SDBJ WEEKLY EDITION
New State Law Broadens Efforts to Narrow Gender Wage Gap
Women still make less than men in a majority of industries (79 cents on the dollar by most accounts) despite state and federal laws aimed at narrowing the gender pay gap.
HEALTH: Wellness Programs’ Effectiveness Can Be Difficult to Measure
If you can’t do squats in those pants, don’t wear them to work.
WORKFORCE: Bus Tour Shows Students Extent Of Opportunities Downtown
The dynamic has confounded local tech companies for years: The University of California, San Diego has almost 9,000 engineering students, and one of the largest and most successful computer science programs in the country, yet many suitable local high-tech job openings go unfilled.
Business Schools Add Programs to Ensure Grads Have Communication Skills
Having strong academic skills can help university graduates land interviews for promising jobs, but those meetings won’t lead to employment unless they’ve also developed “soft skills.”
After years of debates, lawsuits and postponements afflicting various waterfront projects in downtown San Diego — some of which are now being built — residents and government leaders may be ready for something a little more harmonious.
PROPERTY: Industrial Opportunities Limited To Suburban Submarkets
Fueled by steady job growth, San Diego County’s commercial real estate scene in 2015 saw a continuation of post-recession trends including dropping vacancy rates and rising rents.
San Diego Market Somewhat Insulated From External Volatility
The start of 2016 had many kinds of investors reaching for the Pepto-Bismol, as the year began with a severe economic slowdown in China, a global plunge in oil prices, and widespread volatility in U.S. stock markets.
APPAREL: Company’s Fashions Play Well on the Golf Course and Off
Vivian Sayward had a problem with her golf game. It wasn’t her putting; it wasn’t her drive. It was her clothes.
San Diego software writer Emotient is now part of Apple Inc. Word leaked out in early January that the Cupertino behemoth bought the local business for undisclosed terms.
ECONOMY: Experts Forecast Healthy Year, Lower Confidence
San Diego appears set for a healthy 2016, though potential drags in some sectors deserve close attention of business leaders. That was the prevailing message Jan. 7 at the San Diego Business Journal’s annual Economic Trends panel. The event featured a series of talks from industry experts in banking, employment, health care, insurance, tax and commercial real estate.
ECONOMY: WTCSD Is Back Mapping a Strategy For International Commerce
World Trade Center San Diego, a nonprofit whose income stream dried up several years ago, has been reborn as an arm of the San Diego Regional Economic Development Corp., with aims to supercharge the region’s efforts to play a larger role in global trade.
FINANCE: Reilly Financial Sees Expat Community Needing Its Services as The Investment Picture Gets More Complicated
Just before New Year’s Day, Swiss bank and wealth manager Julius Baer said it planned to pay $547 million to settle U.S. prosecutors’ allegations it helped Americans evade taxes. Frank Reilly, president of La Mesa-based Reilly Financial Advisors (RFA), saw the news as yet another development pushing Americans living abroad toward firms like his, which specialize in expatriate accounts.
ECONOMY: The Wide Variety of Our Businesses Is Insurance Against 2016 Storms
As international trade partners struggled with recession and consumer spending growth slowed, forecasters warned that the U.S. economy was losing momentum in the second half of 2015 and could close out the year weaker than expected. While the economy was still growing, they said, sluggish global demand was slowing that growth and pushing down corporate revenue.
The county’s No. 4 producer of craft beer is among the top 50 in the nation and is poised for more growth with the 2016 opening of a brewing facility in Virginia Beach, Va. The bi-coastal production capability will make Green Flash Brewing Co. an attractive acquisition target for the beer giants. The question is whether founders Lisa and Mike Hinkley might be tempted to sell given Ballast Point Brewing Co.’s recent $1 billion price tag.
After a lengthy investigation, Qualcomm Inc. early in the year settled charges that it broke China’s anti-monopoly law, paying a $925 million fine and restructuring its Chinese license agreements. The year went downhill from there.
Haggen Food & Pharmacy San Diego County shoppers barely had time to notice, but the region this year bore witness to what some industry observers called the fastest failure in the modern history of grocery retailing.
Behind the brick and mortar and acres of reflective glass that stretch across San Diego’s sun-drenched landscape are the men and women who are shaping the region’s future.
Some call them power brokers, but it really isn’t about power. It’s about salesmanship, leadership and the ability to be politically and financially agile in an increasingly competitive and creative environment.
ECONOMY: Organizations Turned to Their Top Players To Skillfully Navigate 2015
To borrow a line from Frank Sinatra, it was a very good year. Perhaps not for all business leaders. But for those with foresight and drive, those in sync with the economy of 2015, the year was great.
DINING: Brigantine’s Success Helps It Land Prime Waterfront Location
As the president of the family-run Brigantine Restaurant Corp., Mike Morton Jr. knows the challenges of maintaining the track record of what has become a local dining institution — and which, after 46 years in business, is older than he is.
INNOVATION: From Barrooms to Biotech Labs, These Inventors Obtained Their Goal of Earning Patents
Hundreds of patents are filed every month by San Diego companies and it’s no surprise Qualcomm Inc. often accounts for the lion’s share of applications. During the 30-day period from Oct. 10 to Nov. 10, the technology giant was issued 221 patents.
PROPERTY: Economic Activity and Space Demands Raise Rents But Also Motivate Landlords to Improve Offerings
Many San Diego County office tenants landed some great “Class A” space at bargain prices in the immediate aftermath of the Great Recession of 2009-2010. Now, many of those businesses are facing what local commercial brokers aptly describe as “sticker shock,” as leases signed during that period come up for renewal.
FINANCE: Zebit’s Payroll Lending System Gives Employees a New Work Perk And Retailers a Piece of the Profits on Purchases
When San Diego-based lender Global Analytics bought a Philadelphia startup last year, it billed the acquisition as the perfect jumping off point to introduce its product to U.S. borrowers.
SERVICE: Policyholders, Cos. Find It’s Complicated
The companies emerging out of the sharing economy offer ways for users to make money using previously untapped resources, such as renting out an unused apartment for the weekend through Airbnb or inviting others over for a restaurant-quality meal with Feastly.
BREWING: Deal Could Leave Transformed Scene in Its Wake
Industry observers say the $1 billion tab that Constellation Brands Inc. plans to pay for San Diego’s Ballast Point Brewing & Spirits marks a significant milestone for the region’s burgeoning and maturing craft beer industry.
The ongoing contract impasse between Tri-City Medical Center and the SEIU-United Healthcare Workers West could lead to a first for San Diego County: A ballot initiative on executive pay.
LEADERSHIP: Millennial Women Blend Work, Ideals And Passion Into Careers
Sitting in the corner of a chocolate shop in Encinitas, four millennial women crowd around a small table. They are schooling me on everything from Maslow’s Hierarchy to the prevailing gender bias in corporate America. They interrupt each other often (and enthusiastically) as cups of hot chocolate teeter in their gesturing hands.
This Wednesday, on Veterans Day, we formally recognize our veteran community for their service. We honor their commitment, sacrifice and bravery in what we hope is a tradition of appreciation engrained in each of us. On behalf of the San Diego Regional Chamber of Commerce, I join in the chorus of gratitude, and ask that our business community collectively not only activate to hire more veterans but change the narrative around their employment.
INSURANCE: The Arrival of the Employer Mandate Brings New Rules, Regulations and Questions to Cos.
The Affordable Care Act’s controversial Employer Mandate is finally here.
Iboss Cybersecurity raised $35 million in series A funding from Goldman Sachs Private Capital Investing, the company announced Nov. 3.
M&A: Investment Bank Isn’t Content to Leave It to Lawyers
RA Capital Advisors partner Joel Reed thinks plenty of companies are leaving millions at the negotiation table when finalizing acquisitions. These buyers and sellers have lawyers there to work out last details, but they don’t have investment advisors in the room, he said.