A note from our COO

Together at last. 

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.

Last week, we hosted a two-day retreat with 40 leaders from industry, academia, nonprofits, and government to share complex data unpacking the pandemic’s impact on the 2030 Inclusive Growth goals. The common thread: inclusion is an economic imperative and thus, requires shifts in our regional priorities.

And this week for the first time in two years, EDC’s Chairman Julian Parra led an in-person board meeting with 60+ leaders across the region. Julian took the gavel in June 2020 and never imagined his term would largely be served virtually; however, he has continued to drive the inclusive economic development strategy with the same fervor as instilled by past EDC Chair Jim Zortman in 2017.

For the region to fully emerge from this global pandemic, it must reconcile an economic recovery that is full of contradictions. The region is simultaneously experiencing strong job growth and record venture capital inflows, along with a fierce battle of seemingly unavailable talent, small business closures, and the most expensive housing market in the U.S., with the brunt of these impacts incurred most by low-income earners and people of color. To get this recovery right, the San Diego region must double down on the goals for quality jobs, skilled talent, and thriving households.

That’s why we hope you will join us on April 8 at EDC’s Report to the Community, where we will unveil data on the region’s progress towards these goals and hear commitments from regional leaders.

Here are other opportunities for engagement with us in the months ahead:

  • This Friday, March 11, at our quarterly Economic Development Committee meeting, hear how San Diego companies are re-evaluating talent attraction techniques to see success in a new world of hiring challenges. Register now with password EcoDev2022.
  • On March 23, join the virtual Global Competitiveness Council meeting to hear an update from Congresswoman Sara Jacobs (CA-53) on the devastating conflict in Ukraine, followed by an update on the state of global aviation from the San Diego County Regional Airport Authority.
  • In May, EDC will host another investor reception—stay tuned for the date and location. If you missed any of our recent gatherings, we hope you are able join us.
  • On June 9, EDC celebrates the return of its Annual Dinner—this year at Petco Park. Together with 900+ friends and colleagues, join us for a special night honoring the region’s healthcare providers for their unwavering care and The San Diego Foundation for its essential community investments throughout the pandemic. If you would like to sponsor, please contact Jennifer Storm.

For two decades I have had the pleasure of being a part of the team at EDC. Never have I been more certain of our value proposition than right now. To our investors, my sincere gratitude for your support—especially these past two years. There is critical and challenging economic development work ahead, but with and through all of you, we can ensure our regional competitiveness and create better futures for more San Diegans. As our past EDC Chair Janice Brown reminded us, when Lin-Manuel Miranda wrote the score for Hamilton, the lyric wasn’t “on the Zoom, it was “in the room where it happens.” Somewhere on the journey ahead, I look forward to being in the room alongside you.

With regards,

Lauree

Lauree Sahba
Lauree Sahba

Chief Operating Officer

READ EDC’S MONTHLY REPORT

The crisis in Ukraine and its impact on San Diego businesses

What San Diego companies need to know about the crisis in Ukraine

The situation in Ukraine has devolved rapidly over the past week and a half, in a conflict that has shaken the foundations of the post-Cold War world order. What happens in Ukraine has major implications for Russia’s relationship with Western nations and the global economy—and has already led to significant changes in the regulation of trade. It is important for San Diego companies—particularly in energy, defense, and dual use technologies—to be aware of these changes and prepare accordingly.

Our team spoke with Bob Bowen, a San Diego trade attorney who, throughout his career, has worked at major defense, aerospace, and tech companies, and helped them navigate the complexities of global trade and compliance. He points out the following aspects of new U.S. export control laws in response to the evolving situation in Ukraine:

  • The U.S. Export Administration Regulations (EAR) now apply to a broader range of items destined for Russia or Belarus, including items manufactured outside of the U.S. with components subject to the EAR
  • The EAR now require U.S. Department of Commerce export licenses for items destined for Russia or Belarus that previously did not require such export licenses
    • This includes items subject to the EAR that are intended for Government of Russia end-users or users at state-owned enterprises in Russia
    • There is a policy to deny applications for such export licenses
  • Nearly all items subject to the EAR are prohibited from going to military end-users, or for military end-uses, in Russia or Belarus without U.S. Department of Commerce export licenses (which are subject to a policy of denial)
  • Items subject to the EAR are prohibited from going to the Donetsk and Luhansk regions of Ukraine without U.S. Department of Commerce export licenses (which are subject to a policy of denial)
  • The Entity List of individuals, companies, and organizations in Russia and Belarus who are now prohibited from participating in transactions subject to the EAR has recently grown and is likely to continue growing

San Diego-headquartered law firm Procopio lists additional guidance to help ensure U.S. companies comply with federal law:

  • Ensure that you determine the Export Control Classification Number (ECCN) for your technology from the Commerce Control List (CCL)
    • This is going to help you understand whether an export license is required for the product
    • It is highly unlikely that you will be able to secure license exceptions for Russia, Belarus, and the Donetsk and Luhansk regions of Ukraine at this time
  • Restricted entities include individuals, so your company needs to ensure that hiring processes properly screen and keep up with the latest version of the Entity List on the Bureau of Industry and Security (BIS) website
  • Foreign Direct Product (FDP) Rules extend the reach of US export regulations to include foreign-produced items comprising US-origin content
    • San Diego companies should be screening customers and evaluating for prohibited end-uses. Companies may request a Letter of Assurance from a foreign customer if needed

As always, it is critical that companies properly classify export items AND screen all parties to a transaction.


As the war in Ukraine unfolds, we are cognizant of and compassionate toward those personally affected and their loved ones. More than a million Ukrainians have already fled into neighboring countries, with hundreds of thousands more expected in the coming days. As the world grapples with this humanitarian crisis, there are organizations you can support to help make a difference:

Locally, the San Diego branch of the International Rescue Committee provides opportunities for refugees, asylees, victims of human trafficking, survivors of torture, and other immigrants to thrive in the United States via immigration assistance and family reunification, financial literacy, and free English classes.

Charity Navigator is a resource to help you identify and evaluate 501(c)(3) foundations around the world to ensure that your charitable contributions are responsibly deployed.

Lucas Coleman
Lucas Coleman

Director, World Trade Center San Diego

San Diego’s Good News of the Week – March 4, 2022

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of March 4, 2022, here’s what we’re reading:

…and here are some opportunities we’re watching:

Investor Spotlight: Curebound

EDC sat down with EDC investor Anne Marbarger, CEO of Curebound, to discuss its mission to accelerate cures for cancer, San Diego’s Life Sciences ecosystem, and how San Diegans can help.

Meet Curebound

San Diego Biz Hub: Free digital services for small businesses

GoSite and EDC are still accepting applications for the San Diego Business Hub, which offers small, service-based businesses the full suite of GoSite products at no cost. Services include payment and invoicing, bookings, review management, customer communications, and template websites.

Apply Now


Additional resources:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Contact SDREDC
To learn more, please contact us.

San Diego’s Good News of the Week – February 25, 2022

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of February 25, 2022, here’s what we’re reading:

…and here are some opportunities we’re watching:

San Diego’s Economic Snapshot: Q4 2021

Every quarter, EDC analyzes key economic indicators that are important to understanding the regional economy through trends in employment, housing, and investment. In Q4 2021: VC investments and Life Sciences real estate demand is up, while San Diego’s affordability crisis deepens.

Read More

San Diego Biz Hub: Free digital services for small businesses

GoSite and EDC are still accepting applications for the San Diego Business Hub, which offers small, service-based businesses the full suite of GoSite products at no cost. Services include payment and invoicing, bookings, review management, customer communications, and template websites.

Apply Now


Additional resources:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Contact SDREDC
To learn more, please contact us.

San Diego’s Good News of the Week – February 18, 2022

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of February 18, 2022, here’s what we’re reading:

…and here are some opportunities we’re watching:

San Diego Biz Hub: Free digital services for small businesses

GoSite and EDC are still accepting applications for the San Diego Business Hub, which offers small, service-based businesses the full suite of GoSite products at no cost. Services include payment and invoicing, bookings, review management, customer communications, and template websites.

Apply Now

EDC is hiring, join our team!

EDC is hiring a Research Coordinator and Research Manager / Sr. Manager to analyze, synthesize, and visualize data to inform a diverse set of stakeholders and senior professionals from the region’s leading companies, nonprofits, and policy makers. EDC is also hiring an Economic Development Manager to enable business expansion, attraction, and retention across key industries.

Apply Now


Additional resources:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Contact SDREDC
To learn more, please contact us.

San Diego’s Good News of the Week – February 11, 2022

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of February 11, 2022, here’s what we’re reading:

…and here are some opportunities we’re watching:

San Diego Biz Hub: Free digital services for small businesses

GoSite and EDC are still accepting applications for the San Diego Business Hub, which offers small, service-based businesses the full suite of GoSite products at no cost. Services include payment and invoicing, bookings, review management, customer communications, and template websites.

Apply Now

A note on talent from EDC’s Bree Burris

The long talked about ‘war for talent’ is more competitive than ever. In a survey of 200 local businesses, hiring difficulty reached a new high in December. You are not alone; this is not a one-company problem.

Here’s How EDC Can Help


Additional resources:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Contact SDREDC
To learn more, please contact us.

Meet the MetroConnect VI companies!

Add these to your ‘companies to watch’ list…

Together with San Diego Councilmember Raul Campillo and program underwriters JPMorgan Chase & Co. and Procopio, World Trade Center San Diego (WTCSD) welcomed its sixth cohort of San Diego companies in its MetroConnect export accelerator.

Since the program’s debut in 2015, the 80 small- and medium-sized (SMEs) companies in MetroConnect have collectively added 269 new regional jobs, signed more than 543 new contracts, and set up 22 new overseas facilities. On average, cohort companies grow their exports by an average 63 percent and revenues by 40 percent as part of the program. Notable alums include Blue Sky Network, Aira (acquired by Blue Diego Investment Group), Scientist.com, Modern Times, Dr. Bronner’s, Cypher Genomics (acquired by Human Longevity Inc.), Planck Aerosystems, Bitchin’ Sauce, and dozens more.

Now, WTCSD is pleased to welcome the newest set of MetroConnect companies representing the diversity of San Diego’s innovation economy.

Meet the MetroConnect VI companies

  1. Access Trax
  2. Benchmark Labs
  3. Critter Technology
  4. GigaIO
  5. Golden Coast Mead
  6. iAssay
  7. Nano PharmaSolutions
  8. Novo Brazil Brewing
  9. Primo Energy
  10. Real Dog Box
  11. Shop My Porch
  12. Solecta
  13. Sparsha Pharma USA
  14. The Good Face
  15. Trabus Technologies

Learn more about the companies here

In a competitive application process, MetroConnect judges from Biocom, Connect, CMTC, U.S. Commercial Service, Procopio, and Mitsubishi Electric selected the sixth cohort based on interest in new markets, interest in targeted metro markets, assessed impact of funds, current international traction, and more.

“I’m proud to support and welcome WTCSD’s new cohort, and look forward to seeing the companies’ impact on a global scale,” said San Diego City Councilmember Raul Campillo. “Programs like MetroConnect help ensure the world knows just what San Diego is made of—innovative, high-impact products and services across a wide range of industries.”

Why go global?

Against the backdrop of pandemic-driven supply chain disruption and small business closures, it is more important than ever to support SMEs in building resilience by going global.

In 2021 alone, San Diego exported more than $22 billion in goods overseas, as well as billions more in services like software, cybersecurity, engineering, and research. SMEs produce 92 percent of those goods—driving home the importance of programs like MetroConnect.

“As the San Diego economy continues to recover from the pandemic, we are optimistic about the future. We’re seeing the return of international flights to key markets; firms settled into their remote and tech-centered environments; and strong job growth across sectors,” said Nikia Clarke, executive director of WTCSD. “Thanks to JPMorgan Chase and Procopio, the MetroConnect program will continue to build on this momentum and help ensure San Diego’s small and mid-sized businesses have the tools needed to weather future economic downturns, grow quality jobs, and share San Diego’s life-changing innovation with the world.”

Next up for MetroConnect VI

The cohort will gain access to a suite of resources to support expansion into international markets, including executive workshops, flight discounts, language translation, and up to $30,000 in grant funding.

“Since its launch, the City of San Diego has been a proud supporter of MetroConnect and the nearly 100 businesses it has helped grow internationally,” said San Diego Mayor Todd Gloria. “As Mayor, I’m committed to supporting San Diego’s small businesses on our road to recovery; and international connectivity is an important tool in building economic resilience.”

Interested in growing your business internationally?

World Trade Center San Diego works directly with companies – free of charge – to help them expand internationally and grow in San Diego. Whether your small company is interested in learning about exporting and international growth, or your SME is ready to export and grow internationally, WTCSD is here to help.

Ready to get involved? Click here to receive our monthly Global Brief Newsletter, delivered straight to your inbox.

A note on talent from Bree

It’s not you—it’s all of us. 

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.

Flexibility. Remote work. Mission. Culture. Inclusion. The pandemic flipped the script on workforce demands with companies across the country being stretched to meet the needs of prospective recruits. Established firms can’t compete with the benefits offered by startups from salary to signing bonus to equity. Startups can’t offer the structure or safety net available at large corporations. Yet San Diego is uniquely positioned to compete.

The region stands apart with its thousands of mission-driven companies, its unparalleled quality of life, and its collaborative ecosystem. These are the stories we tell in San Diego: Life. Changing., and the connections we drive through Advancing San Diego.

EDC can help:

  • Lean into the San Diego story in selling your business to recruits using these tools;
  • Engage with us to mold student curriculum to meet your industry needs;
  • Apply for interns paid for by EDC’s foundation;
  • And share your open roles for promotion across our channels.

And above all, turn inward to upskill and promote your existing workforce and consider rethinking existing job requirements which may be inadvertently excluding qualified San Diegans. Pandemic-induced challenges aren’t going away soon, and the battle for talent may endure, but with San Diego as your homebase, we’ve got you covered.

All my best—Bree

Bree Burris
Bree Burris

Director, Communications & Community Engagement

READ EDC’S MONTHLY REPORT

San Diego’s Good News of the Week – February 4, 2022

Every week, ‘Good News of the Week’ features a curation of positive headlines from San Diego, delivered straight to your inbox. A blend of aggregated stories from San Diego’s most trusted news sources and original EDC-created content, GNOTW provides a comprehensive recap of the region’s best stories from the past week.

Get Good News of the Week in your inbox every Friday. → Sign up

For the week of February 4, 2022, here’s what we’re reading:

…and here are some opportunities we’re watching:

EDC’s Report Card to the Community

On April 8, EDC will unveil data on the region’s collective progress towards the 2030 goals and hear commitments from government, academia, and community leaders to increasing the number of quality jobs, skilled talent, and thriving households as outlined in the Inclusive Growth Initiative. The event will include breakfast and networking at the Jackie Robinson YMCA.

Get Your Ticket

San Diego Biz Hub: Free digital services for small businesses

GoSite and EDC are still accepting applications for the San Diego Business Hub, which offers small, service-based businesses the full suite of GoSite products at no cost. Services include payment and invoicing, bookings, review management, customer communications, and template websites.

Apply Now


Additional resources:

Be in the know – sign up below to receive future editions of GNOTW.

Want to submit your event or news update to our weekly newsletter? Contact us for more information.

Contact SDREDC
To learn more, please contact us.

Meet our Advancing San Diego Preferred Providers of Life Sciences Talent

Source your science talent from these edu programs…

Fueled by industries like Tech, Defense, and Life Sciences, San Diego’s innovation economy relies on a pipeline of diverse talent. However, local companies continue to cite access to quality talent as a persistent and growing challenge. Ninety-eight percent of firms in San Diego are small companies (<100 employees) that often lack time and resources to effectively compete for talent with their larger counterparts. Meanwhile, many San Diegans are disconnected from high-demand job opportunities, largely due to education requirements.

Made possible by JPMorgan Chase, Advancing San Diego is a demand-driven strategy to address talent shortages and remove barriers for small companies to access qualified workers. It is a collaborative effort between EDC, San Diego and Imperial Counties Community College Association, San Diego Workforce Partnership, City of San Diego, and United Way of San Diego.

Over the last six months, Advancing San Diego partners worked with a group of 22 employers to develop skills-based criteria for Lab Technicians (aka Research Assistants). We asked that any education provider meeting that criteria apply for the Preferred Provider designation. An employer-led review panel then evaluated these applicants against the skills criteria to determine which programs should be designated as ‘Preferred Providers,’ recognized as those most effectively preparing individuals for jobs and internships as Lab Technicians.

EDC is eager to announce Preferred Providers of Life Sciences Talent:

Need science talent?

Advancing San Diego will select up to 20 high-growth Life Sciences companies in the region to host paid Lab Technician/Research Assistant interns, sourced from the above Preferred Provider programs, at no cost to the business. Selected companies will be asked to host two interns for 240 hours each during the Summer 2022. Interns will be paid through Advancing San Diego, and have access to additional funds to support their success in the workplace. Apply here—applications close February 14.

Sign up to receive updates on Advancing San Diego

For more information, visit AdvancingSD.org.

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