Santa Barbara is not only a famous tourist destination, but also a hub for new and developing businesses, Kenny Slaught says. Many new companies formed in recent years, and most of them, like AppScale, LastLine, TrackR, or Salty Girl Seafood, came right out of the University of California Santa Barbara. With more than $200 million generated for the area start-ups by private investors throughout the year, the Central Coast claimed almost twice the investment in development compared to the much larger market formed by the greater Los Angeles. Some folks may feel attracted by Silicon Valley or Hollywood, yet local entrepreneurs comprehend the impact of building an enterprise in a location that encourages its growth. This region is one of the best in the country to launch and develop start-up biotech, medical, technology, and scientific companies like Inogen, Raytheon, Sonos, and BioIQ.