Monthly Report

July 2021

A Note from Mark Cafferty

Over the last several months, our work at EDC has had to move and change in some significant ways to respond to the economic conditions around us. And while this is always a part of our work and planning, it is safe to say that 2020—and the early stages of 2021—challenged us greatly and taught us a lot about our work and our economy, as it did all of you.

Investors and community partners often ask me what a day or a week at EDC looks like—some are just curious what the actual work feels like on a day-to-day basis; others are interested in knowing what we are seeing and experiencing through the businesses we work with to better understand if their needs and priorities may signal bigger or broader economic trends, challenges, or opportunities for the region.

As always, we do all that we do with an eye on building a stronger, more inclusive economy, producing more skilled workers, creating more quality jobs within our small businesses, and establishing more thriving households and a better quality of life for businesses and residents in all corners of the San Diego region.

Read more from Mark.

By the numbers

6.4%

San Diego County unemployment rate

194

Businesses Assisted year-to-date

8.9K

Jobs Impacted* year-to-date

$3.5B

economic impact of region’s cybersecurity cluster

* “Jobs Impacted” is derived from self-reported numbers associated with those businesses EDC has assisted year-to-date.

study quantifies the impact of ai in region’s cybersecurity cluster

EDC released the second study in a series underwritten by Booz Allen Hamilton on the proliferation of Artificial Intelligence and Machine Learning within San Diego County’s key economic clusters. Read more.

meet the companies: advancing san diego, manufacturing interns

Fourteen companies have been selected to host Manufacturing interns from programs designated as Preferred Providers of Manufacturing Talent. Read more.

GCC recap: state of global supply chain

World Trade Center San Diego convened its gathering of the Global Competitiveness Council, which focused on the extraordinary global disruption we have seen in the supply chain and logistics space amid COVID-19 and other factors. Read more.

With and through our nearly 200 investors, we are creating a stronger San Diego.

June renewals and new members:

City of Escondido

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