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The Big Picture San Diego Blog


EDC Annual Report 2017

December 18, 2017


Ensuring Everyone has a seat at the table

A prosperous San Diego means an economy that works for all residents. Despite record low unemployment rates and a flourishing innovation economy, San Diego, and many other regions, have seen a rise in economic inequities. And if not addressed, this rise will have dire economic consequences. 
 
It started with taking an uncomfortable - yet honest - look at how San Diego can better address strategies for inclusive economic growth and how economic development professionals in San Diego can better address these strategies that impact both businesses and workers.

EDC's still has a long way to go in its mission to help make the competitiveness case for inclusion, but we've come a long way. See more in our timeline below:

 
  • APRIL 2016 - THE RISING TIDE
    A rising tide hasn’t lifted all boats, and sometimes it take a former Navy  Admiral to make that observation At EDC’s Annual Dinner, Jim Zortman takes over as EDC chair, and challenges uss to re-think economic development and engage communities that have been historically left out of the conversation.  
  • DECEMBER 2016 - A BROOKINGS INSTITUTION INCLUSIVE LEARNING LAB
    San Diego wasn’t the only place having these conversations. DC, on behalf of San Diego, was selected as one of three regions from around the country to participate in a learning lab, spearheaded by the Brookings Institution, focused on inclusive economic development and how organizations engage in this complex topic. EDC convened partners in the community who were embedded in these issues to come around the table.
  • JULY 2017 - DEFINING THE PROBLEM
    With the help of the Brookings Institution, EDC completed a narrative to make the competitiveness case for inclusive growth. Economic inclusion is more than just ‘corporate social responsibility’; it’s an economic development imperative.
    In the narrative, EDC highlights key stats about this challenge that frames inclusion as a competitiveness issue: that our demographics are shifting and our ‘innovation economy’ workforce is not reflective of our population; that the educational attainment gap in minority populations will exacerbate company workforce shortages in STEM fields; and that small businesses are not able to compete to grow. All of this is happening at a time when housing prices are at an all-time high and our population’s ability to afford to live here is shrinking.
  • SEPTEMBER 2017 - A LEADERSHIP TRIP TO LOUISVILLE
    EDC took a group of business leaders to Louisville, KY to understand how their region addresses challenges related to inclusion. In Louisville, where socioeconomic and demographic challenges have come into everyday conversation, our group learns to be bold and be direct when addressing these issues. It’s only when everyone can talk about the challenges that they can be addressed, in full. 
  • 2018 - WHAT'S NEXT
    As the region's innovation economy continues to grow, EDC is incorporating lessons learned into its own strategic plan. The plan is three-fold: 1) Developing San Diego's population to meet the region's talent needs 2) Helping SMEs better compete and 3) Highlighting issues of affordability that prevent talent from staying in, or coming to the region. 

We're just getting started. Stay tuned for more in 2018.

December 12, 2017


 


Propel San Diego is a federal grant - awarded to the city of San Diego - to boost the San Diego region's defense resiliency. The timeline below describes how we worked with and through partners, on the Propel San Diego initative.

  • 2012 - OPERATION SAN DIEGO COALESCES
     Amid discussions around the potential impact of sequestration, EDC and the San Diego Military Advisory Council (SDMAC) co-create the Operation San Diego initiative. Operation San Diego is a strategic plan to support the region's military and defense footprint – a key driver of the regional economy.
  • SEPTEMBER 2014 - EDC EXPLORES COLLABORATION WITH OEA
    Home to the largest concentration of military assets in the world, San Diego was a prime candidate for funding from the Department of Defense’s Office of Economic Adjustment (OEA), which had already been funding similar programs in other defense-heavy clusters across the country. The Office of Economic Adjustment urged San Diego to apply for the program, which would help boost San Diego’s defense resiliency.  
  • JANUARY 2015 - RESEARCH PROVES ELIGIBILITY FOR OEA FUNDING
    As a way to prove eligibility for the grant, EDC conducts an analysis of defense-related workforce trends. The research concludes that many small and medium-sized enterprises (SMEs) are dependent on military and defense funding. An OEA grant would help develop programming to diversify revenue streams. Now, EDC and SDMAC  must get the right regional partners onboard. 
  • AUGUST 2015 - CITY OF SAN DIEGO SPEARHEADS GRANT PROPOSAL 
    Recognizing the need to diversify our economy, the City of San Diego agreed to spearhead the grant proposal and act as the fiscal agent.
  • JULY 2016 - SAN DIEGO WINS $1.6M GRANT
    After a lengthy application, the City of San Diego, EDC and additional regional partners receive notification of a $1.6 million grant award for Phase I of the OEA project. Phase I of the project includes a defense industry survey and research report, overhaul of the SDMAC website and the creation of a regional asset map.
  • SEPTEMBER 2016 - PROPEL SAN DIEGO DEVELOPED AS ENTITY 
    The partners in charge of executing the OEA grant officially name the initiative Propel San Diego, and develop a logo and other supporting materials.
  • JANUARY 2017 - PROPEL SD RESEARCH IDENTIFIES DEFENSE ECOSYSTEM
    Research finds that small businesses often derive a large portion of their revenue from defense-related contracts, meaning downward adjustments in military spending at the federal level can have catastrophic impacts on the longevity of military-reliant small businesses. 
  • SEPTEMBER 2017 - PROPEL SD AWARDED $1.7M FOR PHASE II OF OEA GRANT
    Due to the success of the Phase I OEA work, Propel San Diego was granted $1.7 million to execute Phase II, which will begin in 2018. As part of the Propel San Diego deliverable, EDC and World Trade Center San Diego will run a MetroConnect defense cohort for defense-reliant companies looking to export and diversify their sales portfolio.
     

And we're just getting started. In 2018, we'll release our defense visualization tool. Stay tuned for updates from Propel SD.

In addition to San Diego Regional EDC, Propel SD partners include: