Daily Business Report-Aug. 2, 2017
The Rugo camera light made by FoxFury of Oceanside, one of the companies selected for the MetroConnect program.
15 San Diego Companies Selected
for Export Assistance Program
Fifteen companies selected to participate in the MetroConnect program, a comprehensive export assistance program to help local companies accelerate their global growth, were announced Tuesday by Mayor Kevin Faulconer World Trade Center San Diego and JPMorgan Chase & Co.
“Helping startups and businesses expand into foreign markets is one of the most effective ways to grow our economy and create jobs for all San Diegans,” said Faulconer. “By taking San Diego innovation internationally, the MetroConnect program and the 2017 cohort of companies are exposing consumers around the world to the life changing companies in our region.”
The 2017 MetroConnect companies represent a diverse cross-section of San Diego’s innovation economy.
Now in its third year, the MetroConnect program equips small- and medium-sized companies with a suite of financial and programmatic resources to support their efforts in bringing their products and services global. Powered by JPMorgan Chase, MetroConnect resources include:
- $10,000 in matching grants to cover up to 50 percent of the costs associated with international expansion.
- Dedicated WTC San Diego staff manager to support company participants in deploying overseas strategies during the grant period.
- Access to workshops that address export compliance, financing and fundraising and more.
- Reduced airfare on the Japan Airlines direct flight from San Diego to Tokyo, and on Air Canada direct flights from San Diego to Canada.
- Free access to SYSTRAN software for website translation and customer service needs.
- Consideration to compete for an additional $35,000 during the MetroConnect Grand Prize Pitchfest in May 2018.
The 2017 MetroConnect companies are: Coronado Brewing Co.; CP Global Manufacturing; CureMatch; Del Mar Oceanographic; Dermala; Envision Solar International; FoxFury; Guru; Julian Hard Cider; Optimized Fuel Technologies; Performa Learning; Planck Aerosystems; Tioga Research; Tunnel Vision; and Urban Translations.
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Construction Started on One Paseo
Retail in Del Mar Heights
Construction has begun on the new One Paseo Retail located on the southwest corner of Del Mar Heights Road and El Camino Real in San Diego. Ware Malcomb provided master planning and architectural design services for the retail project component, which is targeting occupancy in 2018. The developer for the project is Kilroy Realty.
Located in Del Mar Heights, One Paseo is a mixed-use master-planned project incorporating office, residential and retail space.
Ware Malcomb designed the 12 single-story restaurant and high-end retail buildings totaling approximately 95,000 square feet located within the new residential and office development. Additional amenities incorporated within the retail landscape design include a children’s play area, community workout area, and a farmer’s market for the adjacent residences and offices. The restaurants in One Paseo Retail will feature local chefs serving locally-grown food.
Ware Malcomb also designed a three-level parking structure accommodating 548 parking stalls with a top level shade structure.
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San Diego State University Makes
Princeton Review’s Best Colleges List
By Katie White |SDSU NewsCenter
San Diego State University has been recognized as one of the nation’s top universities by the Princeton Review.
“The Best 382 Colleges” listings, which are published in the 2018 edition of the Princeton Review’s college guide, are based on surveys of 137,000 students attending 2,500 four-year colleges across the nation and two colleges outside the United States. Only about 15 percent of America’s four-year higher education institutions made the cut.
The Princeton Review’s flagship college guide does not rank colleges 1 to 382, but rather highlights the top schools in alphabetical order. Published annually since 1992, the guide includes detailed profiles of the universities with ratings in eight categories, including academics, financial aid and education programs.
SDSU’s two-page profile within the college guide notes the university’s impressive continuation rates and increasing graduation rates. Ninety percent of SDSU’s freshmen students continue on to their sophomore year. Approximately 74 percent of first-time freshmen graduate in six years or less.
The Princeton Review’s college guide also features top 20 rankings in 62 categories. The lists are based on an 80-question survey that asked students to rate their schools on several topics, ranging from classroom experience and extracurricular activities to quality of life and social scene.
“We chose San Diego State University for this book because it offers outstanding academics,” said Robert Franek, Princeton Review’s editor-in-chief and author of “The Best 382 Colleges.” “Our selections are primarily based on our surveys of administrators at several hundred four-year colleges. Most importantly, we look at valuable feedback we get from students at each school.”
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Upcoming Major Events
at the San Diego Convention Center:
- American Association of Clinical Chemistry, Aug. 1-3 (20,000 attendees)
- SPIE Optics + Photonics 2017, Aug. 8-10 (4,500 attendees)
- Energy Storage North America, Aug. 8-10 (2,000 attendees)
- National Association of Chain Drug Stores Total Store Expo, Aug. 19-22 (5,500 attendees)
- Sharp Healthcare Employee Meeting, Aug. 28-29 (11,000 attendees)
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Northrop Grumman Wins
$505 Million Navy Contract
Northrop Grumman has won a potential five-year, $505.3 million contract from the U.S. Navy to start full-rate production of systems designed to protect warfighters, vehicles and structures from radio-controlled improvised explosive threats.
The Defense Department said Northrop will manufacture the systems under the Joint Counter Radio-Controlled Improvised Explosive Device Electronic Warfare Increment One program.
JCREW will have a dismounted variant that can be placed in backpacks; a mounted version for use on tactical vehicles; and a fixed variant designed to secure permanent facilities, according to the Navy.
The Navy received two proposals for the contract and obligated $57.8 million in fiscal years 2015 and 2016 “other” procurement funds at the time of award.
Ninety-seven percent of work will take place in San Diego, and the remaining three percent in Sierra Vista, Ariz.
The Pentagon expects Northrop to finish contract work in August 2022.
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Fixes for Balboa Park,
Rec Centers Put at $100 Million
More than $100 million in spending is necessary to bring the buildings at Balboa Park and various amenities at other parks around San Diego into good condition, according to a pair of reports scheduled to be delivered today to the City Council’s Infrastructure Committee. The city assessed the condition of 118 buildings or structures in Balboa Park and the amenities — like playgrounds and fields — of 76 parks. — City News Service
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Personnel Announcements
Kandace Watson Joins Sheppard Mullin Firm
Kandace P. Watson has joined the San Diego (Del Mar) office of Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm’s Corporate practice group. Watson joins from Kilpatrick Townsend, where she headed the Mergers, Acquisitions, Securities and Corporate Team in Southern California and led the Corporate Department’s Southern California Chemical & Life Sciences and Medical Devices Teams.
Watson has extensive experience representing companies, corporate boards and executives in complex transactions in intellectual property intensive industries, including biomedical, biotechnology, chemical, health care, pharmaceutical, software and technology.
Watson received a J.D., with honors, from University of Texas at Austin and a B.A., with highest honors, from Hampton University.
Sheppard Mullin has 70 attorneys based in its San Diego (Del Mar) office. The firm’s Corporate practice group includes 180 attorneys.
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Mary Howell to Receive Of Counsel Post
Mary M. Howell, senior shareholder at Epsten Grinnell & Howell APC, will take on a new role as of counsel to the firm effective Jan. 1, 2018.
Howell has been practicing law since 1976, joined EG&H as a shareholder in 1992 and was inducted into the College of Community Association Lawyers in October of 1996.
