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

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

Monthly Report – August 2022

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

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

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

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

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

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.