Tag: monthly report

This month together with Congressman Scott Peters and 40 high-level delegates, World Trade Center San Diego led its seventh international trade mission—this time to another innovative, binational region by the sea and the world’s premier gateway to Asia: Singapore.

As we begin to celebrate Manufacturing Month, Singapore’s advanced manufacturing prowess can serve as inspiration of what is possible and what is to come in the San Diego region—because we are just getting started.

Reflections from our Executive Director

By the numbers

• 40 Delegates joined WTCSD in Singapore
• 15 Meetings across 3 days un Singapore
• $12.8B FDI into the US from Singapore since 2019
• 450K Singapore-Johor border crossing per day

Featured case study

• EDC convened Life Sciences Task Force, spurred creation of City of San Diego permit program

Featured stories

• Manufacturing in San Diego: More vital than you think
• Rep. Peters, WTCSD lead Singapore trade mission to strengthen economic ties in Asia

New and renewing investors

• ASML
• Arcadis
• ArkusNexus
• CMTC
• Federal Reserve of San Francisco
• HomeFed Corporation
• Junior Achievement
• MAAC
• Manpower
• Momentus Capital
• National University
• Novo Brazil Brewing
• Port of San Diego
• PCL Construction
• Red Door Interactive
• San Diego Workforce Partnership
• Systran by Chapsvision
• The Clay Co

See our current monthly report

In an op-ed published by San Diego Business Journal on the heels of the Navy Gold Coast Expo, EDC’s Jennie Brooks and Eduardo Velasquez stressed the importance of procurement from San Diego’s small and diverse businesses. Boasting the largest concentration of military assets in the world, the region has an incredible and important opportunity to tap local small businesses not only to support military interests, but also to drive inclusive economic growth. Booz Allen Hamilton is one local example; the DOD contractor increased its local spend with small businesses to more than $50 million in 2023, up 24 percent from 2022.

Hear more from Jennie and Eduardo…

By the numbers

• 1.5M jobs in San Diego as of Q2 2024
• 60% of Venture Capital went to Life Sciences startups in Q2
• $1B in VC funding in Q2
• 350+ Attended 2024 Summer Bash

Featured case study

• WTCSD, EDC support Nano PharmaSolutions in securing $17K in grants, FTE, and global connectivity

Featured stories

• Investor Spotlight: ArkusNexus
• San Diego’s Demand for Talent in Businesss
• San Diego Nearly Surpasses Regional Jobs Goal, and Why the Work Isn’t Over Yet

New and renewing investors

• Arcadis
• BCG
• City of Vista
• Commute with Enterprise
• Dexcom
• DPR Construction
• Founders First Capital Partners LLC
• Gafcon
• General Dynamics NASSCO
• Gensler
• Illumina
• Intesa
• Junior Achievement
• Kilroy Realty Corporation
• Point Loma Nazarene University
• ResMed
• San Diego Community Power
• San Diego County Water Authority
• San Diego Foundation
• Pacific Sotheby’s International Realty, San Diego
• Enterprise Bank & Trust
• Tootris
• Neology

See our current monthly report

EDC investors, partners, and colleagues:

How would it feel if all your employees truly loved their job at your company? What if your entire team was dedicated to your company’s mission, vision, culture, and values?

These questions formed the foundation of a wonderful and impactful discussion that a small group of our EDC board members and investors got to have with retired WD-40 CEO Garry Ridge last month. A discussion that most of us are still talking about.

While our EDC board and executive committee do not meet in the month of August, we hope to see many of you at our Summer Bash on August 22 for an inspiring keynote form Vividion Therapeutics President and CEO Aleksandra Rizo, local drinks and bites, live music, and more than 350 innovators like you.

Hear more from Mark…

By the numbers

• 350 attendees expected at Aug 22 Summer Bash
• 50 Verified Program attendees at Advancing SD’s AI workshop
• 40 attendees at Culture Workshop with Garry Ridge
• $6B annual economic impact of San Diego’s RNA cluster

Featured case study

• EDC, CCOE quantify $4 billion cybersecurity cluster

Featured stories

• Best Practices for AI in Higher Education
• RNA Leaders USA Congress

New and renewing investors

• Biomed Realty
• Burger Construction
• City of Carlsbad
• Evans Hotels
• HomeStreet Bank
• Lowe Enterprises
• Otay Cross border Terminal (CBX)
• San Diego Zoo
• San Diego State University
• Pacific Western Bank/Banc of CA

See our current monthly report

Summer always marks some fun, exciting, and impactful moments for San Diego’s community and economy. As we focus on the continued advancement of a regional economic development agenda where inclusion is a cornerstone and economic imperative, we need to continuously reassess and re-evaluate what inclusion (and our related actions) truly means.

Hear more in Mark’s monthly note…

By the numbers

• 800+ attend EDC’s Annual Dinner
• 19.5K+ attendees at BIO International Convention
• 66K Life Sciences jobs in San Diego County
• 32% of Life Sciences jobs in manufacturing

Featured case study

• EDC, CCOE quantify $4 billion cybersecurity cluster

Featured stories

• EDC, WTCSD host international delegations for Invest in San Diego event
• WTCSD’s Q2 Global Brief: San Diego boosts international connectivity

New and renewing investors

• Apple
• Arup
• BAE Systems
• Carrier Johnson
• City of Escondido
• CSU San Marcos
• Curebound
• Excelerate
• Junior Achievement
• Kaiser Permanente
• Neighborhood House Association
• Qualcomm
• San Diego Housing Commission
• San Diego Padres
• Snake Oil Cocktail Co
• Snell & Wilmer
• University of San Diego
• Wells Fargo

See our current monthly report

Whether partnering with Apprenti to create diverse talent pipelines or with Samsung Semiconductor to celebrate its new sales offices, EDC’s month in review is made possible with and through our investors and partners.

By the numbers

• 40.6K San Diegans employed in advanced manufacturing companies
• 92% Apprenti apprentices from underserved communities
• 30% Cost savings in sourcing & training thru apprenticeships
• 10% Growth rate in San Diego’s GRP (2021 & 2022)

Featured case study

• EDC, regional partners cut ribbon on new Samsung Semiconductor sales office

Featured stories

• Create diverse talent pipelines through apprenticeships
•  Q4 2023: San Diego’s employment and what it means post-pandemic

New and renewing investors

• Bank of America
• BD
• Cultura
• Deloitte
• Eli Lilly
• Marsh McLennan
• National CORE
• Paul Plevin Quarles
• Procopio
• San Diego Airport Authority
• San Diego/Imperial County Community College Association
• Solar Turbines
• TOOTRiS
• Unibail-Rodamco-Westfield
• YMCA

See our current Monthly Report

For more than a decade, EDC has presented awards at our Annual Dinner to recognize an individual who goes ‘above and beyond’ their day job to help make San Diego a better place and a business or institution changing the world from San Diego. This year, EDC is proud to present the individual award to one of the most highly decorated Naval officers to call San Diego home (retired) Vice Admiral Jim Zortman and the business award to legendary San Diego company Solar Turbines.

Join us on June 18 at Petco Park to honor this year’s awardees.

Hear more from Mark → 

By the numbers

• 36 Companies supported by EDC in Q1
• 1.7K Jobs supported through EDC’s core economic development work in Q1
• 125 Companies to host fully funded summer interns
• 60% of EDC-hosted webinar attendees join Cascade Energy’s program

Featured case study

• EDC and Cascade Energy partner to help local businesses decarbonize, reduce utility costs

Featured stories

• Samsung Semiconductor opens customer engagement office in San Diego
• WTCSD’s Q1 Global Brief: Spotlighting San Diego’s global growth

New and renewing investors

• Carrier Johnson
• Cascade Entergy
• Chevron
• Clark Construction
• General Atomics
• HG Fenton
• LBA Realty
• Lifeline
• Rady Children’s Hospital
• SANDAG
• Scripps Health
• SDG&E
• Sharp Healthcare
• Sudberry Properties

See our current Monthly Report

From launching MetroConnect VII to supporting local companies with California Competes Tax Credit applications, see below for EDC’s month in review made possible with and through our investors and partners.

By the numbers

• 15 Companies named to MetroConnect VII
• 92% Local exports fueled by SMEs
• 95 MetroConnect alumni since 2015
• $86.3M In tax credits won by EDC-supported applicants

Featured stories

• Meet the MetroConnect VII Companies!
• Open now: California Competes Tax Credit

New and renewing investors

• Amazon
• Equus Workforce Solutions
• McKinsey & Associates
• Otay Mesa Energy Center
• SBCS
• San Diego FC
• Sytran

See our current Monthly Report

After another year filled with uncertainty and the seemingly ever long tail of pandemic-related disruptions, we enter 2024 with a whole host of questions—some new, some recurring.

What lies ahead is both a familiar challenge and a new opportunity for inclusive growth and our region is ready to get to work.

MORE FROM Edc’s Sr. director → 

By the numbers

• $950M Clean tech federal funding received (2023)
• 23.4K New San Diego jobs created (2023)
• 10M+ Sq. ft. vacant office space in San Diego (2023)
• 5.2K+ Unique job posting listing AI skills (2023)

Featured stories

• San Diego flood-related resources
• EDC’s employee retention & return to office study
• ICYMI: A note on the new year

New and renewing investors

• Alexandria Real Estate Equities
• BD
• Junior Achievement
• Lankford & Associates
• San Diego State University
• Grifols

See our current Monthly Report

Each month, more than 60 EDC board members from across San Diego’s industries committed to the future of the region have created space to connect, collaborate, partner, and assess our progress toward these goals.

Reflecting on our past year, it’s clear that we must continue to work together, in our different ways, to ensure a resilient and competitive San Diego for employers and residents alike.

MORE FROM Jennie brooks, edc board chair → 

By the numbers

• 19,490 total jobs supported BY EDC IN 2023
• 117 companies supported by EDC in 2023
• 22 SMEs expand exports with WTCSD support in 2023
• 150+ EDC investors

Featured stories

• EDC’s Top 10 in 2023
• WTCSD’s 2023 Annual Report
• Q3 2023: San Diego’s remote work policy and the impact on commercial real estate

New and renewing investors

• CBX Cross Border Terminal
• City of Oceanside
• ITJ
• Junior Achievement
• Longfellow Real Estate Partners
• Momentus Capital
• Sanford Burnham Prebys Institute for Medical Discovery
• San Diego Workforce Partnership

See our current Monthly Report