San Diego’s Good News of the Week – July 19, 2024

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week. GNOTW is sponsored by Manpower San Diego.

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For the week of July 19, 2024, here’s what we’re reading:

…and here are some events and opportunities:

From our partners:

Best practices for AI in higher education

One in four firms utilize Artificial Intelligence (AI) in the San Diego region. To support a local talent pipeline, EDC partnered with Deloitte to address student preparedness and AI utilization. Nearly 50 faculty and administrators from Advancing San Diego’s Verified Programs attended the workshop to discuss the future of AI implementation in higher education.

Here’s What We Learned

 


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Enya Castañeda
Enya Castañeda

Coordinator, Investor Relations & Marketing Communications

Best practices for AI in higher education

takeaways from Advancing San Diego’s AI Best Practices event

In a regional economy where one in four local firms utilizes Artificial Intelligence (AI), it is essential that San Diego students be prepared with the skills necessary to maximize the use of AI. To address this need, Deloitte and San Diego Regional EDC convened nearly 50 faculty and administrators from Advancing San Diego’s Verified Programs to collaborate and workshop the future of AI implementation in higher education.

Six THINGS WE LEARNED:

  1. Personalize learning and content

    AI can revolutionize personalized learning by analyzing student performance data to identify areas where students need more support and adjust curriculum accordingly. Additionally, AI enables educators to quickly adjust to student needs by creating lecture materials, interactive learning modules, and more. This dual capability expands educators’ ability to create tailored content and saves time on resource creation, enhancing both the learning experience and instructional quality.

  1. Streamline administrative tasks

    AI tools can manage routine administrative tasks such as scheduling, grading, and responding to common student questions. This can reduce the administrative burden on educators, allowing them to concentrate more on teaching and mentoring, thereby improving overall efficiency.

  1. AI literacy and prompt engineering

    Understanding prompt engineering, the skill of constructing the right questions, can significantly enhance the utility of AI in educational settings. The way questions are framed can drastically impact AI responses and, if done properly, reduce the risk of “hallucinations,” AI-generated information that may be incorrect or outdated. This literacy ensures that these tools are used to their full potential, providing accurate and relevant information that supports learning objectives. It also effectively prepares students for jobs in San Diego’s innovation economy, which is already adopting AI at staggering rates .

  1. Emphasize higher-order thinking

    The integration of AI in education is shifting instructive approaches, emphasizing higher-order thinking skills outlined in Bloom’s Taxonomy. With AI handling lower-order tasks such as remembering and understanding information, educators can focus on fostering analysis, evaluation, and creation in students. This shift encourages deeper learning and critical thinking, preparing students for complex real-world challenges.

  1. Establish effective governance frameworks

    Integrating AI into education will require strong governance frameworks to address ethical concerns like bias and privacy, clear policies and guidelines for its use in assignments and assessments, and a regular process for evaluating and updating these frameworks to keep pace with the evolving AI landscape.

  1. Mitigate bias and protect privacy

    Addressing bias in AI training data is important for fair educational outcomes. Ensuring AI models are trained on diverse, representative datasets can improve accuracy and inclusiveness. Privacy concerns are also paramount; public AI tools can inadvertently use any input data for retraining, risking exposure of sensitive information. Enterprise-specific models, which do not learn off of private data, might offer a more secure solution for educational institutions.

To learn more and get involved in EDC’s work, contact:

Olivia Jones
Olivia Jones

Coordinator, Talent Initiatives

aPPLY TO BE A VERIFIED PROGRAM

sEE edc’S AI series

San Diego’s Good News of the Week – July 12, 2024

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week. GNOTW is sponsored by Manpower San Diego.

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For the week of July 12, 2024, here’s what we’re reading:

…and here are some events and opportunities:

From our partners:

EDC, WTCSD host international delegations for Invest in San Diego event

Together with Boston Consulting Group and Biocom, EDC and World Trade Center San Diego hosted an Invest in San Diego breakfast last month to welcome BIO International Conference attendees. More than 100 delegates from countries including South Korea, Canada, Taiwan, and France learned about the region’s Life Sciences industry, cross-border advantage, and local resources including EDC and the Life Sciences Industry Accelerator.

Read More

 


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Enya Castañeda
Enya Castañeda

Coordinator, Investor Relations & Marketing Communications

Opening soon: California Competes Tax Credit

APPLY for up to $215M in Tax Credits

Is your business considering expanding outside of the state or in need of assistance relocating or retaining jobs in California over the next five years?

You may be eligible for up to $215 million in Cal Competes Tax Credit from the Governor’s Office of Business and Economic Development (GO-Biz). Applications for this round will be accepted from July 22 to August 12.

GO-Biz bases awards on several factors relative to the State of California, including:

  • Number of jobs created or retained
  • Anticipated amount of new capital investments
  • Overall economic benefit
  • Opportunities for future growth and expansion
  • The extent to which the tax credit influences the applicant’s decision to relocate jobs from states that have enacted laws that permit discrimination on the basis of sexual orientation, gender identity, or gender expression; or deny or interfere with women’s reproductive rights

For more information on eligibility and assistance, visit the Governor’s Office of Business and Economic Development (GO-Biz) website.

need help applying?

Since 2015, EDC has supported 39 companies in winning $86,371,700 in credits. EDC’s expert team is available at no cost to San Diego companies seeking business growth services, including permitting, site selection, and economic incentives like Cal Competes.

CONTACT EDC

learn more & Apply BY AUG 12

“Creative Electron is very pleased with the support received from CMTC and EDC. We are constantly thinking of our growth goals and how to get there. We believe our people and diversity make us great, and by providing them with the tools to expand their skill set, we are confident we will be able to exceed our ambitious goals.”
–Mariem Ortiz, VP of Operations at Creative Electron, which secured a California Competes Tax Credit of $446,700

MORE RESOURCES

CONTACT EDC FOR OTHEr business sUpport

A note from Mark

Summer in San Diego

Summer always marks some fun, exciting, and impactful moments for San Diego’s community and economy. The Padres have continued to play great baseball as they head into the upcoming MLB All-Star Break. The Rady Shell is packing in world-class acts along with performances from our own San Diego Symphony. The San Diego County Fair in Del Mar continues to host concerts, agricultural exhibitions, and some of our region’s most creative food and drink offerings. And of course, when you are home to the nation’s largest population of active-duty military and veterans, Independence Day takes on a greater meaning. To celebrate, an estimated 800,000 travelers made their way through San Diego International Airport over the Fourth of July holiday.

When it comes to impact, our San Diego Convention Center has been in full swing. After hosting tens of thousands of life sciences leaders from across the globe at the BIO International Convention, San Diego is gearing up for 2024’s Comic-Con International, welcoming more than 100,000 visitors, generating $160 million in local economic impact, and boosting small business revenue.

Another event that has become synonymous with the summer months and has generated a great deal of pride within the San Diego community (no pun intended) is San Diego Pride. The San Diego Pride Parade and Festival is celebrating 50 years, having grown to become one of the largest civic events in the San Diego region and among the largest Pride celebrations in the country. The weekend-long event brings together more than 300,000 people and has an economic impact of almost $30 million.

As we focus on the continued advancement of a regional economic development agenda where inclusion is a cornerstone and economic imperative, we need to continuously reassess and re-evaluate what inclusion (and our related actions) truly means. Our economic development dialogue, agenda, and goals must recognize and remember the impact that small and LGBTQ-owned businesses have on our economy throughout the year and see the stimulus effect that events like San Diego Pride and others have on our community.

As ever, we invite you to lean in with us:

Looking forward to the weeks ahead and making the most of this summer season with our investors and partners.

Mark Cafferty
Mark Cafferty

President & CEO

Read EDC’s monthly report

EDC, WTCSD host international delegations for Invest in San Diego event

Kicking off this year’s BIO International Conference, San Diego Regional EDC and World Trade Center San Diego (WTCSD) hosted an Invest in San Diego breakfast event together with Boston Consulting Group (BCG) and Biocom. The regional ‘pitch’ event played host to more than 100 attendees representing international delegations including South Korea, Canada, Taiwan, France, and more.

With idyllic views of the harbor and downtown, City of San Diego Mayor Todd Gloria kicked off the program highlighting the Life Sciences industry as a crucial pillar of San Diego’s economy. He underscored the region’s commitment to fostering industry growth through initiatives such as the Life Sciences Industry Accelerator, designed to streamline permitting for Life Sciences projects within San Diego.

EDC SVP and Executive Director of WTCSD Nikia Clarke then presented on San Diego’s competitive advantages:

  • San Diego is a top three Life Sciences market with a robust research and development hub and a growing manufacturing sector. With more than 60,000 total Life Sciences jobs countywide, 33 percent are dedicated to manufacturing.
  • The region boasts more than 80 research and 25 post-secondary institutions. Conferring approximately 17,000 STEM degrees annually, San Diego is growing its degree-holding population at a faster rate than any other California metro.
  • San Diego’s proximity to Mexico provides dynamic cross-border economic opportunities for businesses to access additional skilled talent and Baja California’s manufacturing expertise in medical devices and more.

The event concluded with a panel moderated by Miguel Motto, Vice President, Strategic Operations and San Diego Office Head of Biocom, together with panelists Matt Abernethy of Neurocrine Biosciences, Sarah Boyce of Avidity Biosciences, Alison Budelsky of Eli Lilly, and Jeff Labbadia of Element Biosciences. With representation from Life Sciences companies of all sizes, the panelists shared why they continue to expand in San Diego. Although their individual stories are unique, they all made one thing clear: they invest in San Diego because of its diverse and highly skilled talent pool, collaborative spirit, and unrivaled quality of life.

Interested in investing in San Diego?

EDC and WTCSD work directly with companies—free of charge—to help them grow in San Diego. Contact our team today:

Emily Irion
Emily Irion

Manager, Economic Development

Learn more here

San Diego’s Good News of the Week – June 28, 2024

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week. GNOTW is sponsored by Manpower San Diego.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of June 28, 2024, here’s what we’re reading:

…and here are some events and opportunities:

From our partners:

EDC, Apprenti partner to grow local talent pipeline

Amid a nationwide talent shortage, EDC has partnered with Apprenti to invite San Diego companies with advanced manufacturing operations to hire registered apprentices.

Learn More

 


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Liz Muthoni
Liz Muthoni

Coordinator, Economic Development

San Diego’s Good News of the Week – June 21, 2024

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week. GNOTW is sponsored by Manpower San Diego.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of June 21, 2024, here’s what we’re reading:

…and here are some events and opportunities:

From our partners:

Report: Lack of sufficient training a key challenge in hiring entry-level business talent

EDC’s Talent Initiatives team analyzed the region’s talent pipeline for entry-level business roles, leveraging insights from 126 companies in San Diego County with a total of 24,000 employees. With findings around hiring challenges, job growth, and more, the Talent Demand Report serves as an industry guide for education providers on the skills students need to access quality, in-demand jobs in the region.

Read the Full Report


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Liz Muthoni
Liz Muthoni

Coordinator, Economic Development

Monthly Report – June 2024

It has been nine years since EDC hosted its first Inclusive Growth Leadership Trip to Nashville, Tennessee. This May, a cross-sector delegation of business, government, and civic leaders headed to San Jose, a strategic peer metro facing the same challenges and opportunities as the San Diego region. Over two and a half days, our delegation learned and shared best practices in inclusive growth.

By the numbers

  • 35 delegates join EDC’s Inclusive Growth Leadership Trip
  • 61% of local jobs are within small business
  • 43% of small businesses expect to expand workforce (2024 EDC Study)
  • 55% of small businesses face talent acquisition challenges (2024 EDC Study)

Featured case study

Featured stories

New and renewing investors

  • Aya Healthcare
  • COX
  • Excelerate
  • MAAC
  • Strategic Communications
  • Southwest
  • Wester Alliance Bank

See our current Monthly Report

San Diego’s Good News of the Week – June 14, 2024

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week. GNOTW is sponsored by Manpower San Diego.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of June 14, 2024, here’s what we’re reading:

…and here are some events and opportunities:

From our partners:

Last call: EDC’s Annual Dinner

Together with more than 900 business and community leaders, EDC invites you to join us next week at our Annual Dinner at Petco Park on June 18.  We’ll enjoy a brief program honoring our Life. Changing. awardees followed by dinner and networking at the new Gallagher Square.

Buy Ticket Here


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Liz Muthoni
Liz Muthoni

Coordinator, Economic Development