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San Diego Region Economic Overview. San Diego Regional EDC. Private, non-profit; some fee-for-service public contracts 250 corporate investors 43-year history Business Development + Policy = Economic Development Focused on: Business attraction, retention, expansion

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san diego regional edc
San Diego Regional EDC

Private, non-profit; some fee-for-service public contracts

250 corporate investors

43-year history

Business Development + Policy = Economic Development

Focused on:

Business attraction, retention, expansion

Leadership on regional policy issues

gross regional product billions
Gross Regional Product (billions)

Totals adjusted for inflation

Source: National University System/San Diego Institute for Policy Research. e = estimate; f = forecast

gross regional product annual change
Gross Regional Product (annual % change)

Using constant 2001 dollars; not adjusted for inflation

2001

2002

2003

2004

2005

2006

2007

2008e

2009f

Source: National University System/San Diego Institute for Policy Research. e = estimate; f = forecast

if san diego were a country
If San Diego Were a Country…

2007 GDP

Rank

39. Czech Republic $168.1 Billion

40. Romania $166.0 Billion

41. Nigeria $165.7 Billion

San Diego $164.7 Billion

42. Chile $163.9 Billion

43. Israel $161.8 Billion

Source: National University System/San Diego Institute for Policy Research; World Bank

annual population growth thousands
Annual Population Growth (thousands)

Source: California Department of Finance

city and county facts
City and County Facts

8th Largest U.S. City

17th Largest Metro Area

26th Largest TV Market

84% of Population Lives in the 18 Incorporated Cities

67% of County Off Limits

to Development

traditional sector employment
Traditional Sector Employment

’00-08 Change

November 08 Jobs

Natural Resources 500 66.7%

Agriculture 11,000 -3.5%

Construction 77,900 11.8%

Manufacturing 100,700 -17.9%

Services 1,122,500 12.1%

Source: California Employment Development Department

traditional sector employment9
Traditional Sector Employment

’00-08 Change

November 08 Jobs

Services 1,122,500 12.1%

Retail Trade 146,900 9.8%

Financial Activities 74,400 4.5%

Professional/Business 216,400 10.9%

Educational/Health 134,300 16.5%

Leisure/Hospitality 161,900 25.5%

Government 227,100 9.9%

Source: California Employment Development Department

high tech employment clusters
High-Tech Employment Clusters

Cluster

’07 Jobs

Ave. Wage

Biotechnology 39,985 $84,679

Telecommunications 26,606 $119,392

Defense Manufacturing 20,189 $75,328

Software 14,653 $86,784

Computers/Electronics 13,396 $83,414

Total High-Tech Clusters 114,829 n/a

Total Non-Farm Jobs 1,308,200 $46,350

Source: San Diego Association of Governments; Rich’s BioScience Directory; California Employment Development Department. Wages in 2007 dollars.

major players in san diego
Major Players in San Diego

Biotechnology

Biogen Idec

Gen-Probe

Genentech

Life Technologies

Johnson & Johnson

Pfizer

Electronics

BAE Systems

Cohu

Hewlett-Packard

Sony

Sun Microsystems

Telecom/IT

L-3 Communications

Motorola

Nokia

Qualcomm Inc.

ViaSat

Software

Claritas

ESET

Intuit

Predicate Logic

Websense

Cleantech

Aptera

Kyocera Solar

Sapphire Energy

Synthetic Genomics

Defense

Cubic

General Atomics

Goodrich Aerostructures

Lockheed Martin

General Dynamics NASSCO

SAIC

Solar Turbines

Source: San Diego Business Journal Book of Lists; Rich’s High-Tech Directory

economic impact of clusters billions
Economic Impact of Clusters (billions)

Annual impact in 2007 dollars

$12.3

$9.7

$9.7

$9.1

$3.7

Source: San Diego Association of Governments

venture capital funding millions
Venture Capital Funding (millions)

Source: PricewaterhouseCoopers MoneyTree Survey; UCSD

vc funding by industry 2008
VC Funding by Industry (2008)

Source: PricewaterhouseCoopers MoneyTree Survey; UCSD

evolution of a high tech economy
Evolution of a High-Tech Economy
  • 1903 – Scripps Institution of Oceanography
  • 1917 – Birthplace of naval aviation: North Island
  • 1934 – Consolidated Aircraft (Convair)
  • 1940 – Navy Radio Lab (now SPAWAR)
  • 1955 – General Atomics
  • 1959 – UCSD
  • 1962 – Salk Institute for Biological Studies

Source: Scripps Institution of Oceanography; U.S. Navy; “The Future Takes Wing”; SPAWAR; General Atomics; UCSD

evolution of a high tech economy24
Evolution of a High-Tech Economy
  • 1969 – Linkabit, SAIC
  • 1978 – Hybritech
  • 1985 – Qualcomm Inc.
  • 2000 – Cal-(IT)2
  • 2006 – Sanford Consortium for Regenerative Medicine
  • 2007 – San Diego-EDC cleantech cluster analysis
  • 2007 – CleanTECH San Diego
  • 2008 – San Diego-Imperial-Baja Mega-Region Initiative

Source: Scripps Institution of Oceanography; U.S. Navy; “The Future Takes Wing”; SPAWAR; General Atomics; UCSD; CleanTECH San Diego

why san diego
Why San Diego?
  • 1,000+ biotech, telecom, IT and defense companies
  • 210+ cleantech companies
  • UCSD, Scripps Institution of Oceanography
  • Burnham, Salk, Scripps and other world-class institutes
  • Science, talent, funding, support services
  • Legendary spirit of cooperation
  • Culture of serial entrepreneurism