San Diego Regional Economic Development Corporation released a study—Qualcomm’s Contribution to San Diego’s Economy, showcasing how the company’s investment in the community has impacted the industry, economy and region as a whole. Since its humble beginning in 1985, Qualcomm has been at the forefront of innovation, entrepreneurship and research and development (R&D.) It settled with a home base in San Diego, providing a significant economic impact and tremendous contributions to our region since its founding.
Qualcomm is not only a technology industry leader in our region; it also engages the marketing, accounting, legal services, consulting, environmental and engineering industries in San Diego, in-turn creating jobs and opportunities along every step of the company’s tech journey. Just in 2018, Qualcomm had an economic impact of approximately $4 billion in the San Diego economy. To put that into perspective, it’s the equivalent of 41 Breeder’s Cup World Championships, 27 San Diego Comic-Cons and 3.6 San Diego Convention Centers. This research was sponsored by Qualcomm, who provided employee data for EDC’s impact analysis.
San Diego has emerged as a leader for the development of cybersecurity technology and the delivery of cyber-related services. The region’s healthy ecosystem, including its strong military presence, world-class academic institutions, incubators and strong partnerships between industry associations and governments, has positioned San Diego as a hub for cyber operations. Today, there are more than 150 firms in the San Diego region focused exclusively on cyber. With incidences of cyber attacks on the rise worldwide, the industry’s innovative companies are equipped to meet the global market’s increasing demands for new products and technologies. This study was produced in collaboration with the Cyber Center of Excellence.
Small businesses, which represent approximately 98 percent of all local companies, are the backbone of the regional economy. This initiative, which includes a survey of 164 businesses along the 78 Corridor, seeks to uncover insight and gain a deeper understanding of small business perceptions of the regional business climate. The end goal is to develop new and enhance existing programming and support for small businesses in the 78 Corridor. For the purpose of this survey, small businesses are defined as having fewer than 100 employees.
Small businesses – those with fewer than 100 employees – are the backbone of the regional economy. This initiative, which includes a survey of 522 small businesses across San Diego and Imperial counties, seeks to uncover insight and gain a deeper understanding of small business perceptions of the regional business climate. The end goal is to develop new and enhance existing programming and support for small businesses in the region. This report was commissioned by the Small Business Development Center (SBDC).
San Diego is home to more than 350 precision health companies that hold 3,610 patents, according to a study released by yours truly: San Diego Regional EDC. “San Diego’s Precision Health Ecosystem” explores the impact of the region’s precision health cluster and quantifies the number of firms, venture capital and patents, as well the broader cluster across California.
The web-based study – precisionhealthSD.org – includes a historic timeline, cluster map, local and state overviews, and a series of video testimonials from local business leaders.
Large local companies like Illumina and Thermo Fisher Scientific, startups and small businesses like CureMatch, LunaDNA, and EpicentRX, as well as hospitals and research institutes are helping lead the charge in precision health and enabling people to live longer, healthier lives.
Using a person’s unique genes, medical history, and environment, the field of precision health seeks to customize effective therapies and disease treatment. More than genomics and pharmaceuticals, precision health also encompasses a wide range of related fields that allow for the collection, storage, analysis, and use of health data for more precise diagnosis of individual conditions and risk factors.
“From personalized cancer vaccines to record-breaking DNA sequencing of newborns, San Diego companies and research institutes are revolutionizing healthcare as we know it,” said Kirby Brady, research director, San Diego Regional EDC. “Consistently ranked among the top five cities for startups and life sciences, as well as the #1 region for genomics patents in the U.S., San Diego brings more to the table than its beaches – we are changing lives and curing disease from the offices and labs throughout the region.”
KEY FINDINGS
San Diego precision health companies secured $1.3 billion in venture capital in 2018, to date.
San Diego precision health companies hold 825 registered trademarks, and 3,610 patents.
San Diego is home to more than 350 precision health companies, 80 research institutions, 30 hospitals, and five universities.
Economic impact of precision health in California (2017):
The report was produced by San Diego Regional EDC, and sponsored by Alexandria Real Estate Equities, Inc., CBRE, Kaiser Permanente, PricewaterhouseCoopers and Scripps Research.
California is home to numerous companies and research institutions that have been on the cutting edge of precision health approaches. The cluster has the potential to encompass nearly all of medicine and become a multibillion-dollar industry cluster, accounting for tens of thousands of jobs in the future.
And, San Diego is a global leader in precision health. The region’s precision health cluster is poised to revolutionize the delivery of healthcare across the globe and holds the promise of enabling each of us to live longer, healthier lives. From personalized cancer vaccines and precision diagnostics, to the rapid DNA sequencing of critically-ill newborns, San Diego has emerged as a world-renowned hub for its foundational research, intellectual property, and the demonstration of precision health.
Innovate78 is the collaborative outcome of five cities – Carlsbad, Escondido, Oceanside, San Marcos and Vista – coming together with a shared vision to boost economic prosperity along the 78 Corridor. From tech startups to life sciences and communications, North County is the place where innovation and lifestyle collide. Here, in the five forward-thinking communities that comprise the 78 Corridor, creative leaders are gathering to continue this momentum of innovation and success.
Together, we represent Innovate78, a hub of innovation, that is driving talent and creative capital to the 78 Corridor.
El Tratado de Libre Comercio de America del Norte (TLCAN) se promulgó el 1 de enero de 1994 y fue el primer acuerdo recíproco de este tipo entre países industrializados y en vías de desarrollo. En términos generales, el acuerdo buscaba reducir las barreras comerciales y aumentar el comercio e inversión entre los Estados Unidos, Canadá, y México. Este reporte usa datos disponibles para analizar y clarificar cómo TLCAN ha aumentado la competitividad económica en América del Norte y ha estimulado el crecimiento en la economía de innovación de Cali Baja, convirtiéndolo en uno de los acuerdos comerciales más beneficiosos y significativos de la historia.
El reporte fue producido por World Trade Center San Diego, Center for U.S.-Mexican Studies at UC San Diego School of Global Policy & Strategy y El Colegio de la Frontera Norte.
The North American Free Trade Agreement (NAFTA) was enacted on January 1, 1994, and was the first reciprocal agreement of its kind between industrial and developing countries. Broadly, the agreement sought to lower trade barriers and increase trade and investment between the United States, Canada, and Mexico. This report uses available data to analyze and illuminate how NAFTA has heightened economic competitiveness across North America and spurred growth in Cali Baja’s innovation economy, making it one of the most beneficial and significant trade agreements in history.
This report was produced by World Trade Center San Diego, supported by the Center for U.S.-Mexican Studies at UC San Diego School of Global Policy & Strategy and El Colegio de la Frontera Norte.
Reliable water infrastructure is an investment to the regional economy. Clean, reliable water supplies provide numerous economic benefits to San Diego County. Direct investments in water infrastructure, such as the construction of pipelines, dams, or treatment plants, ripple throughout the entire economy by creating new jobs, expanding business opportunities, and fostering economic competitiveness. This economic impact analysis evaluates how water infrastructure investments – developed by the San Diego County Water Authority – over the past 20 years have benefitted the region’s economy.
This report was produced with data provided by Bureau of Labor Statistics, EMSI, IMPLAN, San Diego County Water Authority.
