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The Big Picture San Diego Blog


June 2018

June 15, 2018

Each month the California Employment Development Department (EDD) releases industry data for the prior month. This edition of San Diego’s Economic Pulse covers May 2018 data, including unemployment, new business establishments, and job postings.

Highlights include:

  • The region’s unemployment rate was 2.9 percent in May, unchanged from April’s revised rate, and 0.8 percentage points lower than a year ago – the lowest since January 2000.
  • The majority of jurisdictions saw a decrease in unemployment rate from the month prior. Only National City saw its unemployment rate rise, an increase of 0.1 percentage points to 4.0 percent.
  • The labor force grew slightly, adding 900 workers during the month, up 0.1 percent. The labor force is now up 4,300 compared to a year ago, or 0.3 percent.
  • The largest increases came from leisure and hospitality, which added 2,100 jobs. Education and health services saw the only employment declines of any industry group, contracting by 300 jobs.


Read the Economic Pulse here.

June 14, 2018

As part of the San Diego: Life. Changing. campaign, we're always thinking of different ways to communicate San Diego's story. And though it's a mostly digital campaign, we know the value in prospective talent having something tangible to hold, touch, and keep at their desk to flip through whenever daydreaming of a better life.

This guide - as part of the Talent Recruitment Toolkit - provides an overview of what it's like to work and live in San Diego, showcasing some of the innovations and technology created here, as well as the different neighborhoods recruits could soon be calling 'home.' Flip through the digital version of the guide below. If you're interested in purchasing printed copies for use in your recruitment efforts, email us at communications@sandiegobusiness.org.

June 8, 2018

World Trade Center San Diego, through a grant provided by JPMorgan Chase & Co., and more than 100 business and community leaders awarded the 2017-18 MetroConnect Grand Prize to CureMatch, a local digital health company focused on personalized medicine and oncology. The company will use the $35,000 award to take its life-saving technology into the Canadian, Mexican and European markets.

“Three years in, the success of the MetroConnect program points to the importance of global trade and connectivity,” said Nikia Clarke, Ph.D., executive director of World Trade Center San Diego, the organization administering the grants. “From securing distribution partnerships in Japan to inking deals in key biotech hubs across the EU, the MetroConnect Grand Prize finalists are sharing their life-changing innovation with the world, helping strengthen San Diego’s economy and workforce.”

Managed by World Trade Center San Diego, an affiliate of the San Diego Regional EDC, and presented by JPMorgan Chase, the MetroConnect Grand Prize offers $35,000 to one of 15 companies to aid in their foreign market expansion. The complete list of finalists can be found here.

The benefits of companies going global and engaging foreign markets are well-documented. According to the Brookings Institution, companies that are global pay their employees higher wages, are less likely to go out of business and spur more efficient development of technology and R&D.

In 2017 alone, San Diego exported $23.8 billion in goods and services from diverse industries including aircraft manufacturing to pharmaceutical R&D. Small- to medium-sized businesses produce 92 percent of those goods – undergirding the importance of programs like MetroConnect.

Now in its third year, MetroConnect has emerged as the region’s premier export assistance program. Run by World Trade Center San Diego, 15 companies are selected on an annual basis and equipped with a suite of programmatic and financial resources to help them in their plans to go global. Out of 50 applicants in 2017, just 15 San Diego companies were awarded the initial $10,000 MetroConnect grant, funded by JPMorgan Chase. Since the program’s inception in 2015, the cohort companies have produced an additional $15 million in export sales and 161 new jobs for the region, collectively.

A panel of judges consisting of business and community leaders reviewed the companies’ respective accomplishments and goals as a means of selecting the top four finalists to present at the Grand Prize event: CureMatch, FoxFury, Planck Aerosystems and Tioga Research.

“CureMatch is thrilled to win the Pitchfest, with special thanks to World Trade Center San Diego and JPMorgan Chase,” said Stephane Richard, Ph.D., president and CEO of CureMatch. “Cancer has no boundaries, so while CureMatch was born in San Diego, we believe that every one of the more than 15 million people diagnosed with cancer this year deserves the best treatment. This grand prize will help CureMatch save more lives around the world.”

“JPMorgan Chase is committed to helping local businesses connect to the global marketplace,” said Tim West, region manager of JPMorgan Chase’s Middle Market Commercial Banking practice in San Diego. “We congratulate the finalists for their efforts to grow their businesses internationally while creating jobs and boosting our local economy.”

The Grand Prize event was hosted at Alexandria Real Estate on June 7, with keynote remarks by Matt Cole president, Cubic Transportation Systems and corporate senior vice president, Cubic Corporation. 

June 8, 2018

From Intuit to Amazon and more, San Diego is home to numerous companies that come here to tap into the region’s impressive talent pool. However, Qualcomm aside, San Diego is not often thought of as a headquarter town.

Teradata, a data analytics company, might be changing that. This week, the company announced that it would be relocating its headquarters to San Diego from Dayton, Ohio. While Teradata has had a presence in San Diego for some time, 18 months ago it began to make a strategic shift from being a data warehouse company to a data analytics platform. And where do you find large volumes of software engineers, statisticians, and others to create the world’s premier data analytics platform? That’s right, San Diego.

As part of its shift to San Diego, Teradata will continue its aggressive hiring spree at its Rancho Bernardo campus, which currently holds more than 1,000 employees. 

You can check out Teradata jobs in San Diego here.

 

June 4, 2018

Well, that was fun.

Thank you to those who joined us at EDC's 52nd Annual Dinner, underwritten by Point Loma Nazarene University. This event continues to remind us how lucky we are to call San Diego home - we are a region that lifts each other up and celebrates all the life-changing people and innovation around us.

We were honored to celebrate Dr. Mary Walshok with the Herb Klein Civic Leadership Award presented by Alexandria Real Estate, and Sempra Energy with the Duane Roth Renaissance Award presented by Carrier Johnson + CULTURE. And, we welcomed EDC's new board chair, Janice Brown, founder of Brown Law Group.

Janice laid out a big vision for EDC and San Diego. And many of you have asked us how you can help make this a reality. Here are two quick things you can do that will make a big difference to us:

  • Sign up for the San Diego: Life. Changing. recruitment toolkit. In it, you will find free resources to help us all project one, cohesive image of San Diego to the world and the talent that should be here. 
  • Nominate a small business for the Inner City Capital Connections program. The program is coming to San Diego this fall and is completely free thanks to Kaiser Permanente. Learn more about this truly life-changing program and please send us a note if you have any suggestions

Like Janice eloquently said, we must continue to embrace change to fuel progress in our region and beyond. Thanks for pushing and helping us to do this work.
 

Download pictures from the event here. We'll be adding more as we receive them so check back soon.

EDC's Annual Dinner from San Diego on Vimeo.

June 1, 2018

This week at EDC's 52nd Annual Dinner, we were honored to officially welcome Janice Brown as EDC's new board chair. After two years of leadership, Jim Zortman, retired Northrop Grumman executive and EDC chair since 2016, symbolically 'passed the gavel' to Janice. 

Having served as an EDC board member for eight years, Janice has helped guide the organization's priorities and is well-equipped to lead EDC's inclusive growth and #SDlifechanging efforts, among other intitiatives. And she'll do so with more energy and class than we could hope for.

Janice is the founding partner of Brown Law Group, a leading Southern California litigation law firm specializing in all aspects of employment and business litigation. She is known for her professional distinctions as well as her commitment to the community with over 30 years as a trial lawyer with significant trial, arbitration, and appellate experience. Janice received her undergraduate degree in Journalism and graduated with honors from the University of Montana in 1981. She graduated from Gonzaga Law School in two years, and joined the Justice Department’s Honors Program in 1984. At the Department of Justice, she tried lawsuits on behalf of the United States. Her distinguished career includes receiving the Department of Justice “Outstanding Trial Attorney” Award in 1987. Ms. Brown is rated AV®-PreeminentTM by Martindale and has been recognized as a Super Lawyer since 2007.  
 
Brown Law Group’s representative clients include: UPS; Allstate Insurance; CenturyLink; Chelsea Investment Corp.; Coca-Cola; Jerome’s Furniture Warehouse; Liberty Mutual Insurance Company; McDonald’s; Toyota; U.S.D.A. Forest Service; Wells Fargo Bank and Xerox Business Services.

You can follow Janice on Twitter at @JPatrice4080