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Economic Development News

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 JANUARY 2019
Welcome these new businesses to Thousand Oaks!
Ardalan & Associates, a Law Group, opened a new office located at 3225 Old Conejo Road.
Jaguar/Land Rover just completed the construction of a new dealership building at the Auto Mall located at 3595 Auto Mall Drive.

The Shade Store, specializing in custom window treatments, opened at The Promenade, located at 100 Promenade Way.
Please note:  Businesses that suffered a physical loss must contact the Small Business Administration immediately to meet the January 11th deadline.
Auto Sales
car-sales-lot.jpg
A total of 1,398 new vehicles were sold in November 2018. New vehicles sales decreased by 2.24% from October 2018 and decreased by 21% from a year ago. Additionally, 613 pre-owned vehicles were sold.
Thousand Oaks Unemployment 
According to the California Employment Development Department, Thousand Oaks preliminary November 2018 unemployment rate is 2.7% - down from 2.9% in October 2018. The City has a total of 66,800 in the labor force with 65,000 who are employed.

Ventura County Unemployment
The California Labor Market report revealed that Ventura County's November 2018 unemployment rate of 3.7% was unchanged from a revised 3.7% in October 2018.

A total of 2,300 non-farm jobs were gained in November 2018; however, 700 jobs were lost, for a net gain of 1,600 jobs. 

The loss in jobs includes:
  • 400 in manufacturing
  • 100 in educational and health services
  • 100 in information and
  • 100 in other services.

The gain in jobs includes:

  • 1400 in trade, transportation and utilities 
  • 600 in government and
  • 300 in professional and business services
Getting to Know Our Local Businesses
During the second half of 2018,members of our City Council, the executive team, and economic development staff visited numerous businesses throughout the city.
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.
Collage of business visitations

 

2018 Economic Development Newsletter Archives