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Published byJacob Powell Modified over 9 years ago
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San Diego Region Economic Overview
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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
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Gross Regional Product (billions) Source: National University System/San Diego Institute for Policy Research. e = estimate; f = forecast Totals adjusted for inflation
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Gross Regional Product (annual % change) Source: National University System/San Diego Institute for Policy Research. e = estimate; f = forecast Using constant 2001 dollars; not adjusted for inflation 20012002200320042005200620072008e2009f
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If San Diego Were a Country… 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 2007 GDP Rank Source: National University System/San Diego Institute for Policy Research; World Bank
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Annual Population Growth (thousands) Source: California Department of Finance
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City and County Facts 8 th Largest U.S. City 17 th Largest Metro Area 26 th Largest TV Market 84% of Population Lives in the 18 Incorporated Cities 67% of County Off Limits to Development
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Traditional Sector Employment Natural Resources50066.7% Agriculture11,000-3.5% Construction77,90011.8% Manufacturing100,700-17.9% Services1,122,50012.1% November 08 Jobs ’00-08 Change Source: California Employment Development Department
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Traditional Sector Employment November 08 Jobs ’00-08 Change Services1,122,50012.1% Retail Trade146,9009.8% Financial Activities74,4004.5% Professional/Business216,40010.9% Educational/Health134,30016.5% Leisure/Hospitality161,90025.5% Government227,1009.9% Source: California Employment Development Department
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Source: San Diego Association of Governments; Rich’s BioScience Directory; California Employment Development Department. Wages in 2007 dollars. Biotechnology39,985$84,679 Telecommunications26,606$119,392 Defense Manufacturing20,189$75,328 Software14,653$86,784 Computers/Electronics13,396$83,414 Total High-Tech Clusters114,829n/a Total Non-Farm Jobs1,308,200$46,350 ’07 JobsClusterAve. Wage High-Tech Employment Clusters
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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 Source: San Diego Business Journal Book of Lists; Rich’s High-Tech Directory Cleantech Aptera Kyocera Solar Sapphire Energy Synthetic Genomics Defense Cubic General Atomics Goodrich Aerostructures Lockheed Martin General Dynamics NASSCO SAIC Solar Turbines
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High-Tech Employment Clusters
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Economic Impact of Clusters (billions) Source: San Diego Association of Governments Annual impact in 2007 dollars $3.7 $9.1 $9.7 $12.3
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Venture Capital Funding (millions) Source: PricewaterhouseCoopers MoneyTree Survey; UCSD
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VC Funding by Industry (2008) Source: PricewaterhouseCoopers MoneyTree Survey; UCSD
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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
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Evolution of a High-Tech Economy Source: Scripps Institution of Oceanography; U.S. Navy; “The Future Takes Wing”; SPAWAR; General Atomics; UCSD; CleanTECH San Diego 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
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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
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