Tag: monthly report

While companies continue to cut costs and make layoffs in the wake of a highly anticipated (though not clearly signaled) recession, the nation’s ratio of available workers to open positions remains less than one to one. This means that there are more open positions across the United States than unemployed people available to fill them.

It’s time for San Diego to rethink talent pipeline development.

here’s how from our talent Initiatives manager → 

By the numbers

• 2.9% record low unemployment rate—Q4 2022
• $92K median home price in San Diego—Q4 2022
• $3.23 rent per sq. ft for commercial real estate—Q4 2022
• $13.2M secured by ALE from California Energy Commission

Featured stories

• Case Study: EVT leverages Advancing San Diego to hire intern, expands its learning platform
• Economic Snapshot—Q4 2022
• EDC is hiring
• Carlsbad battery manufacturer secures millions from state

New and renewing investors

• Equus Workforce Solutions (prev. ResCare)
• Unibail-Rodamco-Westfield (URW)
• Procopio, Cory, Hargreaves & Savitch
• H.G. Fenton Company
• YMC of San Diego County
• Federal Reserve Bank of San Francisco

See our current Monthly Report

From planning our first-ever open house in our new home, to helping connect companies to mission-driven talent, see below for what EDC accomplished in January 2023. We look ahead to the year with more optimism than some…

here’s why from our sr. director → 

By the numbers

• 200+ EDC investors registered for open house
• $92K median advertised  tech salary in San Diego (2022)
• $671M VC raised in Q4 2022
• 8 businesses secure $35K in grants through WTCSD advising

Featured stories

• Case Study: Eight San Diego companies win $35K in grants via Export SBDC
• What the NDAA means for San Diego
• Investor Spotlight: Founders First Capital Partners

New and renewing investors

• LBA Realty
• Brookfield Properties
• General Atomics
• Sharp

See our current Monthly Report

New year. New home. Same goals. December 2022 marked the end of a year full of research, a return to our signature celebrations, and increased commitments towards Inclusive Growth.

SEE OUR YEAR IN REVIEW → 

By the numbers

• 9,906 jobs supported through EDC’s core economic development work in 2022
• 7,150 hours worked by 45 Advancing San Diego interns at 23 local companies
• 40 local and international firms expand with WTCSD’s support
• 165 total companies supported by EDC in 2022

Featured stories

• Case Study: Access Trax turns $10K into Canada, Australia export growth with MetroConnect
• EDC’s Top 20 in 2022
• Good News of the Year 2022

New and renewing investors

• JLL
• ITJ
• Junior Achievement
• Lankford & Associates

See our current Monthly Report

The year has come and gone in a flash, but as always, we must take a moment to acknowledge all we accomplished with and through EDC’s 200 investors. On the heels of the pandemic and a return to ‘normal’ that will never feel quite normal again, EDC’s Top 10 in 2022 included a new board chair, board members, and increased commitments to the Inclusive Growth goals we set for 2030.

SEE OUR YEAR IN REVIEW → 

By the numbers

• $14M Cal Competes Tax Credit secured by Element Biosciences with EDC’s help
• 51,300 impressions via San Diego: Life. Changing.’s BIO ad campaign
• 122K advanced manufacturing jobs in San Diego (2022)
• $1.8B in VC funding raised by San Diego companies in Q3

Featured stories

• Case Study: Element Biosciences expands with EDC permitting, tax credit, branding support
• Economic Snapshot Q3 2022

New and renewing investors

• Carrier Johnson + CULTURE
• JLL
• ITJ
• Junior Achievement
• Lankford & Associates

See our current Monthly Report

The EDC team just recently moved into our new offices on the fourth floor of UC San Diego Park & Market in Downtown San Diego. And when you go through a big office move after being in the same place for more than a decade, you find a few reminders of what has made the work so important and special over the years…

More from our CEO → 

By the numbers

• 6 full-time hires made following Advancing San Diego Internship Program
• $27B annual life sciences cluster economic impact (2022)
• 144K advancing manufacturing jobs in San Diego (2022)
• 61K life sciences jobs in San Diego (2022)

Featured stories

• Rady Children’s Hospital hires six FTEs following Advancing San Diego internship
• Study: San Diego’s life sciences cluster in the early stages of AI-ML boom
• New look. New home.
• Building the Future: Manufacturing Month 2022

New and renewing investors

• Amazon
• Longfellow Real Estate Partners
• Ace Parking
• Mitsubishi Motors
• Layton Construction
• Meyers Nave
• PNC Bank
• WD-40

See our current Monthly Report

This month, EDC’s World Trade Center San Diego (WTCSD) and Mayor Todd Gloria led 29 of some of our region’s most influential and collaborative business, academic, political, and economic leaders on a Trade Mission to the Netherlands—carrying the San Diego banner in one of the world’s leading metros for innovation and circular urban development.

See EDC’s month in review below, made possible with and through our investors.

By the numbers

• 29 delegates join WTCSD on Mayoral Trade Mission to the Netherlands
• 12+ meetings/events across three-day trade mission
• $267.7M gross regional product (Q3 2022)
• $27B in GRP attributed to the tech sector

Featured stories

• Mayor, WTCSD lead Netherlands Trade Mission to strengthen economic ties
• Investor Spotlight: Commute with Enterprise
• Four Programs helping Latinx professionals thrive

New and renewing investors

• The Clay Company
• CDC Small Business Finance
• Stockdale Partners
• MAAC
• Curebound
• Apple
• City of Chula Vista
• Homefed Corporation
• Insulet
• SeaWorld
• Alexandria Real Estate Partners, Inc.
• Booz Allen Hamilton
• Gosite
• IQHQ
• La Mesa RV
• Northrop Grumman
• Taylor Guitars

See our current Monthly Report

From the opening of new academic buildings, to the announcements of new courses and programs, to the celebration of a new stadium—the successes and results of business and education partnerships are on full display across our region. 

See EDC’s month in review below, made possible with and through our investors.

By the numbers

• 400+ professionals attended EDC’s Summer Bash
• $1.8B in VC funding (Q2 2022)
• $18.1M awarded to SDICCCA for pipeline development across counties
• 3.2% unemployment rate (Q2 2022)

Featured stories

• San Diego’s Economic Snapshot: Q2 2022
• San Diego: Surf town, science mecca

New and renewing investors

• Carrier Johnson + CULTURE
• City of Encinitas
• City of Oceanside
• Junior Achievement
• Lankford & Associates
• Point Loma Nazarene University
• Port of San Diego
• Red Door Interactive
• The San Diego Foundation
• San Diego Workforce Partnership
• Sanford Burnham Prebys
• TaylorMade
• Visat

See our current Monthly Report

In the throes of planning our first international trade mission since 2019, signing a new lease and moving into UC San Diego’s Park & Market space, and continued work against our 2030 Inclusive Growth goals, Team EDC is busier than ever.

See EDC’s month in review below, made possible with and through our investors.

By the numbers

• 19 HR professionals attended ASD Talent Workshop Series
• 16 investors hosted at investor lunch
• 200+ tickets sold to Summer Bash
• 11K media impressions garnered for Red Door Interactive

Featured stories

• Red Door Interactive opens Sherman Heights HQ with permitting, promotional support
• Resources for retaining and recruiting talent in San Diego
• Investor spotlight: The Lufthansa Group

New and renewing investors

• JLL
• Options for all
• City of San Diego
• County of San Diego
• San Diego Housing Commission
• Illumina
• Lowe Enterprises
• San Diego State University
• San Diego Wildlife Alliance
• ASML
• City of Carlsbad
• The Gildred Companies

See our current Monthly Report

See EDC’s month in review below, made possible with and through our investors.

By the numbers

• 900 attendees expected at Annual Dinner
• 7% increase in lab space asking rates in Q1 2022
• 4 life sciences companies in MetroConnect VI
• 18.8% year-ago increase in median home price

Featured stories

• A note on Annual Dinner from Mark
• Red Door Interactive unveils new HQ in Sherman Heights
• Economic Snapshot: Q1 2022
• MetroConnect VI: Meet the life sciences companies

New and renewing investors

• Bristol Meyers Squibb
• CalPrivate Bank
• Chevron
• City of Escondido
• Neighborhood House Association
• Paul, Plevin, Sullivan & Connaughton LLP
• San Diego Community Power
• San Diego County Water Authority

See our current Monthly Report

A note on progress from OUR Senior Director

In 2018, EDC and a steering committee of the region’s largest employers determined that for our region to continue to grow and remain competitive, by 2030, San Diego will need:

• 50,000 quality jobs in small businesses,
• 20,000 skilled workers per year, and
• 75,000 newly thriving households.

However, to do so, inclusion needs to be our focus. To achieve these goals, we must invest in and support the segments of our community that have been historically and systemically excluded from growth and prosperity—not simply because it’s the right thing to do, but because it’s an economic imperative.

Read EDUARDO’s full update

By the numbers

• 40 regional leaders convened for EDC retreat
• 4% unemployment rate in San Diego County
• 16.5K San Diego payroll positions added in Jan, Feb
• 20% increase in pre-pandemic employment in Scientific R&D

Featured stories

• Public, private leaders announce commitment to Inclusive Growth
• The crisis in Ukraine and its impact on San Diego businesses
• San Diego’s Data Bites: March 2022
• Investor Spotlight: Bristol Myers Squibb

New and renewing investors

• Breakthrough Properties
• Bridgewest Group
• CBRE
• Cisterra Development
• City of San Marcos
• Colliers International
• Cushman & Wakefield
• Jacobs Center for Neighborhood Innovation
• JPMorgan Chase & Co.
• Kaiser Permanente
• LBA Realty
• MAAC
• Marsh Mclennan
• National CORE
• Rady Children’s Hospital San Diego
• ResCare
• San Diego International Airport
• Scripps
• Soral Turbines

See our current Monthly Report