Invest. Innovate. Grow.. Tijuana – San Diego Border Note: Picture -Tijuana EDC.

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Presentation transcript:

Invest. Innovate. Grow.

Tijuana – San Diego Border Note: Picture -Tijuana EDC

Invest. Innovate. Grow. Globally Competitive China: times they are changin’ Boston Consulting Group: by 2015, China mfg costs approx. $4.50/hr Total China costs for mfg & logistics to North American markets increasing KPMG: 2012 Competitive Alternatives study found little difference in Mexico v China costs One of San Diego’s unique advantages is nearshore proximity to lower-cost, globally competitive manufacturing in Baja California Note: slide from Crossborder Group

Invest. Innovate. Grow. Competitive Industries Note: slide from Crossborder Group

Invest. Innovate. Grow. U.S. – Mexico Trade - Growin U.S. – Mexico Trade - Growing (Billions of Dollars) Note: slide from SANDAG

Invest. Innovate. Grow. US – Mexico Border 1.Source: U.S. Bureau of Economic Analysis / Inegi (2011) 4th or 5th GDP in World (IMF or World Bank) Number of States – Mexico6 – US4 Population (millions) – Mexico19.7 – US70.9 Economic Size (Billions) – Mexico159 – US3,341 – Total 3,500

Invest. Innovate. Grow. Opportunity Cost of Border Wait Times Value of Lost Economic Benefits U.S. – Mexico (Wait Time Ranges: Cars hrs; Trucks 1-6 hrs) 62,000 Jobs Lost = $7.2 Billion in Output Lost = 4 Google Companies 18 Super Bowls Note: slide from SANDAG

Invest. Innovate. Grow. Why a Mega-Region “The real driving force of the world economy is a new and incredibly powerful economic unit: the mega-region… China is not our real competitor. Rather, we should be thinking about the great mega-regions around Shanghai, Beijing and the Hong Kong- Shenzhen corridor.” Richard Florida, April 2008

Invest. Innovate. Grow. What is a Mega-Region? Source: America2050.org Our Mega-Region

Invest. Innovate. Grow.

CaliBaja Strategy: Complimentary Capabilities Baja California Sophisticated manufacturing: aerospace- MedDev… Competitively priced labor Steady supply of engineers International trade logistics Imperial County San Diego County Renewable energy sources: geothermal, solar, wind Knowledge based economy: Telecomm, Software, Biotech Large tracts of developable land Educated Workforce WaterWorld class academic and research centers Agri-businessQuality of Life

Invest. Innovate. Grow. Finding Common Ground: Five Strategic Industries Cleantech Advanced Manufacturing Applied Biotech Logistics Source: Agribusiness

Invest. Innovate. Grow. CaliBaja.org Economic Development Tool

Invest. Innovate. Grow. Asset Map - Strategic Industries

Invest. Innovate. Grow. CaliBaja Strategic Industries: Advanced Manufacturing

Invest. Innovate. Grow.