Tag: EDC wins

Monthly Report – August 2022

By Candela Delucchi,

In the throes of planning our first international trade mission since 2019, signing a new lease and moving into UC San Diego’s Park & Market space, and continued work against our 2030 Inclusive Growth goals, Team EDC is busier than ever.

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

By the numbers

  • 19 HR professionals attended ASD Talent Workshop Series
  • 16 investors hosted at investor lunch
  • 200+ tickets sold to Summer Bash
  • 11K media impressions garnered for Red Door Interactive

Featured stories

New and renewing investors

  • JLL
  • Options for all
  • City of San Diego
  • County of San Diego
  • San Diego Housing Commission
  • Illumina
  • Lowe Enterprises
  • San Diego State University
  • San Diego Wildlife Alliance
  • ASML
  • City of Carlsbad
  • The Gildred Companies

See our current Monthly Report

Monthly Report – May 2022

By Kaylee Hudson,

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

By the numbers

  • 900 attendees expected at Annual Dinner
  • 7% increase in lab space asking rates in Q1 2022
  • 4 life sciences companies in MetroConnect VI
  • 18.8% year-ago increase in median home price

Featured stories

New and renewing investors

  • Bristol Meyers Squibb
  • CalPrivate Bank
  • Chevron
  • City of Escondido
  • Neighborhood House Association
  • Paul, Plevin, Sullivan & Connaughton LLP
  • San Diego Community Power
  • San Diego County Water Authority

See our current Monthly Report

Monthly Report – April 2022

By Kaylee Hudson,

A note on progress from OUR Senior Director

In 2018, EDC and a steering committee of the region’s largest employers determined that for our region to continue to grow and remain competitive, by 2030, San Diego will need:

  • 50,000 quality jobs in small businesses,
  • 20,000 skilled workers per year, and
  • 75,000 newly thriving households.

However, to do so, inclusion needs to be our focus. To achieve these goals, we must invest in and support the segments of our community that have been historically and systemically excluded from growth and prosperity—not simply because it’s the right thing to do, but because it’s an economic imperative.

Read EDUARDO’s full update

By the numbers

  • 40 regional leaders convened for EDC retreat
  • 4% unemployment rate in San Diego County
  • 16.5K San Diego payroll positions added in Jan, Feb
  • 20% increase in pre-pandemic employment in Scientific R&D

Featured stories

New and renewing investors

  • Breakthrough Properties
  • Bridgewest Group
  • CBRE
  • Cisterra Development
  • City of San Marcos
  • Colliers International
  • Cushman & Wakefield
  • Jacobs Center for Neighborhood Innovation
  • JPMorgan Chase & Co.
  • Kaiser Permanente
  • LBA Realty
  • MAAC
  • Marsh Mclennan
  • National CORE
  • Rady Children’s Hospital San Diego
  • ResCare
  • San Diego International Airport
  • Scripps
  • Soral Turbines

See our current Monthly Report

Monthly Report – March 2022

By Kaylee Hudson,

A note from OUR COO

EDC’s team, investors, and partners do our best work when we are together; this reflects our values of collaboration and inclusion and is core to our mission. But it’s been a minute…

While we safely begin to gather again, we recognize many things are different. Whether you have trepidation about returning to in-person gatherings or are eager to get from behind the Zoom screen, EDC will meet you where you’re at—offering opportunities for both interactions in the months and year ahead. Hearing from and being with our investors and partners in either setting is essential.

Read Lauree’s full update

By the numbers

  • $2.6 billion in VC funding raised in Q4 2021
  • 2.75M square feet of demand for lab space
  • 15 MetroConnect VI companies
  • 5 designated ‘Preferred Providers’ of life sciences talent

Featured stories

New and renewing investors

  • Amazon
  • Bank of America
  • H.G. Fenton Company
  • Jerome’s
  • JLL
  • SBCS

See our current Monthly Report

Monthly Report – February 2022

By Kaylee Hudson,

A note from Bree Burris

The long talked about ‘war for talent’ is more competitive than ever, with established firms upending whole hiring systems to meet the demands of today’s applicants—and still, not getting enough. You are not alone; this is not a one-company problem. In our countless conversations with HR leaders and executives, it’s clear firms across industries and size are struggling to fill their open positions (EDC included).

In a survey of 200 local businesses, hiring difficulty reached a new high in December. That same month, local San Diego employers posted more than 158,000 unique jobs—nearly half of which were new positions and predominantly in STEM. And yet, there are just 61,000 people currently unemployed in the region.

Read more from Bree

Featured Stories

See our current Monthly Report

Monthly Report – January 2022

By Kaylee Hudson,

A note from Dr. clarke

Like we do every year, our team spent the last few months of 2021 working with EDC’s executive committee, board, and investors to establish annual goals that are informed by current economic realities, led by employers, and have measurable outcomes that contribute to prosperity and competitiveness across the binational region. As San Diego emerges from a global pandemic to an economy full of contradictions—strong job growth, eye-watering VC numbers, and massive capital investment as well as widespread labor shortages, small business closures, and housing prices almost 30 percent higher than 2019—it is abundantly clear that smart economic development is inclusive economic development.

In 2021, EDC reframed our organizational goals around these fundamental building blocks of a strong economy—quality jobs, skilled talent, and thriving households—and committed to working with and through our investors to accelerate progress towards the Inclusive Growth goals.

Read more from Nikia and see EDC’s 2022 goals…

Featured Stories

See our current Monthly Report here.

Advancing San Diego, employers identify highest regional talent needs

By San Diego Regional EDC,

Now in its sixth round, Advancing San Diego (ASD) addresses skilled talent shortages and increases diversity in high-growth, high-demand jobs. A program of EDC and key community partners, ASD leads employer collaboratives that recognize local training programs most effectively preparing San Diegans for quality jobs; pairing students of those programs with local employers for paid internships; and strengthening community partnerships to power San Diego’s talent pipeline of tomorrow. 

To help students build meaningful careers in local, high-demand jobs in key industries, ASD welcomed its Business and Manufacturing cohorts this year, pairing 48 student interns with 25 small companies, of which 19 were woman-, person of color-, veteran-, or disabled-owned. All of the 48 student interns were considered priority students, meaning they identified with a historically under-resourced population, are a first generation or community college student, or currently live or went to high school in a low income neighborhood of San Diego. 

ASD is currently convening employers from the Healthcare industry and has recognized seven programs as Preferred Providers for their work in training Medical Assistants. Students from those programs will be placed in internships beginning in early 2022. See the full network of Preferred Providers here. 

Advancing San Diego by the numbers, 2021

48

student interns placed

25

small companies paired with high-demand talent

99

job applications submitted on Career Exploration Day

A core part of this work includes direct collaboration with industry. ASD convened six working groups made up of industry leaders from San Diego companies including Northrop Grumman, Rady Children’s Hospital, and Takeda, among others, who together shared the most-needed roles in their firms by sector. Each of their findings were summarized in the talent demand reports below:

These reports serve to inform curriculum for universities and education programs to develop our regional talent pipeline.

Learn more and get involved here, or contact us!

Taylor Dunne
Taylor Dunne

Director, Talent Initiatives


Monthly Report – December 2021

By Kaylee Hudson,

A note from Mark Cafferty

The last year has certainly been interesting. Depending on who we are and where we sit, it may have seemed like a curse, a blessing, or anything in between. But without a doubt, it will all be behind us in a few weeks as we usher in the new year—full of new opportunities and new possibilities.

At some point in the years ahead, we will all look back on 2021 (and 2020 that in many ways is bundled in) and relive its ups and downs—its starts and stops. We’ll remember where we were and who we shared this year with. Beyond my closest friends and family, I will remember sharing this year with all of you, on screen or otherwise. And as we look back, the joys, successes, hardships, losses, opportunities, and challenges will likely have new perspective and clarity that only time can provide. But unmistakably—in the moment—I want to express my sincere gratitude for all of it, and for all of you.

Read more from Mark…

By the Numbers

  • $25K MetroConnect grand prize awarded to Blue Sky Network
  • 54.1 San Diego Business Recovery Index
  • 5.3% unemployment rate in San Diego
  • 99 job applications submitted to local firms at Career Exploration Day

Featured Stories

New and Renewing Investors

  • Ace Parking
  • Gensler
  • The Gildred Companies
  • GoSite
  • Mitsubishi Motors
  • Taylor Guitars

See our current Monthly Report here.

Monthly Report – November 2021

By Kaylee Hudson,

A note from Mark Cafferty

As my mind continues to focus on the health of our community and our economy, I find so many of my conversations centering on the work of San Diego’s Life Sciences industry. Long an anchor of our region’s innovation economy, the Science and Biotech sectors are taking center stage in more ways than ever before—leading in vaccination and testing innovation, and in inbound financial investment and commercial real estate demand.

With all of this swirling around us, it is no surprise that a great deal of EDC’s work continues to focus on the growth and support of the skilled workers and quality jobs that power San Diego’s Life Sciences industry.

Read more from Mark…

By the Numbers

  • 950 Life Sciences companies call San Diego home
  • 2.2 additional jobs are created for every job in Life Sciences
  • 5.6% unemployment in San Diego
  • 4 MetroConnect V finalists

Featured Stories

New and Renewing Investors

  • Alexandria Real Estate Equities
  • AT&T
  • Booz Allen Hamilton
  • Chevron
  • City of Chula Vista
  • HomeFed Corporation
  • Intesa Communications Group
  • National University
  • Northrop Grumman
  • Stockdale Capital Partners
  • Suffolk Construction
  • University of San Diego
  • Viasat
  • Walmart
  • WD-40

See our current Monthly Report here.

Monthly Report – October 2021

By San Diego Regional EDC,

A note from Mark Cafferty

Just as we kickoff the final quarter of 2021, British Airways (BA) will resume its nonstop service between San Diego and London Heathrow. The flight that took our region’s global economic connectivity to a whole new level is finally back.

Ten years ago, the BA flight set off a new focus within our region on the role that direct, nonstop service to international markets could play in growing our economy through foreign direct investment and global trade. It was the catalyst for our Japan Airlines flight to Tokyo, our Lufthansa flight to Frankfurt, and continued strategies to expand our global reach and connectivity.

The flight also played a key role in the rebuilding of our region’s World Trade Center. We learned quickly that trade-related jobs were the kind of quality jobs we were hoping to create for more San Diegans, and that engagement with international markets could have a significant and positive impact on our region’s diverse small business community. The return of the BA flight is one important step in getting our economy back to full strength.

Read Mark’s full update

By the Numbers

  • 7 newly designated Preferred Providers of Healthcare talent
  • 13% of regional jobs are in Healthcare
  • $790K in MetroConnect export assistance grants awarded to date
  • 19M sqft of available office space in the region

Featured Stories

New and Renewing Investors

  • ASML
  • City of Encinitas
  • City of Oceanside
  • Kilroy Realty
  • Kyocera
  • Manpower
  • Port of San Diego
  • The San Diego Foundation
  • San Diego Workforce Partnership
  • Sanford Burnham Prebys Medical Discovery Institute
  • Sony
  • Systran
  • TaylorMade
  • The Clay Company
  • Marine Group Boat Works

See our current Monthly Report here.