340 likes | 448 Views
Prepared by Collaborative Economics. EXECUTIVE SUMMARY. San Diego is participating in a new global innovation economy San Diego’s global reach has grown substantially over the last decade. Share of global talent pool has increased Share of global investment capital has increased
E N D
Prepared by Collaborative Economics
EXECUTIVE SUMMARY • San Diego is participating in a new global innovation economy • San Diego’s global reach has grown substantially over the last decade. • Share of global talent pool has increased • Share of global investment capital has increased • San Diego’s economic drivers are changing with the convergence of key industries and technologies.
EXECUTIVE SUMMARY • San Diego’s growing participation in the new global innovation economy is expanding economic opportunity for a wide range of San Diegans. • While the region’s leading industries have created many high wage jobs, an average of about 40% of jobs in these sectors are at the mid-wage level • San Diego’s challenge is to ensure that its economic drivers have the regional and global resources necessary to compete. • Public and private leaders in other regions are working together to make strategic investments, grow their talent pools and extend their global reach
EXECUTIVE SUMMARY • Benefiting from globalization requires hands-on regional leadership. • Global competitiveness requires a proactive regional agenda • The Partnership for the Global Economy will bring together business leaders to identify priorities and organize for strategic action
:CONVERGENCE IN CLUSTERS OF OPPORTUNITY CRITERIA FOR CLUSTERS OF OPPORTUNITY • EMPLOYMENT GROWTH (expanding opportunities in both export and population driven sectors) • GROWING SPECIALIZATION (increase in concentration compared to the U.S. as a whole) • REAL WAGE GROWTH • CAREER POTENTIAL (job opportunities in high, mid and low-level wage occupations)
SAN DIEGO’S 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 Orchestrator of Regional Convergence & Global Collaboration • Innovation and Professional Services
HIGHLIGHTS OF 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.
INNOVATION & PROFESSIONAL SERVICES • How are the region’s providers of Innovation & Professional Services building linkages between San Diego’s businesses and partners abroad? • How are the region’s providers of Innovation & Professional Services facilitating interaction across industries within the region? • How could wireless technologies enhance the activities and products of the region’s Innovation & Professional Services?
LIFE SCIENCES • How could each of the fields of San Diego’s life sciences including marine biotechnology benefit from increased cross-fertilization of discovery and technology? • To what extent are professionals from these fields already coming together formally and informally? • How is current interaction across these fields supporting innovation?
HEALTH SERVICES • How can San Diego’s health care industry benefit from the region’s renown in health care technologies to become an export industry by drawing patients from outside the region? • How could the region’s Life Sciences and IT industries benefit from collaboration from the region’s health care systems and providers? • Is there opportunity for collaborative efforts in the area of clinical trials? • Is there opportunity for collaborative efforts in the development of digital health record systems? • In what ways could the visitor industry and the health care industries in particular work together to develop San Diego’s draw as a destination for high quality and innovative health care services?
COMMERCIAL &INFRASTRUCTURE CONSTRUCTION • To what extent are San Diego’s construction and structural design firms already collaborating with the region’s IT and telecom firms and research facilities? • To what extent are the region’s construction and structural design firms already integrating wireless technologies into their products and services? • In what ways are the region’s construction and design firms evolving their services and products to meet the growing interest in energy efficient building and environmentally sustainable materials?
INFORMATION SERVICES • How can the region’s IT and telecom talent bring new value to its analytical, testing, R&D, design and other professional services? • In particular, with growing attention to issues of environmental impact, what areas of potential collaboration exist between the IT, telecom and environmental analytics services? • How could wireless technologies enhance the activities and products of the region’s innovation and professional services?
ADVANCED MANUFACTURING • What potential wireless applications are currently being pursued by the region’s life sciences firms and research labs? • How does the technology transfer between defense and recreational equipment, such as in the use of advanced materials in golf clubs, currently take place and how could it be improved? • In what ways could the life sciences and aerospace/defense industries benefit from increased collaboration? • In what ways could the industries of precision manufacturing, IT, telecom and life sciences benefit from greater interaction with nano technologists?
VISITORS & REGIONAL EXPERIENCE • In what ways could the visitor industry and the health care industries in particular work together to develop San Diego’s draw as a destination for high quality and innovative health care services? • In what ways could the region’s visitor industry develop efforts with the region’s producers of sporting goods such as golf clubs and surf boards.
NEXT STEPS • Industry leaders within these clusters will meet to identify opportunities, requirements for success and potential for convergence • Cluster groups will recommend specific actions that will become elements of a strategic plan for the region • Leadership Trust will review the results of the cluster group and action team work and approve the strategic plan