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The Big Picture San Diego Blog


Research Q2 2016

June 23, 2016

In 2012, then FBI Director Robert Mueller stood up at a cybersecurity conference and said, “There are two types of companies- those who have been hacked and those that will be.”

Whether you’re a Fortune 500 company, military contractor, genomics company or a neighborhood restaurant, cybersecurity has become ubiquitous for all businesses. According to Cybersecurity Ventures, an estimated $1 trillion will be spent on cybersecurity from 2017 to 2021. These global businesses may have San Diego – or rather one of its 100 plus cyber firms – to thank for that.

A new study released this week by San Diego Cyber Center of Excellence, with research by San Diego Regional EDC, provided additional insights on the impact of San Diego’s cyber economy.  In total, 104 core cyber firms employ 4,230 people in the region. SPAWAR, the Navy’s cybersecurity and R&D arm, employs an additional 3,390 in the cyber industry.

According to the study, San Diego’s cybersecurity industry generates more than $1.9 billion in GDP and impacts 16,580 jobs annually – equivalent to hosting four Super Bowls or 14 Comic-Cons each year – and has grown by more than 26 percent in just two years, since EDC’s last cyber study.

“San Diego is uniquely positioned to capitalize on the ever-growing global demand for cybersecurity products and security,” said San Diego Mayor Kevin Faulconer. “This study shows how the convergence of the innovation economy, education and research, and department of defense presence creates a fertile ecosystem for companies and talent.”

San Diego, with its strong concentration of military personnel, has a growing a base of software jobs and university specializations, which benefits from a rich pool of cybersecurity talent. It’s one of the reasons companies such as ESET and iboss have set up shop here. More than 51,000 technology specialists call San Diego home and work in a variety of cybersecurity-related occupations. Employers surveyed expect their cybersecurity workforce to grow by 13 percent in the next year compared to projected 2 percent overall regional job growth.  

Read the full study here.

May 5, 2016

With over 3.2 million people and nearly 1.5 million jobs in the San Diego region today, San Diego’s extensive network of highways, roads, rail lines and public transit serves as the backbone of our economy. Essential for the movement of people and goods in and around the region, transportation infrastructure strengthens the regional economy and promotes future economic growth. Expansions and enhancements to roads, highways and public transit reduce congestion, decrease travel times and increase business productivity and overall economic competitiveness.

First approved by voters in 1988, TransNet – the region’s half-cent sales tax – has funded a variety of local transportation projects including roads, highway, public transit and active transportation. Since its inception, nearly $3.3 billion in funds collected by TransNet have been leveraged with nearly $10 billion more from federal, state and local funding sources to deliver more than 650 projects throughout the region. EDC released an economic impact analysis of TransNet, which reveals how investments in transportation over the last 25 years have impacted San Diego’s economy.

Key findings:

  • TransNet has a $20 billion economic impact.
  • 650 projects have been completed to date, including 6,500 acres preserved as open space.
  • Every $1 collected in TransNet taxes results in a $1.70 increase in the region’s GDP.
  • TransNet supports 5,300 jobs annually and has contributed $9 billion in total local wages.
  • Regional benefits from infrastructure investment include 12.4 million hours of commute time savings and $500 million in travel time savings annually.  

Read the analysis here.