Monthly Report – September 2024

In an op-ed published by San Diego Business Journal on the heels of the Navy Gold Coast Expo, EDC’s Jennie Brooks and Eduardo Velasquez stressed the importance of procurement from San Diego’s small and diverse businesses. Boasting the largest concentration of military assets in the world, the region has an incredible and important opportunity to tap local small businesses not only to support military interests, but also to drive inclusive economic growth. Booz Allen Hamilton is one local example; the DOD contractor increased its local spend with small businesses to more than $50 million in 2023, up 24 percent from 2022.

Hear more from Jennie and Eduardo…

By the numbers

  • 1.5M jobs in San Diego as of Q2 2024
  • 60% of Venture Capital went to Life Sciences startups in Q2
  • $1B in VC funding in Q2
  • 350+ Attended 2024 Summer Bash

Featured case study

Featured stories

New and renewing investors

  • Arcadis
  • BCG
  • City of Vista
  • Commute with Enterprise
  • Dexcom
  • DPR Construction
  • Founders First Capital Partners LLC
  • Gafcon
  • General Dynamics NASSCO
  • Gensler
  • Illumina
  • Intesa
  • Junior Achievement
  • Kilroy Realty Corporation
  • Point Loma Nazarene University
  • ResMed
  • San Diego Community Power
  • San Diego County Water Authority
  • San Diego Foundation
  • Pacific Sotheby’s International Realty, San Diego
  • Enterprise Bank & Trust
  • Tootris
  • Neology

See our current monthly report

Monthly Report – August 2024

EDC investors, partners, and colleagues:

How would it feel if all your employees truly loved their job at your company? What if your entire team was dedicated to your company’s mission, vision, culture, and values?

These questions formed the foundation of a wonderful and impactful discussion that a small group of our EDC board members and investors got to have with retired WD-40 CEO Garry Ridge last month. A discussion that most of us are still talking about.

While our EDC board and executive committee do not meet in the month of August, we hope to see many of you at our Summer Bash on August 22 for an inspiring keynote form Vividion Therapeutics President and CEO Aleksandra Rizo, local drinks and bites, live music, and more than 350 innovators like you.

Hear more from Mark…

By the numbers

  • 350 attendees expected at Aug 22 Summer Bash
  • 50 Verified Program attendees at Advancing SD’s AI workshop
  • 40 attendees at Culture Workshop with Garry Ridge
  • $6B annual economic impact of San Diego’s RNA cluster

Featured case study

Featured stories

New and renewing investors

  • Biomed Realty
  • Burger Construction
  • City of Carlsbad
  • Evans Hotels
  • HomeStreet Bank
  • Lowe Enterprises
  • Otay Cross border Terminal (CBX)
  • San Diego Zoo
  • San Diego State University
  • Pacific Western Bank/Banc of CA

See our current monthly report

Monthly Report – July 2024

Summer always marks some fun, exciting, and impactful moments for San Diego’s community and economy. As we focus on the continued advancement of a regional economic development agenda where inclusion is a cornerstone and economic imperative, we need to continuously reassess and re-evaluate what inclusion (and our related actions) truly means.

Hear more in Mark’s monthly note…

By the numbers

  • 800+ attend EDC’s Annual Dinner
  • 19.5K+ attendees at BIO International Convention
  • 66K Life Sciences jobs in San Diego County
  • 32% of Life Sciences jobs in manufacturing

Featured case study

Featured stories

New and renewing investors

  • Apple
  • Arup
  • BAE Systems
  • Carrier Johnson
  • City of Escondido
  • CSU San Marcos
  • Curebound
  • Excelerate
  • Junior Achievement
  • Kaiser Permanente
  • Neighborhood House Association
  • Qualcomm
  • San Diego Housing Commission
  • San Diego Padres
  • Snake Oil Cocktail Co
  • Snell & Wilmer
  • University of San Diego
  • Wells Fargo

See our current monthly report

Monthly Report – June 2024

It has been nine years since EDC hosted its first Inclusive Growth Leadership Trip to Nashville, Tennessee. This May, a cross-sector delegation of business, government, and civic leaders headed to San Jose, a strategic peer metro facing the same challenges and opportunities as the San Diego region. Over two and a half days, our delegation learned and shared best practices in inclusive growth.

By the numbers

  • 35 delegates join EDC’s Inclusive Growth Leadership Trip
  • 61% of local jobs are within small business
  • 43% of small businesses expect to expand workforce (2024 EDC Study)
  • 55% of small businesses face talent acquisition challenges (2024 EDC Study)

Featured case study

Featured stories

New and renewing investors

  • Aya Healthcare
  • COX
  • Excelerate
  • MAAC
  • Strategic Communications
  • Southwest
  • Wester Alliance Bank

See our current Monthly Report

Monthly Report – May 2024

Whether partnering with Apprenti to create diverse talent pipelines or with Samsung Semiconductor to celebrate its new sales offices, EDC’s month in review is made possible with and through our investors and partners.

By the numbers

  • 40.6K San Diegans employed in advanced manufacturing companies
  • 92% Apprenti apprentices from underserved communities
  • 30% Cost savings in sourcing & training thru apprenticeships
  • 10% Growth rate in San Diego’s GRP (2021 & 2022)

Featured case study

Featured stories

New and renewing investors

  • Bank of America
  • BD
  • Cultura
  • Deloitte
  • Eli Lilly
  • Marsh McLennan
  • National CORE
  • Paul Plevin Quarles
  • Procopio
  • San Diego Airport Authority
  • San Diego/Imperial County Community College Association
  • Solar Turbines
  • TOOTRiS
  • Unibail-Rodamco-Westfield
  • YMCA

See our current Monthly Report

Monthly Report – April 2024

For more than a decade, EDC has presented awards at our Annual Dinner to recognize an individual who goes ‘above and beyond’ their day job to help make San Diego a better place and a business or institution changing the world from San Diego. This year, EDC is proud to present the individual award to one of the most highly decorated Naval officers to call San Diego home (retired) Vice Admiral Jim Zortman and the business award to legendary San Diego company Solar Turbines.

Join us on June 18 at Petco Park to honor this year’s awardees.

Hear more from Mark → 

By the numbers

  • 36 Companies supported by EDC in Q1
  • 1.7K Jobs supported through EDC’s core economic development work in Q1
  • 125 Companies to host fully funded summer interns
  • 60% of EDC-hosted webinar attendees join Cascade Energy’s program

Featured case study

Featured stories

New and renewing investors

  • Carrier Johnson
  • Cascade Entergy
  • Chevron
  • Clark Construction
  • General Atomics
  • HG Fenton
  • LBA Realty
  • Lifeline
  • Rady Children’s Hospital
  • SANDAG
  • Scripps Health
  • SDG&E
  • Sharp Healthcare
  • Sudberry Properties

See our current Monthly Report

Monthly Report – March 2024

From launching MetroConnect VII to supporting local companies with California Competes Tax Credit applications, see below for EDC’s month in review made possible with and through our investors and partners.

By the numbers

  • 15 Companies named to MetroConnect VII
  • 92% Local exports fueled by SMEs
  • 95 MetroConnect alumni since 2015
  • $86.3M In tax credits won by EDC-supported applicants

Featured stories

New and renewing investors

  • Amazon
  • Equus Workforce Solutions
  • McKinsey & Associates
  • Otay Mesa Energy Center
  • SBCS
  • San Diego FC
  • Sytran

See our current Monthly Report

Monthly Report – February 2024

After another year filled with uncertainty and the seemingly ever long tail of pandemic-related disruptions, we enter 2024 with a whole host of questions—some new, some recurring.

What lies ahead is both a familiar challenge and a new opportunity for inclusive growth and our region is ready to get to work.

MORE FROM Edc’s Sr. director → 

By the numbers

  • $950M Clean tech federal funding received (2023)
  • 23.4K New San Diego jobs created (2023)
  • 10M+ Sq. ft. vacant office space in San Diego (2023)
  • 5.2K+ Unique job posting listing AI skills (2023)

Featured stories

New and renewing investors

  • Alexandria Real Estate Equities
  • BD
  • Junior Achievement
  • Lankford & Associates
  • San Diego State University
  • Grifols

See our current Monthly Report

Monthly Report – January 2024

Each month, more than 60 EDC board members from across San Diego’s industries committed to the future of the region have created space to connect, collaborate, partner, and assess our progress toward these goals.

Reflecting on our past year, it’s clear that we must continue to work together, in our different ways, to ensure a resilient and competitive San Diego for employers and residents alike.

MORE FROM Jennie brooks, edc board chair → 

By the numbers

  • 19,490 total jobs supported BY EDC IN 2023
  • 117 companies supported by EDC in 2023
  • 22 SMEs expand exports with WTCSD support in 2023
  • 150+ EDC investors

Featured stories

New and renewing investors

  • CBX Cross Border Terminal
  • City of Oceanside
  • ITJ
  • Junior Achievement
  • Longfellow Real Estate Partners
  • Momentus Capital
  • Sanford Burnham Prebys Institute for Medical Discovery
  • San Diego Workforce Partnership

See our current Monthly Report

Monthly Report – December 2023

Smart economic development is inclusive economic development. That’s why for more than six years, EDC’s programs and priorities have been rooted in growing the region’s quality jobs, skilled talent, and thriving households critical to San Diego’s competitiveness. Scroll below to see the work in our monthly report, or check out the whole year at:

EDC’s YEAR IN REVIEW → 

By the numbers

  • 150+ Attendees at Reaching Tomorrow’s Talent event
  • 30 Newly Verified Programs announced
  • 31k Students from Verified Programs
  • 16 Different institutions host programs

Featured stories

New and renewing investors

  • Ace Parking
  • Booz Allen Hamilton
  • Bristol Myers Squibb
  • Cajon Valley School District
  • Cubic Corp
  • Federal Reserve
  • Gafcon
  • Insulet
  • Junior Achievement
  • Layton Construction
  • Meyers Nave
  • Port of San Diego
  • Taylormade Golf
  • WD40

See our current Monthly Report