Economy of San Diego
The
The largest sectors of the San Diego's economy are
Defense and military
The economy of San Diego is influenced by its deepwater port, which includes the only major submarine and shipbuilding yards on the West Coast.[5] Several major national defense contractors were started and are headquartered in San Diego, including General Atomics, Cubic, and NASSCO.[6][7]
San Diego hosts the largest naval fleet in the world:[8] In 2008 it was home to 53 ships, over 120 tenant commands, and more than 35,000 sailors, soldiers, Department of Defense civilian employees and contractors.[9] San Diego is home to the California National Guard's 79th Infantry Brigade Combat team.[10] About 5 percent of all civilian jobs in the county are military-related, and 15,000 businesses in San Diego County rely on Department of Defense contracts.[9]
Military bases in San Diego include US Navy facilities, Marine Corps bases, and
The city is "home to the majority of the U.S. Pacific Fleet's surface combatants, all of the Navy's West Coast amphibious ships and a variety of Coast Guard and Military Sealift Command vessels".
Tourism
Tourism is a major industry owing to the city's climate, its
San Diego County hosted more than 32 million visitors in 2012, of whom approximately half stayed overnight and half were day visitors; collectively they spent an estimated $8 billion locally, with a regional economic impact of more than $18 billion. The visitor industry provides employment for more than 160,000 people.[22] The San Diego Convention Center hosted 68 out-of-town conventions and trade shows in 2009, attracting more than 600,000 visitors.[22] Transient Occupancy Taxes (TOT) have created funding for the City of San Diego Commission for Arts and Culture.[23]
San Diego's cruise ship industry used to be the second-largest in California. Each cruise ship call injects an estimated $2 million (from the purchase of food, fuel, supplies, and maintenance services, not counting the money spent by the tourists) into the local economy.
There are local cruises in San Diego Bay and Mission Bay, available through companies such as Hornblower and H&M. These include sightseeing and "sunset" cruises as well as private-event or "party" cruises. Also available are whale watching cruises to observe the migration of tens of thousands of gray whales that pass by San Diego, peaking in mid-January,[27] and year-round sport fishing expeditions.
International trade
San Diego's commercial port and its location on the
The city shares a 15-mile (24 km) border with Mexico that includes two border crossings. San Diego hosts the busiest international border crossing in the world, in the San Ysidro neighborhood at the
One of the Port of San Diego's two
Technology
San Diego hosts several major producers of wireless cellular technology.
In 2010, former Governor Arnold Schwarzenegger's Office of Economic Development designated San Diego as an iHub Innovation Center for collaboration potentially between wireless and life sciences, citing the area's wireless business, pharmaceutical research and start-ups for medical devices and diagnostics.[39]
According to the Center for American Entrepreneurship, San Diego was among the top ten cities for technology in 2016–2017, based on the number of local deals.[40]
Life sciences
The presence of the
Real estate
Prior to 2006, San Diego experienced a dramatic growth of real estate prices, to the extent that the situation was sometimes described as a "housing affordability crisis". Median single family home prices more than tripled between 1998 and 2007. According to the California Association of Realtors, in May 2007 a median house in San Diego cost $612,370.
San Diego home prices peaked in 2005, then declined as part of a nationwide trend. As of December 2010, home prices were 60 percent higher than in 2000, but down 36 percent from the peak in 2005.[48] The median home price declined by more than $200,000 between 2005 and 2010, and sales dropped by 50 percent.[49]
Top employers
According to the city's 2017 Comprehensive Annual Financial Report,[50] the top employers in the city are:
Employer | Number of employees |
---|---|
Naval Base San Diego | 34,185 |
University of California, San Diego | 30,130 |
San Diego County | 19,131 |
Sharp HealthCare | 17,976 |
San Diego Unified School District | 13,815 |
Qualcomm | 11,830 |
Scripps Health | 11,807 |
City of San Diego | 11,454 |
Kaiser Permanente | 9,066 |
San Diego Community College District | 6,564 |
Historically tuna fishing and canning was one of San Diego's major industries,[51] and although the American tuna fishing fleet is no longer based in San Diego, seafood company Bumble Bee Foods is still headquartered there.[52][53]
See also
References
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- ^ "City of San Diego website: Economic Development". Sandiego.gov. Archived from the original on May 6, 2011. Retrieved April 11, 2011.
- San Diego Union-Tribune. Retrieved April 22, 2009.
- ^ Post, Tom (March 13, 2014). "The Best Places To Launch A Startup In 2014". Forbes. Retrieved 15 June 2015.
- ^ Ronald D. White (July 3, 2011). "Full steam ahead for Nassco shipyard in San Diego". Los Angeles Times. Retrieved September 1, 2012.
- ^ "S.D. companies dominate defense industry rankings". San Diego Union Tribune. August 11, 2010. Retrieved September 1, 2012.
- ^ "San Diego" (PDF). San Diego Convention Center Corporation. City of San Diego. Archived from the original (PDF) on May 5, 2012. Retrieved September 1, 2012.
Several major defense contractors are also headquartered in San Diego, including General Atomics, Cubic and NASSCO.
- ^ Eric Terrill; Julia Thomas, Anne Footer. "Submitted in response to Federal Funding Opportunity: FY 2011 Implementation of the U.S. Integrated Ocean Observing System (IOOS)" (PDF). Southern California Coastal Ocean Observing System. University of California, San Diego. Retrieved April 21, 2011.
- ^ "79th Infantry Brigade Combat Team (IBCT)". calguard.ca.gov/. State of California. 2013. Retrieved June 29, 2014.
- ^ "San Diego: the Birthplace of Naval Aviation Part One". San Diego Air & Space Museum. Retrieved March 28, 2011.
- ^ Tierney Plumb (August 24, 2012). "San Diego companies lead state in '11 defense contracts". San Diego Daily Transcript. Retrieved September 1, 2012.
San Diego houses the largest concentration of military in the world; it is the homeport to more than 60 percent of the ships of the U.S. Pacific Fleet and more than one-third of the combat power of the U.S. Marine Corps.
- ^ Kovach, Gretel C.; Kenney, Mary (June 15, 2011). "Carrier Carl Vinson returns home to San Diego". Union Tribune. Retrieved June 20, 2011.
- ^ a b "List of Homeports". Chief of Information. United States Navy. Retrieved September 1, 2012.
- ^ Beth Ford Roth (May 9, 2012). "USS Ronald Reagan Coming Home To San Diego In 2013". KPBS Home Post (blog). Retrieved September 1, 2012.
- ^ Phillip Kurata (April 19, 2012). "U.S. Hospital Ship to Help Asian Countries Prepare for Disasters". Bureau of International Information Programs. United States Department of State. Retrieved September 1, 2012.
The USNS Mercy leaves its home port of San Diego May 1 bound for Indonesia, the Philippines, Vietnam and Cambodia.
- ^ Donna Miles (August 31, 2012). "Pacific Partnership Crew Monitors Philippine Earthquake Situation". American Forces Press Service. United States Defense of Defense. Retrieved September 1, 2012.
- ^ "USS San Diego". San Diego Navy Historical Association. Archived from the original on June 21, 2006. Retrieved April 22, 2009.
- ^ Dickerman, Sara (May 25, 2012). "Beyond San Diego's Surf and Sun: Suds". New York Times. Retrieved May 30, 2012.
- ^ "San Diego Kicks Off First-Ever Beer Week". The Full Pint. August 17, 2009. Retrieved May 30, 2012.
- ISBN 978-0981622231.
- ^ a b "San Diego Tourism Industry Research". San Diego Tourism Authority. 2012. Archived from the original on December 21, 2016. Retrieved July 16, 2013.
- ^ "Commission for Arts and Culture: Funding". City of San Diego. Retrieved April 18, 2011.
- ^ "Summary of the Economic and fiscal Impact of Port Tidelands on the Region". Unified Port of San Diego. 2007. Archived from the original on September 27, 2011. Retrieved August 31, 2011.
- ^ a b Lori Weisberg (May 6, 2011). "San Diego losing another cruise ship". San Diego Union-Tribune. Retrieved August 31, 2011.
- ^ "Carnival Cruise Lines pulling out of San Diego". San Diego Union Tribune. January 13, 2011. Retrieved August 31, 2011.
- ^ "Whale Watching in San Diego". InTheCity-SanDiego Tourism. 2011–2012. Archived from the original on February 7, 2012. Retrieved February 19, 2012.
- ^ "City of San Diego:Foreign Trade Zone". Archived from the original on May 2, 2011. Retrieved April 28, 2011.
- ^ "Number of border crossings stabilizes". San Diego Union-Tribune. July 11, 2010. Retrieved April 28, 2011.
- ^ "SANDAG: Otay Mesa Port of Entry Southbound Truck Route Improvements" (PDF). sandiegohealth.org. Retrieved April 28, 2011.
- ^ "Port of San Diego:10th Avenue Marine Terminal". Archived from the original on May 5, 2011. Retrieved April 28, 2011.
- ^ "National ranking of California ports by cargo volume". San Diego Daily Transcript. March 21, 2011. Retrieved April 28, 2011.
- ^ "City Of San Diego Largest Employers". San Diego Daily Transcript. Retrieved April 22, 2009.
- ^ Glazer, Joyce (October 6, 2008). "San Diego-based LG Mobile Phones donated $250,000 to the VH1 Save the Music Foundation". Entrepreneur Media. Archived from the original on July 24, 2013. Retrieved March 18, 2011.
- ^ Desjardins, Doug (January 11, 2010). "Kyocera International to Get New Leader". San Diego Business Journal. Archived from the original on May 25, 2017. Retrieved March 20, 2011.
- ^ "Novatel website: Corporate headquarters". Retrieved April 11, 2011.
- ^ "Websense Named Top Software Company in San Diego County". NBC News. November 6, 2007. Retrieved April 22, 2009.
- ^ Allen, Mike (September 20, 2010). "ESET Polishes the Apple, Now Protects Macs". San Diego Business Journal. Retrieved March 20, 2011.
- ^ "iHub San Diego" (PDF). California Governor's Office of Economic Development. Archived from the original (PDF) on July 18, 2011. Retrieved April 7, 2011.
- ^ "America's Rising Startup Communities". The Center for American Entrepreneurship. Retrieved January 10, 2019.
- ^ Doyle, Monica (February 5, 2004). "UCSD Extension Awarded A $150,000 Grant For Biotechnology Collaboration With Israel". UCSD News. Retrieved April 22, 2009.
- ^ "2018 California Life Sciences Industry Report". califesciences.org/. Retrieved December 21, 2018.
- S2CID 154435216. Archived from the originalon July 24, 2013. Retrieved November 4, 2010.
- ^ Bigelow, Bruce V. "San Diego's Life Sciences CROs—The Map of Clinical Research Organizations", "Xconomy", San Diego, January 27, 2010.
- ^ California Association of Realtors (June 25, 2007). "C.A.R. Reports Sales Decrease 25 Percent in May, Median Price of a Home in California at $591,180, up 4.8 Percent from Year Ago". Business Wire. Retrieved April 22, 2009.
- ^ Cox, Wendell (January 28, 2009). "New Survey: Improving Housing Affordability – But Still a Way to Go". NewGeography. Retrieved June 20, 2013.
- San Diego Union-Tribune. Retrieved April 22, 2009.
- ^ Freeman, Mike (December 29, 2010). "Housing Prices Fall Again, Index Says". San Diego Union Tribune. Retrieved May 4, 2011.
- ^ Showley, Roger (May 9, 2010). "Realty Revival". San Diego Union Tribune. Retrieved May 4, 2011.
- ^ City of San Diego, California Comprehensive Annual Financial Report, for the Year ended June 30, 2017
- ^ "Tuna! Celebrating San Diego's Famous Fishing Industry". San Diego History Center. Retrieved September 1, 2012.
- ^ Roger Showley (January 29, 2013). "Bumble Bee may buzz downtown: The tuna company considers high-profile move from Kearny Mesa". San Diego Union Tribune. Archived from the original on July 24, 2013. Retrieved February 3, 2013.
- ^ "Chicken of the Sea leases in Sorrento South". The Daily Transcript. August 22, 2011. Retrieved February 3, 2013.