Tag: 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

A note from Bree Burris

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.

Read more from Bree

Featured Stories

• San Diego’s Changing Business Landscape: Increasing optimism after a year of struggle
• Host lab technician interns
• San Diego’s Data Bites: January 2022
• ICYMI: EDC’s 2022 goals

See our current Monthly Report

A note from Dr. clarke

Like we do every year, our team spent the last few months of 2021 working with EDC’s executive committee, board, and investors to establish annual goals that are informed by current economic realities, led by employers, and have measurable outcomes that contribute to prosperity and competitiveness across the binational region. As San Diego emerges from a global pandemic to an economy full of contradictions—strong job growth, eye-watering VC numbers, and massive capital investment as well as widespread labor shortages, small business closures, and housing prices almost 30 percent higher than 2019—it is abundantly clear that smart economic development is inclusive economic development.

In 2021, EDC reframed our organizational goals around these fundamental building blocks of a strong economy—quality jobs, skilled talent, and thriving households—and committed to working with and through our investors to accelerate progress towards the Inclusive Growth goals.

Read more from Nikia and see EDC’s 2022 goals…

Featured Stories

• White Labs reduces Australian customs holds by 84% with MetroConnect
• Study: AI helps catalyze 10% employment growth in San Diego Transportation cluster through the pandemic
• San Diego’s Data Bites: December 2021
• San Diego’s Good News of the Year 2021

See our current Monthly Report here.

A note from Mark Cafferty

The last year has certainly been interesting. Depending on who we are and where we sit, it may have seemed like a curse, a blessing, or anything in between. But without a doubt, it will all be behind us in a few weeks as we usher in the new year—full of new opportunities and new possibilities.

At some point in the years ahead, we will all look back on 2021 (and 2020 that in many ways is bundled in) and relive its ups and downs—its starts and stops. We’ll remember where we were and who we shared this year with. Beyond my closest friends and family, I will remember sharing this year with all of you, on screen or otherwise. And as we look back, the joys, successes, hardships, losses, opportunities, and challenges will likely have new perspective and clarity that only time can provide. But unmistakably—in the moment—I want to express my sincere gratitude for all of it, and for all of you.

Read more from Mark…

By the Numbers

• $25K MetroConnect grand prize awarded to Blue Sky Network
• 54.1 San Diego Business Recovery Index
• 5.3% unemployment rate in San Diego
• 99 job applications submitted to local firms at Career Exploration Day

Featured Stories

• Blue Sky Network turns $5K grant into 36% export increase
• San Diego’s Changing Business Landscape: Bottlenecks are squeezing bottom lines
• Quarterly Economic Snapshot: Q3 2021
• San Diego’s Data Bites: November 2021
• Meet our Board: Chris Williams

New and Renewing Investors

• Ace Parking
• Gensler
• The Gildred Companies
• GoSite
• Mitsubishi Motors
• Taylor Guitars

See our current Monthly Report here.

A note from Mark Cafferty

As my mind continues to focus on the health of our community and our economy, I find so many of my conversations centering on the work of San Diego’s Life Sciences industry. Long an anchor of our region’s innovation economy, the Science and Biotech sectors are taking center stage in more ways than ever before—leading in vaccination and testing innovation, and in inbound financial investment and commercial real estate demand.

With all of this swirling around us, it is no surprise that a great deal of EDC’s work continues to focus on the growth and support of the skilled workers and quality jobs that power San Diego’s Life Sciences industry.

Read more from Mark…

By the Numbers

• 950 Life Sciences companies call San Diego home
• 2.2 additional jobs are created for every job in Life Sciences
• 5.6% unemployment in San Diego
• 4 MetroConnect V finalists

Featured Stories

• Benchmark Labs relocates HQ from SF; taps into San Diego talent pool and cleantech industry
• Release: Life Sciences Talent Demand Report and Preferred Provider application
• Meet the MetroConnect finalists
• San Diego’s Data Bites: October 2021
• Meet our Board: Dr. Steven Jones

New and Renewing Investors

• Alexandria Real Estate Equities
• AT&T
• Booz Allen Hamilton
• Chevron
• City of Chula Vista
• HomeFed Corporation
• Intesa Communications Group
• National University
• Northrop Grumman
• Stockdale Capital Partners
• Suffolk Construction
• University of San Diego
• Viasat
• Walmart
• WD-40

See our current Monthly Report here.