SOURCE: San Diego Regional Economic Development Corporation

July 06, 2007 09:01 ET

San Diego Region Among Most Innovative in the World: Local Business, Government, and Academic Leaders Create Regional Action Plan Amidst Increasing Global Competition

SAN DIEGO, CA--(Marketwire - July 6, 2007) - San Diego Regional Economic Development Corporation (EDC), the City of San Diego and the San Diego Institute for Policy Research will launch Partnership for the Global Economy Monday, July 9 at Gen-Probe Incorporated. A media event will be held at 9:00 a.m. immediately following this first Partnership meeting. Partnership co-chairs, including San Diego Mayor Jerry Sanders, will be available for a question-and-answer session and one-on-one interviews.

The initiative brings together local leaders to translate the findings of a recent economic study into concrete action plans for the region. The last regional Partnership in 1999 catalyzed UCSD's Rady School of Management, private sector support for Proposition A (TransNet), High Tech High, and won top awards from the U.S. Department of Commerce and CoreNet Global, the world's premier association for corporate real estate professionals.

Among the participants leading the initiative are Mayor Jerry Sanders, City of San Diego; Mayor Cheryl Cox, City of Chula Vista; Steven Francis, Chairman and Founder of the San Diego Institute for Policy Research; Hank Nordhoff, President & CEO, Gen-Probe Incorporated (NASDAQ: GPRO); and Dan Sullivan, Executive Vice President, QUALCOMM Incorporated (NASDAQ: QCOM). They will co-chair the Leadership Trust that will oversee the Partnership process.

"Keeping San Diego a competitive place to do business is vitally important," said co-chair Steven Francis. "A central reason why I founded the San Diego Institute for Policy Research was to focus on ways the public sector could learn from the private sector to ensure the region's long-term prosperity."

To launch the project, Partnership for the Global Economy released a study that lays out some of the challenges and opportunities facing the region. Its findings included the following:

--  San Diego's regional economy is changing rapidly. These shifts are
    producing benefits, but are also raising the stakes. San Diego must meet
    new challenges to keep pace in the global economy.
--  San Diego's global reach has grown substantially over the last decade.
    The region has broadened its existing international relationships and
    developed new partners in more countries.
--  San Diego's economic drivers are changing with the convergence of key
    industries and technologies. The region's strengths in life sciences,
    information technology, and advanced manufacturing are interacting in new,
    creative ways -- other sectors such as health services, visitor services,
    commercial and infrastructure construction, and professional services are
    becoming stronger economic drivers.
--  San Diego's challenge is to ensure that its economic drivers have the
    regional and global resources necessary to compete. Public and private
    leaders in other regions are working together to make strategic
    investments, grow their talent pools, and extend their global reach.
--  Benefiting from globalization requires hands-on regional leadership.
--  San Diego's growing participation in the new global innovation economy
    is expanding economic opportunity for a wide range of San Diegans.
    
Over the next two months Industry Cluster Forums will be convened to hear from CEOs of companies in the life sciences; information technology; defense, transportation, precision manufacturing; healthcare; infrastructure and construction; and hospitality industries. Industry leaders will analyze the findings of the economic study, conducted by Collaborative Economics and led by Doug Henton, its founder and president. Industry leaders will then report their recommendations back to the Leadership Trust. Action Teams will be formed around key issues, and later this year, specific Action Team plans will be rolled out.

"Partnership for the Global Economy follows an award-winning initiative led by EDC in 1999 called The Partnership for the New Economy," said Julie Meier Wright, president and CEO of San Diego Regional EDC. "The 1999 initiative sought to understand the competitiveness of San Diego for investment by key industry sectors important to the region's long-term prosperity. Today, in an increasingly global economy, we're presented with new challenges such as increased competition from other countries for human capital."

Wright noted that the 1999 Partnership framed much of EDC's policy and program agenda in recent years, including a focus on building a world-class management school, math-science education, capital formation, and infrastructure investment.

About San Diego Regional EDC

San Diego Regional Economic Development Corporation is the leading business development organization for the San Diego region. EDC markets the region for investment, with a focus on San Diego's growth industries -- life sciences, communications, software, electronics, and defense and space -- and on the public policy issues that affect the region's competitiveness for their investment and growth. For more information, please visit www.sandiegobusiness.org.

About San Diego Institute for Policy Research

The San Diego Institute for Policy Research, LLC ("SDI") is a non-partisan organization that formulates and promotes high quality economic, policy, and public-opinion research so as to improve the efficiency and effectiveness of local governments in San Diego County and to improve the quality of life enjoyed by the region's citizens. For more information, please visit www.sandiegoinstitute.com

About the City of San Diego

The largest city in the San Diego region and home to many of the 21st century industries on which the Partnership focuses, The City of San Diego is dedicated to helping foster the region's economic base to improve the quality of life for its citizens and business community. Earlier this year, San Diego Mayor Jerry Sanders announced a Cleantech initiative to promote the expansion, attraction and retention of businesses that develop products and technologies that provide environmentally sustainable solutions. For more information, please visit www.sandiego.gov

Partnership for the Global Economy is an initiative of San Diego Regional EDC, San Diego Institute for Policy Research, and the City of San Diego.

Contact Information

  • Media contact:
    Megan Carleton
    San Diego Regional Economic Development Corporation
    cell (619) 417-5884
    office (619) 234-8484
    direct (619) 615-2968
    Email Contact