Monday, August 1, 2022
Updates from City Hall | Business News | Local Economic Trends | Education & Training
Business Recognition Program
The nomination deadline for the Business Recognition Program has been extended to Monday, August 8th. Nominations are open to the public. Nominate your local business or a local business you love! Learn more about the Program and recognition perks here.
Greater Conejo Valley Job Fair
The City is partnering with the Greater Conejo Chamber of Commerce to help local employers and job seekers connect. Please join us for the Greater Conejo Job Fair on Wednesday, August 10th from 9am-12pm at the Los Robles Greens here in Thousand Oaks.

Employers seeking to register, please click here.
 
Job seekers please register here. 
Highlighted Resources
COVID-19 Employee Retention Tax Credit (ERTC) is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees. Qualified employers can claim credit against:

  • 50% of qualified wages paid, up to $10,000 per employee annually for wages paid between March 13 and December 31, 2020
  •  70% of qualified wages paid, up to $10,000 per employee per quarter for wages paid in the first three quarters of 2021.

“Recovery Startup Businesses” could be eligible to claim a credit of up to $50,000 for the third and fourth quarters of 2021. See the IRS page for more information here.
(Information courtesy of the Economic Development Collaborative.)
CA Competes Tax Credit
The Governor's Office of Business and Economic Development (GO-Biz) is now accepting California Competes Tax Credit applications from July 25th - August 15th, 2022. Informational webinars are scheduled for August 4th and 9th. Learn more here.
Want to learn more about our local business community partners in Thousand Oaks? See our Support & Resources webpage here.
NEW BUSINESSES
Athleta
Athleta, a women's clothing store opened at the Westlake Plaza, located at 982 S Westlake Blvd. (External Link)
CTL-SystemWare
CTL-Systemware, opened a new location at 350 Conejo Ridge Avenue. (External Link)
Grocery Outlet
Grocery Outlet bargain market opened a new store at 25 E. Hillcrest Drive (previously occupied by Office Depot. (External Link)
Lori Lane Hair Salon
Lori Lane Hair Salon opened at the Clear Oaks Plaza, located at 1869 E Thousand Oaks Blvd. (No link)
Manna
Manna, a local food pantry, relocated their facilities to a new location at 95 Oakview Drive. (External Link)
Park West Insurance Services
Park West Insurance Services opened a new office at Camelot Shopping Center, located at 2448 E. Thousand Oaks Blvd. (External Link)
Rise Southern Biscuits & Righteous Chicken
Rise Southern Biscuits & Righteous Chicken opened a new restaurant at Conejo Valley Plaza, located at 1408 N. Moorpark Road. (External Link)
State Farm
State Farm Insurance opened a new office at Camelot Shopping Center, located at 2448 E. Thousand Oaks Blvd. (External Link)
SVN2
SVN2, an indoor golf simulation experience, opened at 3311 Grande Vista Drive. (External Link)
See the City's latest monthly Development Activity and Permits Issued reports here.
UNEMPLOYMENT RATES & JOBS BY INDUSTRY
City of Thousand Oaks
According to the California Employment Development Department, the preliminary Thousand Oaks June 2022 unemployment rate is 3.0% (up from a revised 2.5% in May 2022).

The City has a total of 62,700 in the labor force with 60,800 who are employed. 
Ventura County
The California Labor Market report shows Ventura County’s preliminary June 2022 unemployment rate at 3.2% (up from a revised 2.7% in May 2022). 

A total of 1,800 non-farm jobs were added in May 2022. However, a total of 900 jobs were lost; amounting to a net gain of 900 jobs. Job gains consisted of: 700 in Leisure and Hospitality; 500 in Trade, Transportation, and Utilities; 300 in Manufacturing; 100 in Information; 100 in Education and Health Services; and 100 in Other Services. Job losses consisted of: 700 in Government; 100 in Construction; and 100 in Financial Activities.
The chart above illustrates year-over-year jobs by industry sector across the Ventura County region against a February 2020 benchmark. June 2022 data is a preliminary estimate. It shows estimated gains in most industries compared to June 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. Manufacturing is now equal to February 2020.)
AUTO SALES
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 1,048 new vehicles were sold in June 2022; down 15.2% from May 2022, and down 24.5% Year-Over-Year.

In addition, 819 pre-owned vehicles were sold in June; down 7.5% 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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