Tuesday, July 5, 2022
Updates from City Hall | Business News | Local Economic Trends | Education & Training
Business Recognition Program
We are now accepting nominations for the Business Recognition Program!
Learn more about the Program and recognition perks here.
Recent approvals
325 & 391 Hampshire Road
On June 14th, City Council approved development proposal to transform the former K-Mart site into a mixed-use project consisting of 420 residential units (including 50 affordable units), 15,000sf of commercial space, and public amenities including a dog park and other pocket parks.

You can also learn more by visiting the developer's website dedicated to the TO Ranch project here.
One Baxter Way
On June 28th, City Council entitled a 264-unit apartment development, containing 34 affordable units. It also includes enhanced sustainability features, open space amenities and connectivity to the adjacent Westlake Promenade shopping area.
See the City's latest monthly Development Activity and Permits Issued reports here.
Highlighted Resources
CLU's Hub 101 WorkElevation Academy is a free program for open-minded, growth-oriented entrepreneurs and intrapreneurs who are looking to build and strengthen essential skills, learn new tools and resources, gain new perspectives, and connect with like-minded individuals.

Learn more here.
Want to learn more about our local business community partners in Thousand Oaks? See our Support & Resources webpage here.
NEW BUSINESSES
Cash Cards Unlimited
Cash Cards Unlimited specializing in card games, opened at the Janss Marketplace, located at 215 N Moorpark Road. (External Link)
Nailed It! Salon
Nailed It! Salon opened at Country Flora Center, located at 3900 E. Thousand Oaks Blvd. (No link)
Tierra Mia Plants & Co.
Tierra Mia Plants & Co. opened at Clear Oaks Plaza, located at 1875 Thousand Oaks Blvd. (External link)
UNEMPLOYMENT RATES & JOBS BY INDUSTRY
City of Thousand Oaks
According to the California Employment Development Department, the preliminary Thousand Oaks May 2022 unemployment rate is 2.5% (down from a revised 2.7% in April 2022).

The City has a total of 63,200 in the labor force with 61,600 who are employed. 
Ventura County
The California Labor Market report shows Ventura County’s preliminary May 2022 unemployment rate at 2.7% (down from a revised 3.0% in April 2022). 

A total of 2,300 non-farm jobs were added in May 2022. However, a total of 1,100 jobs were lost; amounting to a net gain of 1,200 jobs. Job gains consisted of: 1,200 in Leisure and Hospitality; 700 in Government; 200 in Information; 100 in Manufacturing; and 100 in Other Services. Job losses consisted of: 400 in Professional and Business Services; 300 in Trade, Transportation, and Utilities; 300 in Education and Health Services; and 100 in Financial Services.
The chart above illustrates year-over-year jobs by industry sector across the Ventura County region against a February 2020 benchmark. May 2022 data is a preliminary estimate. It shows estimated gains in most industries compared to May 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.)
AUTO SALES
A total of 1,236 new vehicles were sold in May 2022; up 7.7% from April 2022, and down 31.8% Year-Over-Year.

In addition, 909 pre-owned vehicles were sold in May; down 24.9% Year-Over-Year.
Economic Development Collaborative
See the latest schedule of upcoming no-cost education and training opportunities for July here.
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.
Women's Economic Ventures
Check out the great business training, advisory services, loan opportunities and more over at WEV. More here.
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.
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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