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The Big Picture San Diego Blog


Big Picture San Diego Blog

December 13, 2018

Apple has announced it will be planting roots in San Diego, solidifying what we already knew about our region: San Diego is an innovative tech hub, home to some of the best and brightest talent in the world. While we're not a headquarters town, we continue to see an influx of local expansions from some of the world's largest companies. San Diego Regional EDC's official statement below:

“Joining an influx of other large tech firms like Amazon, Google and Teradata, Apple is setting up a significant operation in San Diego to take advantage of the region’s STEM talent. We look forward to building a stronger working relationship with Apple to help them grow and succeed in this already thriving tech hub.” Mark Cafferty, president & CEO, San Diego Regional EDC

December 12, 2018

Together in 2018

EDC put San Diego on the global stage; made the case for inclusion as an economic imperative; and helped catalyze company growth here and abroad. Watch our full story below.

With and through EDC's investors and partners, we will continue to build a thriving and inclusive San Diego. Here's to another year, in it together.

December 5, 2018

Saving the best for last, project management software company Wrike celebrated the opening of three office locations worldwide: Melbourne, Dublin, and San Diego. The celebration took place back-to-back over the course of just 16 hours, in what the company called a #WrikeRelay.

Named among Deloitte's 500 Fastest Growing Companies in North America, Wrike has grown from 300 employees in 2015 to 700 today (and hiring), serving customers across 130 companies. 

This marks Wrike’s third location in San Diego. The first San Diego office opened in February 2016 with the company well on its way to meeting its goal of creating 150 jobs in three years. The new office in UTC will accommodate the increasing number of sales and customer success roles that make up the bulk of its local team. Wrike has grown its customer base in North America by 362 percent and its total annual recurring revenue in the region by 287 percent over the last three years. 

“The collaborative work management market has really taken off in the last few years as a variety of trends from digital transformation to the rise of the remote workforce and the consumerization of IT all converged,” said Wrike Senior Director of North American Sales Alex German. “It has been exciting to witness firsthand as high-growth companies have discovered how Wrike could help them increase productivity, improve collaboration, and create new revenue opportunities. Moving into this new space will give us the room we need to expand our team and continue driving exponential growth for the company.”

November 29, 2018

San Diego is home to more than 350 precision health companies that hold 3,610 patents, according to a study released by yours truly: San Diego Regional EDC.  “San Diego's Precision Health Ecosystem” explores the impact of the region’s precision health cluster and quantifies the number of firms, venture capital and patents, as well the broader cluster across California.

The web-based study – precisionhealthSD.org – includes a historic timeline, cluster map, local and state overviews, and a series of video testimonials from local business leaders.

Large local companies like Illumina and Thermo Fisher Scientific, startups and small businesses like CureMatch, LunaDNA, and EpicentRX, as well as hospitals and research institutes are helping lead the charge in precision health and enabling people to live longer, healthier lives.

Using a person’s unique genes, medical history, and environment, the field of precision health seeks to customize effective therapies and disease treatment. More than genomics and pharmaceuticals, precision health also encompasses a wide range of related fields that allow for the collection, storage, analysis, and use of health data for more precise diagnosis of individual conditions and risk factors.

“From personalized cancer vaccines to record-breaking DNA sequencing of newborns, San Diego companies and research institutes are revolutionizing healthcare as we know it,” said Kirby Brady, research director, San Diego Regional EDC. “Consistently ranked among the top five cities for startups and life sciences, as well as the #1 region for genomics patents in the U.S., San Diego brings more to the table than its beaches – we are changing lives and curing disease from the offices and labs throughout the region.”

KEY FINDINGS

  • San Diego precision health companies secured $1.3 billion in venture capital in 2018, to date.
  • San Diego precision health companies hold 825 registered trademarks, and 3,610 patents.
  • San Diego is home to more than 350 precision health companies, 80 research institutions, 30 hospitals, and five universities.
  • Economic impact of precision health in California (2017):
    • 29,000 direct jobs
    • 99,000 total impacted jobs
    • $17 billion direct economic impact

Precision Health: Why San Diego from San Diego Regional EDC on Vimeo.

The report was produced by San Diego Regional EDC, and sponsored by Alexandria Real Estate Equities, Inc., CBRE, Kaiser Permanente, PricewaterhouseCoopers and Scripps Research.

Read the full study at precisionhealthSD.org, or the print version hereFor more research from San Diego Regional EDC, visit sandiegobusiness.org/research-center.

November 16, 2018

Each month the California Employment Development Department (EDD) releases employment data for the prior month. This edition of San Diego's Economic Pulse covers October 2018. Check out EDC's research bureau for more data & stats about San Diego's economy. 

October highlights:

  • The region’s unemployment rate was 3.3 percent in October, up from a revised 3.2 percent in September, and below the year-ago estimate of 3.6 percent.
  • San Diego’s unemployment rate remains below both the state rate of 4.0 percent and the national rate of 3.5 percent.
  • The labor force grew by 9,100 workers during the month and is now up 25,300 compared to a year ago.
  • Total nonfarm employment is up 10,700 in October and up 26,000 over the year.
  • The largest employment gain over the year occurred in professional and business services, which added 16,400 jobs. Professional, scientific, and technical services were responsible for 60 percent of the increase – up 9,700 jobs.


November 13, 2018

During World Trade Center San Diego’s Trade Mission to Tokyo and Yokohoma, Japan,  Scientist.com, the world's leading marketplace for outsourced scientific services, announced it will expand to Japan, opening an office in Tokyo.

“Scientist.com has recently created enterprise marketplaces for several Japanese pharmaceutical companies,” stated Dan Kagan, PhD, Scientist.com’s Chief Operating Officer. “WTC San Diego’s trade mission will help Scientist.com continue its rapid expansion into the Asian-Pacific region.”
 
The San Diego-based ecommerce marketplace will open an office at the Nihonbashi Life Sciences building, where UC San Diego and other major life sciences companies also house international offices. Scientist.com has recently seen growth in its Japanese clientele; it currently operates marketplaces for several large Japanese pharmaceutical companies.
 
Japan is the third largest economy in the world and a hub for scientific research and exploration. It is also a top-five export market for San Diego goods and services.
 
Scientist.com has more than 70 employees worldwide. In addition to its San Diego headquarters, it also has offices in the UK and Boston. The Japanese expansion announcement comes on the heels of several accolades recognizing Scientist.com’s growth. In August 2018 Scientist.com was ranked #9 on the Inc. 5000 list of fasting-growing privately owned companies in the US.
 
Scientist.com is joining a San Diego delegation of local politicians, industry executives and academic leaders. The company is also one of twenty San Diego companies awarded a $10,000 grant as part of WTC San Diego’s MetroConnect program, a comprehensive export assistance program designed to help local companies accelerate their global growth.
November 12, 2018

In an effort to create a connection between vital economic trading partners, U.S. Congressman Scott Peters (CA-52) and World Trade Center San Diego, an affiliate of San Diego Regional EDC, are leading a delegation to Tokyo and Yokohama, Japan. During the trade mission, local companies and organizations will promote key San Diego industries, establish and develop business relationships and explore opportunities for San Diego companies to tap into Japan’s expertise in urban planning and life sciences.

“In today’s global economy, San Diego’s success depends on fostering international relationships that bring investment and jobs to our region,” said Rep. Scott Peters (CA-52). “Japan shares our commitment to life sciences and our startup culture, creating opportunities for collaboration every day. Strengthening our partnership will foster innovation and economic growth in both our regions.”                                                

Japan is currently the third largest economy in the world, and one of San Diego’s most vital trading partners. According to World Trade Center Los Angeles, nearly 12,000 San Diegans are directly employed by Japan-based companies including SONY, Takeda and more. Additionally, there was more than $3.4 billion in economic activity between San Diego and Japan from 2016 -2018.

“Ever since the launch of Japan Airlines' direct service from San Diego, we have seen an influx in foreign investment from the Japanese market,” said Nikia Clarke, executive director of World Trade Center San Diego and vice president of economic development at San Diego Regional EDC. “As the rhetoric around global engagement shifts, now, more than ever, it is essential that we reinforce San Diego’s brand so it is top of mind for investors and companies.”

Over the three day trade mission, San Diego will look to bolster its tech and life sciences industries through various meetings and partnership deals with Japanese counterparts. Some crucial agenda items include:

  • An announcement from a San Diego-based biotech startup that is expanding to Tokyo.
  • A ‘trends in venture capital forum’ with Qualcomm, Yahoo! Japan and others at Plug and Play, the world’s largest technology accelerator.
  • A celebration of more than 60 years of a “Sister City” relationship with Yokohama, Japan.
  • An immersive visit to Takeda’s Shonan Health Innovation Park, one of the first collaborative academic and private sector research centers in Japan.
  • Panels and programming surrounding best practices and ideas exchanges on climate change with Scripps Institute of Oceanography as well as leadership and gender equity.

Delegates will participate in upwards of 15 meetings over the course of the trade mission, sharing best practices and formulating collaborations across many verticals. The 31-San Diego delegates include representatives from Northrop Grumman, Qualcomm Takeda California and more.  Also in attendance are key San Diego agencies, universities and civic organizations such as the Port of San Diego, San Diego County Regional Airport Authority, San Diego State University, Scripps Institute of Oceanography, UC San Diego and more.

Additionally, many small businesses and startups, including FoxFury Lighting Solutions, Planck Aerosystems and Scientist.com, will have the opportunity to engage in business development opportunities with Japanese counterparts.

As Tokyo looks to modernize infrastructure and grapples with key issues ahead of the 2020 Olympics, San Diego leaders have the unique opportunity to learn from counterparts across the globe, while also maintaining ties that create jobs and boost the regional economy.

At a time of mounting global uncertainty, World Trade Center San Diego conducts periodic trade missions to drive long term relationships for San Diego’s economy. In 2017, World Trade Center San Diego and Congressman Peters led a trade mission to London, which enabled startup Forge Therapeutics to double its headcount in San Diego and expand to a new facility.

This trade mission is organized by World Trade Center San Diego, an affiliate of the San Diego Regional EDC.

Follow along during the trade mission: #SDinJapan.

November 1, 2018
Today as part of its local expansion, software startup Cloudbeds unveiled its new San Diego headquarters alongside Congressmember Scott Peters and San Diego Regional EDC. Reflective of its company culture and of the region’s innovative technology cluster, the company’s newly expanded office space is vibrant – chock-full of art, a game room, outdoor working space and picnic area, and a 12-foot willow tree and turf in its common area.
 
Founded in 2012 by native San Diegans and UC San Diego Rady School of Management MBA graduates Adam Harris and Richard Castle, the company creates cloud-based hospitality management software and employs nearly 25 in San Diego, with plans for further growth.
 
“We’re extremely proud of the team across the world for making our growth so far possible, and we plan to continue in a much bigger way,” said Adam Harris, CEO at Cloudbeds. “We plan to have grown by 50 percent globally over our current size at the end of 2019.”
 
Some of that growth will be focused in San Diego. Cloudbeds is currently looking to fill technical positions to support the continued development of its hospitality software. Additionally, Cloudbeds was recently selected to take part in MetroConnect 2018, an export assistance program run by World Trade Center San Diego (WTC) – an affiliate of San Diego Regional EDC – and designed to help San Diego companies accelerate their global growth. Over the next year, Cloudbeds will work directly with WTC and EDC to expand into more global markets – specifically targeting India and Southeast Asia. The company currently supports 200 jobs across 28 countries.
 
“We’re thrilled Cloudbeds is expanding in San Diego. Its new headquarters is truly reflective of the region’s tech ecosystem – creative, innovative and collaborative," said Nikia Clarke, VP of Economic Development, San Diego Regional EDC. "As part of our MetroConnect program, EDC and WTC San Diego look forward to supporting Cloudbeds’ continued growth here and abroad.”
 
“Congratulations to Cloudbeds – a product of San Diego innovation that started right here at UCSD’s Rady School of Management. Their new headquarters fits right in with our top technology sector and thriving hospitality sector,” said Congressman Peters. “I’m proud to support growing startups, like Cloudbeds, that are changing the way we approach business solutions and I look forward to celebrating their success.”

 
October 25, 2018

Today, the Federal Aviation Administration, City of Chula Vista, City of San Diego, San Diego Regional EDC and Cape announced the launch of a test program to deploy drones for proactive public safety operations by the Chula Vista Police Department. This project has been made possible through the FAA’s Unmanned Aerial Systems Integrated Pilot Program (IPP).

As part of the IPP, drones equipped with Cape Aerial Telepresence software will be deployed to a scene within two minutes from Chula Vista Police Department headquarters, to provide police with video and decision quality data. In true #SDlifechanging fashion, these drones will serve as first responders, assisting in incidents such as life safety, crime in progress, fleeing subjects, fire and more. The drone program is an element of the Chula Vista Smart City Action Plan to implement technology and data tools to enhance city services, advance public safety, promote the efficient use of taxpayer dollars, engage residents, and encourage growth in the local economy. Simulation below:

San Diego region among first to deploy drones as first respondesers from San Diego on Vimeo.

Since CVPD began operations on October 22, a drone has been deployed 29 times.  About 30 percent of those calls were related to some type of disturbance and about 17 percent of the time, drone pilots were able to clear a call without ground units responding (e.g., the subjects were gone), thereby keeping officers free for higher priority calls. The drone also was used to locate a felony domestic violence suspect in a transient camp surrounded by heavy vegetation. The drone pilot was able to safely direct officers to the camp while observing the suspect’s actions until he was arrested. The drone was also successfully used to locate and direct officers to arrest subjects on two other disturbance calls. These are just a few of the early successes of CVPD’s UAS pilot program. Drone pilots and patrol officers recognize the potential for even more public safety benefits as the program evolves.

San Diego’s IPP local program also will include projects like flying medical specimens from UC San Diego for expedited results and cost savings, testing food delivery from restaurants to consumers using Uber, and testing the integration and communication between driverless cars and unmanned aircraft systems.

The City of San Diego’s Homeland Security Department is collaborating with more than 20 regional organizations to implement the IPP. In addition to EDC, partners include: City of Chula Vista, Cape, AirMap, Qualcomm, AT&T, California Governor’s Military Council, California Governor’s Office of Business and Economic Development (GoBiz), Uber, UC San Diego Health, Intel, GE Ventures, and others.

The San Diego regional IPP is one of only 10 agencies nationwide chosen to participate, including the states of Kansas, Virginia, Alaska and North Dakota and the cities of Reno and Memphis. The San Diego region also was selected as one of 10 autonomous vehicle testing sites in the nation in 2017. The designated testing sites form a national community that share information and collaborate with the private sector to advance the safe development of unmanned vehicles.

The federal Unmanned Aircraft System (UAS) Integration Pilot Program (IPP) is an opportunity for state, local, and tribal governments to partner with private sector entities, such as UAS operators or manufacturers, to accelerate safe UAS integration. The Program is expected to foster a meaningful dialogue on the balance between local and national interests related to UAS integration and provide actionable information to the USDOT and FAA on expanded and universal integration of UAS into the National Airspace System.

For more information on the drone program, visit www.sandiego.gov/ohs/unmanned-aircraft-systems.

 

October 18, 2018

Today, WTC San Diego and Congressman Scott Peters visited current MetroConnect company LRAD Corporation to tour its new, expanded facility in Rancho Bernardo. The new space will support LRAD as it doubles its workforce and fulfills an $11 million U.S. Army order for acoustic hailing devices – its largest contract on record.

Another example of an #SDlifechanging company: LRAD creates long range acoustic hailing devices, mass notification, and messaging systems that enable users to clearly communicate warnings and instructions, resolve uncertain situations, and enhance safety.

And LRAD is taking its life-saving technology global. After a competitive process, WTC San Diego recently announced that LRAD is one of 20 local companies participating in our export accelerator program, MetroConnect. Over the next year, WTC will work closely with LRAD to help the company increase its export potential in European markets.

The company has seen extensive growth over the last decade, with a presence in 72 countries. This is a testament to the impact of LRAD’s mass notification technology – which is not only applicable to defense, law enforcement and public safety, homeland and border security agencies, but also helps with critical infrastructure protection, fire rescue, and much more all around the world.

Despite national rhetoric, data shows companies that are global pay higher wages, increase productivity in the domestic market, are less likely to go out of business, and spur more efficient R&D here at home. And now more than ever, it's important that we step up to support local companies in sharing their life-changing innovation with the rest of the world.

Congratulations to LRAD, not just on its growth here at home, but its success abroad. Here's to more to come.