Monthly Report – May 2023

As we wrap up Q1, we look back on the 51 companies supported and the close of the Artificial Intelligence-Machine Learning report series. Here’s what else EDC accomplished in April 2023 with and through our investors and partners.

By the numbers

  • 4 MetroConnect finalists to pitch at grand prize  
  • 5 EDC reports published on artificial intelligence 
  • 51 Small businesses supported by EDC & SBDC in Q1 
  • 4 Investment map use cases

Featured stories

New and renewing investors

  • Biomed Realty Trust
  • Bridgewest Group
  • Carrier Johnson
  • City of Escondido
  • Cox Communication
  • HomeStreet Bank
  • Junior Achievement
  • Lankford Q1 payment
  • MAAC
  • OnPoint Development
  • San Diego County Airport Authority
  • Scripps Health
  • Sudberry Properties
  • Wells Fargo
  • Clark Construction

See our current Monthly Report

Monthly Report – April 2023

It might be easy to look at headlines or social media these days and feel a bit weighed down by the news in San Diego. When those chosen to lead important roles fail us, it creates distrust, anger, and frustration that can make its way into all our lives.

It is important to look away from the headlines and remember who we really are as a community.

hear more from mark → 

By the numbers

  • 26 small businesses supported by EDC in Q1
  • 78K local unique AI-ML job postings in 2022
  • $21.2B AI-ML economic impact
  • 50.5K jobs provided in AI-ML

Featured stories

New and renewing investors

  • City of San Marcos
  • Cisterra Development
  • Kaiser Permanente
  • Longfellow
  • Marsh McLennan
  • National Core
  • Calpine
  • SDICCCA
  • Solar Turbines
  • Strategic Communications

See our current Monthly Report

Monthly Report – March 2023

While companies continue to cut costs and make layoffs in the wake of a highly anticipated (though not clearly signaled) recession, the nation’s ratio of available workers to open positions remains less than one to one. This means that there are more open positions across the United States than unemployed people available to fill them.

It’s time for San Diego to rethink talent pipeline development.

here’s how from our talent Initiatives manager → 

By the numbers

  • 2.9% record low unemployment rate—Q4 2022
  • $92K median home price in San Diego—Q4 2022
  • $3.23 rent per sq. ft for commercial real estate—Q4 2022
  • $13.2M secured by ALE from California Energy Commission

Featured stories

New and renewing investors

  • Equus Workforce Solutions (prev. ResCare)
  • Unibail-Rodamco-Westfield (URW)
  • Procopio, Cory, Hargreaves & Savitch
  • H.G. Fenton Company
  • YMC of San Diego County
  • Federal Reserve Bank of San Francisco

See our current Monthly Report

Monthly Report – February 2023

From planning our first-ever open house in our new home, to helping connect companies to mission-driven talent, see below for what EDC accomplished in January 2023. We look ahead to the year with more optimism than some…

here’s why from our sr. director → 

By the numbers

  • 200+ EDC investors registered for open house
  • $92K median advertised  tech salary in San Diego (2022)
  • $671M VC raised in Q4 2022
  • 8 businesses secure $35K in grants through WTCSD advising

Featured stories

New and renewing investors

  • LBA Realty
  • Brookfield Properties
  • General Atomics
  • Sharp

See our current Monthly Report

Monthly Report – January 2023

New year. New homeSame goals. December 2022 marked the end of a year full of research, a return to our signature celebrations, and increased commitments towards Inclusive Growth.

SEE OUR YEAR IN REVIEW → 

By the numbers

  • 9,906 jobs supported through EDC’s core economic development work in 2022
  • 7,150 hours worked by 45 Advancing San Diego interns at 23 local companies
  • 40 local and international firms expand with WTCSD’s support
  • 165 total companies supported by EDC in 2022

Featured stories

New and renewing investors

  • JLL
  • ITJ
  • Junior Achievement
  • Lankford & Associates

See our current Monthly Report

Monthly Report – December 2022

The year has come and gone in a flash, but as always, we must take a moment to acknowledge all we accomplished with and through EDC’s 200 investors. On the heels of the pandemic and a return to ‘normal’ that will never feel quite normal again, EDC’s Top 10 in 2022 included a new board chair, board members, and increased commitments to the Inclusive Growth goals we set for 2030.

SEE OUR YEAR IN REVIEW → 

By the numbers

  • $14M Cal Competes Tax Credit secured by Element Biosciences with EDC’s help
  • 51,300 impressions via San Diego: Life. Changing.’s BIO ad campaign
  • 122K advanced manufacturing jobs in San Diego (2022)
  • $1.8B in VC funding raised by San Diego companies in Q3

Featured stories

New and renewing investors

  • Carrier Johnson + CULTURE
  • JLL
  • ITJ
  • Junior Achievement
  • Lankford & Associates

See our current Monthly Report

Monthly Report – November 2022

The EDC team just recently moved into our new offices on the fourth floor of UC San Diego Park & Market in Downtown San Diego. And when you go through a big office move after being in the same place for more than a decade, you find a few reminders of what has made the work so important and special over the years…

More from our CEO → 

By the numbers

  • 6 full-time hires made following Advancing San Diego Internship Program
  • $27B annual life sciences cluster economic impact (2022)
  • 144K advancing manufacturing jobs in San Diego (2022)
  • 61K life sciences jobs in San Diego (2022)

Featured stories

New and renewing investors

  • Amazon
  • Longfellow Real Estate Partners
  • Ace Parking
  • Mitsubishi Motors
  • Layton Construction
  • Meyers Nave
  • PNC Bank
  • WD-40

See our current Monthly Report

Rady Children’s Hospital hires six FTEs following Advancing San Diego internship

Through Advancing San Diego’s internship program led by EDC, local healthcare provider Rady Children’s Hospital hosted six fully subsidized interns from top, local education programs, and went on to hire all as full-time employees.

CHALLENGE

San Diego’s healthcare providers face numerous challenges in attracting and retaining talent. Faced with a global pandemic, now more than ever healthcare providers are seeing higher-than-average turnover rates for essential roles like medical assistants. Additionally, many companies have fewer connections to top, preferred providers of healthcare talent in the region.

This is where Advancing San Diego (ASD) was able to help.

SOLUTION

Made possible by JPMorgan Chase, Advancing San Diego is a demand-driven strategy to address talent shortages and remove barriers for small and not-for profit companies to access qualified workers through a variety of services including its internship program. After a competitive application process, Rady Children’s Hospital was selected to host six paid ASD healthcare interns from top Preferred Provider training programs, at no cost.

ASD provided a competitive wage and stipend, as well as access to a vetted pool of diverse medical assistants. Rady also had the opportunity to work with ASD’s staffing partner, Manpower San Diego, which administered the interview process, administrative HR tasks, payroll, and more.

RESULT

As a result of EDC’s ASD program, Rady was able to skip the challenges of talent sourcing and dive straight into building camaraderie with their new interns and the Preferred Provider programs in which they came from. At the close of the internship, Rady Children’s Hospital hired all six students full-time—opening a door of social mobility for underrepresented talent in essential roles.

The program also helped relieve budgetary constraints by saving Rady thousands in payroll, overhead, and talent sourcing expenses.


“Advancing San Diego has helped us tap into diverse talent highly-prepared for the clinical hours we require. EDC’s program helped us establish better relationships with local education programs and introduced us to six skilled medical assistants who we’re excited to bring on full-time.”

-Jenna Martin, Strategic Business Project Manager, Rady Children’s Hospital


 

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Monthly Report – October 2022

This month, EDC’s World Trade Center San Diego (WTCSD) and Mayor Todd Gloria led 29 of some of our region’s most influential and collaborative business, academic, political, and economic leaders on a Trade Mission to the Netherlands—carrying the San Diego banner in one of the world’s leading metros for innovation and circular urban development.

See EDC’s month in review below, made possible with and through our investors.

By the numbers

  • 29 delegates join WTCSD on Mayoral Trade Mission to the Netherlands
  • 12+ meetings/events across three-day trade mission
  • $267.7M gross regional product (Q3 2022)
  • $27B in GRP attributed to the tech sector

Featured stories

New and renewing investors

  • The Clay Company
  • CDC Small Business Finance
  • Stockdale Partners
  • MAAC
  • Curebound
  • Apple
  • City of Chula Vista
  • Homefed Corporation
  • Insulet
  • SeaWorld
  • Alexandria Real Estate Partners, Inc.
  • Booz Allen Hamilton
  • Gosite
  • IQHQ
  • La Mesa RV
  • Northrop Grumman
  • Taylor Guitars

See our current Monthly Report

Monthly Report – September 2022

From the opening of new academic buildings, to the announcements of new courses and programs, to the celebration of a new stadium—the successes and results of business and education partnerships are on full display across our region. 

See EDC’s month in review below, made possible with and through our investors.

By the numbers

  • 400+ professionals attended EDC’s Summer Bash
  • $1.8B in VC funding (Q2 2022)
  • $18.1M awarded to SDICCCA for pipeline development across counties
  • 3.2% unemployment rate (Q2 2022)

Featured stories

New and renewing investors

  • Carrier Johnson + CULTURE
  • City of Encinitas
  • City of Oceanside
  • Junior Achievement
  • Lankford & Associates
  • Point Loma Nazarene University
  • Port of San Diego
  • Red Door Interactive
  • The San Diego Foundation
  • San Diego Workforce Partnership
  • Sanford Burnham Prebys
  • TaylorMade
  • Visat

See our current Monthly Report