Each month the California Employment Development Department (EDD) releases employment data for the prior month. This edition of San Diego’s Economic Pulse covers December 2020 and reflects some effects of the coronavirus pandemic on the labor market. Check out EDC’s Research Bureau for more data and stats about San Diego’s economy. Key Takeaways San Diego lost […]
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Good News of the Week – January 15, 2021
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. For the week of […]
Apply by January 25: California Competes Tax Credit
Any business that is growing in the state of California over the next five years, or is considering leaving California, is encouraged to apply for a California Competes Tax Credit to offset its state income tax liability. Awards are primarily based on the following factors: Number of jobs created or retained in California Capital investments in California […]
Economy in crisis: Structural challenges will persist after economy recovers
Key Takeaways San Diego’s jobs recovery has left the lowest-paid workers behind. Disproportionate job losses and the possibility that lower-paid residents will owe large sums in back-rent will exponentially exacerbate wealth inequality. Lower mortgage rates drove up house prices, making housing even less affordable despite record job losses and elevated unemployment. Needless to say, 2020 […]
A note from Dr. Clarke…
“Plans are useless, but planning is indispensable.” —General Dwight D Eisenhower Every year at EDC, our team spends November and December moving through a structured goal setting process together with our investors, our executive committee, and our board. We work to establish objectives for the year that are responsive to the demands of current economic […]
Good News of the Week – January 8, 2021
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. For the week of […]
7 COVID-19 resources for small businesses – January 2021
With new federal and state legislation enacted over the holidays, it can be challenging to sift through what’s available for businesses. Below, EDC has outlined seven new and ongoing support/resources available as businesses navigate impacts of COVID-19. 1. COVID Relief Grant Program The State of California launched a $500 million COVID Relief Grant Program for […]
Monthly Report – January 2021
A note from Dr. Nikia clarke: Every year at EDC, our team spends November and December moving through a structured goal setting process together with our investors, our executive committee, and our board. We work to establish objectives for the year that are responsive to the demands of current economic conditions; that are led by […]
WTC San Diego welcomes new British Consul General Emily Cloke
World Trade Center San Diego extends its warmest welcome to Emily Cloke, the new British Consul General in Los Angeles. This past December, we were honored to host Ms. Cloke, as well as Antony Phillipson, Her Majesty’s Trade Commissioner for North America, UK Government, at our virtual Global Competitiveness Council to discuss the future of trade […]
A note of reflection from EDC
“…Next year all our troubles will be miles away.” Those words were first shared and sung by Judy Garland in the movie “Meet Me in St. Louis” in 1944. They have probably been covered by a thousand musicians since. And at various stages of my life, right around this time of year, they have struck […]