Good News of the Week – March 5, 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 March 5, 2021, here’s what we’re reading:

…and here are the events we’re (virtually) attending:

California Competes Tax Credits open March 8

Businesses growing in the state of California over the next five years, or considering leaving California: Apply by March 29 for a significant tax credit to offset your state income tax liability.

Awards are based on a number of factors, including:

  • Number of jobs created or retained in California
  • Capital investments in California over the next five years
  • Overall economic benefit to the state and its people
  • Commitment to remaining in California

Help My Business Apply


Additional resources:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Heather Dewis
Heather Dewis

Coordinator, Marketing

Good News of the Week – February 26, 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 February 26, 2021, here’s what we’re reading:

…and here are the events we’re (virtually) attending:

Advancing San Diego Company Spotlight: ALD Technical Solutions

Through Advancing San Diego, EDC provides San Diego-based small businesses with paid interns in high-demand fields. We sat down with Dr. Davoud Zamani, Technical Director at ALD Technical Solutions, to learn about the company’s experience hosting engineering interns. Read More


San Diego business resources:

Amidst everything happening in the world, we need a reminder that there’s plenty of ‘Good News’ to go around in San Diego. We have also compiled additional resources for businesses and individuals seeking additional guidance.

For businesses:

For individuals:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Heather Dewis
Heather Dewis

Coordinator, Marketing

Good News of the Week – February 19, 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 February 19, 2021, here’s what we’re reading:

…and here are the events we’re (virtually) attending:

Meet the Advancing San Diego companies hosting business interns

Through Advancing San Diego, EDC provides San Diego-based small businesses with paid interns in high-demand fields. Now, we’re excited to announce the 15 companies and non-profits selected to host business interns starting this spring. Meet the Companies


San Diego business resources:

Amidst everything happening in the world, we need a reminder that there’s plenty of ‘Good News’ to go around in San Diego. We have also compiled additional resources for businesses and individuals seeking additional guidance.

For businesses:

For individuals:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Heather Dewis
Heather Dewis

Coordinator, Marketing

Good News of the Week – February 12, 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 February 12, 2021, here’s what we’re reading:

…and here are the events we’re (virtually) attending:

Resources and relief for manufacturers

Our region is home to a vibrant manufacturing cluster that spans across many industries, from defense to craft brewing. EDC has partnered with California Manufacturing Technology Consulting to help San Diego regional manufacturers identify and connect to key resources and relief.

Get Specialized Assistance


San Diego business resources:

Amidst everything happening in the world, we need a reminder that there’s plenty of ‘Good News’ to go around in San Diego. We have also compiled additional resources for businesses and individuals seeking additional guidance.

For businesses:

For individuals:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Heather Dewis
Heather Dewis

Coordinator, Marketing

Good News of the Week – February 5, 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 February 5, 2021, here’s what we’re reading:

…and here are the events we’re (virtually) attending:

EDC study: Big buyers can shop local to support more inclusive economy

According to EDC’s latest study, 14 large regional employers surveyed spend more than $9.9 billion each year on a range of goods and services, but only about $247 million of this reported spend can be traced back to San Diego’s small and diverse businesses.

In case you missed it, EDC recently convened regional industry leaders from SDG&E, NAVFAC Southwest, and Kaiser Permanente San Diego to discuss their efforts to redirect purchasing toward local, small, and diverse businesses.

Watch the Discussion


San Diego business resources:

Amidst everything happening in the world, we need a reminder that there’s plenty of ‘Good News’ to go around in San Diego. We have also compiled additional resources for businesses and individuals seeking additional guidance.

For businesses:

For individuals:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Heather Dewis
Heather Dewis

Coordinator, Marketing

Good News of the Week – January 29, 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 January 29, 2021, here’s what we’re reading:

…and here are the events we’re (virtually) attending:

Advancing San Diego software internship program leads to full-time positions

Small tech companies in San Diego often face barriers connecting with and hiring local talent. Through Advancing San Diego’s internship program, software companies Perspectium, Deckard Technologies, and WithHealth received fully subsidized interns from top, local education programs. And best of all: they hired five interns as full-time employees.

Learn More


San Diego business resources:

Amidst everything happening in the world, we need a reminder that there’s plenty of ‘Good News’ to go around in San Diego. We have also compiled additional resources for businesses and individuals seeking additional guidance.

For businesses:

For individuals:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Heather Dewis
Heather Dewis

Coordinator, Marketing

Good News of the Week – January 22, 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 January 22, 2021, here’s what we’re reading:

…and here are the events we’re (virtually) attending:

San Diego’s Economic Pulse: January 2021

This edition of San Diego’s Economic Pulse covers December 2020 and reflects some effects of the pandemic on the labor market. In December 2020:

  • San Diego lost 5,300 jobs—atypical during the holiday season.
  • The unemployment rate jumped to 8.0 percent, up from 6.6 percent in November.
  • San Diego’s “K-shaped” recovery will exacerbate longstanding structural problems in the economy, making the case for an inclusive growth strategy even stronger.

Explore the Interactive Report


San Diego business resources:

Amidst everything happening in the world, we need a reminder that there’s plenty of ‘Good News’ to go around in San Diego. We have also compiled additional resources for businesses and individuals seeking additional guidance.

For businesses:

For individuals:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Heather Dewis
Heather Dewis

Coordinator, Marketing

Good News of the Week – January 15, 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 January 15, 2021, here’s what we’re reading:

…and here are the events we’re (virtually) attending:

Innovation companies: Share your insights

EDC is surveying San Diego’s tech and life sciences companies to better understand regional talent needs and help inform our San Diego: Life. Changing. campaign into 2021 and beyond. Kindly take a few minutes to share your thoughts and help us strengthen San Diego’s talent pipeline.

Complete the Survey


San Diego business resources:

Amidst everything happening in the world, we need a reminder that there’s plenty of ‘Good News’ to go around in San Diego. We have also compiled additional resources for businesses and individuals seeking additional guidance.

For businesses:

For individuals:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Heather Dewis
Heather Dewis

Coordinator, Marketing

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 January 8, 2021, here’s what we’re reading:

…and here are the events we’re (virtually) attending:

COVID-19 assistance for small businesses

From California’s COVID Relief Grant Program to PPP updates, EDC has outlined seven new and ongoing resources available to small businesses navigating the impacts of COVID-19. Reach out to EDC for assistance finding and applying to these programs, free of charge.

Find Resources and Assistance


San Diego business resources:

Amidst everything happening in the world, we need a reminder that there’s plenty of ‘Good News’ to go around in San Diego. We have also compiled additional resources for businesses and individuals seeking additional guidance.

For businesses:

For individuals:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Heather Dewis
Heather Dewis

Coordinator, Marketing

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 companies, and make the world a better place.

Read on for the silver linings of 2020, all made possible by the region we call home. Here’s to continued collaboration, resilience, and inclusion in 2021.

-Team EDC

COVID-19 spurs life sciences innovation with global impact

At the onset of the pandemic, we saw our local biotechnology and research communities collaborate to create rapid testing, develop new treatments, and contribute to scientific efforts aimed at bringing a vaccine to the world. Here are just a few of this year’s breakthroughs with a San Diego stamp on them:

  • Pfizer develops COVID-19 vaccine with 95 percent efficacy rate
  • FDA approves first COVID-19 drug from Oceanside’s Gilead Sciences
  • Thermo Fisher Scientific ships first COVID-19 tests
  • BD wins FDA approval of 15-minute, hand-held COVID-19 test
  • Sanford Burnham Prebys wins $10M to test broad-spectrum antivirals to combat COVID-19
  • Vista’s Cue Health wins $481M to expand COVID-19 test manufacturing, adds jobs
  • FDA grants Quidel emergency-use status for first COVID-19 antigen test
  • Inovio gets $71M for COVID-19 vaccine device

Companies find creative solutions to crisis

Some COVID-19 inspired innovation isn’t so obvious. This year, from safe attractions to hand sanitizer, we saw San Diego companies big and small answer the call to innovate:

San Diego makes major strides in research and innovation

Beyond COVID-19, San Diego’s tech and life sciences companies continued to make waves in a diversity of industries, from oncology to aerospace to artificial intelligence (AI):

San Diego stays strong in defense with major contracts

In 2020, an estimated 25 percent of San Diego’s gross regional product was a result of military spending, and we saw key regional players score major contracts:

Venture capital skyrockets, yields big rewards

Venture capital into the region skyrocketed this year, as San Diego companies responded to the challenges of the pandemic. In Q2 and Q3 alone, local life sciences and healthcare companies pulled in $1.4B in new investment—75 percent of all funding. Some of San Diego’s standout startups and raises include:

  • GoSite raises $56M total to help small businesses go online
  • Software unicorn Seismic raises $92M
  • Lytx receives new investment, earns unicorn status
  • Escient Pharmaceuticals raises $77.5M to target proteins with therapeutic potential
  • Flock Freight raises $113.5M to pool truck freight shipments
  • Newly relocated from the Bay Area, ClickUp raises $135M, earns unicorn status

San Diego earns the numbers to back it up

From heavyweights to fast-growing startups, our local companies, talented workforce, and innovative industries remained at the forefront of growth and innovation. We even have the numbers to prove it:

  • San Diego ranks no. 3 in U.S. for life sciences
  • Qualcomm, LunaPBC make Fast Co.’s 2020 ‘Most Innovative Company’ lists
  • San Diego is one of five cities accounting for 90 percent of tech jobs
  • Taylor Guitars sees record sales, renewed interest in guitars
  • Innovative Commercial Environments, Scientist.com join 112 local companies on Inc. 5000
  • Chula Vista ranks as top city for integrating immigrants in the U.S.

Airport, regional companies foster continued connection

This year, we’ve learned that staying connected is key. Whether helping small businesses adapt to remote work or adding critical flights from San Diego, we saw regional players work hard to keep us safely connected to resources, opportunities, and each other:

San Diego makes the region—and the world—a better place

Making the world a better place is no small feat. These are just a fraction of the many ways regional teams made us prouder than ever to be San Diegans:

EDC’S OWN GOOD NEWS

Our Top 20 in 2020

Between a global pandemic, a racial justice reckoning, and an ever-contentious political landscape, this year had nobody ‘seeing 2020’. And yet, here we are—turning the page into the new year, with many of the same problems of 2020, but with greater resilience, forward thinking, and commitment to inclusion.

With and through our nearly 200 investors, EDC is proud to have directly helped nearly 500 San Diego businesses through crisis and recovery. Read our top 20 of 2020.

GET INVOLVED