SDBJ WEEKLY EDITION
WORKFORCE: Trust’s Success Requires That It Be Carefully Managed
Local benefits consultants — the innovators San Diego’s business community looks to for help in capping health insurance costs — have identified another industry they believe can gain from a risk-pooling strategy that continues to win converts among tech and bioscience companies.
Asense of loyalty obliges Mission Valley insurance broker Michael Dysart to continue serving his longtime clients in the individual health benefits market. But he won’t take on new customers.
CONSTRUCTION: Value Is Trending Above 2015
Converting older non-residential buildings for new and updated uses makes up more than three-quarters of the work being done these days by busy San Diego construction firms like Jaime Partners, and industry observers say those kinds of projects present further growth opportunities for local contractors in 2017 and beyond.
FINANCE: Rule Averts State-by-State Licensing
Ask finance folks what’s keeping them up at night and they’ll tell you keeping up with stringent post-recession government regulations.
VENUE: Upgrades Keep Facility Fresh, Relevant
The Valley View Casino Center — formerly the San Diego Sports Arena — is seemingly immune to the passage of time.
GAMING: Psyonix’s Drive Pays Off, As Small Co. Makes a Very Big Score
The video game developers at Psyonix Inc. are living proof that experimentation pays off.
When the last day of 2016 rolls around, the value and number of mergers and acquisitions completed nationwide may not reach the high-water market set in 2015, but the number of major deals in the pipeline and a potential relaxing of antitrust regulations have experts bullish about 2017.
Adam Simpson’s parents worried about his habit of growing small bioscience companies to the point where they would be acquired by a large pharmaceutical company.
BIOTECH: Doctors Would Do Tests, Get Results in Minutes
With the media spotlight on the failure of the notorious (and now-disgraced) unicorn Theranos Inc., you would expect the company’s competition to suffer by association.
HEALTH: Open Units Used for Short-Term Stays
Short-term stays are not a big focus for Cornerstone Senior Living and other assisted living community operators. But that could change if things go well with the local rollout of a service similar to Airbnb for seniors in need of limited-time, “respite” care.
TRADE: Price, Culture Come Into Play for Banjo Maker
During a five-day music festival in the Indian tourism capital of Jodhpur, Spring Valley businessman Greg Deering received a great deal of attention just walking around with one of his signature banjos.
DINING: Morning Diners Get Inventive Menu, Hip Settings, Hearty Servings
Restaurateur Johan Engman is doubling down on his bet that San Diego’s burgeoning foodie culture can translate to breakfast hours, especially on weekdays, when time-strapped commuters increasingly scarf down fast-food fare in their cars or at their work desks.
Nearly a decade ago, the three Callan brothers, Trevor, Ryan and Tim, banded together to launch an independent wealth management firm. Callan Capital provides wealth management services with a focus on corporate executives facing significant financial changes, such as the sale of their company.
New federal rules on retirement accounts set to take effect in April have wealth managers working to ensure they can prove they are acting in their clients’ best interests.
BREWING: Pilot Program to Assist With Shipping Logistics
After several years spent burnishing San Diego County’s reputation as a major craft beer capital, local brewers and economic leaders now see international sales as key to maintaining the industry’s momentum — especially amid signs of slowing growth in the United States.
ECONOMY: Hard Line Seen Softening, But TPP Doomed
It was a day or two after the presidential election and someone at a local tile-maker was telling the head of the Otay Mesa Chamber of Commerce about the company’s plan to move forward with an expansion of its Tijuana manufacturing operation.
FINANCE: Mentorship Role Part of Her Passion, Personality
Allison Long Pettine can’t help herself — she’s a compulsive mentor.
HEALTH: Scripps Assumes a Financial Risk In Expanding Patient Access to Proton Therapy n By JOHN COX
Frustrated with insurance delays, Scripps Health recently increased the number of patients it treats without prior health-plan approval at the $225 million proton therapy center it manages in Mira Mesa.
A dozen buildings were recently highlighted as exemplars of local architecture at the San Diego Architectural Foundation’s 40th annual Orchids and Onions event.
LAW: Encinitas Action Attempts to Cut Pollution
Encinitas restaurateurs have about six months to replace the disposable plastic food containers and coffee cups they use to keep food and drinks warm.
DINING: Luna Grill Expands Steadily in Familiar Markets
Healthy — or at least relatively healthy — continues to reign at U.S. restaurants, where diners increasingly look to minimize the junk food intake while keeping the tab around $12 or less.
FINANCE: Small Businesses Get Chance to Buy Key Assets
Michelle McLeod and her husband, Michael, found a property they thought would be a good addition to their growing business, which sells rocks and other landscape material.
PROPERTY: Medium Density Infill Housing Could Be a Fit for S.D.
A conceptual plan for building townhome-style residential units near San Marcos Creek has focused attention on a medium-density approach observers say may serve as a template for relieving a housing affordability crisis many agree is hurting the region’s economy.
The former Sempra Energy tower in downtown San Diego will soon have another company name removed from its exterior, just a few months after its former co-owner, Manchester Financial Group, put its moniker on the Ash Street building.
Afew years ago, when he led a local software company and was scouting North County for prospective industrial sites for his research-and-development efforts, Ben Badiee was able to find just four appropriate locations in the city of Escondido.
FINANCE: Local Co. Approached Competitor About Working Together
After losing a bidding war with a larger company over a business they both wanted to buy, BrightScope Inc. CEO Mike Alfred decided: if you can’t beat ’em, join ’em.
GIVING: It’s a Selling Point For Donor-Advised Funds
When philanthropists give money to research, they don’t always feel like they’re making an impact. Money disappears into a foundation or a fund, and donors are left disconnected from how that money is being used.
TECH: Northrop Contest Takes on Climate Change
For short stints this summer and fall, engineers at Northrop Grumman Corp. set aside their defense-contract work and took up a different fight.
ECONOMY: Logistics, Labor and Space Bring Cos. to North County
When Olli Salumeria scored an agreement putting its products in Whole Foods stores across the country, there was no question the salami-maker would need to expand beyond its 15,000-square-foot plant in Virginia. But where?
ECONOMY: Despite Recent Robust Growth, Cos. See Various Headwinds
San Diego business consultant Chris L. Shimojima admits his line of work gives him a somewhat skewed view of conditions facing many middle-market companies.