San Diego Business Journal

SDBJ WEEKLY EDITION

In Case of Success Break Glass

LEADERSHIP: In a Time of Solid Ceilings, These 2 Women Shattered StereotypesIn a recent study conducted by The Center for Women’s Business Research, with support from Wal-Mart Stores Inc. and the National Women’s Business Council, the economic impact of the estimated 8 million U.S. majority women-owned businesses is $3 trillion.

By Marion Webb July 3, 2014 3:05 p.m.   $$ Share

Commentary: Business’ Support for Financial Literacy Essential

Without properly enlightened prospects and customers, it is safe to say the San Diego business community will most likely diminish in expansion and accomplishment.

United Way, Volunteers Help Make Reading Part of Kids’ Summer

For the third year, United Way of San Diego County’s Day of Action helped San Diego families who cannot afford to buy summer reading books for their children.

Millennials Prove to Be Hard to Place Because of Expectations

STAFFING: Demographic Will Account for Nearly Half of Workforce by 2020

Retiring baby boomers are being replaced in the job market by a group of young professionals notoriously difficult to employ. While millennials have a reputation for high expectations and a sense of entitlement, recruiters and employers may need to accept that there is a new normal in the talent pool.

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Executive Q&A: Tom Porter, president of Marquee Staffing

Tom Porter is president of Marquee Staffing, a provider of staffing, recruiting and placement services in Southern California, with three offices in the region. He founded the company in 1989.

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More Than a Filling

STAFFING: In a Technology-Driven World, Placement Services Must Bring Top Talents to the Table

It sounds almost illogical: Engineers are in great demand, yet many working in the engineering-intense San Diego area are temps working on relatively short-term assignments. It is estimated that up to 20 percent of the engineers working in San Diego today are on temporary assignments.

Procopio’s New Associates Bring Diverse Talents to Its Team

Procopio, Cory, Hargreaves & Savitch LLP has hired three new associates: Trent Andrews, Natalie Mueller and Juan Pablo Zaragoza. Andrews’ practice encompasses business and corporate matters, including mergers, acquisitions, venture capital and private equity financings, securities matters, leveraged buyouts, corporate governance and other complex business transactions.

Co.’s Sophisticated Bomb Detection Is the Ticket for Airports

Turn on your cellphones, show off your tiny bottles of liquids and enjoy your flight.

Seacoast Commerce’s Quarterly Profit Doubles from 2Q 2013

Seacoast Commerce Bank was the area’s first community bank to deliver its second-quarter results, and it set the bar fairly high. For the quarter ended June 30, Seacoast Commerce, now in its 11th year and headquartered in Rancho Bernardo, reported net income of $501,000, or double what it did in profit for the same quarter of 2013.

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Cross-Border Terminal Construction Underway

Developers and San Diego civic leaders recently announced the official start of U.S. construction for a new $120 million cross-border pedestrian bridge linking Otay Mesa with Tijuana International Airport.

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Kleinfelder Sees Downtown as Central Place to Expand Globally

ENGINEERING: Access To Work And Workers a Key Driver in Co.’s Strategy

The increasingly overlapping worlds of energy, transportation and the environment figure into the business expansion plans of San Diego-based Kleinfelder Inc., and they were also a factor in the recent move of its headquarters to downtown San Diego.

County Retirees’ Group Cedes All Investment Decision-Making

Finance: Salient Praised For Better Returns; Board Extends Contract to 2019

The county’s employee pension fund, which exceeds $10 billion as of June, is now totally controlled by its outside chief investment officer, Salient Partners of Houston.

As Economic Engine Revs Up, Car Buying Increases in County

AUTO: 2014 New Vehicle Sales Forecast Near 150,000

New car sales, a key bellwether for the health of the economy, continued rising this year in San Diego and were on track to break last year’s record number of about 140,000, according to the New Car Dealers Association of San Diego County.

MJD Interactive Builds App for Sega Game Promo at Comic-Con

TOURISM: Success With App at 2013 Convention Leads to Ongoing Projects

Video game maker Sega has enlisted San Diego-based digital ad agency MJD Interactive for this year’s Comic-Con International to help it lure “Alien” movie fans inside the scary world of their highly anticipated new video game “Alien: Isolation.”

New Mortgage Regulations Open Door for Niche Software Co.

Finance: It Helps Brokers, Lenders With Fee Disclosure

Sometimes increased government regulation is a good thing.

Mtell’s Software Goes Looking For Trouble … Before It Happens

TECH: Predictive Analytics Applied to Industrial Equipment

Industrial software writer Mtell might not be able to repeat its recent 375 percent growth spurt, but it’s making more people take notice.

Jensen Assumes Editor-in-Chief Post at SDBJ

Nels Jensen, a veteran journalist with experience in Southern California and Texas, has been named editor-in-chief of the San Diego Business Journal, Publisher Armon Mills announced July 11.

Startup Conducts Unusual Funding ‘Experiment’

BIOTECH: Co. Aims For More Clout Before Considering VC Route

A local biotech startup and its 22-year-old CEO — with support of local industry veterans — are trying a no-strings-attached funding model to finance their research on a potential cancer vaccine.

Illumina Enjoying a Good Sequence of Events

Biotech: Acquisition Boosts Clinical Readiness; Tax Rebates Offered by City

Illumina Inc. has had an eventful few days as the San Diego-based life science company acquired Myraqa, a regulatory and quality consulting firm specializing in in vitro diagnostics, while moving a step closer to securing a tax rebate agreement with the city of San Diego.

No Surprise, He’s Rolling the Dice On Home Auction

Las Vegas high-roller Billy Walters, who brags he’s wagered as much as $1 million on the outcome of a single hole of golf, hasn’t been able to sell El Milagro, his 9-acre, 21,000-square-foot Rancho Santa Fe estate, for a listing price of a tad under $20 million.

Proposed Linkage Fees Would Double Levy

PROPERTY: All Sides See Need For Affordable Housing Solutions

Affordable-housing advocates and the business community have worked out a compromise Version 2.0 of a controversial plan to boost so-called linkage fees geared toward commercial development projects in the city of San Diego.

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Edico’s Strategy Is To ‘Come in Second’

TECH: Its Chip Makes Sense Of Genome Sequencing Data

Armed with fresh venture funding and steered by some of the best thinkers in biotechnology, San Diego-based Edico Genome is headed to market with a specialized microchip that it hopes will become the definitive second step in processing a genome.

City Wage Hike Has Some Seeing Red Ink

LABOR: Opposition Considers Options, Calls for Exemptions

Opponents of a local minimum wage hike were weighing their options, including a ballot referendum that would place the matter before voters, after the San Diego City Council’s recent 6-3 vote to raise the city’s minimum wage to $11.50 an hour by January 2017.

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Super Powers

Visitors: Local Workforce Linked to Annual Comic-Con Estimated at 5,000 to 6,000

By the time the giant Godzilla replica shows up on the back lawn of San Diego Convention Center — part of a photo op being staged by Warner Bros. Home Entertainment during this year’s Comic-Con International — it might actually have a tough time getting noticed amid the downtown hoopla that now surrounds one of the world’s largest pop culture celebrations.

ViaSat Thanks Firefighters for Keeping Its People, Property Safe

Carlsbad-based ViaSat Inc., through its community outreach program Vpartners, thanked firefighters for the great work they did in keeping the company’s 1,800 employees on its campus on El Camino Real safe from the recent Carlsbad fires.

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Executive Q&A: Kim Kamdar, partner, San Diego office of Domain Associates LLC

Kim Kamdar is as comfortable talking about life sciences as she is investing in them.

Local Entrepreneurs, Venture Capitalists ‘Partying Like It’s 1999’

FINANCE: Recent Successful IPOs Expected To Fuel More Investment

David Titus was in a great mood when he delivered the opening remarks for the recent San Diego Venture Summit.

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New VC Firms Finding Lots of Deals In San Diego’s Startup Ecosystem

VENTURE: Region Lured 7 Firms To Set Up Shop and Invest

The money men — and women — are venturing back to San Diego.

If It Ships, I’m on it; the Business of Logistics Is Now on My Beat

(Editor’s note: This week the San Diego Business Journal debuts a new column from a familiar face, our own Brad Graves, who will add logistics and all that it entails to his coverage areas. He will continue to cover technology and the defense industry, including his column on technology, which he will alternate with his new logistics column.)

Local Hotel Industry Seems to Have Put Downturn Behind It

TOURISM: Marketing Efforts Return; Metrics Show a Strong Sector

With regional marketing dollars now flowing freely and political snags in the rear-view mirror, experts said San Diego County’s hotel industry enters the second half of 2014 in a much better financial position than it did a year ago.

Credit Unions Targeting Efforts at Capturing the Gen Y Market

Gen Y consumers, those in their 20s and 30s, are being courted by everyone, including credit unions, which say they’re making significant inroads to capturing a large portion of the market.