San Diego Business Journal Leidos, the Reston, Virginia-based science and tech company and a member of the Fortune 500, held its groundbreaking ceremony in late April for its new R&D center at Campus Point in La Jolla. Company officials say the project will create a “state-of-the-art” facility – and “a more efficient” local footprint.

“We’re excited about the opportunity to truly invest in our employees and the San Diego community,” said Steve Cook, Dynetics Group President for Leidos. “This campus is home to many of our innovative and advanced technologies, and we look forward to continued development of critical solutions that help us solve customer challenges.”

 
Leidos (NYSE:LDOS) has deep roots in San Diego. Its parent, Science Applications International Corporation, was famously started next to a La Jolla ballet studio. The company later split in two and moved its headquarters to Virginia. Today Leidos has 43,000 employees; in 2021 it had annual revenues of $13.7 billion.


Construction, which kicked off this month, is targeted for completion in mid-2024. The new headquarters will include room for 400-plus employees as well as multiple floor levels for secure classified spaces and programs.

 
At the groundbreaking ceremony, the Leidos team presented a $25,000 check to the San Diego Salvation Army, Adult Rehabilitation Center.

 
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A report from RISE San Diego partner Kim Center for Social Balance sheds new light on the devastating impact of COVID on women-owned businesses in the region. Results of the study, conducted in the spring of 2021, showed COVID “exposed and exacerbated barriers to equitable success” for women-owned businesses across San Diego County.


The study is a critical element of Kim Center’s LEAPS strategy, which aims to accelerate workplace equity. While women’s participation in the workplace is critical to economic success, the report revealed that “systemic inequity” prevents women entrepreneurs from fully contributing.  


According to the latest statistics, COVID permanently shut down nearly 26% of women-owned businesses nationally. San Diego businesses hardest hit and among the slowest to recover have also included a high proportion of women owners.

 
490 San Diego business owners and executives were surveyed to identify how COVID exposed and exacerbated barriers to equitable success. Some of the key findings from the report: 25% of women didn’t apply for relief funds because they didn’t know if they qualified – and only 5% of businesses that received financial assistance were women-owned.

 
Gender equity could boost San Diego’s GDP by at least 9%, said a statement from RISE San Diego, which is led by Tony Young, the organization’s president and CEO.

 
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Otay Mesa-based ANV Investments has been recognized as a FedEx Ground Regional Entrepreneur of the Year. Regional winners selected among the 6,000 businesses that contract for FedEx Ground are recognized for their business excellence in both 2021 and 2022.


FedEx Ground recognized ANV for “valuing safety above all.” In business less than three years, ANV has 70 employees and maintains a fleet of 60 vehicles under the leadership of Carlos Angulo, authorized officer, who says ANV’s success stems in large part from its emphasis on safety.