San Diego launches new initiative to look inward to address regional talent shortages

Advancing San Diego

In an effort to provide residents with increased access to high-demand jobs, San Diego Regional EDC launched Advancing San Diego, a $3 million local investment initiative underwritten by JPMorgan Chase. The program will align industries with economic development, workforce development and education systems.

“Talented and skilled workers are integral for a strong economy,” said Mark Cafferty, president & CEO at San Diego Regional EDC. “With and through our program partners and stakeholders, we are establishing a first-of-its-kind, employer-led initiative that will measure and aggregate workforce needs while also indentifying solutions that align and strengthen our local education systems. We need to ensure that the benefits of our region’s growing innovation economy are reaching all San Diegans.”

Advancing San Diego will establish nine working groups that are designed to give employers a collective voice about talent needs in priority industries, ranging from software and technology to marketing, healthcare and more. In the first report, 17 participating employers expressed a projected need for more than 7,200 additional software-related positions over the next three years.

The Advancing San Diego initiative
In April 2019, San Diego was one of five cities to receive a $3 million investment as part of JPMorgan Chase’s AdvancingCities Challenge, an initiative to drive inclusive growth and create greater economic opportunity across the U.S. Advancing San Diego is a collaborative program by San Diego Regional Economic Development Corporation, the City of San Diego, San Diego Workforce Partnership, United Way of San Diego, and San Diego & Imperial Counties Community College Association (SDICCCA).

As San Diego’s economy continues to expand, employers are seeing an increased demand for skilled workers. While San Diego strives to attract and retain talent, it must also look inward to build a workforce that meets demands for current and future jobs. EDC and its Inclusive Growth Steering Committee of 40 employers have endorsed a regional goal to double the number of skilled workers produced in San Diego County to 20,000 per year by 2030. This requires strong, effective learning programs offered by community colleges and other education institutions.

The goals of Advancing San Diego are to:

  • Engage employers in a structured process to collectively communicate talent needs
  • Identify education programs that are aligned with industry needs
  • Increase the pool of diverse, skilled talent in San Diego
  • Expand access to talent pipelines for small companies

“By 2020, nearly two of every three jobs in the U.S. will require a credential or degree, and currently, 90 percent of our students remain in San Diego after graduation,” said Dr. Sunita “Sunny” Cooke, superintendent & president at MiraCosta Community College District. “Community colleges play a critical role in creating a diverse talent pipeline for the region. The Advancing San Diego program willhelp connect the work occurring within local community colleges to ensure we offer innovative curricula that support employer needs and include opportunities for students to apply their learning in workplace settings so graduates are ready for employment.”

Education systems that are aligned with results set forth by the working groups will be listed as ‘preferred providers’ by Advancing San Diego. This designation rewards higher education students with priority access to work-based learning and engagement opportunities via networking events, career and internship fairs, and local company tours. To learn more and become a ‘preferred provider,’ educators are encouraged to apply at advancingSD.org.

Additionally, businesses with fewer than 100 employees make up 98 percent of San Diego firms, and on average, are challenged to compete with larger employer wages. As part of EDC’s inclusive growth strategy, more than 35 employers (and counting) have endorsed a regional goal to create 50,000 new quality jobs within small businesses by 2030. To further engage small businesses, nearly half of the funding for Advancing San Diego will be used to subsidize internships within small businesses and offer additional services that support student success in the workplace.

“Start-ups like LunaPBC are rich with mission, purpose, and the opportunity for personal and professional growth,” said Dawn Barry, co-founder & president at LunaPBC. “Unlike large employers, startups are often lower on salary, but offer exciting equity and the opportunity to experience first-hand what it’s like to build an enterprise. When large employers work together with smaller employers, and pursue partnerships with incubators and accelerators, higher education and regional development teams, we strengthen our collective visiblity as a region for career development.”

Report: Demand for Software Talent and Criteria for ‘Preferred Providers’
Working group members were asked to provide hiring projections along with skills and competency requirements for critical jobs, in order to identify programs that align with industry needs. Collectively, these results were compiled into the Demand for Software Talent Report and will create a criteria for ‘preferred providers’ of software – a designation by employers that demonstrates an education program is providing adequate training for software engineers.

Companies that contributed to this report represent industries with the highest proportion of software talent in San Diego, including tech, life sciences, healthcare and defense. Based on the participation of 17 employers who collectively employ approximately 53,000 people and share a need for software talent, this report indicates the working group is projected to hire more than 7,220 additional software professionals over three years.

Additional key findings include:

  • Software engineers accounted for the highest future hiring demand among all software occupations in working group companies, making up 53 percent of total projections
  • Entry-level software engineers represent the highest hiring need of any position at any level
  • Collectively, the working group projects they will hire more than 1,700 entry-level software engineers over the next three years
  • Approximately 44 percent of working group employers require a bachelors degree for entry-level software engineers

Through the Advancing San Diego collaboration, San Diego strives to cultivate a more inclusive economy, as this initiative will look inward to address regional talent shortages and strengthen the relationship between employers and education systems.

For more information about the new Advancing San Diego initiative, future working groups, or to be listed as a ‘preferred provider, visit advancingSD.org. Follow along and join the conversation at #advancingSD.

View the full interactive web report—“San Diego’s Demand for Software Talent Report”—here.

Providing incentive consulting to Cubic Corporation

Cubic Corporation

Serving the defense and transportation industries, Cubic Corporation is a global company with clients on nearly every continent. The company has called Kearny Mesa home for 50 years, currently based in an aging set of buildings that have not kept pace with the company’s. Its facilities were divided onto two major campuses in the Kearny Mesa area, creating a lack of cohesion among its business units.

With competition for tech talent at an all-time high, Cubic’s leadership was concerned its outdated facilities would discourage potential hires. Cubic needed to modernize and redevelop its campus to help attract talent, while also providing adequate facilities for the next 50 years. Despite its long history as a San Diego company, Cubic was experiencing pressure to build its headquarters in a lower-cost state such Tennessee, Alabama, orFlorida, where Cubic had other growing operations. As a result, EDC worked hand-in-hand with Cubic’s team to secure the necessary incentives to keep San Diego a competitive option, despite pressure to relocate its facilities out-of-state.

Utilizing both state and local programs, EDC was able to leverage its expertise in incentives consulting in order to help this 50-year-old staple company stay in California. EDC developed a strategy to capture a number of incentive programs, which offset the cost of rebuilding its headquarters in San Diego. Additionally, EDC worked as an intermediary to both the City and State departments on behalf of cubic to ensure processes were staying on track and that the campus redevelopment was seen as a priority by all parties.

Cubic secured a CalCompetes Tax Credit worth $8.5 million. Locally, Cubic was able to secure expedited processes through the City of San Diego, in addition to a Business Incentive Program and Business Cooperation Program award. In total, the incentives and expedited processes provided gave Cubic the necessary offsets and timeline confidence to commit to redeveloping its Kearny Mesa headquarters, and keeping San Diego as its home for decades to follow.

ABOUT CUBIC CORPORATION: Cubic is an American public corporation providing diversified systems and services to the transportation and defense markets worldwide. Cubic Corporation is the parent company of three major divisions: Cubic Transportation Systems, Cubic Mission Solutions and Cubic Global Defense. cubic.com

Talent: Where San Diego Stands

Summary

Talent is the cornerstone of today’s global economy. It drives corporate location decisions, encourages innovative urban planning and inspired entrepreneurship. In essence, talent is the key to economic growth. If regions – such as San Diego – want to get ahead, they must have the worksforce to compete. This study looks at San Diego’s standing among peer U.S. metropolitan regions with regard to highly-skilled scientific, engineering, and tech talent. By analyzing its strengths and addressing challenges, San Diego can better improve its edge in attracting and retaining talent and investment.

READ THE FULL REPORT