SDBJ WEEKLY EDITION
BREWING: Thriving S.D. Scene Adapts to Demands, Challenges
San Diego County’s already thriving craft beer industry has recently seen a steady flow of big corporate changeovers, as many of the region’s more than 100 brewers take on the challenges of maintaining growth in a maturing industry that is only getting more competitive.
Magda Marquet sits across from me, eyes twinkling above a porcelain mug.
Once known as the Avocado Capital of the World, the city of Vista is just seven miles from the beach and stretches out among gentle rolling hills and enjoys cooling ocean breezes.
Athletes Helping Athletes, a San Diego nonprofit, works with families across the country to donate custom-built handcycles, giving disabled children the chance to enjoy being a kid.
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Mobile app- enabled ride-sharing services such as Lyft and Uber are becoming ubiquitous at places including the airport and local tourist venues (see the Business Journal’s Sept. 7 story), and they could eventually become popular among shoppers tired of searching for parking at their favorite malls during peak hours.
FINANCE: Analytics, $50M Credit Facility Part of Expansion Plans
When Krishna Gopinathan began his career as a data scientist, he helped create the fraud detection software now used by FICO to protect more than 2 billion credit cards worldwide.
The Biotechnology Industry Organization (BIO) announced that its 2016 World Congress on Industrial Biotechnology will be held April 17-20, 2016, at the San Diego Convention Center.
Strategic Hotels & Resorts Inc., which owns 17 high-end U.S. hospitality properties including Hotel del Coronado, has agreed to be acquired by affiliates of New York-based Blackstone Group, in a deal valued at approximately $6 billion.
TECH: System Aims To Add More Control To Newest Air Traffic
Little drones fly fast, and their reputations go ahead of them.
San Diego County’s $10.6 billion pension fund has hired the former head of the city’s pension fund, David Wescoe, as its next permanent chief executive, following the resignation of longtime CEO Brian White in March.
RETAIL: Newcomer Also Suing Seller Albertsons For $1B
Northwest grocery chain Haggen Food & Pharmacy has filed for Chapter 11 bankruptcy, in a bid to reorganize its finances as it struggles to find its footing in new markets including Southern California.
TRAVEL: LA Flights Dragged Down Its Las Vegas Route
BizAir Shuttle has ceased flight operations from Carlsbad’s McClellan-Palomar Airport to Los Angeles and Las Vegas, citing a lack of passenger demand since the services began in mid-June.
Zeeto is a thriving downtown technology company that optimizes Web-based registration for lead generation and ad auctions.
BIOTECH: It Plans to Take Drug to Market on Its Own
For local pharmaceutical companies, drug development is often a relay race. Local firms hand off the baton to a late-stage partner with the muscle to take it all the way to market.
SPORT: Co.’s App Guides Golfers on Final Shots
Golfers can take advantage of location-tracking software that suggests the best club to use and devices that clip onto their belts that automatically record what kind of strokes they’re making and how far each shot goes.
TOURISM: Vote Likely On Convention Center Expansion
A recent consultant’s study confirmed city and tourism officials’ assessment that the San Diego Convention Center likely needs a contiguous expansion to retain and attract big events — though a noncontiguous campus option has not been ruled out.
FINANCE: One-on-One Service Key Part of Credit Union
Navy Federal Credit Union, the nationwide credit union serving military families, is increasing its footprint in San Diego County with four more branches over the next year as local membership has grown by nearly 25 percent since 2013.
PROPERTY: With Factors In Its Favor, Millenia Aims For Big Change in Chula Vista
After being stalled for several years by setbacks in the real estate economy, residential and commercial projects are set to sprout at the long-awaited, 210-acre Millenia mixed-use development in Chula Vista.
The Hadassah Foundation, which invests in social change for girls and women in Israel and the U.S., has awarded a $35,200 grant to Girls Give Back, a Jewish Family Service of San Diego program, to help cover operating expenses for the next year.
Less than an hour away from the day-to-day grind of city living is Los Robles Ranch in Santa Ysabel.
CYBER CHAMPS: Paul Martini Co-Founder/CEO, iboss Cybersecurity College/Degree: BS Computer Science, UC San Diego
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FINANCE: Credit Unions Say Easing Loan Regulations Will Help Small Businesses
After the credit union industry’s regulator in June proposed rolling back some of its rules for business lending, bankers wrote hundreds of letters warning that loosening the restrictions could imperil the economy.
FINANCE: While 7A Loans Flourish, 504 Loans Struggle With Bureaucracy
The SBA reached its $18.75 billion guarantee cap in July, prompted a weeklong shutdown of the program as Congress scrambled to pass a $5 billion extension with two months left in the government’s fiscal year.
I have heard attorneys say they hoped the local judiciary would be forced by the state budget cuts to grant more warranted summary judgments, with leave to amend, rather than “indicate” a likely outcome.
TRANSPORT: Services Are Working With Venues and Hotels
Nearly 60,000 passengers have taken trips using mobile app-enabled ride-sharing services — Uber, Lyft and Opoli — to and from San Diego International Airport since operators started a pilot program permitting those transportation providers in early July.
General Atomics Aeronautical Systems Inc. is getting a new source of revenue: It plans to provide contract pilots for unmanned U.S. government-owned Predator aircraft.
MEDIA: Magazines Moving South to Existing Building
The bulk of Ten: Action/Outdoor Group’s staff is leaving Orange County next month, some of them headed south to San Diego County.
VEHICLE: Dealer And Distributor Also Can Customize Carts
When Ben Bellman started manufacturing electric vehicles in 1959 for the now-defunct Marketeer brand, the phrase “golf cart” hadn’t been popularized.
Qualcomm Life Inc., the health-tech subsidiary of Qualcomm Inc., drew hundreds of leaders in digital health to its annual conference in San Diego last week to address the bugs and boons of connected care.