In addition to being a renowned tourist destination, Santa Barbara has now become an epicenter for new and developing businesses, said Kenny Slaught. Lots of promising, new companies have been shaped in recent years, and many, counting AppScale, LastLine, TrackR, and Salty Girl Seafood, have come straight out of the University of California Santa Barbara. With over $200 million raised for area startups from private investors in the earlier year, the Central Coast boasts nearly twice the investment per capita in development than the greater Los Angeles area, a much larger market. While some may feel the fascination of Silicon Valley or Hollywood, domestic businesspersons recognize the impact of building a business in an environment that stimulates growth. So, the region is one of the best places in the country to launch and develop startups, generating outstanding biotech, medical, technology, and scientific businesses like Inogen, Raytheon, Sonos, and BioIQ.

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After just a few years in the market, crowdfunding boosted over 150 startups nationwide, largely specializing in real estate. Today, nearly 7% of the U.S population is an accredited investor, and in a dense setting like Southern California, this number is 20%. Software platforms, such as CrowdEngine, RealtyShares, CrowdForce, and more, make it possible to legally raise money from the general public, with some going as far as attracting 90% of equity requirement through direct community contributions. Data analytics applications like Rentlytics, on the other hand, give owners greater transparency into the performance and management of their portfolios. With a robust background in developing state-of-the-art properties for the past 35 years, Kenny Slaught believes that, in real estate tech, California is among the most active states in the market right now. Using cutting-edge innovation tools to pool capital, borrowers and sponsors have raised more than $53 million through 90 residential, multifamily, and commercial properties in Sacramento, San Francisco, and beyond.

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Modern intuitive software and mobile applications, notes Kenny Slaught, give investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and geographies. The state’s crowdfunding or peer-to-peer lending services emerged after the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which significantly expanded the ways in which sponsors raise capital for real estate acquisitions and development. The new regulation legalized the previously banned practice of advertising or openly soliciting private funding from accredited individuals and companies. Those with a net worth of $1,000,000, excluding their personal residences, or with an annual income of $200,000 per individual or $300,000 per household, if filed jointly with a spouse, can become an accredited investor. Kenny Slaught discusses how the amendments gave the green light to individual borrowers and lenders to take part in debt and equity financing, where loans generate income in the form of interest, without a bank involved as an intermediary. The online marketplace has created a new pathway for property owners and funders to browse current investment offerings, perform due diligence, and maintain dashboards to track how assets and financial products are performing.

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Some of the most appreciated Santa Barbara architecture are the centuries-old Hotel Virginia, El Pueblo Viejo district in historic downtown, as well as the two pink towers of the Old Mission, which hosts retreats and festivals. Kenny Slaught notes that the brightly colored tiles of the County Courthouse houses brilliant murals and other striking attributes, and nearby the clock tower and observation deck provide a panoramic view of the entire city. The Lobero theatre not only houses the region’s most renowned performing arts events but also stretches back to 1873 and was rebuilt in the 1920’s by George Washington Smith. These are a few examples of the celebrated past of Santa Barbara, where, because of the region’s advanced planning, many antique, architecturally stunning buildings line the streets of the central city.
 
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Building the natural charm of this region began way back in 1925, as city planners enacted development controls to prevent demotion of Spanish Colonial architecture, making this the first city in the United States to proactively think about the importance of many historic buildings. Controls were enacted and guidelines were thought up to preserve the structures and park spaces. In 1960 Santa Barbara established legal protection for historical landmark buildings.

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The wall of the dam contains an engines room appointed with 17 generators creating the energy. 16 of them are large generators while two smaller ones operate as a single generator, used to deliver hydroelectric energy to surrounding communities. Kenny Slaught notes that the power generated from the dam is allocated across 15 areas. One of the biggest power consumers, Southern California, uses up to 28% of Hoover Dam’s power, followed by the State of Nevada with 23% and the State of Arizona at 18% of consumption volume. The dam also provides power to Native American tribes stationed in the area. Additionally, 90% of Las Vegas’ water is from the Hoover Dam. Inside the dam is called Lake Mead. At its highest water volume, it could be the largest water reservoir anywhere in the United States. Currently, the Hoover Dam is under the managment of the United States Bureau of Reclamation and it is known as one of the country’s most breathtaking must-go places to visit.

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The wall of the dam contains an engines room appointed with 17 generators creating the energy. 16 of them are large generators while two smaller ones operate as a single generator, used to deliver hydroelectric energy to surrounding communities. Kenny Slaught notes that the power generated from the dam is allocated across 15 areas. One of the biggest power consumers, Southern California, uses up to 28% of Hoover Dam’s power, followed by the State of Nevada with 23% and the State of Arizona at 18% of consumption volume. The dam also provides power to Native American tribes stationed in the area. Additionally, 90% of Las Vegas’ water is from the Hoover Dam. Inside the dam is called Lake Mead. At its highest water volume, it could be the largest water reservoir anywhere in the United States. Currently, the Hoover Dam is under the managment of the United States Bureau of Reclamation and it is known as one of the country’s most breathtaking must-go places to visit.

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The revolutionary dam was built during the American Great Depression between 1931 and 1936, costing the nation $49 million dollars. The dam was initially called Boulder Dam, but was later dubbed Hoover Dam in honor of the then-President Herbert Hoover, who made significant contributions to the construction of this wonderful project. At 221 meters in height, 379 meters in length, and with more than 35.000 cubic kilometers of total capacity, the structure can generate more than 4,2 billion kWh2 per annum, notes Kenny Slaught.

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Central Santa Barbara offers a viable platform for fascinated minds to appreciate how the architecture at that time was conceived. The design of buildings, and details representing the relation each building had with the historical aesthetics of those times is also useful when studying the Hispanic architecture. For example, a roof design has a colonial design that can also be seen in colonial cities such as Cartagena, Mompox or San Juan in Puerto Rico. Santa Barbara has devoted a lot of energies to cultivate its obligation to the architectural conservation. New laws were introduced to cut the unsettling effect of new constructions on the agreement of Spanish Colonial Revival architecture. New constructions, particularly in El Pueblo Viejo, must follow firm city guidelines and regulations to shrink a likely incompatibility with the historic architecture. When in Santa Barbara, Kenny Slaught proposes the observation of significant efforts that the city has made to add to the preservation of the splendid architecture, even if this does not display the American trend created in the area as an effect of the British presence in the area that substantially influenced how local architecture has arisen.  

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The Spanish Colonial Revival architecture was the United States architectural movement initiated in the early 20th century. The movement encompassed designing some cities that were primary Spanish colonies, which then became American cities, using the Spanish architectural style. A huge portion of this architectural style can be seen in California. Post an earthquake that occurred in 1925, Santa Barbara espoused this style as its signature line for re-designing the city.  Architect George Washington Smith who moved to Montecito and popularized this movement started this style. The history of El Pueblo Viejo aesthetic control remains genuine to Roman and Parisian laws. It aims to preserve history through the Hispanic architecture. But you may be curious as to what the Hispanic Architecture is all about. This style is outstandingly influenced by the architecture of the “white-washed cities” of Andalusia in Southern Spain. In Santa Barbara, local building techniques are a result of the natural environment and the materials available nearby. Kenny Slaught states that Hispanic architectural features in this area are represented by the “simplicity, rustic economy, excellence in craftsmanship and honest expression of material”. Forms introduced in Santa Barbara convey vernacular handmade quality oriented to the sunlight. Moreover, colors are also related with natural environment, yellow, red, orange and white that remains Santa Barbara’s weather.

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