When BD—the world’s largest medication management company—announced they were acquiring San Diego-based CareFusion, many thought that would signal the loss of one of San Diego’s home grown companies. But it turns out, the opposite was true. EDC connected the newly-integrated company to resources to ensure it continued to flourish in San Diego, protecting the jobs of more than 3,000 people in the region.

Upon news of the merger, Mayor Faulconer made a personal call to BD executives to ensure the company had what it needed to stay in San Diego. And it sounds like they did. Let’s face it—companies can grow faster when they are being rewarded for their growth. This is why EDC connects local businesses with the California Competes Tax Credit, a discretionary incentive managed by the Governor’s Office of Business and Economic Development (GO-Biz). In 2016, EDC supported five companies that were awarded a combined $3,475,000 in tax credits to create 111 jobs over the next five years.

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With a projected in-state investment of $58 million, Hunter Industries was an ideal candidate for the Cal Competes Tax Credit. EDC worked in lock-step with Hunter–the largest private employer in San Marcos–to ensure the irrigation manufacturer presented a competitive application. Ultimately, GO-Biz awarded Hunter an $850,000 tax credit to help with facility expansion, equipment purchases and hiring, supporting the company in adding 111 jobs. Approximately 128,000 of the region’s jobs are supported by exports, and 55,000 San Diegans are employed by foreign-owned enterprises. Given these numbers, it’s safe to say that global connectivity is a critical component of San Diego’s overall economic health.

As a way to grow international trade and investment across San Diego, EDC and founding partners relaunched the World Trade Center San Diego (WTCSD). As an EDC affiliate, WTCSD is driving connections between San Diego and the global market. Here’s how: Direct Flights. INCREASING EXPORTS: METROCONNECT A craft brewer looking to break into Japan. A banjo maker with its eye on India. A med device company forging connections with the UK. MetroConnect, WTCSD’s export assistance program, worked with a cohort of 15 local companies across a variety of sectors.

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Made possible by the support of JPMorgan Chase, these companies received financial and programmatic resources to support their plans to expand internationally. Collectively, MetroConnect companies earned $6 million in additional export sales and added 42 jobs to the regional economy. Now in its fourth year, San Diego Manufacturing Day is part of a national program celebrating the manufacturing industry and the technical workforce that drives its growth. Underwritten by Samsung, EDC hosted the largest MFG Day event in the state and supported more than 60 public tours of facilities on both sides of the border including Taylor Guitars, Samsung, Stone Brewing and more.

By connecting San Diegans with key industries, EDC is ensuring the continued growth of jobs and investment in the bi-national region. • Dev Bootcamp • DLA Piper US • Douglas Allred Company • Duty Free Americas • Eastridge Workforce Solutions • ESET North America • Evans Hotels • Fox Sports San Diego • Gafcon • Gary & Mary West Foundation/West Health Institute • General Atomics • General Dynamics NASSCO • Gildred Companies • Greater San Diego Association of Realtors • Grizzly • H.G. Fenton Company • Hale BioPharma Ventures • Hecht Solberg Robinson Goldberg & Bagley • Hines Interests • Hired • Hotel Solamar • Hunter Industries • Iberdrola Renewables • iboss Cybersecurity • Illumina • Innovative Commercial Environments • Jacobs Center for Neighborhood Innovation • Japan Airlines • Jerome's Furniture • JetBlue Airways • Jiyo • JPMorgan Chase & Co. • Junior Achievement of San Diego County • Kaiser Permanente • Kilroy Realty Corporation • Kyocera International • Lankford & Associates • Latham & Watkins • LBA Realty • Lowe Enterprises Real Estate Group • Manchester Financial Group • Manpower.