Tag: research

Study release: San Diego ranks #1 in the US for genomics patents

By San Diego Regional EDC,

Today, EDC released the first-ever economic impact report on San Diego’s genomics industry. “Cracking the Code: the Economic Impact of San Diego’s Genomics Industry” explores the economic factors that have led to the proliferation of San Diego’s genomics industry, analyzes the region’s genomics standing relative to other U.S. regions, and quantifies San Diego’s genomics-related firms, talent pool, venture capital and more.

As the #1 most patent intensive genomics market in the U.S., San Diego is leading the charge in a new era of healthcare. Personalized medicine and technology are taking precedence, with local genomics companies, research institutions and universities at the forefront.

KEY FINDINGS

Leadership: San Diego is poised to continue its leadership in the field of precision medicine. With more than 115 genomics-related firms, San Diego has companies that handle every aspect of the genomics value-chain – from sampling and sequencing (e.g. Illumina, Thermo Fisher Scientific) to analysis and interpretation (e.g. AltheaDX, Human Longevity, Inc.) to clinical applications (e.g. Celgene, Arcturus Therapeutics), creating a complete ecosystem. Additionally, San Diego conducts the fundamental scientific research, due in part to the concentration of research institutes, that form the basis for many global genomics therapies and interventions.

Capital: While San Diego is home to just one percent of the U.S. population, it received 22 percent – $292 million – of the venture capital funding in genomics in 2016. Continually, San Diego’s numerous nonprofit research institutes command a large share of federal funding (e.g. NIH). In fact, San Diego received $3.2 million federal contract dollars in 2016 – more than any other U.S. region.

Talent: San Diego produces more genomics-ready graduates, relative to the size of its workforce, than any other U.S. region. With nearly 2,000 average genomics-related degrees (biochemistry, cognitive science and bioinformatics) conferred per year, San Diego’s genomics companies benefit from the preparatory work of the region’s top academic institutions. In that vein, it is projected that the local talent pool for key genomics occupations will grow by an additional 10 percent by 2021.

ADDITIONAL KEY FACTS

  • San Diego’s genomics industry has a $5.6 billion annual economic impact, impacting 35,000 jobs in 2016.
  • Among top life sciences U.S. metros, San Diego’s genomics industry ranks #2 overall, #3 in innovation, #2 in talent, and #4 in growth.*
  • From 2014 to 2016, San Diego generated 371 genomics-related patents. Collectively, 28 local firms generated 120 genomics-related patents in 2016.
  • San Diego is 3.1x more concentrated than the U.S. in key genomics occupations.
  • From 2011 to 2016, San Diego’s genomics talent pool grew by 11 percent, far outpacing the national growth rate of 5.1 percent.

*The genomics scorecard was calculated using a weighted ranking system divided into three categories approximating the genomics ecosystem: innovation, talent, and growth.

EDC’s study was underwritten by Illumina, and sponsored by Alexandria Real Estate, Barney & Barney, Biocom, Eastridge Workforce Solutions, Human Longevity, Inc., Latham & Watkins, Thermo Fisher Scientific and UC San Diego. Additional research support was provided by CBRE.

Read the executive summary here

Cracking the Code: The Economic Impact of San Diego’s Genomics Industry

By EDC Research,

Summary

The region has provided the fundamental genomic research that has galvanized scientific discovery across the globe. As we enter into an era of personalized medicine and technology, San Diego’s companies, research institutes, and  universities will continue to pioneer discoveries across the interdisciplinary field of genomics.

READ THE FULL PRINTED REPORT

Study: One in five tech firms in SD County is located along the 78 Corridor

By San Diego Regional EDC,

The technology cluster along the San Diego region’s 78 Corridor spans 70 different industries and 200 unique occupations. Encompassing the North County cities Carlsbad, Escondido, Oceanside, San Marcos and Vista, this well-established and diverse tech cluster is expected to grow by 5 percent over the next five years, according to a study released by Innovate78 today.

Study highlights include:

  • The 78 Corridor’s tech cluster has a $6.1 billion total economic impact annually, representing nearly 25,000 jobs.
  • North County’s technology cluster has a competitive advantage in precision manufacturing – specializing in the production of biomedical devices, telecommunications equipment and defense-related products.
  • The 78 Corridor’s tech cluster is 1.4 times more concentrated than the nation.
  • Biotech and biomed devices has been the fastest growing segment in the tech cluster, with a 9 percent increase in employment since 2011.

Read the full study here.

Tech: A look at the San Diego Region’s 78 Corridor

By San Diego Regional EDC,

Summary

The 78 Corridor includes the cities of Carlsbad, Escondido, Oceanside, San Marcos, and Vista. With a population totaling 630,000, the Corridor is home to nearly one-fifth of residents in the San Diego Region. Employment along the Corridor exceeds 290,000 jobs – roughly 19 percent of the regional total – and annual gross regional product (GRP) surpasses $36 billion, making the 78 Corridor a major player in the regional economy. Moreover, North County has emerged as a leader of technological innovation; with over 850 total tech firms – a concentration nearly 42% above the national average – the 78 Corridor’s diverse and well-established tech cluster has seen steady growth in recent years. Contributing more than $6.1 billion annually and directly employing nearly 25,000 people, tech along the Corridor is a major engine of economic growth within the region.

Innovate78 is a marketing and economic development initiative led by five North County San Diego cities – Carlsbad, Escondido, Oceanside, San Marcos, and Vista . Along the 78 Corridor, elected leaders, city staff, businesses, and
educational institutions are working to leverage the area’s collective strengths and assets – speaking with one voice to retain, expand, and attract talent, companies, and investment.

READ THE FULL INDUSTRY PROFILE

Regional Profile: Tijuana, MX

By San Diego Regional EDC,

Summary

Tijuana: The largest city in the state of Baja California sits at one of busiest land border crossings in the world. Together with San Diego, Tijuana is part of a dynamic cross-border metropolis where deep economic and cultural linkages result in the creation of value, jobs and exports. The unique dynamics of the region provide local companies with an important comparative advantage in the global economy.

In Tijuana, employment in global companies has grown steadily, with many workers engaged in STEM and R&D-intensive industries. The city has become a powerhouse in industries such as semiconductors, medical devices, aerospace, electrical equipment, and audiovisual and communications equipment. Quality universities and an attractive cost of doing business have supported the development of these high-growth industries, attracting more than $5.6 billion of foreign direct investment to the region since 2012.

On average, 135,000 people cross the border each day between San Diego and Tijuana. Like the economy, people’s lives exist on both sides of the border. Tijuana’s vibrant cultural scene – with trendy coffee shops, world-class restaurants, museums, art galleries and a top-ranked soccer team – provides an enriching quality of life to residents. Nearby beaches in Rosarito and Ensenada, as well as the bourgeoning Valle de Guadalupe wine region, attract tourists year-round.

READ THE FULL REGIONAL PROFILE

Regional Poverty in the San Diego Region

By San Diego Regional EDC,

Summary

San Diego County ranks 13th in poverty rate among major U.S. metros. Slightly below the national (14.7 percent) and the state rate (15.3 percent), 13.8 percent of San Diego’s total population live below the federal poverty threshold. When compared to nearby metros, San Diego fares better than Riverside, which, at 17.5 percent, has the largest percentage of its population below the poverty line among major metros. Neighboring Los Angeles, at 15.7 percent, is almost two percentage points higher than San Diego.

 

The Trans-Pacific Partnership: Trade’s Prosperous Potential for San Diego

By San Diego Regional EDC,

Summary

What drives San Diego’s economy? The region’s most concentrated industries.

Highly concentrated industries are generally associated with exporting sectors. Compared to both the state of California and the US as a whole, San Diego has a powerful comparative advantage in goods-producing industries tied to the region’s strong innovation economy.

READ THE FULL REPORT

Transportation Infrastructure: Evaluating the Economic Impact of TransNet on San Diego’s Economy

By San Diego Regional EDC,

Diverse transportation infrastructure strengthens the regional economy and promotes future economic growth. Expansions and enhancements to roads, highways and public transit reduce congestion, decrease travel times and increase business productivity. This 2016 economic impact analysis of TransNet – the voter-approved half-cent sales tax – reveals how investments in transportation have impacted San Diego’s economy.

READ THE FULL REPORT

Software Development: Driving San Diego’s Tech Ecosystem

By San Diego Regional EDC,

Summary

Software development is infused throughout the region’s diverse tech and innovation ecosystem – providing the building blocks behind the technology revolutionizing our world today. This 2016 study sought to capture the economic impact of software development across a wide variety of industries critical to San Diego’s growth.

READ THE FULL REPORT

Aerospace in Southern Calfornia

By San Diego Regional EDC,

A report published together with Los Angeles EDC

The aerospace industry was built on the vision and dreams of entrepreneurs and risk-takers who have continually pushed the limits of technological innovation. While the technologies that are shaping the future of aerospace continue to evolve, Southern California’s rich, deep and strong ecosystem of large and small companies, research and educational partners, an active defense sector amid a culture of risk-taking and future-thinking remains one of the world’s most competitive regions for aerospace innovation.

This report, published in 2016 and produced in collaboration with Los Angeles EDC, examines the state of the industry today and how it will evolve in the future.

READ THE FULL REPORT

AEROSPACE INDUSTRY PROFILE