For more information, contact:
In preparation for BIO 2017, Biocom and World Trade Center San Diego developed a digital platform to help facilitate meetings between inbound delegations and local organizations. The website collects key data points such as size of delegation, country of origin, industry of interest, plans for future investment and more. The tool connects delegations to the appropriate representatives and provides companies and institutions a resource to vet inbound delegations and more efficiently allocate their time. Check it out at discoversdbiz.com.
World Trade Center San Diego and UC San Diego's School of Global Policy and Strategy (GPS) jointly launched its 2017 Global Forum programming in February. The initiative, sponsored by Bank of America, offers GPS's high-profile, visiting scholars a chance to address the region's local business community. The first Global Forum program of 2017 featured the Former Minister of Foreign Affairs in Japan, the Honorable Yoriko Kawaguchi. Topics included the future of the U.S.-Japan relationship in a post-Trans Pacific Partnership world, the diplomatic relationship between the two countries and more.
"February’s data shows unemployment rates dropping for the majority of jurisdictions in the region. Meanwhile, job posting intensity has steadily declined suggesting that employers are filling jobs more rapidly. Management, training and communications are among the most in-demand skills in current job postings. And while technical skills are still expected of job-seekers, the ability to work with and develop others is key." - Phil Blair, President & CEO, Manpower
Today, San Diego Mayor Faulconer announced The City of San Diego has been awarded a $1.6 million grant from the Department of Defense’s Office of Economic Adjustment to support the resiliency and growth of local defense contractors.
The City of San Diego and key partners, including San Diego Regional EDC, County of San Diego, San Diego Military Advisory Council, East County Economic Development Corporation and South County Economic Development Corporation – collectively named Propel San Diego – will deploy programs to support the region’s defense ecosystem.
Leveraging the grant, the Propel San Diego team will concentrate on economic development strategies for companies expanding in or at risk of leaving the region. As part of this work, Propel San Diego will create a database of all defense firms in San Diego County and deploy an interactive tool to explain and model changes in defense spending activity.
Home to the largest concentration of military assets in the world, San Diego’s economy is inextricably linked to the national defense ecosystem. According to SDMAC, the total economic impact of the defense industry is nearly $45 billion.
Defense-related organizations are as diverse as San Diego’s key industries and include companies specializing in aerospace, maritime, unmanned vehicles, robotics, autonomous systems, cybersecurity, advanced manufacturing and more.
Leveraging DoD support, Propel San Diego programs aim to help San Diego retain highly-skilled talent and create increased stability for defense companies in an increasingly uncertain defense budget world.
Propel San Diego sentiments:
For more information, visit OEA.gov.
In conjunction with AECOM, EDC released an economic impact assessment of FS Investors’ proposed SoccerCity development. The analysis estimates the potential economic and fiscal impacts of the large mixed-use development, which is planned to include a 30,000 seat Major League Soccer stadium, approximately 4,800 residential units, more than 2 million sq. ft. of office, 740,000 sq. ft. of retail space, and 55 acres of open space and park land. This development would be located at the current Qualcomm stadium site in San Diego’s Mission Valley.
Economic impacts of development proposal have been estimated for both the City of San Diego and the County of San Diego. This includes impacts from construction and impacts from operations at a future year at full buildout and stable occupancy. Additionally, annual fiscal impacts to the general fund have been estimated for the City of San Diego from operations of the proposed development at a future year at full buildout and stable occupancy.
Construction Economic Impacts to the County of San Diego
Annual Operations Economic Impacts for the County of San Diego
Understanding our economy begins with strong data. Lucky for us, Feb/March means lots of it.
A little about the research products released this week: