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Brighter Outlook

ECONOMY: Region Getting Stronger Since Great Recession

Are we there yet? Our desired economic destination is a nice place with low unemployment, an abundance of jobs, an agreeable tax structure, and a good lending climate.

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Pulse of Commercial Space Is Stabilizing

REAL ESTATE: For Industrial Market to Improve, Consumer Spending Must Increase

Unless there’s a dramatic change in the unemployment rate, which in San Diego County stayed stubbornly above 10 percent as 2010 drew to a close, commercial real estate experts will be keeping expectations in check throughout 2011.

Life Sciences Industry to Face Challenge of More Global Competition

BIOTECHNOLOGY: Firms Deal With Funding Issues And Regulatory Hurdles

While San Diego’s life sciences companies look to the future, they must watch their back.

Defense Sector Changes, Still Brings Billions to Area

MILITARY: Region in Good Position to Weather Federal Budget Cuts

The view of the defense industry in San Diego is like the view through a kaleidoscope — always shifting, always changing.

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Wireless World Getting Larger, Impacting Numerous Industries

TECHNOLOGY: Changes Affecting Banking, Tourism, Health Care, Real Estate

Rory Moore, chief executive officer of CommNexus San Diego, says the region’s wireless industry is poised for growth in 2011.

Tourism Will Likely Continue on Its Long Road to Recovery

HOSPITALITY: Outlook Upbeat for 3-Year Rebound Following Disastrous 2009

San Diego County tourism and hospitality leaders say 2011 will likely play out as the second in a three-year story of recovery — which began in 2010 and will likely extend through the end of 2012 — as local visitor-oriented sectors make back sales lost in the wreckage of the Great Recession.

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Life Sciences Industry to Face Challenge of More Global Competition

BIOTECHNOLOGY: Firms Deal With Funding Issues And Regulatory Hurdles

While San Diego’s life sciences companies look to the future, they must watch their back. There is an increasing amount of competition and investment coming from Asia and Europe, adding to the challenges the firms will face at home in these difficult economic times.

Low-Interest Financing Helps Make Apartments Prime for Investing

REAL ESTATE: Experts Predict the Demand for Rental Units Will Swell

A combination of low supply, cheap financing and rising demand for apartments made multifamily real estate the most active commercial segment for San Diego County transactions during 2010.

Consumer Uncertainties Are Weighing Heavily on Housing Market

REAL ESTATE: Potential Buyers Are Waiting for Bigger Drop in Prices

What looked to be a gradual turnaround in the local housing market earlier in 2010 lost all momentum in the second half as government incentives expired and buyers remained cautious.

Clean-Tech Has Ample Support Systems to Thrive Locally

ENVIRONMENT: Report Highlights Sector’s Ability To Attract Jobs, VC Funds

San Diego’s clean technology leaders say the sector will continue to be a bright spot for the local economy in 2011 as companies work to develop products and services and add jobs to area payrolls.

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Professional Profile: Lynn Reaser

Lynn Reaser is chief economist of the Fermanian Business & Economic Institute at Point Loma Nazarene University.

The Region Is Ready to Find Its Place in New Economy

To be frank, the economic recovery seems to be occurring, but it is like a patient coming out of a major life-saving operation in the recovery room: She is still semicomatose, with the prognosis of a prolonged wake-up period ahead, and then an even longer recovery until she mends in full.