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San Diego EDC: defense, life sciences and cleantech strong — permitting, housing and federal cuts threaten growth
Summary
The San Diego Regional Economic Development Corporation told an Assembly committee the region is a national leader in life sciences, aerospace and high-tech but faces headwinds from permitting delays, housing costs and potential federal research cutbacks.
Eduardo Velasquez, senior director of research and development at the San Diego Regional Economic Development Corporation, told the Assembly committee that San Diego is a “powerhouse of innovation” but faces structural barriers to growth.
Velasquez detailed the region’s major industry clusters and scale: he told the committee there were roughly 60,000 jobs tied to life sciences in the region, that the area received about $1.2 billion in technology…
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