Key Takeaways San Diego’s jobs recovery has left the lowest-paid workers behind. Disproportionate job losses and the possibility that lower-paid residents will owe large sums in back-rent will exponentially exacerbate wealth inequality. Lower mortgage rates drove up house prices, making housing even less affordable despite record job losses and elevated unemployment. Needless to say, 2020 […]
EDC Blog
Blog
A note from Dr. Clarke…
“Plans are useless, but planning is indispensable.” —General Dwight D Eisenhower Every year at EDC, our team spends November and December moving through a structured goal setting process together with our investors, our executive committee, and our board. We work to establish objectives for the year that are responsive to the demands of current economic […]
Good News of the Week – January 8, 2021
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. For the week of […]
7 COVID-19 resources for small businesses – January 2021
With new federal and state legislation enacted over the holidays, it can be challenging to sift through what’s available for businesses. Below, EDC has outlined seven new and ongoing support/resources available as businesses navigate impacts of COVID-19. 1. COVID Relief Grant Program The State of California launched a $500 million COVID Relief Grant Program for […]
Monthly Report – January 2021
A note from Dr. Nikia clarke: Every year at EDC, our team spends November and December moving through a structured goal setting process together with our investors, our executive committee, and our board. We work to establish objectives for the year that are responsive to the demands of current economic conditions; that are led by […]
WTC San Diego welcomes new British Consul General Emily Cloke
World Trade Center San Diego extends its warmest welcome to Emily Cloke, the new British Consul General in Los Angeles. This past December, we were honored to host Ms. Cloke, as well as Antony Phillipson, Her Majesty’s Trade Commissioner for North America, UK Government, at our virtual Global Competitiveness Council to discuss the future of trade […]
A note of reflection from EDC
“…Next year all our troubles will be miles away.” Those words were first shared and sung by Judy Garland in the movie “Meet Me in St. Louis” in 1944. They have probably been covered by a thousand musicians since. And at various stages of my life, right around this time of year, they have struck […]
San Diego’s Economic Pulse: December 2020
Each month the California Employment Development Department (EDD) releases employment data for the prior month. This edition of San Diego’s Economic Pulse covers November 2020 and reflects some effects of the coronavirus pandemic on the labor market. Check out EDC’s research bureau for more data and stats about San Diego’s economy. Key Takeaways Unemployment falls to […]
San Diego’s Good News of the Year 2020
While the end of the year is about reflection, it has been challenging for all of us to celebrate 2020’s bright spots and successes. And yet, while our community grappled with global public health and social justice crises, we also saw San Diegans rise to the challenge—as they always do—to address a new virus, grow innovative […]
Fast Five: North County Business Wins from 2020
It’s been a long and unpredictable year, yet it’s gone by in a flash. This year was challenging and different for everyone, but one thing rang true – the North County community showed its resiliency and commitment to collaboration time and time again. Together we celebrated the bright spots and successes and grieved unimaginable loss. […]