Category: News

San Diego’s Good News of the Week – May 27, 2022

By Kylie Alonso,

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.

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For the week of May 27, 2022, here’s what we’re reading:

…and here are some events we’re attending:

EDC’s Annual Dinner at Petco Park

On June 9, EDC’s signature event will again gather more than 900 business and community leaders for a night of celebration. Join us at Petco Park for a unique dining experience, conversations with colleagues and new friends, and a short program honoring our region’s healthcare systems and The San Diego Foundation.

Get Your Tickets

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San Diego’s Good News of the Week – May 20, 2022

By Candela Delucchi,

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.

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

For the week of May 20, 2022, here’s what we’re reading:

…and here are some events we’re attending:

San Diego’s Economic Snapshot: Q1 2022

Every quarter, EDC analyzes key economic indicators that are important to understanding the regional economy through trends in employment, housing, and investment.

In Q1 2022: VC investments in Life Sciences continue amid uncertainty surrounding inflation, while home prices continue to soar despite fewer sales.

Read More

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Red Door Interactive unveils new HQ in Sherman Heights

By San Diego Regional EDC and Red Door Interactive,

EDC, local leaders cut the ribbon on Red Door’s innovative office space

Today, EDC member Red Door Interactive, a national, award-winning marketing agency, unveiled its new San Diego headquarters alongside EDC and staff from Councilmember Vivian Moreno’s office at a ribbon cutting ceremony. Reflective of Red Door’s company culture and vision for the future of the modern workplace, the company’s three-building campus features panoramic views of Downtown San Diego, a variety of collaboration hubs, seven outdoor patio spaces, an urban garden, and state-of-the-art technology for interactive video conferencing throughout the campus, among other amenities for its 90-person staff to enjoy.

For Red Door, the project has been years in the making; the company originally purchased the land in Sherman Heights, a designated Opportunity Zone, for its new headquarters in 2020. Despite a variety of pandemic-fueled hurdles, construction for the project was crafted entirely by local vendors including AVRP, Swinerton, Cultura, and many more.

“We’re excited to bring our diverse team of talented, creative minds to this neighborhood,” Reid Carr, CEO and co-founder of Red Door Interactive, said. “This is not only a place of work for us, but a home for the work we do as a collective. We built this campus with an eye toward the future of work, along with the ability to reflect some of the best San Diego has to offer—outdoor spaces, accessibility, and the spirit of its unique neighborhoods.”

With 20 years in offices in Downtown San Diego, including an award-winning, ground floor space in the DiamondView Tower at Petco Park, this new headquarters marks a bold move to a nearby neighborhood. It also represents Red Door’s commitment to physically coming together as a team, while also continuing to openly support hybrid and remote work—a philosophy the company embraced long before the pandemic.

Red Door hopes its new campus is a step toward bringing more awareness and investment to Sherman Heights. The neighborhood has long been regarded as a vibrant, historic place, rich in culture with fantastic views of downtown, Coronado, and the Bay—but it’s also centrally located around some of San Diego’s greatest assets. Sherman Heights provides easy access to Interstates 5 and 15, and state Routes 163 and 94. It’s also a few minutes from the San Diego International Airport and walkable to Balboa Park, and the unique neighborhoods of East Village, Golden Hill, and Barrio Logan.

EDC’s Mark Cafferty shares, “Reid and the team at Red Door Interactive have always been stewards of our region—investing in organizations like EDC and charting paths for other local companies in San Diego’s urban core. Twenty years ago, the company began a movement in East Village that proved to be monumental for the growth of Downtown. We know Red Door will bring that same vision, passion, and creativity to the historic and vibrant Sherman Heights community.”

San Diego’s Good News of the Week – May 13, 2022

By Candela Delucchi,

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.

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

For the week of May 13, 2022, here’s what we’re reading:

…and here are some events we’re attending:

EDC Monthly Report: April 2022

With and through nearly 200 investors, EDC works to maximize San Diego’s prosperity. From connecting companies to tax credits to connecting taking small businesses online, here’s what EDC did in April 2022.

Apply Now

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MetroConnect VI: Meet the Life Sciences companies

By Javier De Leon,

World Trade Center San Diego (WTCSD)’s MetroConnect awards companies with matching funds, connects them with relevant export-oriented partners and resources, and arranges specialized workshops to increase their knowledge and awareness of global export trends and regulations.

Since the program’s debut in 2015, the 80 small- and medium-sized MetroConnect companies have collectively added 269 new regional jobs, signed more than 543 new contracts, and set up 22 new overseas facilities. Notable alumni include Scientist.com, Dr. Bronner’s, Cypher Genomics (acquired by Human Longevity Inc.), Planck Aerosystems, White Labs, and more.

Now, WTCSD is pleased to welcome the newest group of MetroConnect companies representing the diversity of San Diego’s innovation economy. Below, meet the Life Sciences companies:

Meet the four Life Sciences companies going global with MetroConnect:

 Nano PharmaSolutions

  • Location: San Diego, CA
  • Description: Nano PharmaSolutions’ NanoTransformer™ technology turns insoluble drug molecules to nanoparticles so they can be more effectively absorbed.
  • Key bottlenecks: Building out international marketing plan, outreach to identify prospects

Sparsha Pharma USA

  • Location: Oceanside, CA
  • Description: Sparsha Pharma, a pharmaceutical manufacturing company, creates transdermal drug delivery system and orally dissolved film products.
  • Key bottlenecks: Understanding regulatory landscape in target markets. Identify partners and distributors

 iAssay

  • Location: San Diego, CA
  • Description: iAssay®’s Point-of-Care Test (POCT) diagnostics solution tests patients wherever they are. Multi-tech/format POCT cartridges commercialized by hundreds of companies are used with iAssay® designed adaptors. Its AWS Cloud validates devices before testing can start, captures raw data, and offers time/date stamped results available through internet portals.
  • Key bottlenecks: Building out international marketing plan, outreach to identify prospects

Solecta

  • Location: Oceanside, CA
  • Description: As manufacturers deal with variable raw material quality, rising costs for energy, and increased quality standards for their finished products, Solecta helps improve separations processes through membrane solutions like microfiltration, ultrafiltration, nanofiltration, and reverse osmosis filtration products.
  • Key bottlenecks: Effective outreach to potential clients, targeted market research, local language barriers, understanding of local regulatory requirements

 

 

What’s next?

The 15 MetroConnect VI companies will gain access to a suite of resources to support expansion into international markets, including executive workshops, flight discounts, language translation, and up to $30,000 in grant funding.

“Programs like MetroConnect help ensure the world knows just what San Diego is made of—innovative, high-impact products and services across a wide range of industries,” said San Diego City Councilmember Raul Campillo. “I’m proud to support and welcome WTCSD’s new cohort, and look forward to seeing the companies’ impact on a global scale.”

Interested in growing your business internationally?

World Trade Center San Diego works directly with companies – free of charge – to help them expand internationally and grow in San Diego. Whether your small company is interested in learning about exporting and international growth, or your SME is ready to export and grow internationally, WTCSD is here to help.

Ready to get involved? Click here to receive our quarterly Global Brief Newsletter, delivered straight to your inbox.

 

San Diego’s Good News of the Week – May 6, 2022

By Candela Delucchi,

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.

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

For the week of May 6, 2022, here’s what we’re reading:

…and here are some events we’re attending:

San Diego Biz Hub: Free digital services for small businesses

GoSite and EDC are still accepting applications for the San Diego Business Hub, which offers small, service-based businesses the full suite of GoSite products at no cost. Services include payment and invoicing, bookings, review management, customer communications, and template websites.

Apply Now

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San Diego’s Good News of the Week – April 29, 2022

By Candela Delucchi,

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.

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

For the week of April 29, 2022, here’s what we’re reading:

…and here are some events we’re attending:

Case Study: Left Coast Engineering leverages Advancing San Diego to hire intern, strengthen talent pipeline

Like many companies during the pandemic, Left Coast Engineering faced challenges in accessing a diverse talent pool and building up its workforce. EDC’s talent initiative Advancing San Diego stepped in to help.

Read More

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Now live: 2021 Downtown Demographics Study

By EDC Research Bureau,

The Downtown San Diego Partnership, together with the City of San Diego and San Diego Regional EDC released the findings from the 2021 Downtown Demographics Study. Among findings about Downtown’s residential population, workforce, and attractions, the study confirmed that Downtown is uniquely primed for a post-pandemic resurgence of residential and business growth due to several key factors.

“What we found most exciting about this research is that it confirmed through data what we’ve long heard from Downtown residents and stakeholders,” said Betsy Brennan, president & CEO for the Downtown San Diego Partnership. “Downtown is primed with a talented residential workforce that desires to live and work in our urban core. This, in combination with ongoing investment in world-class commercial and research spaces with access to the region’s enhanced transit system and a vibrant neighborhood lifestyle for residents, businesses and visitors alike, tells us that there is no better time to invest in Downtown.”

Authored by EDC, in coordination with UC San Diego Extension’s Center for Research and Evaluation, the update provides new data on the residential and workforce populations of San Diego’s urban core, identifies areas for growth, opportunities for investment and advocacy, as well as a benchmark for the impacts of COVID-19. It’s intent is to serve as a helpful tool for anyone hoping to understand Downtown’s unique makeup and continue to fuel decisions to advance the economic prosperity and cultural vitality of the city’s urban core for years to come.

KEY TAKEAWAYS

  • Downtown’s residents are young, urban professionals primarily working in innovation industries and earning higher-than-average wages. The vibrancy of urban living is what they like about living Downtown and they would even prefer to work there if given the choice, though the cost of living remains higher in Downtown than the County at large.
  • Downtown’s over concentration of the most in-demand talent, combined with an increasing supply of commercial real estate, present timely opportunities for high growth companies – particularly Life Science and Technology companies securing record-breaking investment – who are seeking top talent surrounded by the amenities they desire.
  • Downtown’s legacy industry clusters are more vulnerable to economic downturns, making diversification advantageous. Job losses during 2020 erased the gains of the previous four years.
  • Downtown is widely viewed as a hub for arts and culture, as well as a top destination for professional networking and gathering.

“While San Diego’s innovation economy continues to drive the region’s recovery from the COVID-19-spurred economic downturn, we must ensure the building blocks of this recovering economy—quality jobs, skilled talent and thriving households—are accessible to more people,” said Mark Cafferty, president and CEO of EDC. “The data confirms that the pillars to build a more resilient economy through continued investment into Downtown by new, growing and diversified industries are in place and ready. More than ever, smart economic development means inclusive economic development.”

The Downtown Partnership first commissioned a demographic study in 2016, then a new tool for the organization’s advocacy efforts and the Downtown community. Providing an in-depth look at San Diego’s urban core and capturing a moment in time of the market’s recovery following the pandemic, the 2021 study was funded by the City of San Diego’s Economic Development Department, DSDP Clean & Safe Commercial Enhancement Program, Stockdale Capital Partners, and Urban Strategies Group.

Read the report

San Diego’s Good News of the Week – April 22, 2022

By Candela Delucchi,

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.

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

For the week of April 22, 2022, here’s what we’re reading:

…and here are some events and opportunities to consider:

San Diego’s Data Bites: April 2022

Presented by Meyers Nave, this edition of San Diego’s Data Bites covers March 2022, with data on employment, investment, and more insights about the region’s economy. Key takeaways include a drop in the region’s unemployment rate and Leisure and Hospitality employment gains.

Dig In.

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San Diego’s Good News of the Week – April 15, 2022

By Candela Delucchi,

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.

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

For the week of April 15, 2022, here’s what we’re reading:

…and here are some events and opportunities to consider:

ICYMI: A progress report on San Diego’s 2030 Inclusive Growth goals

While San Diego’s innovation economy has made the region more prosperous, it perpetuates economic disparities in ways that threaten San Diego’s competitiveness and resilience. With new data and bold goals toward increasing the number of skilled talent, quality jobs, and thriving households, leaders in the private and public sectors, education, and philanthropy offered their shared commitments to economic inclusion.

Hear regional commitments and join the movement.

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