Wednesday, November 1, 2023

Updates from City Hall | Business News | Local Economic Trends | Support & Resources

City Council Meeting Agendas

Planning Commission Meeting Agendas

Businesses Recognized as Recycling All-Stars

Just a couple weeks ahead of America Recycles Day (November 15th), City Council and Athens Services formally recognized Amgen, Takeda, Santal, and Cisco's as the City's "Recycling All-Stars" during the October 24th Council meeting for their outstanding efforts in recycling and waste generation reductions. Read more here.

Celebrating National Entrepreneurship Month

November is National Entrepreneurship Month. To commemorate this occasion, we would like to convey our deep appreciation for all of our local entrepreneurs. This includes those visionary individuals dedicated to developing innovative products and services that can help address global and industrywide problems, but it also includes those that contribute specifically to the uniqueness that makes Thousand Oaks the special place it is.

One of our key resources and partners helping to foster entrepreneurship here in Thousand Oaks is CLU's HUB 101. Check out their WorkElevation Academy for free virtual learning and networking opportunities for entrepreneurs. To learn more click here.

9th Annual National Apprenticeship Week

National Apprenticeship Week is coming November 13-19th! During this nationwide celebration employers, industry associations, labor organizations, community-based organizations, workforce partners, education providers, and government leaders host events to showcase the successes and value of Registered Apprenticeship. Apprenticeships are instrumental in re-building our economy, advancing racial and gender equity, building a pipeline to good quality jobs, and supporting underserved communities. Learn more about National Apprenticeship Week here.

The Workforce Development Board of Ventura County provides resources for developing internships and apprenticeships here.

The California Department of Industrial Relations also provides information for those interested in learning about apprenticeship opportunities. See more here.

New Businesses

Fogo de Chao

Internationally renowned Brazilian steakhouse now open in Thousand Oaks

The Lakes

2250 E. Thousand Oaks Blvd.

External Link

La Princiere French Bakery, Patisserie and Cafe

New French bakery, patisserie, and cafe

Northstar Plaza

1341 E. Thousand Oaks Blvd

External Link

Pre-Tek Vaults

New expansion into the city. Pro-Tek Vaults specializes in preserving film and digital media

1475 Lawrence Drive

External Link

To see the City's latest monthly Development Activity and Permits Issued reports click here.

Unemployment Rates & Jobs by Industry

Tracking labor force and employment trends helps the City better understand supply and demand shifts as they relate to local workforce and land use needs to inform decision-making.

City of Thousand Oaks

According to the California Employment Development Department, the preliminary Thousand Oaks September 2023 unemployment rate is 4.0% (down from a revised 4.4% in August 2023).

The City has a total of 64,200 in the labor force with 61,700 who are employed. Labor force participation within the City is up about 1.4% compared to September 2022.

Ventura County

The California Labor Market report shows Ventura County’s preliminary September 2023 unemployment rate at 4.5% (down from a revised 4.7% for August 2023). Countywide labor force participation is up about 1.2% year-over-year. Statewide it's also up about 0.75% year-over-year (not seasonally adjusted).

A total of 3,200 non-farm jobs were added in September 2023. However, a total of 600 jobs were lost; amounting to a net gain of 2,600 jobs compared to the previous month.

Job gains consisted of: 1,700 in Government; 1,200 in Private Education and Health Services; 200 in Leisure and Hospitality; and 100 in Trade, Transportation, and Utilities.

Job losses consisted of:400 in Professional and Business Services; 100 in Information; and 100 in Other Services.

Auto Sales

Automobiles sold in the City contribute significantly to the total sales tax revenue the City uses to support programs and services that continue to make Thousand Oaks an attractive place to live and do business.

A total of 1,246 new vehicles were sold in September 2023; up 5.7% from August 2023, and up 9.3% year-over-year.

In addition, 855 pre-owned vehicles were sold in September; down 0.8% year-over-year.

Many organizations and programs exist to provide financial and/or technical assistance support to help businesses navigate an ever-evolving economic climate, technological advancement, and policy landscape. We encourage our local businesses to tap into these resources to stay competitive and thrive!

Highlighted Resource

CA Department of Industrial Relations Registered Apprenticeship Funding

Do you currently offer apprenticeships or are interested in developing apprenticeship programs? Click here to learn about financial and other resources you may benefit from.

Trainings and Other Resources

Economic Development Collaborative

Access no-cost one-on-one business consulting and low-interest capital through the EDC. Check out their regional calendar of upcoming free education and training opportunities 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.

Ventura County Workforce Development Board

Employers can take advantage of free employment services and recruiting, on-the-job-training, skills enhancement, and customized training. See the Workforce Resource Guide 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.

Learn more about Support and Resources available to Thousand Oaks businesses here.

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[CITY OF THOUSAND OAKS] [2100 E. THOUSAND OAKS BLVD 91362] [www.toaks.org]