SOURCE: San Diego Regional EDC

San Diego Regional EDC

July 08, 2011 22:46 ET

San Diego Regional Economic Development Corporation (EDC) Continues Search for New CEO

SAN DIEGO, CA--(Marketwire - Jul 8, 2011) - San Diego Regional Economic Development Corporation (EDC) announced today that Barry Broome reversed his decision to become the organization's new President and CEO.

"Although I committed to the EDC, there was an overwhelming response from the Greater Phoenix community for me to stay, and I felt compelled to honor this tremendous support," said Broome. "EDC is an outstanding organization, and San Diego is an incredible market. I wish both the group and community well."

EDC leaders learned this afternoon from Broome that he changed his mind.

"Barry accepted the position then changed his mind," said EDC Chair Debbie Reed, CEO, Sempra Energy. "We are disappointed with this decision, especially after announcing it publicly. However, San Diego has one of the world's most diverse economies, and we have had interest in the position from some of the country's top economic development professionals. We will move forward."

EDC's executive search committee will convene to secure a leader committed to San Diego and to the organization's new regional jobs-development strategy, which sets a goal of growing 220,000 jobs by 2020 in partnership with industry associations representing life sciences, clean tech, communications, software, electronics and defense.

San Diego Regional Economic Development Corporation is supported by more than 150 of San Diego's largest companies and most influential business leaders. EDC's mission is to promote the region for investment; attract, retain and help expand companies in the region; ensure the region's competitiveness for investment through a private sector-driven agenda that supports growth and expansion of high-wage, high-growth industries in the region.

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