REGIONALLY FOCUSED. GLOBALLY COMPETITIVE.

Similar documents
Lower Income Journey to Work Market Share From American Community Survey

Monthly Employment Watch: Milwaukee and the Nation's Largest Cities

Monthly Employment Watch: Milwaukee and the Nation's Largest Cities

University of Denver

Monthly Employment Watch: Milwaukee and the Nation's Largest Cities

MANGO MARKET DEVELOPMENT INDEX REPORT

Monthly Employment Watch: Milwaukee and the Nation's Largest Cities

High-Speed Rail: Realizing the Potential of Megaregion Economies

Monthly Employment Watch: Milwaukee and the Nation's Largest Cities

Mango Market Development Index

Park-Related Total* Expenditure per Resident, by City

Monthly Employment Watch: Milwaukee and the Nation's Largest Cities

Rank Place State Native Hawaiian and Pacific Islander population (alone or in combination

Higher Education in America s Metropolitan Areas A Statistical Profile

Hotel Valuation and Transaction Trends for the U.S. Lodging Industry

Location, Location, Location. 19 th Annual NIC Conference NIC MAP Data & Analysis Service

RANKING OF THE 100 MOST POPULOUS U.S. CITIES 12/7/ /31/2016

A COMPARISON OF THE MILWAUKEE METROPOLITAN AREA TO ITS PEERS

Parking Property Advisors and Parkopedia present: TOP 40 US CITIES PARKING INDEX

Get Smart Market Insights from Our Research Team Customer Conference

OB-GYN Workload & Potential Shortages: The Coming U.S. Women s Health Crisis

PUBLIC TRANSPORTATION INTRODUCTION

Census Affects Children in Poverty by Professors Donald Hernandez and Nancy Denton State University of New York, Albany

Appendix D: Aggregation Error for New England Metro Areas and for Places

Hotel Valuation and Transaction Trends For the U.S. Lodging Industry

Communicating the Importance of Seaports. Bringin It Home. Presented to AAPA Annual Convention Galveston, TX October 27, 2009

Major US City Preparedness For an Oil Crisis Which Cities and Metro Areas are Best Prepared for $4 a Gallon Gas and Beyond?

Major Metropolitan Area Sales Tax Rates

Metropolitan Votes and the 2012 U.S. Election: Population, GDP, Patents and Creative Class


16,000 50,000 WALKATHON CITIES WALKERS MILES

Aviation Insights No. 5

BLACK KNIGHT HPI REPORT

Access Across America: Transit 2014

U.S. Lodging Industry Update

ustravel.org/travelpromotion

MINNEAPOLIS TOURISM MASTER PLAN STEERING COMMITTEE MEETING AUGUST 24, 2016

National Housing Trends

World Class Airport For A World Class City

World Class Airport For A World Class City

Where We Stand: 8th Edition Chapter 1: Demographics November 2018

Glenn R. Mueller, Ph.D. Professor University of Denver. Franklin L. Burns School of Real Estate & Construction Management & Dividend Capital Research

University of Denver. Dividend Capital Research

Fort Lauderdale August 8, 2017

San Francisco Travel Association Selling in a Seller s Market DMO Perspective. May 21, 2014

Population Estimates for U.S. Cities Report 1: Fastest Growing Cities Based on Numeric Increase,

The Metropolitan Airports Commission and MSP International Airport

Hotel Valuation and Transaction Trends For the U.S. Lodging Industry

Glenn R. Mueller, Ph.D. Professor University of Denver. Franklin L. Burns School of Real Estate & Construction Management &

TOP 100 Bus Fleets Agency 35 ft. and Over Artic under 35 ft. Total. 18 < metro magazine SEPTEMBER/OCTOBER 2018 metro-magazine.

Real Estate Development Law Update h. February 15 th, Jeff Meyers Principal Meyers LLC (949) x200

TOP 100. Transit Bus Fleets Agency 35 ft. Over Artic and 35 ft. Total +/- under 0 3, ,426 82

District Match Data Availability

World Class Airport For A World Class City

Agency 35 ft. Over Artic. Trolley 2012 Total and 35 ft. under. 1 1 MTA New York City Transit 0 3, ,344 New York City

Passengers Boarded At The Top 50 U. S. Airports ( Updated April 2

Impact of Hurricane Irma on US Metropolitan Areas

International migration. Total net migration. Domestic migration

World Class Airport For A World Class City

FILED: NEW YORK COUNTY CLERK 10/14/ :25 PM INDEX NO / /4/2016 Office locations in US states: PwC

Emerging Trends in Real Estate Sustaining Momentum but Taking Nothing for Granted

Regional Outlook STEVEN G. COCHRANE, MANAGING DIRECTOR

Puget Sound Trends. Executive Board January 24, 2019

2016 Air Service Updates

Interest Bearing. Availability Schedule. April For Encoded Cash Letter Deposits received in Miami. Instructions. Schedule

Strategic Central Florida Location Big Bend Road & U.S. Highway 41

INDIANA INTERSTATE AND INTRASTATE LOCAL REDUCED CITY-PAIR FARES

Who Sprawls the Most?

Rent Monitor. First Quarter Vol. 83 % GROWTH IN NATIONAL RENTS BY SECTOR NATIONAL EFFECTIVE RENTS BY SECTOR TOP 5 MARKETS GAINING MOMENTUM**

WILL TOMORROW BE BETTER THAN YESTERDAY?

FBI Drug Demand Reduction Coordinators

Hector International Airport Fargo, North Dakota

Hector International Airport Fargo, North Dakota

Social Media In Your New & Improved Phoenix Sky Harbor

Factors Influencing Visitor's Choices of Urban Destinations in North America

International Convention Badges

TravelClick: Business Intelligence Lodging Outlook. Sara Duggan. Regional Vice President, Business Intelligence TravelClick 03/23/18

2012 Airfares CA Out-of-State City Pairs -

Westshore Development Forum April 11, Hillsborough County Aviation Authority

March Raymond James Institutional Investors Conference

The Returns to Single Family Rental Strategies

A COMPARISON OF THE MILWAUKEE METROPOLITAN AREA TO ITS PEERS

DIRECT FASTENING. 20V MAX * Cordless Concrete Nailer

ILLINOIS INTERSTATE AND INTRASTATE LOCAL REDUCED CITY-PAIR FARES

3 Aviation Demand Forecast

OBSERVERS. We shall not be moved NAACP. national Convention. advance registration form. 104 th ANNUAL CONVENTION

A CORPORATE OR MEDICAL USER OPPORTUNITY WELL-LOCATED OFF THE PA TURNPIKE AM Drive. Quakertown, PA INVESTMENT SUMMARY. Page 1

1Q 2014 Greater Atlanta HBA Builder Developer Lender Council meeting Information presented by. Atlanta Job Growth

EXECUTIVE SUMMARY. hospitality compensation as a share of total compensation at. Page 1

Millennials and the City Wherein Metro Areas In Larger Central Cities Outperformed the Suburbs (2010/15) What Happened in 2016?

Hector International Airport Fargo, North Dakota

MARKETBEAT U.S. Office

ANNUAL BUSINESS TRAVEL INDEX MARCH 2018

National Football League

Delta and Minnesota. January 29, 2015

2016 Air Service Updates

MARKETBEAT U.S. Office

MARKETBEAT U.S. Shopping Center Q4 2018

333 W. Campbell Road, Suite 440 Richardson, Texas Cruising for Charity with Randy Limbacher in Tahiti July 28, 2007

ECONOMIC IMPACT REPORT

Transcription:

ABOUT EDC WHO WE ARE Mission: San Diego Regional Economic Development Corporation s mission is to maximize the region s economic prosperity and global competitiveness.

Vision: The San Diego Region will be a pillar of the global economy and a magnet for investment, talent and innovation. Values: Collaboration, Integrity, Accountability, Innovation, Vision

WHAT WE DO Attraction Retention Economic Prosperity & Global Competitiveness Expansion

STRATEGIC SHIFT

KEY FACTS

ABOUT THE REGION The Cali Baja Bi National Mega Region includes San Diego County, Imperial County and Baja California 6.5 million people live in the MegaRegion In the next 40 years, San Diego County s population is expected to grow by 1.5M

2 major international airports, 3 land ports of entry & 2 major seaports

OUR ECONOMY OUR ECONOMY

CHALLENG ES AND ADVANTAGES

PEERS Primary Austin Boston Chicago Denver Philadelphia Portland Seattle Secondary New York Los Angeles San Francisco Washington DC

COST CHALLENGE Relative high costs present challenges for retaining our workforce and attracting new business COST OF LIVING COST OF DOING BUSINESS

New York San Francisco Washington DC Los Angeles Boston 216.7 164.0 140.1 136.4 132.5 San Francisco 106.6 LA 105.1 Portland 102.3 New York 101.3 San Diego 101 San Diego 132.3 Dallas 98.6 A Philadelphia Seattle Portland Denver Austin 119.6 119.1 111.3 103.2 95.5 Miami Seattle DC Boston Atlanta 92.8 92.6 92.4 91.9 86.7 Source: U.S. Census Bureau Source: KPMG; Competitive Alternatives lack of affordable HOUSING AFFORDABILITY housing options remains a talent retention issue LEAST MODERATE MOST New York 82 Austin Anaheim San Jose 86 86 Philadelphia 202 203 Baltimore 220 Indianapolis Kansas City Jacksonville 271 272

San Francisco 92 Chicago 225 Buffalo San Diego 101 Houston Los Angeles 103 Boston Seattle Portland Denver 141 149 167 170 Orlando Charlotte Phoenix Dallas Las Vegas 225 229 230 231 237 242 Columbus, OH Saint Louis Cincinnati Cleveland Atlanta Detroit National Association of REALTORs 276 282 286 292 299 315 352 571

TALENT ADVANTAGE SD is one of the youngest and most diverse regions in the US. %POP 18 34 %POP FOREIGN BORN

San Diego (#1) 27.3% Los Angeles 25.6% San Antonio 24.9% Riverside 24.8% Boston 24.7% Seattle 24.7% Washington DC 24.7% Houston 24.6% Denver 24.2% Dallas 24.0% Miami 38.8% Los Angeles 33.4% San Francisco 29.7% New York 28.5% San Diego (#5) 23.7% Houston 22.6% Washington DC 22.0% Riverside 21.3% Chicago 17.8% Dallas 17.5% Source: U.S. Census Bureau

TALENT ADVANTAGE Our population is one of the most educated, particularly in the STEM fields %POP DOCTORATE %DEGREE HOLDERS w/ STEM

Washington DC 3.0% Houston 40.6% Boston 2.9% San Diego (#2) 39.9% San in talent, average San Francisco 2.6% San Francisco 39.7% Baltimore 1.9% Seattle 39.6% San Diego (#5) 1.9% Baltimore Philadelphia 1.7% Seattle Portland science/mathematics 1.7% 1.6% Detroit Boston Portland New York 1.5% Philadelphia Minneapolis 1.5% Pittsburgh 39.2% 38.1% 37.9% 36.5% 36.4% 36.1% Source: U.S. Census Bureau Diego excels science and engineering better than in computer

TALENT ADVANTAGE % Workforce in STEM occupations, selected peers Region Comp/Math Sciences Engineering STEM Austin 5.9% 0.9% 3.0% 9.8% Denver 4.6% 1.1% 2.5% 8.2% Portland 3.4% 1.0% 3.0% 7.4% San Diego 3.5% 1.9% 3.1% 8.5% Seattle 7.0% 1.1% 3.1% 11.3% USA 2.8% 0.9% 1.8% 5.4% Source: BLS

San Diego STEM employees are generally paid higher than their peers in other metros Median wages in STEM occupations, selected peers

Region Comp/Math Sciences Engineering Austin $ 76,910 $ 53,330 $ 75,520 Denver $ 82,430 $ 63,660 $ 80,650 Portland $ 76,280 $ 65,030 $ 74,900 San Diego $ 85,070 $ 70,550 $ 85,380 Seattle $ 101,780 $ 65,000 $ 85,790 USA $ 77,860 $ 60,860 $ 74,530 TALENT ADVANTAGE

Source: BLS

LOOKI NG AHEAD 2015 ISSUES Talent Global Competitiveness and Connectedness

Federal Budget Instability Growth Industries Capital Economic Dislocation Metros as Economic Engines

GLOBAL COMPETITIVENESS

INITIATIVES

THANK YOU SANDIEGOBUSINESS.ORG Mark Cafferty President & CEO cafferty@sandiegobusiness.or g