California and San Diego The Tipping Point

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(No Transcript)
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Overview

• Partnership for the Global Economy
• If San Diego were a country
• Clusters of opportunity
• Clusters of convergence
• Evolution of our high-tech industries
• Why San Diego?

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Partnership for the Global Economy
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• San Diego is participating in a new global
  innovation economy
• San Diegos global reach has grown substantially
  over the last decade.
• Share of global talent pool has increased
• Share of global investment capital has increased
• San Diegos economic drivers are changing with
  the convergence of key industries and
  technologies.

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Global Collaboration
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Global Talent Flows
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Global Talent Flows
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Global Idea Flows
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Global Idea Flows
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Global Capital Flows
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SAN DIEGOS SIX CLUSTERS OF OPPORTUNITY

• Life Sciences (Pharmaceuticals, Medical Devices,
  Biotechnology)
• Health Services
• Information Services (IT, Telecommunications and
  Publishing)
• Advanced Manufacturing (Aerospace/Defense,
  Recreational Goods)
• Commercial and Infrastructure Construction
• Visitors and Regional Experience
• Role of Innovation and Professional Services

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Clusters of Opportunity
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Shared Characteristics

• All Clusters have been growing From 1995-2005,
  all but one cluster had an average annual growth
  rate (AAGR) of 3 to 6.
• In all but one cluster, growth is exceeding US
  growth.
• In 2005, all clusters enjoyed higher real wages
  than in 1995.
• Five of the six clusters are more concentrated in
  San Diego than in the United States
• Each cluster offers career potential in
  occupations of all wage levels with roughly 40
  of jobs at the mid-wage level.

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Gross Regional Product
Billions
Source San Diego Institute for Policy Research.
e estimate f forecast.
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If San Diego County Were a Country
2006 GDP
Rank
Country
34. Portugal 192.6 Billion 35. Hong
Kong 189.8 Billion 36. Venezuela 181.9
Billion San Diego 155.4 Billion 37.
Malaysia 148.9 Billion 38. Chile 145.8 Billion
Source San Diego Institute for Policy Research
World Bank
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Clusters of Opportunity
Jobs
Cluster
Ave. Wage
Biotechnology 36,626 80,022 Telecommunications 25
,469 112,825 Defense Manufacturing 20,301 71,185
Computers/Electronics 15,369 78,826 Software 13,
963 82,011 Total High-Tech Clusters 111,728 n/a T
otal San Diego Co. Jobs 1,292,800 43,801
Source San Diego Association of Governments
Richs BioScience Directory California
Employment Development Dept.
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Economic Impact of Clusters
Billions
12.3
9.7
9.7
9.1
3.7
Source San Diego Association of Governments
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Biogen Idec Gen-Probe Genentech Invitrogen Jo
hnson Johnson Pfizer
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Cubic General Atomics Goodrich
Aerostructures Lockheed Martin General Dynamics
NASSCO SAIC Solar Turbines
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Telecom/IT L-3 Communications Motorola Nokia Q
ualcomm Inc. ViaSat Software Claritas ESET Int
uit Predicate Logic Electronics Cohu Sony Sun
Microsystems
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Evolution of a High-Tech Economy

• 1903 Scripps Institution of Oceanography
• 1917 Birthplace of naval aviation North Island
• 1934 Consolidated Aircraft
• 1940 Navy Radio Lab (now SPAWAR)
• 1955 General Atomics
• 1959 UCSD

Source Scripps Institution of Oceanography U.S.
Navy The Future Takes Wing SPAWAR General
Atomics UCSD
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Evolution of a High-Tech Economy

• 1962 Salk Institute for Biological Studies
• 1969 Linkabit, SAIC
• 1978 Hybritech
• 1985 Qualcomm Inc.
• 2000 Cal-(IT)2
• 2006 SD Consortium for Regenerative Medicine
• 2007 Emergence of a Cleantech cluster

Source Salk Institute SAIC Qualcomm UCSD
CONNECT San Diego Union-Tribune
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Today Clusters of Convergence

• Life Sciences/IT/Healthcare
• Healthcare/IT
• Security/Defense/Bio/IT
• Maritime

Source Salk Institute SAIC Qualcomm UCSD
CONNECT San Diego Union-Tribune
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Why San Diego?

• 500 biotech companies
• Wireless capital of the world
• World class research institutes, universities
• Science, talent, funding
• Legendary spirit of cooperation
• 200 spin-off companies
• Culture of serial entrepreneurism

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San Diego Works