SDBJ WEEKLY EDITION
Border Region Puts Transportation Infrastructure In Place to Support Free-Flowing Trade, Business and Commutes
Government leaders from both sides of the border recently marked what they said were major milestones impacting the long term-economic viability of the region where Otay Mesa meets Mexico’s Baja California.
PHARMA: New Painkiller And Other Drugs Being Tested
It’s been a rocky year for Arena Pharmaceuticals Inc., but things are looking up with its latest experimental drug: a painkiller that mimics cannabis without the head high.
Adult Day Health Centers Among New Models for Aging Care
Every day in the U.S., 10,000 baby boomers reach age 65, about twice the rate of the prevous generation. By 2030, 18 percent of Americans will be at least 65, according to Pew Research Center projections.
Senior Housing Developments Include Wine Bars and Salons
A 309-unit senior community set to break ground later this year in Carlsbad is among the latest examples of developers adding resortlike amenities to attract the baby boomer generation into its next phase of housing.
FINANCE: Competition On Funding Platforms Intensifies Challenges
San Diego startups are finding that crowdfunding websites such as Kickstarter and Indiegogo are getting rather, well, crowded.
TECH: Q2 Tops Forecast; Restructuring Is on Track
One year ago, everyone was down on Qualcomm Inc.
SPORT: Teams Ranks 2nd In League Attendance
Even as Chargers fans gear up for an election battle to keep the football team in San Diego and the Padres struggle to come back from record-setting early-season futility, there is a bright spot in professional San Diego sports:
ENERGY: Regulators Reject 3 Pipeline Proposals
Sempra Energy’s Mexican arm has lost three bids in as many weeks to build and operate natural gas pipelines in Mexico, as the country’s state-owned electricity utility said Sempra’s proposals did not meet its standards.
BIOTECH: Co. Emerges With Anti-Aging Results; Some in Industry Are Skeptical
Osman Kibar is nonchalant, as billionaires go, but he’s nothing if not confident. Dressed in a fading polo shirt and old jeans, he leans back in his chair, intertwines his fingers and fights a knowing smile. He knows why I’m here.
GREEN: City Aims for More Trees, Seeing Benefit To Business, Homeowners
Trees are good for business. That’s what one downtown neighborhood has found and what many more might find with the city’s latest effort to increase the number of trees in San Diego.
SUSTAINABLE: Cost Of Renewable Energy Goal Is a Big Unknown
Four months ago, the San Diego City Council unanimously approved Mayor Kevin Faulconer’s ambitious climate plan, putting the city on a legally binding path to cut greenhouse gas emissions in half by 2035. Most of those savings will come from the city’s pledge to eventually use 100 percent renewable energy.
TOURISM: Wine Pub Gets Boost in Business, Reputation
Traveling along a one-lane dirt road in Baja California, Mexico, Sandy Hanshaw thought there couldn’t be anything out there. Instead, she found a business opportunity in the vineyards of Valle de Guadalupe.
FINANCE: New Indexes Track Various Market Segments
Jane Edmondson has noticed an uptick in unsolicited advice since she started a new business designing new varieties of exchange-traded funds (ETFs). The products, similar to mutual funds, track an underlying index that can mirror anything from the overall market leaders to a more trendy market niche.
FINANCE: Planning Is A Must for Their Own And Their Clients’ Sakes
For years, wealth managers Bob and Peg Eddy had a letter ready for their clients with important advice.
Without a Well-Planned, Well-Executed Exit Strategy, Business Owners Can Find the Window Closed for Successful Selling or Succession
There are plenty of options for small business owners looking to exit the companies they’ve started, including private equity sales, management buyouts, passing them down to family and even employee stock ownership plans.
WORKPLACE: Cos. Proving as Agile as Clients
Co-Merge, a popular coworking space formerly based in downtown San Diego, has merged locations with a former competitor just up the hill.
RETAIL: Updated Equipment, Lower Profile Are New Strategy
New ownership has taken over an Oceanside-based gun component and accessories manufacturer — the target of a 2014 raid by federal agents over allegedly improper sales — aiming to attract less negative attention and concentrate on management fundamentals.
BIOTECH: Trovagene Firings Raise Questions Over Roles
Is Trovagene Inc. a diagnostic or a therapeutic company?
WORKFORCE: Measure Would Still Change Sick Days
Gov. Jerry Brown’s support last month of a plan to bring California’s minimum wage to $15 an hour is complicating the campaign over a June ballot measure that would boost San Diego’s minimum wage to $11.50.
TECH: S.D.’s Software Cluster Has a $12.2B Economic Impact
The Oceanside office of HireAHelper LLC is not quite polished yet. The business is an online marketplace that connects two parties — people in the process of moving a house or office, and laborers who can maneuver their belongings into a rental truck.
Brook B. Roberts has been appointed the managing partner of Latham & Watkins LLP’s San Diego office. He succeeds Brett P. Rosenblatt, who has completed a five-year term in the position.
TECH: Venture Capitalists Betting On Maturing Cybersecurity Field
For Stephan Chenette, the time seemed right. After working in cybersecurity for the better part of two decades, Chenette figured October 2013 was the optimum time to start his own business.
MEDICINE: Active Shooter Training Simulation Creates Conditions That Put Participants to the Test
The string of active shooter incidents across the country prompted San Diego-based Strategic Operations to stage a live-action training event — complete with explosives, actors, and ammunition.
WORKFORCE: Employees Shun Blanket Benefits Coverage, Preferring To Quilt a Package That Fits Their Lifestyle and Needs
As competition for skilled workers increases, some businesses in the San Diego region are offering wider choices of employee benefits in order to retain their talent.
INSURANCE: Active Shooter Insurance Begins to Take Shape As Insurers Offer Financial Protection from Violence and Its Effects
Active shooter situations are joining the list of tragedies that can be insured through corporate policies. But active shooter insurance is still relatively rare, with no consensus yet on what a typical policy should look like.
FINANCE: $1M Annual Cap May Limit Appeal to Small Cos.
Crowdfunding appeared to get more interesting to most investors this past fall, when federal regulators unveiled new rules that would allow even those without large salaries to buy company shares through online crowdfunding portals. But experts are doubtful the new option will catch on quickly when it debuts in May.
TECH: Drones Analyze Variety of Environments
NWB Environmental Services LLC has launched an unmanned aircraft services program it believes will save the company and its clients time and money.
FINANCE: It’s Permanent And More Far Reaching
A revamped tax credit recently passed by Congress will provide enormous benefit to innovative businesses, should they choose to use it. San Diego’s life science firms in particular should pay close attention.
AG: Avocado Farming Method May Boost Yield, Sustainability
Avocado farmers, struggling for years with soaring water prices, are starting to embrace a relatively untested planting method that could double their yield and might even curb water use.
Why go downtown? When San Diegans fell in love with the suburbs after World War II, people asked the question with a negative tone. Why go downtown? Nothing there but sailors and grit.