Updates from City Hall | Business News | Local Economic Trends | Education & Training |
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New Business Recognition Program Coming Soon! |
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We are excited to share we are preparing to launch a new Business Recognition Program!
This program will highlight one exceptional Thousand Oaks business on a quarterly basis for special achievements or other unique contributions made to the City relating to economic prosperity, sustainability or resilience, or other activities fostering continuous community enrichment in Thousand Oaks. We will begin accepting nominations very soon. Stay tuned! Learn more about the Program and recognition perks here.
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Water Shortage Declaration - Level 4. |
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On May 24, 2022, City Council adopted Level 4 water conservation measures effective immediately. Learn more about Level 4 and other level restrictions here. Let's act together to conserve now!
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California Employment Training Panel
The Employment Training Panel (ETP) provides funding to employers to assist in upgrading skills of their workers through training that leads to good paying job, long-term jobs. Learn more about the ETP program here.
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Energy Saving Solutions for your Business - SoCal Edison
SoCal Edison offers a range of tips and solutions to help businesses across industry sectors save money on energy costs. Learn more here.
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Want to learn more about our local business community partners in Thousand Oaks? See our Support & Resources webpage here.
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Decker Kitchen Food & Drink
Decker Kitchen has relocated their restaurant from the City of Westlake Village to Paseo Marketplace, located at 3731 E. Thousand Oaks Blvd. (External Link)
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Enterprise Holdings, Inc.
Enterprise Holdings, Inc. opened new offices at 515 Marin Street.
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Eureka Brewing Company
Eureka Brewing Company will be opening a new location in the Janss Marketplace at 173 N. Moorpark Rd. (External link)
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Mai Thai Kitchen
Mai Thai Kitchen opened at Times Square, located at 2397 Michael Drive (External link)
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Patron Mexican Bar & Grill
Patron Mexican Bar & Grill opened a second Thousand Oaks location at Paseo Marketplace, located at 3709 E. Thousand Oaks Blvd. (External link)
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Restore Hyper Wellness
Restore Hyper Wellness has opened a new center at Westlake Plaza, located at 960 S. Westlake Blvd. (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 April 2022 unemployment rate is 2.7% (down from a revised 2.9% in March 2022).
The City has a total of 62,900 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 April 2022 unemployment rate at 3.0% (down from a revised 3.5% in March 2022).
A total of 1,200 non-farm jobs were added in April 2022. However, a total of 600 jobs were lost; amounting to a net gain of 600 jobs. Job gains consisted of: 500 in Leisure and Hospitality; 300 in Professional and Business Services; 100 in Manufacturing; 100 in Construction; 100 in Government; and 100 in Other Services. Job losses consisted of: 400 in Trade, Transportation, and Utilities; and 200 in Education and Health 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. April 2022 data is a preliminary estimate. It shows estimated gains in most industries compared to April 2021. (The Financial Activities and Trade/Transportation/Utilities sectors are down slightly year-over-year. Aside from Construction, no other sectors are above the February 2020 benchmark.) |
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A total of 1,148 new vehicles were sold in April 2022; up 8.1% from March 2022, and down 35% Year-Over-Year.
In addition, 998 pre-owned vehicles were sold in April; down 8.5% Year-Over-Year.
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Fourth quarter (October, November, December) 2021 local sales tax revenue was $9.8 million, a 5.3% increase compared to fourth quarter 2020.
Sectors experiencing the largest year-over-year increases were: Fuel & Service Stations (up 62.8%); Restaurants & Hotels (41.1%); and General Consumer Goods (up 16.6%).
Sectors experiencing the largest year-over-year decreases were: Transfers & Unidentified (down 76.3%); State & County (down 12.2%); and Business & Industry (down 9.7%)
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Economic Development Collaborative
See the latest schedule of upcoming no-cost education and training opportunities for June 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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