San Diego County’s poverty rate of 13.8% vastly undercounts the number of families living in economic insecurity. Fully a third of all households headed by people under age 65 have incomes below the cost of living in the region. Based on the costs of basic family budget items, the Self-Sufficiency Standard indicates the yearly income families need just to get by. The basic budget starts at almost $28,000 a year for a single adult, which would require an hourly wage of at least $13.23 if working full-time all year long. The budget grows with family size and differs according to the ages of children in the family. Self-Sufficiency is the ability to afford the bare-bones costs of living without public or private assistance. The calculation of the standard includes only no-frills items like housing, food, transportation, child care, healthcare, and taxes.
This study deconstructs software in San Diego beyond the region’s software publishers and IT firms, and displays how the technology is changing the landscape of all types of innovation in San Diego.
For many decades, San Diego leaders held a vision of progress that we would argue is a narrow one–focused on a limited set of industries and built on a fragmented social and economic landscape. As a result, lines both literal and metaphorical have divided the region at every level
San Diego County continues to be a key driver of employment growth in Southern California’s economy. Behind Orange County, it has been Southern California’s second fastest recovering job market. Since nonfarm employment hit bottom in February 2010, San Diego County has added back more than 66,000 jobs, a 5.5% increase. This is stronger than the growth experienced in Los Angeles (5.1%), the Inland Empire (3.7%), or the rest of Southern California (4.8%). In addition, San Diego’s unemployment rate dipped from nearly 11% in 2010 to 7.2% in August 2013. This is well below the statewide average of 8.9%, and is again only second to Orange County in Southern California.
. . . provides direct feedback from San Diego’s small business community about what they need to grow and thrive in our region.
. . . insight into San Diego County’s small businesses’ outlook on the local economy and business projections.
. . . details trends from the first quarter of 2012 that show gradual and positive growth in San Diego’s economy in the areas of unemployment, tourism, real estate and production.
. . .the most comprehensive measurement of regional biotech centers ever conducted, shows that only a handful of metropolitan areas have succeeded on a scale necessary to ensure industry sustainability.