These days, Santa Barbara has emerged as a location for unique and developing businesses other than being a prime tourist destination, said Kenny Slaught. Many eminent companies have been formed in recent years, and many, counting AppScale, LastLine, TrackR, and Salty Girl Seafood, have come right out of the University of California Santa Barbara. With over $200 million raised for local startups from private investors in the previous year, the Central Coast boasts of almost two times the investment per capita in development than the greater Los Angeles area, a much better market. While few may feel the allure of Silicon Valley or Hollywood, domestic industrialists welcome the impact of building a business in an ecosystem that furthers growth. Hence, the region is one of the top places in the country to start and develop startups, giving rise to biotech, medical, technology, and scientific companies like Inogen, Raytheon, Sonos, and BioIQ.
Read more: http://profitandcost.com/news/kenny-slaught-examines-santa-barbara-s-thriving-community/0004694/