreover, Construction, Leisure and Hospitality, Manufacturing, and Professional & Business Services sectors are all estimated above the February 2020 benchmark.) | | |
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Auto sales taxes are an important source of revenue for the City, contributing to the City's capacity to provide programs and services to enhance quality of life for our residents.
A total of 1,110 new vehicles were sold in August 2022; up 1.2% from July 2022, but down 14.9% Year-Over-Year.
In addition, 907 pre-owned vehicles were sold in August; down 7.8% Year-Over-Year.
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First quarter 2022 (January, February, March) local sales tax revenue was $9.36 million, a 13.1% increase compared to first quarter 2021.
All major industry groups saw year-over-year increases.
The largest increases were: Transfers & Unidentified (up 85.4%); Fuel and Service Stations (up 52.9%); and Restaurants and Hotels (up 39.1%).
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Economic Development Collaborative
See the latest schedule of upcoming no-cost education and training opportunities for July here.
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SCORE - Ventura County
In addition to its no-cost mentoring services, SCORE is offering a variety of workshops this month on accounting, business formation, digital and social media marketing, and more. See here.
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Women's Economic Ventures
Check out the great business training, advisory services, loan opportunities and more over at WEV. More here.
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SCORE - Ventura County
In addition to its no-cost mentoring services, SCORE is offering a variety of workshops this month on accounting, business formation, digital and social media marketing, and more. See here.
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CA Employment Development Department
The California Employment Development Department (EDD) has a webpage with resources specifically for employers. See resources focused on Hiring and training, Work Sharing, and more here.
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[CITY OF THOUSAND OAKS] [2100 E. THOUSAND OAKS BLVD 91362] [www.toaks.org]
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