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The Big Picture San Diego Blog


WTC San Diego

June 5, 2017

San Diego knows how to build companies that the rest of the world values. Case in point: Last month, El-Cajon based Calbiotech, a diagnostics company, was acquired by EBRA Mannheim, a medical device manufacturer based in Mannheim, Germany.

In 2016, Calbiotech was part of MetroConnect, World Trade Center San Diego’s flagship export assistance program. As part of the 2016 cohort, Calbiotech received financial and programmatic resources to support their plans to expand internationally.

Calbiotech has a global footprint of more than 200 products, which are distributed to 60 countries worldwide. With the expansion announcement, Calbiotech will maintain its footprint in San Diego because of the access to key reference labs and other biotech customers throughout the region. It will also serve as ERBA’s hub and gateway to the Latin American market.

The company was referred to the MetroConnect program by Jo Marie Diamond, head of the San Diego East County Economic Development Council. “I’ve been working with Calbiotech for years,” said Diamond, “They are representative of everything positive about the San Diego economy – a focus on innovative products, a strong sense of commitment to the community, and an incredibly grounded and highly diverse team.

We’re excited to hear of Calbiotech’s next step and were very impressed with the company during their time in MetroConnect”, said Lauren Lindner, director of World Trade Center San Diego who oversees the MetroConnect Program. “Their team was incredibly savvy in their rollout to international markets, and we’re not surprised to see that a leader like ERBA took notice.”

San Diego, and specifically East County, have been an integral part of the Calbiotech success story,” said David Barka, Vice President. “San Diego is home to companies that are leading the world in innovation in science and medicine. Being in San Diego gave us access to an amazing talent pool that really helped our company grow.”

The acquisition will help Calbiotech increase access to markets across Europe and Asia add to EBRA’s extensive and far-ranging product portfolio.

M&A is an important growth strategy and capital source for San Diego companies. According to a 2016 EDC study, nearly 70 percent of San Diego’s capital in 2015 came through M&A.

Calbiotech’s acquisition mirrors the region’s strengthening ties with Germany, including the announcement of Condor’s new direct flight to Frankfurt, Germany, which began operation on Monday, May 1.

Financial details of the acquisition were not disclosed.

Applications for the MetroConnect 2017 round are now open. To apply, click here.

June 1, 2017
Calling all companies looking to go global...
 
MetroConnect, World Trade Center San Diego’s flagship export assistance program, is now accepting applications for its 2017 cohort. 
 
Made possible through a grant provided by JPMorgan Chase & Co., small to mid-sized companies in San Diego can apply for a $10,000 grant and programmatic services to assist with international expansion efforts.
 
Fifteen local companies will be selected. Apply now through June 30, 2017.
To date, the 30 companies that have gone through the MetroConnect program (2015-2016) have collectively generated $10.5 million in new export sales, signed more than 70 new contracts, added 50 new jobs to the region, set up nine new overseas facilities and seen three successful company exits.
 
Past participants include Calbiotech, Rough Draft Brewing, Deering Banjo Company, Cypher Genomics (now part of Human Longevity Inc.), ROBO 3D and more.
 
Learn more at metroconnectsd.org and apply here
 
 
May 11, 2017
This week, World Trade Center San Diego and UC San Diego’s School of Global Policy and Strategy (GPS) welcomed Alan Beebe, President of the American Chamber of Commerce in China, for the third and final Global Forum program of the year. The event was held in the Harbor View room at Tom Ham’s Lighthouse.
 
The presentation focused on the findings of the 2017 China Business Climate Survey Report, released by the American Chamber of Commerce. Alan Beebe provided insight on the obstacles American companies face in China today, and how these obstacles are leading to adjustments in strategy for the future. Following the presentation, Mr. Beebe was joined by Dr. Karl Gerth, Chinese Studies program director at UC San Diego for a moderated Q&A session.
 
Sponsored by Bank of America, the Global Forum initiative offers GPS’s high-profile, visiting scholars a chance to address the region’s local business community.
 
May 3, 2017

At 6pm on Monday, May 1, San Diego greeted Condor Airlines' first ever flight from Frankfurt, Germany. Condor begins seasonal, nonstop service between San Diego and Frankfurt with up to three flights weekly.
 
“Germany is one of San Diego’s most important foreign markets. By providing nonstop service to Frankfurt from San Diego, we’re opening new doors to global markets that will attract exports and lucrative foreign investment for the region,” said City of San Diego Mayor Kevin Faulconer.
 
As a key global partner to the San Diego region, Germany currently ranks fourth in terms of foreign employment (2015) and seventh in terms of total exports from San Diego (2013). 
 
Ringing in this new flight, more than 100 San Diego business and tourism officials joined WTC San Diego at Stone Brewing World Bistro & Gardens - Liberty Station for a kickoff event this Tuesday. Attendees included San Diego Mayor Kevin Faulconer; Jens Boyd, group head of long-haul, Condor Airlines; April Boling, board chairman, San Diego County Regional Airport Authority; Greg Koch, founder and Chairman, Stone Brewing; and Consul General Hans Jörg Neumann, Consulate General Germany Los Angeles. Stone Brewing Co is the only U.S. brewer to fully own and operate a brewery in Europe. 
 
Besides Frankfurt, the service will provide travelers with convenient one-stop access to European destinations such as Paris, Vienna, Prague, Venice, Berlin, Rome, Zagreb and many more.
 
This year, San Diego International Airport will double its intercontinental routes. In addition to its current service to Tokyo, London and the new route to Frankfurt, it will also add a new flight to Zurich, Switzerland later this year. 
 
April 14, 2017

This week, World Trade Center San Diego and UC San Diego's School of Global Policy and Strategy (GPS) hosted Former Italian Prime Minister Enrico Letta at the second Global Forum program of the year. Prime Minister Letta, currently dean of the Paris School of International Affairs at Sciences Po, addressed the causes of Brexit and the ensuing European Migration Crisis drawing from his experiences as head of state of an EU border country.
 
The presentation touched on the linkages between major world events leading up to now, the future of the EU in light of upcoming French and German elections and flashpoints to monitor should internal negotiations in the EU fail to deliver workable solutions. During the Q&A session following the keynote, Prime Minister Letta expanded on the bureaucratic process of Brexit negotiations and the effect a final deal would have on stakeholders in the global market.
 
Sponsored by Bank of America, the Global Forum series is a partnership between GPS and WTC San Diego to give high-profile visiting scholars at UC San Diego a chance to address the region's local business community. The third and final Global Forum of 2017 will take place on May 9. Alan Beebe, President of the American Chamber of Commerce in China, will present on the opportunities and challenges American businesses face in an increasingly competitive and complex Chinese market. Join us.
 
 
December 13, 2016

Connections: a simple word that takes on different meanings, but for EDC, it describes both what we do and how we do it. In 2016, we were all about connecting... Connecting companies to global markets. Connecting business to opportunities. And connecting with the people who make our economic development work possible.

EDC's impact:

  • 8,260 jobs impacted; 126 year-to-date projects
  • $3.4M in tax credits earned by local companies
  • 14 national media hits secured; 149M people reached
  • 15 SMEs accrued $6M in additional export sales; 42 new regional jobs
  • $1.6M DoD grant awarded to San Diego and local organizations
  • 9K students impacted by career development programming
  • Seven economic research reports released
  • And 160 investors and partners who make it all possible...

See the stories behind the numbers in our interactive review at EDCin2016.com.

"As we head into the new year, we know that we have even more to accomplish in connecting San Diego's economy to the world. As always, EDC is honored to do it with and through all of you." - Mark Cafferty, president & CEO

February 4, 2016
By Nikia Clarke, director of World Trade Center San Diego
 
Konichiwa from Osaka!
 
Given the deep linkages between our regions, it is fitting that the World Trade Center San Diego 2016 calendar of trade and investment activities begins with a targeted focus on Japan. Sean Barr sent his reflections from Tokyo last week, where he was supporting a UC San Diego Technology Symposium and representing our region at an international nanotechnology and robotics show.
 
And this week I am traveling across the country with SelectUSA, the federal government’s foreign investment attraction agency. Japan is the second largest source of foreign direct investment to the United States, and more than 800,000 Americans are employed by US subsidiaries of Japanese firms. San Diego is a microcosm of this larger relationship, with companies like Takeda, Kyocera, Ajinomoto, and Murata employing thousands of San Diegans.  
 
On Monday we kicked off the Roadshow in Tokyo with HE Caroline Kennedy, Ambassador to Japan; Ambassador Vinai Thummalapally, Select USA Executive Director; and Mr. Tatsuhiro Shindo, Executive Vice President of JETRO for the signing of an historic MOI. We then moved on to Nagoya and Osaka, meeting with groups of potential investors at each stop.  
 

Representatives from the head offices of Japanese companies that have made long term investments in our region joined me on the road. Their eagerness to support our efforts here and tell their own San Diego story to their peers is a testament to the deep ties between our two economies.
 
In Tokyo, Toshitake Kobayashi from Takeda Pharmaceuticals joined me to speak to the group of 200 potential investors about how collaboration between Takeda California and Takeda Japan drives innovation in drug discovery for the firm as a whole. This is why Takeda closed its Bay Area facility and consolidated operations in San Diego. Takeda is Asia’s largest drug manufacturer, employing more than 30,000 people worldwide.
 
This emphasis on innovation was echoed by Naoki Sekizawa from Denso, a global manufacturer of parts and technology for every major auto maker from Toyota to GM. He explained to a group of 60 investors in Nagoya that Denso’s operations in Vista – located along the 78 corridor – remain the multinational’s North American research headquarters because of the talented workforce available in ‘telecom valley.’ 
 
Naoki Mori, from Nitto Denko, a water technology company that acquired Oceanside firm Hydranautics in 1987, joined me in Osaka to share his perspective on the advantages of our region. He emphasized the premier universities and research institutions as we spoke to another packed room of over 100 investors interested in the US market. 
 
Three companies from diverse industries delivering the same message: San Diego’s innovation ecosystem – with its strong research institutions and top-tier talent - is a world-class asset. And yet, it is clear that in terms of maximizing these assets, we could be doing more. Out of over a dozen states and metros participating in the roadshow, San Diego is the only one without a Japan trade office staffed with dedicated investment personnel. 
 
Our investors and partners have done tremendous work over the last few years to generate a comprehensive trade and investment plan for the region. And our Port, Airport and City are driving the execution of that plan through the revitalization of World Trade Center San Diego. That kind of regional coalition building is both rare and formidable, and for that we are grateful. 
 
So you will be hearing much more about Japan in the coming months, as we prepare to host several incoming delegations of Japanese companies in advanced industries. And you will also be hearing from Auckland, Sydney, London, Toulon, and Stockholm, as we work to grow exports to, investment from, and relationships with the markets that matter most to San Diego’s growth, prosperity and resilience.
 
Big thanks and kanpai to the San Diego leadership of Takeda, Denso, and Hydranautics for coordinating support on the road, and for the language lessons too.