Show/Hide

Was your property impacted by the fires? Click here for local recovery information.

Visit www.venturacountyrecovers.org for countywide fire recovery information.

Economic Development News

Print
Press Enter to show all options, press Tab go to next option

 

FEBRUARY 2019

 

Welcome these new businesses to Thousand Oaks!

 

Code Ninjas

Code Ninjas, a coding center for kids ages 7 to 14, opened at the Oakbrook Plaza, located at 1772 Avenida de los Arboles.

Ferguson HVAC

Ferguson HVAC opened a new wholesale and warehouse facility in the Conejo Spectrum Business Park, located at 2570 Conejo Spectrum Street.

Garman's Fine Vintage Wear

Garman's Fine Vintage Wear, specializing in vintage clothes and accessories, opened at the Westlake Commons, located at 2803 Agoura Road.

Lee, Cochran, and Daggett

Lee, Cochran, and Daggett, a CPA firm, relocated to Westlake Plaza Office Park, located at 2815 Townsgate Road.

Namaste Spiceland

Namaste Spiceland, and Indian market for groceries and food, relocated their operations from Palm Plaza to 821 E. Thousand Oaks Boulevard.

Royal Business Bank

Royal Business Bank has relocated its offices from 600 Hampshire Road to 3366 East Thousand Oaks Boulevard.

Stark Municipal Brokers

Stark Municipal Brokers opened a new office at 515 Marin Street.

The Hub Bike Shop

The Hub Bike Shop opened at the Westlake Commons located at 2900 Townsgate Road.

Wingman Media

Wingman Media opened a new office at Gate One Office Plaza, located at 2625 Townsgate Road.

Code Ninjas logo

 

Ferguson Logo

 

 

Photos of Garmans

 

Namaste Spiceland exterior

 

Royal Business Bank logo


 

 

 

 

Understanding Proposed Changes to Traffic Impact Fees

The City of Thousand Oaks looked to subject-matter experts at Kimley-Horn & Associates, Inc. and Wildan engineering to help us re-evaluate the way we measure a project's traffic impact. In response to their findings, we have updated our measurements system to one that better reflects actual congestion- in areas that residents care about most.

In alignment with the improved system, the City is updating its developer's fee structure. Because we are identifying the traffic impacts of new development types more precisely, the new fees will reflect which developments contribute most to traffic.


You Can Learn More By:

·     Visiting www.toaks.org/trafficimpact

·     Contacting Haider Alawami to arrange an in-person presentation for your business or group.

·     Attending the City Council User Fee Study Session on February 26, 2019, 6 p.m. in Council Chambers or viewing it online at www.toaks.org/totv

Thousand Oaks Unemployment 

According to the California Employment Development Department, Thousand Oaks preliminary December 2018 unemployment rate is 2.7% - unchanged from from 2.7% in November 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 December 2018 unemployment rate of 3.8% was up from a revised 3.7% in November 2018.

A total of 1,800 non-farm jobs were gained in December 2018; however, 700 jobs were lost, for a net gain of 1,100 jobs. 

The loss in jobs includes: The gain in jobs includes:

300 in construction 700 in educational and health services

300 in professional and business services 600 in trade, transportation, and utilities

100 in other services 300 in leisure and hospitality and

200 in manufacturing

car-sales-lot.jpg

Auto Sales

A total of 2,025 new vehicles were sold in December 2018. New vehicles sales increased by 44.8% from November 2018 and decreased by 6.03% from a year ago. Additionally, 753 pre-owned vehicles were sold.

 

Getting to Know Our Local Businesses

The economic development team is reaching out to our local businesses to schedule a visitation at your business with members of our City Council, the executive team, and economic development so that we can learn more about your business and find out how the City can best support you.

Would you like us to visit your business? Drop us a line at Rornelas@toaks.org with "Business Visitation" in the Subject line to schedule your visitation today.

 

Collage of business visitations

 

 

2019 Economic Development Newsletter Archives

2018 Economic Development Newsletter Archives