EDC Monthly Report
September 2020
A note from our board chair:
As I take on the role of board chair for the next two years at San Diego Regional EDC, I am fortunate, blessed, and humbled by the opportunities that life has given me. I also recognize that my story is not the norm for Latino immigrants in this country and that my journey thus far is not particularly common for a city kid from Chicago. I feel both an obligation and responsibility to use this time at EDC wisely, effectively, and purposefully. And as the threats and realities of COVID-19 and racial injustice continue to grip our community and our economy, like many, I feel the urgency and the need to accelerate the recovery that lies in front of us. From the years following the Great Depression to those following the Great Recession, every recovery that the American economy has experienced has increased systemic poverty and widened the inequalities in Latino and African American communities. Too often, in a rush to restore economic normalcy for some, entire segments of our communities have been left further behind and unable to find and maintain their footing on a new and changing economic foundation. Our commitment at EDC is to do everything we can—drawing on the breadth and depth of every partnership and relationship we have— to get this recovery right.
— Julian Parra
By the numbers
12.3%
San Diego County Unemployment Rate
299
Businesses Assisted Year-to-Date
6.3K
Jobs Impacted* Year-to-Date
43
Interns Placed in Small Companies**
* “Jobs Impacted” is derived from self-reported numbers associated with those businesses EDC has assisted year-to-date.
** Count of intern placements through Advancing San Diego year-to-date. Made possible by J.P. Morgan Chase.
Featured Case Study
BD deemed essential; remains operational amid uprise of COVID-19
Through a connection shepherded by EDC, BD received written clarity that it was an essential business – providing the company with the necessary documentation from the San Jose Mayor and a County Supervisor to assure their workforce could safely and effectively return to work. Through these efforts, EDC was able to lay that groundwork to ensure that there was no disruption in its San Diego operations, as well.
With and through our nearly 200 investors, we are creating a stronger San Diego.
August renewals:
