In this special report, we take an in-depth look at economic catalysts continually driving San Diego's growth and development today -- from housing to transportation and education. In particular, we'll explore the impact small businesses have on our economic future.
In California, small businesses are vital to the financial well-being of the state's economy. Their contribution is essential for economic growth since they make up almost all employer firms in the state. As entrepreneurs and innovators, small business owners represented a diverse group in 2004 and continued to keep the state's economy productive.
Colleges and universities are rising to the challenge of educating San Diego County's growing population.
There's a new phase to the renaissance taking place in southeastern San Diego in an area known as the Diamond Neighborhoods.
By now, franchising is no longer the new and untested kid on the block. With more than 800,000 individual franchise operations in existence in the United States as of 2001, franchising generates 18 million jobs and a total of $1.5 trillion in total economic output, representing approximately 10 percent of the U.S. private-sector economy. The heavy franchising action is in the top 10 industries: fast food, retail, services, automotive, restaurants, maintenance, building and construction, food retail, business services and lodging.
A bond measure that brought $68 million in affordable housing dollars to this region is running out of funds, but CCDC continues to subsidize low-income projects both inside and outside of downtown.
Shipworkers and residential developers may be at odds, but as the East Village fills up, the bigger showdown may be in Barrio Logan.
The once forgotten South Bay is coming into its own with new housing, hotels and retail centers. Until it gets a third border crossing, however, it might not realize its full potential.
In October 2003, Scripps Ranch, a victim of the San Diego County Cedar fires, was engulfed in flames. Merely two years later, more than 60 percent of the 312 homes that were destroyed have been reconstructed, and since Aug. 31 the city has issued 298 permits to rebuild, according to City Councilman Brian Maienschein, whose district includes Scripps.
Business and political leaders say South San Diego County is experiencing a boom right now, but if the sudden growth isn't harnessed, the area could bust.