North Bay Business Journal

Unemployment rates across the North Coast continued to fall, with every county improving its jobless rate over both the last month and over the year, according to figures released by the Economic Development Department.

A Sonoma County-based nonprofit and several others with ties in the North Bay are among 48 organizations across the state to share in $37 million in outreach and education grants from Covered California, the state’s online health exchange developed under health care reform.

Petaluma-based Redwood Community Health Coalition received $830,000. Catholic Charities of California, which has a presence in Solano, Napa, Sonoma, Lake and Mendocino counties, received $859,000. California Rural Indian Health Board, which has a presence in Sonoma and Mendocino counties, was given $300,000. The California NAACP, which has locations in Sonoma and Solono counties, received $600,000 and the Asian Pacific American Legal Center in Solano County received $100,00.

NOVATO — Raptor Pharmaceutical Corp. (Nasdaq: RPTP), after steadily growing its pipeline over the past 12 months, will relocate its corporate headquarters to a nearly 31,000 square-foot space at 7 Hamilton Landing, a space formally occupied by Walt Disney Corp.’s ImageMovers Digital animation studio.

SAN RAFAEL — Korean food has been topping trendy cuisine charts for the past few years, and now the Marin County natural foods entrepreneur who helped make it a household staple is getting national retailer attention for her new venture in seaweed snacks for the uber-health-conscious.

NORTH BAY — More capital is flowing to North Bay small businesses through loan programs backed by the U.S. Small Business Administration, with a 10.4 percent increase in dollar volume funded in Sonoma, Marin and Napa counties comparing the first half of the administration’s fiscal year to the same period one year ago, according to data from the SBA.

Spotlight on leading SBA lenders in the North Bay

The draconian changes recently proposed by a coalition of conservation organizations would help destroy the very foundation that makes the Marin weknow and love possible today and sustainable tomorrow. Among other things, the coalition seeks a series of drastic restrictions on our economic vitality, commerce, transportation, development, zoning, and property rights. The result would be [...]

Diana Brennan, who has worked in Sonoma Raceway media relations since 1999, was promoted from director to senior director of media and community relations. …

Altus Equity Group in Santa Rosa hired Kristy Brooks as operations manager. …

Kyle Young is the newest agent of commercial real estate brokerage Keegan & Coppin Company, Inc./ONCOR International’s Santa Rosa office….

Novato-based Ultragenyx Pharmaceutical, Inc., appointed Eric Yuen, MD, chief medical officer and senior vice president. …

Marla Carroll was named winemaker at Franciscan Estate Winery in St. Helena. …

Commercial real estate leases and sales in the north San Francisco Bay Area

Sterling Financial Corporation (NASDAQ:STSA), parent company of Sonoma Bank and Sterling Savings Bank, and Newport Beach-based Commerce National Bank (OTCBB:CNBF) entered a definitive agreement for Sterling to acquire Commerce National for $15.10 per common share in cash, or $42.9 million including planned redemption of outstanding stock options and warrants. …

Sho-Ka-Wa Casino near Hopland said it plans to use the sbX software from International Game Technology (NYSE: IGT). That provides a game theme library, analytics and floor-management features. …

Sausalito’s Smart Meetings magazine, a resource for event-planning professionals, won the 2013 Maggie Award for Best Feature Article, “A Winning Combination” written by David Vranicar, within the Creative Trade & Consumer Print award division for publications with circulations of less than 50,000. …

The Marin Sonoma Concours d’Elegance added a 1961 Cooper T56 Mark ll Formula Junior owned by Steve McQueen to its showing of vintage automobiles once owned by Hollywood legends. …

SAN RAFAEL — BioMarin Pharmaceutical Inc. (Nasdaq:BMRN) recently reported a net loss of $39.8 million, or 31 cents per share, for the first quarter ended March 31, compared to a net loss of $24 million in the same period last year.

NOVATO — Raptor Pharmaceutical Corp. (Nasdaq: RPTP) today reported its first-quarter net loss expanded by 13.6 percent from a year before.

NOVATO — Fueled by an acquisition that significantly increased its assets under management, Hennessy Advisors, Inc. (OTCBB: HNNA) today announced a 400 percent increase in earnings comparing the first three months of 2013 to the same period in 2012.

NOVATO — The Marin Community Foundation today said it will distribute to local health clinics $2 million in new grants from the Sutter Health Access to Care Fund.

MILL VALLEY — Thompson Dorfman Partners, LLC, today said it plans to spend $500 million in the next three years building multifamily and mixed-use developments in Northern California and hired a veteran of such projects to oversee the expansion.

The 14-year-old company hired Gillian Sutton Cho as vice president of development to manage acquisition and entitlement of projects, including almost 1,200 Bay Area units in design, entitlement or construction.

From Marin to Mendocino, current hospital projects represent at least $550 million worth of combined construction spending.

And it’s a number that will double if and when one of the largest projects — the $500 million rebuild of Marin General Hospital — gets off the ground.

Bank of Marin Chief Financial Officer Christina Cook is leaving the bank. …

American AgCredit returned the largest dividend in its history to its members in 2012, the agriculture cooperative’s first year of positive loan growth since 2009. …

Citing an increase in income-generating assets and new loans, Summit State Bank (NASDAQ: SSBI) reported a 64 percent increase in net income for the first three months of 2013 and declared a larger quarterly dividend. …

AltaPacific Bank’s assets have grown steadily in the year since completing its merger with a Southern California-based bank, ending the first quarter 4.1 percent higher. …

NORTH BAY — At a time of reduced state funding for public education in California, some of the North Bay’s largest and most influential employers are launching and supporting initiatives that seek to bolster programs for students from elementary school through the college level.

Gary Heck, owner and president of Korbel Champagne Cellars and Kenwood Vineyards, became an honorary inductee of the Sonoma State University chapter of the Beta Gamma Sigma business honor society last month. …

Amid the rising popularity of a for-credit “Banking and Finance Academy” program operated in partnership with Santa Rosa City Schools, Redwood Credit Union recent took part in a new “Bite of Reality” financial literacy program in San Rafael. …

Dominican University’s Venture Greenhouse incubator and accelerator program will host a “Marinnovation” showcase for innovators and entrepreneurs from Marin County on May 15, with Netflix co-founder and Mill Valley resident Mitch Lowe as keynote. …

On May 10, College of Marin will host a celebration for its recently opened Science, Math and Nursing building at the school’s Kentfield Campus, featuring a lecture by alumnus Adam Steltzner from the NASA Jet Propulsion Laboratory Mars Rover “Curiosity” expedition. …

Stephen Olson, long-time agriculture instructor at Santa Rosa Junior College and a major force behind the college’s Shone Farm programs, has been selected to receive one of the school’s highest honors for staff, the President’s Medallion of Honor. …

Allen Wine Group, LLP, a Calistoga-based wine industry business advisory service and CPA firm, now offers bookkeeping services. …

Nine Marin County communities recently qualified for national “Green Power Community” recognition by the Environmental Protection Agency due to the countywide switch to renewable electric service from Marin Clean Energy. …

Rohnert Park-based sheet metal engineering and fabricator ASM Precision, Inc., purchased and installed a new AMADA EMLK 3610NT punch and laser combination machine. …

Zap Jonway Automobile (ZAAP), manufacturer of electric vehicles and other new energy vehicles with operations in Santa Rosa and China, is exhibiting at the 15th International Shanghai Automobile & Manufacturing Technology Exhibition. …

The city of Santa Rosa earned the highest achievement for its economic development programming — the Award of Excellence — from the California Association of Local Economic Development. …

Healdsburg’s SHED, a multifaceted market, café, coffee bar, fermentation bar and “modern Grange” event center is now open to the public. …