57.7 F
San Diego
Friday, Jan 27, 2023
-Advertisement-

Week in Review



Quote of the Week

‘San Diego and its government have too long perpetuated a small-town mentality where it’s more important who you know than what you know. This needs to change quickly or we will all continue to suffer for it.’

, Steve Rowles, a partner in Morrison & Foerster’s Carmel Valley office. Please turn to

election coverage.

.


Friday, Oct. 21


Joblessness Kept At Bay:

San Diego’s unemployment rate dipped to 4.1 percent in September from the prior month’s 4.3 percent, and continued a long-term trend of maintaining a rate below that of the state and the nation, both at 4.8 percent for the same month, according to the state’s Employment Development Department.

- Advertisement -

For the full year through September, the regional non-farm total employment gained 300 jobs to reach 1,276,900. The unemployment rate in September 2004 was 4.4 percent.

The largest sector adding jobs over the month was government, which increased by 3,700 jobs, mainly from state and local teachers returning to work from the summer recess. The biggest decline came from the leisure and hospitality sector, which shed 2,100 jobs over the month as the summer tourism season closed.

Professional and business services, which has been generating many new jobs in recent years, showed a decrease of 700 over the month, with the biggest loss coming in professional, scientific and technical services, according to the state agency’s report. Construction fell by 200 jobs after seven months of continuous growth.

Over the full year, the sectors that have increased the most are leisure and hospitality, plus 5,500; construction, plus 4,900; and educational and health services, plus 4,000. The biggest net loss came in professional and business services, which declined by 1,000 jobs.

, Mike Allen


Monday, Oct. 24


Federated To Close One More Store:

Cincinnati-based Federated Department Stores, Inc. announced it would close the Robinsons-May south store in Westfield North County in Escondido. The closure comes in addition to the previously announced closure of the Robinsons-May north store in the same mall. Both stores will have going out of business sales Jan. 29.

The south store has 116,000 square feet of space and 280 employees.

, Brad Graves

– – –


Graywater Gold:

The Otay Water District broke ground on a $15 million, 6-mile recycled water pipeline, which will be activated in 2007. Ortiz Construction of Chula Vista has the contract to build the pipeline; Hirsch & Co. will provide full-service construction management and inspection services.

, Pat Broderick


Wednesday, Oct. 26


New CCDC Chief:

Nancy G. Graham, 54, a former mayor of West Palm Beach, Fla., has been named president and chief operating officer of the Centre City Development Corp.

She succeeds Peter Hall, who announced his retirement in January following 11 years on the job.

The corporation’s fourth president and COO, Graham will begin her position on Dec. 1.

Graham is a partner with N-K Ventures, LLC, involved in the development of urban infill projects. The company provides consulting services for cities and developers on urban redevelopment strategies.

In 1991, Graham became the first mayor to be elected after a charter change created a strong-mayor form of government for West Palm Beach, and she served until March 1999.

According to the CCDC, under her leadership, the city experienced a renaissance, especially downtown. Graham was listed by

Newsweek

magazine as one of the top 25 mayors in the country, and Governing Magazine honored her in November 1998 as one of the 10 national public officials of the year.

Before serving as mayor, Graham practiced law for 10 years, specializing in land use, zoning, comprehensive planning and environmental law.

Born in Nashville, Tenn., she graduated from the University of Central Florida with high honors, and the University of Florida Holland Law Center, ranked No. 2 in her class.

Graham, who is married and has two children and four grandchildren, will oversee more than $600 million of planned infrastructure improvements and new amenities in Downtown San Diego.

The CCDC oversees the redevelopment of Downtown San Diego for the city.

, Pat Broderick


Thursday, Oct. 27


Big Dog Heads For Nasdaq:

St. Bernard Software, Inc., a privately held San Diego company specializing in computer security, announced plans to go public.

Technically, the company will go under the wing of Sand Hill IT Security Acquisition Corp. of Menlo Park, which will buy St. Bernard in an all-stock deal.

A dollar value for the deal was not immediately announced.

St. Bernard has 160 employees. It offers security software and hardware to small and medium-sized businesses. The company reported revenue of $6.8 million in the quarter ended Sept. 30, up 33 percent from the year-ago quarter.

“We anticipate that our growth will accelerate as a result of the merger and look forward to leveraging the combined company’s strengths,” said John E. Jones, the chief executive of St. Bernard Software.

Sand Hill trades over the counter using the symbol SHQC. Shares closed Oct. 27 at $5.15. The new parent company will eventually change its name to St. Bernard Software, said Jones, adding that the company could debut on the Nasdaq during the first quarter of 2006. St. Bernard Software will remain in San Diego.

, Brad Graves

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-
-Advertisement-