Aside from an important destination for tourists, Santa Barbara is presently a center for young and developing businesses, said Kenny Slaught Many promising companies have been founded in recent years, including AppScale, LastLine, TrackR, and Salty Girl Seafood, which came directly out of the University of California Santa Barbara. More than $200 million has been raised from private investors for area startups in the last year, giving the Central Coast nearly twice the per capita investment in innovation than the greater Los Angeles area, a much bigger market. While some give in to the tempting pull of Silicon Valley or Hollywood, many local entrepreneurs are recognizing the significance of building a business in a city that promotes growth. The Santa Barbara region is one of the best places in the country to launch and cultivate startups, as seen by the remarkable biotech, medical, technology, and scientific businesses like Inogen, Raytheon, Sonos, and BioIQ.
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