Monthly Report

OCTOBER 2021

A note from Mark Cafferty

Just as we kickoff the final quarter of 2021, British Airways (BA) will resume its nonstop service between San Diego and London Heathrow. The flight that took our region’s global economic connectivity to a whole new level is finally back.

Ten years ago, the BA flight set off a new focus within our region on the role that direct, nonstop service to international markets could play in growing our economy through foreign direct investment and global trade. It was the catalyst for our Japan Airlines flight to Tokyo, our Lufthansa flight to Frankfurt, and continued strategies to expand our global reach and connectivity.

The flight also played a key role in the rebuilding of our region’s World Trade Center. We learned quickly that trade-related jobs were the kind of quality jobs we were hoping to create for more San Diegans, and that engagement with international markets could have a significant and positive impact on our region’s diverse small business community. The return of the BA flight is one important step in getting our economy back to full strength.

By the numbers

7

Newly designated Preferred Providers of Healthcare Talent

13%

of regional jobs are in Healthcare

$790K

in MetroConnect export assistance grants awarded to date

19M

sqft of available office space in the region

Featured Case Study:

Science Spark’s pivot to virtual events catalyzed by COVID-19 relief funding

When Science Spark's annual festival was cancelled and reduced cash flow limited its options, EDC and WTCSD stepped in to help.

SAN DIEGO’S CHANGING BUSINESS LANDSCAPE: Companies struggle to keep up with resurgent growth

In the fourth edition of EDC’s Changing Business Landscape Series, survey research found Life Sciences companies are struggling to keep pace with talent needs, supply chain disruptions are hurting business development, and remote work is driving companies to scale down office space. Read more findings

MEET OUR ADVANCING SAN DIEGO PREFERRED PROVIDERS OF HEALTHCARE TALENT

After careful evaluation with a group of seven employers, EDC is excited to announce the Preferred Providers of Healthcare Talent, recognized as those most effectively preparing individuals for jobs and internships as medical assistants. See the lineup

San Diego’s Data bites: SEPTEMBER 2021

This month’s edition of Data Bites covers August 2021, with data on employment, housing, and more insights about the region’s economy. Key takeaways include less-than-stellar job gains, a dip in unemployment as people exit the workforce, and insight into the impact of emergency federal unemployment insurance on workforce participation. Dig in