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Inside EDC

March 16, 2018

The Duane Roth Renaissance Award is named in memory of a beloved community leader who tirelessly championed San Diego's innovation ecosystem and reframed how we view our economic diversity. This award recognizes an organization whose work is creating outstanding inventions, innovations or breakthroughs that have changed and improved the world around us. 

We are deeply honored to announce Sempra Energy as the 2018 Honoree of the Duane Roth Renaissance Award, presented by:

Sempra Energy is a San Diego-based Fortune 500 energy services holding company with an enviable track record of growth over its 20-year history. Sempra Energy provides safe, reliable energy through its regulated utilities and energy infrastructure businesses to approximately 43 million consumers worldwide with 20,000 employees, including the company’s most recent acquisition of a majority stake in Oncor, the largest utility in Texas. Major initiatives include system modernization, decarbonization and electrification, as well as innovative strategies to minimize impacts on the environment and maximize the deployment of cleaner energy sources.


Please join us at SeaWorld on May 31 to celebrate Sempra and more. Register here.

March 2, 2018

The impact of Qualcomm's philanthropy and technology has been widespread and has created a global benchmark for how companies innovate, operate, and engage with their community. 

You don’t have to look far to find someone that works for Qualcomm. They are our friends, family, mentors, and neighbors. And they provide a tremendous boost to our regional economy. 

What happens next is in the hands of shareholders, but ahead of the vote, many San Diegans are sharing how the company has impacted our region, our companies, and our economy.

Check them out below.

Mark Cafferty, president & CEO, San Diego Regional EDC

Peter Callstrom, president & CEO, San Diego Workforce Partnership 

Mary Walshok, Associate Vice Chancellor, UC San Diego Extension 

Dennis Arriola, EVP, Corporate Strategy and External Affairs, Sempra Energy 

Ken Davenport, president & CEO, Mission Edge

Nancy Jamison, president & CEO, San Diego Grantmakers

 

Jim Zortman, EDC board chair | vice admiral (ret.), US Navy
 
 
Jerry Sanders, president & CEO, San Diego Regional Chamber of Commerce

Rory Moore, CEO & CO-founder, EvoNexus
 
Julie Meier Wright, retired president & CEO, San Diego Regional EDC
 
Linden Blue, co-owner & vice-chair, General Atomics
 
John Valencia, president & CEO, Voices for Children
 
Blair Salder, former president, Rady Children's Hospital, and chair, Access Youth Academy
 
Jay Hill, CEO, San Diego Public Library Foundation

Do you have a #QualCOMMUNITY story? Tweet us at @SdregionalEDC and we might share it. We'll be adding to this post. 

 

 

August 11, 2017

Discover San Diego: Life. Changing. with this pocket guide full of interesting SD facts and a map illustration of the coolest companies in town!

This is the first official 'tool' - debuted last night - from EDC's San Diego: Life. Changing. Campaign. 

 

June 16, 2017

EDC is proud to take part in the BIO International Convention, the largest life sciences convention in the world, hosted right here in San Diego from June 19-22.
 
Join us Monday, June 19 as we celebrate the region's ever-growing life sciences cluster. Here's how:
  • 1:00 - 2:15pm: Panel event for the launch of EDC's economic impact report on San Diego's genomics industry. Details here.*
  • 5:00 - 7:00pm: San Diego Innovation Council Reception. Register here.
 
*must be registered for BIO to attend.
March 20, 2017

The Duane Roth Renaissance Award is named in memory of a beloved community leader who tirelessly championed San Diego's innovation ecosystem and reframed how we view our economic diversity. Presented at EDC's Annual Dinner each year, this award recognizes an organization whose work is creating outstanding inventions, innovations or breakthroughs that have changed and improved the world around us. 
 
EDC is deeply honored to announce the Salk Institute for Biological Studies as the 2017 Honoree of the Duane Roth Renaissance Award, presented by:

 
Founded in 1960 after Jonas Salk developed the first effective polio vaccine, Salk Institute is among the top five research institutions in the world. The San Diego institute is pushing boundaries of scientific discovery around cancer and immunology, aging, diabetes, brain science and plant biology. Salk has been issued 560 patents, while 38 new companies have spun out of its discoveries. Strengthened by its diversity, there are 46 countries represented by Salk faculty, staff and students.
 
Please join us at EDC's Annual Dinner to celebrate Salk and more, April 20.
March 3, 2017

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:

  • Quarterly Economic Snapshot: February
    Every quarter, San Diego Regional EDC analyzes key economic indicators that are important to understanding the region's standing relative to the 25 most populous metropolitan areas in the U.S. The Economic Snapshot covers data from October to December 2016 (Q4), the most recent quarter available, in regard to employment, real estate and venture capital.

    Release time: Data from the previous quarter is available at the end of the second month of the current quarter (e.g. data from Q4 2016 is released late Feb. 2017; data from Q12017 will be released late May 2017)

 

  • San Diego's Economic Pulse: March
    Monthly, the California Employment Development Department releases countywide employment and unemployment data. However, we know unemployment is only a small sliver of understanding our economy. EDC supplements this report by adding information on who's hiring, business establishments and job postings.

    Release time: The California Employment Development Department typically releases the previous months data on the third Friday of every month (e.g. Data from April 2017 will be release on May 19, 2017). However, the first few months of the year are on a revised schedule, as January is subjected to seasonal changes as some service sectors wind down from the holidays and other data is being adjusted from the previous year. Therefore, January's data was released on March 3, 2017. 

 

December 13, 2016

Connections: a simple word that takes on different meanings, but for EDC, it describes both what we do and how we do it. In 2016, we were all about connecting... Connecting companies to global markets. Connecting business to opportunities. And connecting with the people who make our economic development work possible.

EDC's impact:

  • 8,260 jobs impacted; 126 year-to-date projects
  • $3.4M in tax credits earned by local companies
  • 14 national media hits secured; 149M people reached
  • 15 SMEs accrued $6M in additional export sales; 42 new regional jobs
  • $1.6M DoD grant awarded to San Diego and local organizations
  • 9K students impacted by career development programming
  • Seven economic research reports released
  • And 160 investors and partners who make it all possible...

See the stories behind the numbers in our interactive review at EDCin2016.com.

"As we head into the new year, we know that we have even more to accomplish in connecting San Diego's economy to the world. As always, EDC is honored to do it with and through all of you." - Mark Cafferty, president & CEO

December 8, 2016

Sometimes we find San Diego stories in unlikely places. 
 
Today, Pristine Environments, a facilities management company, announced that it will be integrating autonomous robotic cleaning technology into its clients’ facilities through a partnership with San Diego-based Brain Corp, a Qualcomm Ventures-backed company. Pristine clients include BAE Systems, Scripps, Takeda, CBRE and many more.

At EDC, we like to see San Diego companies working together. Even better is when we can make it happen. 
 
EDC played matchmaker on this deal. When EDC’s economic development manager Jesse Gipe heard Brain Corp was looking to pilot its robotic cleaning technology, he knew the right partner was in San Diego.  He introduced them to Pristine Environments, an EDC investor in the facilities management space, to see if they would be open to getting this new technology into the hands of their clients. Pristine Environments has clients all over the country, but is headquartered in San Diego. 
 
Brain Corp is a software technology company specializing in the development of autonomous artificial intelligence (A.I.) systems for self-driving vehicles (SDVs). Its newly-launched, self-driving industrial floor-cleaning machine called EMMA will be used in Pristine Environments’ client location throughout the country.  
 
Two local companies collaborating to harness the power of artificial intelligence and robotics to make our lives a bit easier... Now that’s a San Diego’ story.
April 28, 2016

It’s clear that despite a healthy economy, not every part of San Diego is enjoying economic prosperity. This week, GlobeSt.com sat down with Jim Zortman, sector VP, strategic operations of Northrop Grumman and newly appointed chairman of EDC, for a chat about what he hopes to do about this issue and others. 

What are your goals in your new role as chairman of the San Diego Regional EDC?

Zortman: Over the past four years, EDC has introduced a number of important initiatives to expand our regional economy with and through a broad base of partners. For example, in partnership with the Brookings Institution and JPMorgan Chase, the “Go Global Initiative” aims to attract foreign direct investment, grow regional exports and strengthen economic ties in strategic international markets, as well as position San Diego’s unique global identity.

As chairman, I am committed to championing these initiatives, but it’s clear that despite a healthy economy, not every part of San Diego is enjoying economic prosperity. I hope to broaden our agenda to focus on economic development issues in communities that have not yet benefited from the region’s development. It is my vision that the broad-based coalition of partners that catalyzed the region’s life-sciences, technology, R&D, defense and aerospace sectors can also come together to develop job opportunities and prosperity for more San Diegans.

What do you feel are the biggest economic development challenges in the San Diego market?

Zortman: We have all heard the comment that businesses should operate “anywhere but California.”  We know it is not cheap to do business here. But it is our job as economic developers to understand and leverage our assets and competitive advantages—just as your readers often have to do as real estate professionals. California is number one in economic categories like foreign investment, venture capital and job growth; we rank first in sectors like agriculture, defense, biotechnology and life sciences; our public universities are nationally ranked and produce top-tier talent—the list goes on and on. San Diego plays an important role in each of these fields.

San Diego is home to the largest concentration of military anywhere in the world. It is the underpinning of defense sectors where we have unmatched dominance: cybersecurity, defense, communications, unmanned systems and maritime. San Diego is the epicenter of the future of biotechnology—specifically genomics. We are home to Craig Venter, who was the first person to sequence the human genome, and to Illumina, the company that can now sequence the genome in just over 24 hours for under $1,000. San Diego has more than 80 research institutions, more than any other region in the country.

Not only are we home to a diversity of thriving industries, but we are also a top-tier talent pool driving our region’s growth. Specifically, San Diego gained 72,000 degree holders in 2014 alone, more than any other major metro area in the country. Also, San Diego has the lowest turnover rate in tech and scientific R&D jobs, which is attracting the attention of technology companies across the country.

Continually, we have what talent wants: the lowest average commute time of any major metro area in the country; an influx of creative-office space as seen with iboss Cybersecurity’s space in UTC; competitive wages—ranking second average annual pay for R&D employees—and more.

And if that’s not enough, let me point out that the economy of Texas could pretty much double overnight and still not match the strength of California’s economy. In the end, dispelling myths about doing business here and telling San Diego’s story is our collective responsibility.

What do you feel are the biggest economic-development opportunities that are perhaps not being taken advantage of in the San Diego market?

Zortman: One of the biggest opportunities we have as a region is to help companies export their products and services. In 2013, San Diego ranked 18th of the 100 largest metro areas in total export value, export-supported jobs, GDP and population size. But the region was only 61st in terms of export intensity—total export value as a share of the region’s GDP. According to the Institute for International Economics, companies that export not only grow faster, but are less likely to go out of business than non-exporting companies.

World Trade Center San Diego – now housed within EDC – has introduced the MetroConnect Program to provide small- and medium-sized enterprises with resources and funding to help open new markets abroad. The Go Global Initiative and programs like MetroConnect help San Diego maximize its global competitiveness.

What else should our readers know about San Diego Regional EDC?

Zortman: The real estate industry is a key partner to EDC. Every day our team works with brokers and developers to help enable and encourage companies to grow here. Using data on the region’s industry clusters, workforce talent and network of partners, EDC is able to assist companies with expansions throughout the mega region. Some of San Diego’s recent wins include the attraction of tech companies such as Bizness Apps and Wrike.

Real estate professionals should also use the research EDC produces to better understand industry sectors poised for growth. For example, EDC recently released a study on San Diego’s software development industry. The study showed the region’s software ecosystem impacts more than 100,000 jobs in the regional economy, with an economic impact totaling $12.2 billion annually; venture-capital investment in software was up by 38 percent in 2015; and the industry has an anticipated employment growth of 18.1 percent in the next year—all signs that the region’s tech ecosystem is gaining national visibility.

 

Click here for the full story.

April 22, 2016
Once again 800 of the region’s executives, elected officials and community leaders joined EDC at SeaWorld San Diego for our Annual Dinner.
 
EDC’s new Chairman Jim Zortman of Northrop Grumman Aerospace Systems shared his vision for the organization; Conrad Prebys was recognized as the Herb Klein Civic Leadership honoree for his many contributions to the region and Illumina’s former CEO Jay Flatley accepted the Duane Roth Renaissance Award on behalf of the company for its life changing genomics technology. 
 
Throughout the evening, guests had the opportunity to interact with SeaWorld animals and enjoy a unique array tastes and treats spread over a large section of the park. 
 
EDC’s Annual Dinner is underwritten by Point Loma Nazarene University, with additional support from sponsors.