San Diego Sourcebook - San Diego Source

Industry Breakdown

Biotech & Tech

City remains strong in both sectors

San Diego lays claim to the country’s third largest biotech cluster in the United States. And the county has one of the highest concentrations of high-technology companies in the United States.

Construction

Political issues, controversy continue to dominate sector in 2012

The San Diego construction industry grew in some areas, but also took a step back in others as increased employment and alleged contracting corruption highlighted the first half of 2012.

Defense

Budget cuts, SD-based ships dominate local industry headlines

San Diego’s military sector got a shock in early 2012 when preliminary numbers for the shrinking defense budget were revealed.

Defense, tourism still leading industries for San Diego

San Diego’s diverse economy, once dominated by defense, also is driven by manufacturing, tourism, high-technology, biotech, financial and business services, health care and retail. Situated on one of the busiest international borders in the world, with one of California’s five major port operations, San Diego is also fueled by international trade and shipping.

Defense Contractors*

Education

Crises balanced with positive change defines education system

From budgets to rallies and construction to curriculum, a lot is going on when it comes to education in San Diego County. The volatility has been tempered with positive change, though, including solidarity, new construction and a look to the future.

Finance

Bank mergers, euro crisis shape market in 2012

In finance, local bank mergers and acquisitions kicked off in 2012 and have been funneling through the process.

Government

2012 was a year of change for city

This year has been an exciting time for politics in San Diego. Aside from a historic mayoral race, several referendums and propositions, along with a new budget, were passed, which will affect the region for years to come.