Tag: Meet our board

A note from Mark: Summer in San Diego

By Mark Cafferty,

Another special San Diego summer

EDC investors, board members, and partners,

No matter what may be happening in the world around us, almost any day of the summer months in San Diego might lead you to believe that everything is perfect. And while we all know that perfection is largely unattainable, what is undeniable is that it (once again) feels like a very special summer in San Diego.

From the moment Pride flags are raised throughout our neighborhoods, and the San Diego Convention Center begins its heroic transformation into host, setting, and backdrop for Comic-Con International, the city’s streets truly come to life in July. Over the last 55 years, Comic-Con has grown to become a beloved international brand within the entertainment industry while remaining an anchor event for San Diego’s tourism engine. Meanwhile, San Diego’s Pride Parade/Week continues to attract more than 300,000 attendees and remains the largest annual civic event in the City of San Diego.

As August begins, we have seen San Diego nonprofit Curebound once again raise millions of dollars in its effort to “end cancer in our lifetimes” through its (growing) Curebound Cancer Challenge. Originally known as Padres Pedal the Cause, the event moved from its exciting venue at Petco Park to its new home on the scenic Torrey Pines Mesa. This past weekend, EDC team members joined tens of thousands of cyclists, walkers, and fundraisers as they made their way past the campuses of the very institutions responsible for the scientific research and breakthroughs that are keeping San Diego at the forefront of this global fight.

And whether the remainder of the summer sees you tuning in to the Padres pennant race, attending a concert with the San Diego Symphony at the Rady Shell, or enjoying time on San Diego’s 70+ miles of beaches and coastline, we hope that the warm days and nights ahead remain (near) perfect and special for you, your business, your friends, and your family.

We hope to see you soon at our:

  • Summer Bash on August 14 for a night of networking with more than 300 innovators, live music, delicious bites and drinks, and a short keynote from Kate Therapeutics’ Kevin Forrest, in conversation with LYZZ Capital’s Court Turner.
  • Inclusive Growth Roundtable on August 20 for a progress update on our region’s Quality Jobs Goal, and a roundtable discussion on equipping small businesses to compete.

With respect and admiration,
Mark

Mark Cafferty
Mark Cafferty

President & CEO

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EDC celebrates 60th anniversary, welcomes Padres’ Tom Seidler as board chair

By Bree Burris,

As San Diego Regional EDC celebrates 60 years since its founding in 1965 and continues to drive an inclusive economic development strategy for the region, outgoing Board Chair Jennie Brooks passes the gavel to Tom Seidler, Executive Vice President, Community & International Impact of the San Diego Padres.

“It was my brother Peter who first asked me to represent the Padres on the EDC board.

Tom and late brother Peter Seidler, ownership of the San Diego Padres

I am honored to take on this new role and work even more closely with EDC’s team. Our mission is to drive greater inclusion, innovation, and growth across San Diego in order to better elevate our people, businesses, and identity on the global stage,” said Tom Seidler, Executive Vice President, Community & International Impact of the San Diego Padres. The Padres, which employs more than 1,200 San Diegans, have become a consistent playoff contender and top-three team in attendance over the past several years.

While San Diego faces new pressures at the local, state, and federal level, and while residents and businesses are continually challenged by the affordability crisis, the goalposts outlined in the Inclusive Growth Initiative are more important than ever. It is an economic imperative that the region create more skilled talent, quality jobs, and thriving households, or San Diego’s competitiveness is at risk.

“I am proud to pass the gavel to my colleague and friend Tom Seidler in this milestone year,“ said outgoing Chair Jennie Brooks, Executive Vice President at Booz Allen Hamilton, who served a three-year term which saw EDC’s largest headcount and budget during a time of post-pandemic economic recovery. “EDC’s employer-led, data-driven approach makes crystal clear the needs of the economy and the onus of the business community in making a difference. I know Tom will continue this important work and set us on the right path for EDC’s next 60 years.”

As Chair, Seidler is supported by five officers: Vice Chair Kevin Pegels, Head of Global Quality & Operations, Illumina; Vice Chair Karen Reinhardt, Head of HR, US, ASML; Vice Chair of Inclusive Growth Lisette Islas, CEO, Lifeline Community Services; Treasurer Manuel Rodriguez, Market President, San Diego Commercial Banking, U.S. Bank; and Secretary Jane Finley, Senior Vice President & Area Manager, Kaiser Permanente.

Along with the election of a new chair, EDC’s board also elected five new directors: Tyler Carter, Park President, SeaWorld San Diego; Brunson Howard, Market Leader & Senior Managing Director, CBRE; Richard Neale, Corporate Executive Vice President, Chief Business Development & Growth Officer, Scripps Health; Jennette Shay, COO, Price Philanthropies Foundation; and Dan Skopec, Senior Vice President & CRO, San Diego Gas & Electric.

EDC is a membership-based nonprofit organization that mobilizes government and civic leaders around an inclusive economic development strategy in order to connect data to decision making, maximize regional prosperity, enhance global competitiveness and position San Diego effectively for investment and talent. The organization’s more than 150 investors (members) range from rising stars like NOVO Brazil Brewing Co., to the region’s largest employers like Qualcomm and Illumina, to leading anchor institutions such as universities, hospitals, and sports franchises, among others.

“As a beloved San Diego leader, Tom is perfectly positioned to lead EDC in this unique moment in time. Notably, he has moved through each EDC officer role, serving as past secretary, treasurer, and vice chair,” said Mark Cafferty, President & CEO, San Diego Regional EDC. “With a national climate as challenging as this, Tom’s humility, leadership, and deep understanding of San Diego’s strengths and opportunities are exactly what the organization needs as we strive to make San Diego a model for the nation and the world.”

EDC officially welcomed Tom Seidler as Board Chair at its Annual Dinner event at Petco Park on Thursday, May 15.

Learn more & get involved

A note from our Talent Initiatives Director

By Taylor Dunne,

Education & how business can fill the gap left by government funding

In the past five months, we have seen our education systems face cuts that threaten our most vulnerable communities. To help contextualize their impact, here’s what we know about the current state of education funding for our region:

  • The Governor is proposing a 7.95 percent cut to the CSU and UC systems. This equates to $128 million in cuts to San Diego alone and makes up nearly 40 percent of all state budget reductions.
  • The House Education and Workforce Committee has proposed $351 billion in budget cuts, including adjusted requirements for Pell Grant eligibility that would impact more than 125,000 students in the CSU system alone.
  • Federal agency research funding faces significant threats. This funding accounts for more than half of total research awards in the UC system, which produced 78 startups in FY23 alone.
  • The state continues to cut funding to the California Strong Workforce Program, impacting its ability to support career education. These cuts could reduce access to direct workforce training and supportive services, limiting opportunities for both students and workers.

Now more than ever, we are challenged to come together, discuss, and ideate. As San Diego emerges from the shock and chaos this year’s headlines have already caused, let’s pause to think about the opportunity ahead of us.

What is not news is that many of our systems, in their current forms, often struggle to serve the individuals and communities that need them most. While we know higher education to be an effective vehicle for socio-economic mobility, we continue to see a positive correlation between income and the test scores that determine college eligibility. Proposed reductions to Pell Grant availability, especially impacting individuals that must work full-time to make ends meet, will exacerbate these issues and make educational attainment even more challenging for low-income individuals.

In order to meet business needs for our future workforce and ensure all San Diegans have an opportunity to succeed—two goals that inextricably go hand in hand—we need creative and cross-functional solutions. Where the government divests, enterprise must invest to ensure its most critical asset, its people, remain available and prepared.

San Diego Regional EDC will continue to serve as a convener for the region, bringing the right people to the table for collaborative solutions. With changes in technology, an ever-increasing cost of living, and significant shifts in skills needs, EDC will advocate for a less linear and more intertwined relationship between industry and education. This comes in the form of:

  1. frequent exposure to the World of Work through experienceships and company tours;
  2. internships, like those available through Advancing San Diego and the K-16 Collaborative;
  3. and skills-first hiring practices like those available through apprenticeship models and advocated for by Opportunity @ Work.

EDC will also continue to explore new and innovative ways for businesses to help fill gaps, such as company-supported ScholarShare 529 plans or loan forgiveness programs for upskilling education.

Join us on May 21 for our Q2 Inclusive Growth Roundtable to learn more about this work and see how you can get involved. This small lunchtime event aims to bring together investors and partners engaged in the Inclusive Growth Initiative—especially the talent goal—to discuss where we stand as a region on doubling the number of skilled workers with just five years left in our timeline. If you are interested in joining that lunch, drop us a line!

Thank you,

Taylor Dunne
Taylor Dunne

Director, Talent Initiatives

A note from Mark

By Mark Cafferty,

Keep the “Good News” coming

EDC investors, board members, and partners,

I hope this message finds you well. While the news and the constant barrage of information surrounding us these days can feel a bit heavy and negative, I want to remind you all that for the last 13 years, the EDC team has been putting out “Good News of the Week” every Friday to make sure San Diegans end the week on the highest possible note. We always do our best to filter through everything we can to find news of businesses expanding and growing, universities receiving new accolades and funding, non-profit partners improving the community while improving the economy, and other milestone achievements advancing San Diego’s regional and global competitiveness.

Still, we would love to hear more milestones in innovation, collaboration, creativity, integrity, and inspiration that are found in all corners of our county and our binational region. Consider this my invitation and reminder to submit your own Good News and make sure we don’t miss out on elevating your stories.

In the spirit of sharing “Good News”, the incomparable Sir Elton John is coming back to Petco Park to perform at Curebound’s Concert for Cures on Friday, May 9. As we heard from EDC Investor and Curebound CEO Anne Marbarger in our January EDC Board Meeting, the nonprofit raises money for grants that support San Diego’s top research institutions in the fight against cancer. Join Lauree, me, and the broader San Diego business community as we help raise critical funds for cancer research, and officially say farewell to Sir Elton John. Explore Curebound’s Concert for Cures table and ticket information, or contact Anne directly at anne@curebound.org.

So again—keep the “Good News” coming. I can assure you there is not a week that goes by where someone in this community (or even outside of this community) doesn’t remind me of how uplifting it is to read about your collective successes, breakthroughs, wins, and moments worth celebrating.

Thank you as always for your leadership and support, and for continuing to make San Diego the unique and amazing place that it is.

With respect and admiration,
Mark

Mark Cafferty
Mark Cafferty

President & CEO

Read EDC’s monthly report

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A note from Mark…

By Mark Cafferty,

Celebrating 60 years & our honorees

EDC investors, partners, and colleagues:

Each year when we give out awards at our Annual Dinner, I think of the two people who inspired them—Duane Roth and Herb Klein. And while we now call them our “Life. Changing.” Awards in alignment with our regional branding and communications efforts, I am reminded again that both Duane and Herb changed many lives. Mine included.

This year marks EDC’s 60th Anniversary. And while our Annual Dinner is always a big event that means a great deal to our team and the broader economic development community we work with and through, this year it feels like it means even more.

Part of what makes it more significant for me is thinking about how perfectly our award winners represent both the spirit of our work, and all that is truly special about the region we call home. As we celebrate six decades of economic development, we are really celebrating the people and the businesses who have paved the way and made this journey possible.

The first award is given to an individual who has gone above and beyond the responsibilities of their job to make San Diego a better place for all. Perhaps no person embodies this description more than Dr. Constance Carroll. Dr. Carroll served as the chancellor for San Diego Community College District for 17 years—the longest tenure of any chancellor in district history. She has served on countless local, state, national, and international boards and committees for both education and the arts. Dr. Carroll played a critical role in raising the profile of community colleges in the eyes of business and industry leaders throughout the region, and she is responsible for establishing and expanding the offerings of four-year bachelor’s degrees within the community college system. She has also done as much to advance the causes of economic equity and inclusion as any San Diegan I can think of.

The second award celebrates a business or organization that is changing the world from San Diego through science, technology, and innovation. Again, few organizations better embody this description than General Atomics (GA). A home-grown San Diego success story, GA has been a cornerstone of San Diego’s innovation economy since 1955. From aerospace and defense to electronics and energy, GA has become a global leader all while maintaining its headquarters in the heart of the Torrey Pines Mesa. GA boasts one of the region’s most talented and diverse workforces, and has significant education and workforce development partnerships with all of the region’s colleges, universities, and community colleges. GA co-owner and vice chairman Linden Blue has served on EDC’s board of directors for more than 25 years and was an executive committee member for more than a decade. GA’s impact exactly emulates the Life. Changing. Award.

So, during an iconic year for our organization, we are hoping that you can join us in recognizing the contributions of an iconic leader and company, and the ‘Life. Changing.’ roles they have played within our region.

Please join us May 15 at EDC’s Annual Dinner.

With gratitude,

Mark Cafferty
Mark Cafferty

President & CEO

Read EDC’s monthly report

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Small, localized commitments mean huge economic impacts in San Diego

By Eduardo Velasquez and Jennie Brooks,

Op-ed originally published by San Diego Business Journal

Authored by Eduardo Velasquez, Sr. Research & Economic Development Director at San Diego Regional EDC, and Jennie Brooks, EDC Board Chair and Executive Vice President at Booz Allen Hamilton

Hosted in San Diego last month, the Department of the Navy Gold Coast Small Business Exposition brings together hundreds of government and defense contracting leaders to talk all things DOD procurement. Self-proclaimed as the big business event for small businesses, Navy Gold Coast serves to ‘leverage small business capabilities to seize opportunities for strengthening national security.’

Boasting the largest concentration of military assets in the world, San Diego has an incredible and important opportunity to tap our region’s small businesses not only to support military interests, but also to drive inclusive economic growth across the region.

As we track toward our region’s 2030 Inclusive Growth goals, it is imperative that our economic development strategies prioritize small businesses, which represent more than 98 percent of all local businesses and employ 59 percent of San Diego’s workforce. They are not just contributors to the local economy; they support jobs for 807,540 San Diegans across industries. But they are challenged to remain competitive. Small businesses pay on average 38 percent less than their large business counterparts, and in 2023, under one-third (or 244,794) of small business jobs were considered quality jobs—those paying $46,846 plus healthcare benefits. Not to mention the challenge small businesses face in succession planning, accessing capital, and generally staying afloat in one of the most costly regions in the country.

Together, San Diego’s large employers can have enormous impacts on our region’s small business community. In fact, a 2021 EDC study found that anchor institutions—such as universities and hospitals, as well as utilities, local government, and even sports teams—that are physically bound to the region collectively purchase tens of billions of dollars in goods and services every year. Yet, it is estimated that local anchors spend about one-quarter of all procurement dollars on suppliers from outside the region, with a fraction going to small and minority-owned businesses. EDC found that if anchors shifted just one percent to local, small, or diverse suppliers, San Diego would see millions of dollars in economic impact and thousands of jobs.

Booz Allen Hamilton has been committed to partnering with small and diverse suppliers across the San Diego region. In 2023, the firm’s local spend in the San Diego area with small businesses was more than $50 million, a 24 percent increase from 2022. We’re also inspired by San Diego Gas & Electric, the County of San Diego, and others making measured and meaningful commitments to support our region’s small and diverse businesses.

So, what can you do? To maximize their collective economic development impact, we need three key things from the region’s anchors.

First, we need consistency and coordination, both in terms of definitions and processes, to increase accessibility. Every institution tracks its spending differently, and each has its own requirements and processes for bidding out contracts. A consistent set of definitions and even some coordination in bidding processes will not only facilitate tracking and collective goal setting, but also increase access to a new pool of potential vendors and suppliers.

Second, leadership and resourcing are needed to establish and meet procurement goals. It is important that both organizational leadership and procurement staff agree on the value of these goals, thus creating accountability, aligning incentives, and implementing change.

Last, anchors leverage their large prime contractors to meet procurement goals. Take construction for example: large projects are often sub-contracted out by prime contractors to smaller suppliers and vendors, and many anchors lack visibility into these sub-contractors. Engaging primes in anchors’ goal setting increases visibility and opportunity for smaller suppliers while also ensuring that prime contractors have the capacity to fulfill project deliverables.

With intentional and localized commitments, we can create an economy that benefits more San Diegans, grows more jobs, and helps small businesses become the Qualcomms, Dexcoms, and Booz Allen Hamiltons of the future.

Let Navy Gold Coast serve as a potent and timely reminder to prioritize small businesses and inclusion for the betterment of our economy.

To learn more and get involved, contact:

Eduardo Velasquez
Eduardo Velasquez

Sr. Director, Research & Economic Development

A note from Mark on EDC’s Annual Dinner

By Mark Cafferty,

Honoring Life. Changing. San Diegans

Dear EDC investors and partners,

I hope this message finds you all well and enjoying springtime in San Diego. As we speed through April, our entire team is turning its attention to our upcoming Annual Dinner.

As many of you know, for more than 20 years, San Diego Regional EDC has presented an award at our Annual Dinner that focuses on community and economic service and leadership. Originally called “The Spirit of San Diego Award,” this recognition was later changed in 2010 to honor the memory of Herb Klein—a truly wonderful San Diego leader who was noted for bringing people together to work on many of San Diego’s most challenging political and economic issues. More than anything, both iterations of this award were structured to recognize an individual who goes ‘above and beyond’ their day job to help make San Diego a better place, whether through philanthropy, volunteerism, vision, action, etc.

About nine years ago, EDC added a second award in memory of Duane Roth, another beloved San Diego leader and a tireless promoter of San Diego’s innovation economy. By contrast, this award would recognize a business or institution (not an individual) that was ‘changing the world from San Diego’ through technology, science, or innovation (think Qualcomm, the Salk Institute, Illumina, etc.). Duane was passionate about San Diego’s smart and life-changing companies and ideas, and this was EDC’s way of honoring his leadership, service, and memory.

Over the last few years, we have made efforts to ensure that the criteria for these awards are not only reflective of the leaders who inspired them, but of the changes in EDC’s work—with continued alignment to our core values of integrity, accountability, collaboration, and inclusion. The awards have now become known as our “Life. Changing. Awards,” an ode to our region’s brand identity and reflective of the EDC that businesses and individuals are investing in today. And if there were ever two words that could encapsulate the impact of Herb Klein and Duane Roth, those would certainly be them.

Meet our 2024 awardees

This year, our individual award will be given to (retired) Vice Admiral Jim Zortman. Admiral Zortman is one of the most highly decorated Naval officers to call San Diego home. He is the former Commanding Officer for Naval Air Forces, San Diego and Naval Air Forces, Pacific Fleet. He is also the retired Senior and Sector Vice President for Global Logistics and Operations Support for Northrop Grumman Aerospace Systems. While at Northrop Grumman, he led the effort to make San Diego the company’s ‘center for excellence’ for unmanned systems. Admiral Zortman also served on the Chairman’s Competitiveness Council—a group of senior business and university leaders who worked to carve out meaningful and independent directions and focus areas for EDC, the San Diego Regional Chamber of Commerce, and Connect. He served on EDC’s board of directors and executive committee for more than 10 years. From 2016-2018, Jim served as EDC’s board chair and made ‘economic inclusion’ his focus area and platform. Feeling he had been a part of meaningful and intentional efforts made by the U.S. military to strengthen and diversify its officer ranks, and by Northrop Grumman to increase the number of women and people of color within its engineering, technical, and executive workforce, Jim felt that EDC could be a powerful catalyst to establish inclusion as an economic imperative within the San Diego region. Since Jim’s time as chair, every new EDC board chair has continued to build off the foundation he established and has kept inclusion at the forefront of EDC’s goals and work, which now so many of you have committed to and engaged in with us.

We will be presenting this year’s business award to a legendary San Diego company—Solar Turbines.

Noorfadzreena Binti Mahmud, Field Service Supervisor and Eliza Porterfield, District Service Manager
At the Customer Experience Center in San Diego California

Solar Turbines designs and manufactures industrial gas turbines for onshore and offshore electrical power generation, for marine propulsion, and for producing, processing, and transporting natural gas and oil. Headquartered in San Diego for nearly a century, Solar Turbines has more than 8,000 employees in dozens of countries around the world, with the majority of them working in the San Diego region. For decades, the company has represented the best elements of our binational economy with substantial manufacturing operations in Tijuana/Northern Baja. Solar Turbines has been a constant partner and investor in workforce development and training programs throughout San Diego and Imperial Counties, and has one of the most dedicated and diverse workforces in our region. It is also important to note that the corporate leadership of Solar Turbines has chosen to remain in San Diego and California despite aggressive efforts by other states to lure them away.

As champions of our organizational core values, examples of what Duane Roth and Herb Klein stood for, and critical partners in building a stronger, more vibrant, and more inclusive region, we could not be prouder to recognize Admiral Jim Zortman and Solar Turbines with our 2024 Life. Changing. Awards. Hoping that you will all join us at Petco Park on June 18 to give them the celebration and thanks they deserve.

Learn more and buy your tickets at EDCannualdinner.com.

With continued thanks for your leadership and support—Mark

Mark Cafferty
Mark Cafferty

President & CEO

Read EDC’s Monthly Report

Special thanks to our award sponsors Boston Consulting Group, San Diego State University, and UC San Diego.

A note on the new year

By Jennie Brooks,

Dear EDC partners and investors,

Reflecting on our past year at San Diego Regional EDC, I turn to the conversations and moments I’ve been privileged to share with many of you across the San Diego community.

Each month, on a Wednesday morning overlooking the greens at Torrey Pines (or via Zoom screen), more than 60 board members from across San Diego’s industries—life sciences to defense, breweries to sports—have created space to connect, collaborate, partner, and assess our progress toward the region’s Inclusive Growth goals: 20K post-secondary completions annually, 75K newly thriving households, and 50K new quality jobs in small businesses by 2030. We know this is a marathon, not a sprint, and we’re in it for the long haul.

Our Board represents businesses born and grown here, new market entrants, large businesses with global reach, small, family-owned firms, nonprofits, academia, and anchor institutions in between. All of us have one thing in common: a commitment to the future of San Diego.

If we have learned anything about economic development over the years, it’s that we can neither stay the status quo nor stick to our swim lanes. We must work together, in our different ways, to ensure a resilient and competitive San Diego for employers and residents alike. In 2024, here’s how you can lean into this work with us:

  • While every company grapples with its post-pandemic approach to employee retention and return to office, participate in EDC’s study to understand your workforce’s needs
  • Support talent pipeline development and host summer interns in computing, engineering, or business—paid for through grant funding and sourced from San Diego’s Verified Programs
  • Support small businesses through procurement by joining the Anchor Institution Collaborative
  • Endorse the Inclusive Growth goals and adopt strategies to create more quality jobs, skilled talent, and thriving households in San Diego
  • Stay tuned for World Trade Center San Diego’s trade mission to draw regional investment and elevate San Diego’s global identity
  • Join 150 local companies and institutions in investing in EDC’s programs, research, and goals

The steps we take on this journey will be underpinned by EDC’s Research Bureau, market strategy, talent initiatives—and reliant on your investment—to help grow San Diego’s economy.

Join us in this work in 2024.

In gratitude,

Ms. Jennie Brooks
Ms. Jennie Brooks

EDC Board Immediate Past Chair

Executive Vice President

 

Read EDC’s Monthly Report

Halftime in San Diego

By Mark Cafferty,

A June note from Mark

When I began working at EDC, I saw a Super Bowl ad that caught my eye—both a car commercial and a moving pep talk in a post-recession era.

As the narrator spoke about “halftime in America” and the opportunity to make a comeback, images of businesses, communities, and people from across the country flashed across the screen. At the end, the narrator’s face came into view as he walked through a locker room tunnel of a packed stadium. You may remember that narrator was actor and director Clint Eastwood, and that his message carried optimism, hope, and resiliency at a critical turning point.

Later that year, to bring that halftime hope home, EDC made our own version with philanthropist and business icon Malin Burnham as our narrator (our Clint Eastwood). You can watch that clip from 2012 here.

And indeed, when we pause at the midpoint to recognize the progress made and refocus on the work still ahead, we are always better for it. This year should be no exception, as EDC recognizes:

  • Our region’s progress toward an inclusive and thriving San Diego at EDC’s Annual Dinner, where we honored Taylor Guitars and WD-40’s Garry Ridge in partnership with Point Loma Nazarene University and JPMorgan Chase & Co.
  • The local and global growth of San Diego small businesses through programs like MetroConnect, and World Trade Center San Diego’s nationally-recognized role in fueling this expansion.
  • AI-Machine Learning technology’s proliferation and job creation in San Diego’s key economic clusters, explored in our AI in San Diego report series with Booz Allen Hamilton.
  • Advancing San Diego’s work to strengthen San Diego’s defense talent pipeline, convening SDMAC and other partners to assess and support emerging shipbuilding needs.

Still, we have work to do—to analyze San Diego’s RNA and Cybersecurity clusters, to lead this fall’s trade mission to Korea with Mayor Gloria, to celebrate your innovation at our annual Summer Bash, and to continue driving inclusive growth.

It’s halftime, San Diego. And it’s with and through your continued leadership, collaboration, and contributions during the months ahead that we will continue to strengthen the region we’re proud to call home.

Mark Cafferty
Mark Cafferty

President & CEO

Read EDC’s Monthly Report

Honoring our 2023 San Diego Life Changing Awardees

By San Diego Regional EDC,

Each year, EDC’s Annual Dinner brings together nearly 900 of the region’s business and community leaders to celebrate our organization and region’s success, and to honor an individual and company whose work has promoted an inclusive and thriving San Diego.

Last night at Petco Park, and together with EDC Board Chair Jennie Brooks and Councilmember Raul Campillo, EDC and JPMorgan Chase & Co. were honored to present the 2023 San Diego Life Changing Awards to these household names, made right here in San Diego:

Taylor Guitars

Founded in El Cajon nearly 50 years ago, Taylor Guitars represents the best of what’s ‘Made in San Diego’—manufacturing some of the world’s best guitars for hobbyists and rock stars alike.

In January 2021, Taylor Guitars became the first reported multi-national company to transfer ownership to all of its employees through an Employee Stock Ownership Plan (ESOP). Rather than selling the company to another guitar company or outside investor, founders Bob Taylor and Kurt Listug felt the best way to position the company for future success was to entrust it to its 1,200-person workforce—domestic and international—who drive Taylor Guitars’ innovative culture, growth, and decades-long success.

For its steadfast commitment to inclusive growth, EDC is proud to recognize Taylor Guitars with one of the 2023 San Diego Life Changing awards presented by JPMorgan Chase & Co.

Garry Ridge

Garry Ridge is well known for his 35 years at the helm of WD-40 Company, but even more so for his philosophy and expertise in cultivating corporate culture. Leaning on Aristotle’s quote, “Pleasure in the job puts perfection in the work,” Garry has spent his career as a CEO, professor, author, and coach helping leaders create work environments, or ‘tribes,’ where people feel safe, fulfilled, happy, and guided by values.

For his commitment to uplifting and supporting San Diego talent even beyond the walls of local WD-40, EDC is proud to recognize Garry Ridge with one of the 2023 San Diego Life Changing awards presented by JPMorgan Chase & Co.

To those who could join us to celebrate, thank you. To those who couldn’t, we’ll see you next year!