SDBJ WEEKLY EDITION
Since it was invented, the Internet has become a necessity in the lives of many. With it, we engage in commerce, games, communication, learning, and we start and grow businesses.
In last week’s column I encouraged readers to support the San Diego Regional Chamber of Commerce in their stated effort to make San Diego more business friendly. Little did I know how much work there is to do.
Renowned San Diego architect Frederick Liebhardt’s final design cantilevers down a hillside overlooking the San Diego Yacht Club, Point Loma, the city of San Diego, and the San Diego-Coronado Bridge — it is the definition of timeless architecture.
Of the 100 companies featured in the Aug. 18 issue of the San Diego Business Journal named among the “Best Places to Work” in San Diego County, only ten pay 100 percent of an employee’s health insurance premiums.
BENEFITS: Wellness Programs Are Part of Employee-Health Strategy
Employer wellness programs have grown rapidly in recent years in part to tackle skyrocketing health care insurance premium costs, with a side goal of improving the wellness and productivity of the workforce. Biometric screenings are a large part of wellness programs.
Charity for Hope, a multipurpose nonprofit, hosted its inaugural Industry Charity Golf Tournament recently at Sycuan Golf Resort. At the golf tournament, Charity for Hope presented a $5,000 academic scholarship to Leuva Patidar Samaj of USA, a nonprofit organization dedicated to preserving the Indian culture and educational community advancement. Donations from sponsors and more than 80 attendees will fund future community contributions, including existing nonprofit charitable organizations such as orphanages, hospitals, disaster relief foundations and educational funds for the less advantaged.
Kratos Defense & Security Solutions Inc. doesn’t exactly shout it from the rooftops, but electronics built by one of the San Diego company’s subsidiaries play a role in Iron Dome, Israel’s missile defense system which has been much in the news with the conflict in Gaza.
If a local restaurateur’s plans come to fruition, the next big arrival at the ever-evolving Liberty Station, in San Diego’s Point Loma neighborhood, will be a 21,000-square-foot public market that will put dozens of artisans and food vendors under one roof at the former Naval Training Center.
The Bank of Southern California, based in Carmel Valley and with six branches, grew its total assets and net income in the second quarter, reflecting a general recovery the region is finally seeing.
LAW: Threat of Shareholder Lawsuits Is Business as Usual For Acquisitions These Day
When San Diego-based Peregrine Semiconductor Corp. announced its decision to sell the company for a 63 percent premium above its market value, at least eight law firms announced investigations into the chip maker’s business the same day, alleging its shareholders were getting short-changed on the offer price.
AGRICULTURE: Co. Improves Crop Yield, Cuts Maturation Time
SGB Inc., a local agricultural biotech company, has closed an $11 million Series C financing round to help drive the commercial roll out of its hybrid crops — a low-cost and sustainable plant-based option for fuel, energy-producing biomass and protein in animal feed.
LABOR: Commercial Business Including 5 Tankers Drives Need
After half a decade of job cuts, General Dynamics Nassco is changing course by hiring large amounts of workers.
SECURITY: Touch Screen Device Works Quickly and Doesn’t Need Administrator
Phil Sprague has seen his share of liars in his career, having worked as a police officer and a criminal investigator.
Opponents of a planned hike in San Diego’s minimum wage said they have collected more than 56,000 petition signatures, well above the 34,000 required to place the issue before voters.
The Pentagon announced that it awarded several military construction contracts to San Diego County companies.
LAW: Measure Said To Increase Cost of Care by $9.9 Billion
Local government organizations and business coalitions are banding together to oppose a health care ballot initiative they say is fiscally irresponsible and damaging to taxpayers.
TRIP, a national transportation research group in Washington, D.C., releases a report about California’s horrible road conditions, and San Diego is among the counties included in the survey.
PROPERTY: New Mixed-Use, Apartments Planned for Area
Two more projects were recently added to a growing list of developments in the works for San Diego’s already-busy Mission Valley neighborhood.
BIOTECH: Product’s First Target is Poultry Processing
Pure Bioscience Inc., a company in El Cajon, has acquired $7.9 million in private financing to continue development of its nontoxic antimicrobial, SDC, which can be sprayed directly on food to kill harmful bacteria such as salmonella and E. coli.
PRODUCTION: Advanced Manufacturing Is Increasing But Will Its Worker Pool?
The work at Rancho Bernardo’s D&K Engineering isn’t easy to classify.
PROPERTY: Carlsbad Tries To Revitalize Small Spaces
The leader of Urban Place Consulting Group likens it to the urban-planning version of what the software industry calls beta testing.
Economic growth, job creation, and maintaining global competitiveness have to be at the top of any congressional priority list. The Export-Import Bank is a key component in our country’s competitiveness strategy, supporting hundreds of thousands of jobs while promoting economic growth.
Late last month the San Diego Regional Chamber of Commerce announced that the organization was taking a new direction: political activism, advocacy and improved communications with members and nonmembers alike. The chamber’s ultimate goal is to make San Diego the most business friendly community in California.
In a single decade Greg Lucier transformed a small biotech startup, Invitrogen Corp., with 1,500 employees into Life Technologies Corp., an international giant with more than 12,000 employees, 5,000 patents, 50,000 products and nearly $4 billion in sales in more than 180 countries.
FINANCE: Biotechs Still Eyeing IPOs; VC Backing Is Strong in 2nd Quarter
Venture capital investment in the biotechnology sector of San Diego continues to climb despite the industry’s reputation of being volatile and risky.
I Love A Clean San Diego is celebrating its 30th anniversary Sept. 20 by hosting Coastal Cleanup Day.
Higgs Fletcher & Mack LLP is 75 years young this year and last week held a fine reception to recognize that in its newly remodeled, 26th floor offices downtown.
Electric vehicles are making inroads on local roads.
INSURANCE: Plan Provides Primary Care In Mexico for Workers
A Chula Vista-based company is bringing a new offering to the table providing cross-border health options for people living and working on both sides of the U.S.-Mexico border.
Accion San Diego, the local microfinance lender that makes loans from $300 to $75,000, recently received the largest grant in its 20-year history when the U.S. Treasury Department gave it $880,000.