Daily Business Report: Tuesday, June 21, 2022
Plant-based Products:
The journey from bean to burger
Visual Capitalist
As plant-based products become more and more popular, their demand continues to skyrocket.
As a result, alternatives like meatless meat are expected to take a bite out of the conventional protein market in the coming years. In fact, the global plant-based market value is expected to grow 5.5x to reach a projected $162 billion by 2030.
So how do these plant-based alternatives end up on people’s plates? This infographic from the Very Good Food Company (VGFC) traces the supply chain to discover how a plant-based product, such as a vegetable burger, goes from farm to fork.
California suffers the most corporate data
breaches than any other state, says Forbes Advisor
California has experienced the most corporate data breaches in the last five years, costing the state more than $80 million over that period, according to a report by Forbes Advisor.
The state has seen a total of 1,807 different business data breaches, resulting in losses of $81,013,216 — tops in the U.S. California has seen financial losses increase by 253 percent in the last five years, with 2017 being the worst year in the state for data breaches, with 632.
Florida is second, with 956 businesses in the state suffering data breaches, resulting in losses of $57,773,356. Over the last five years, financial losses have increased by 154 percent, with 2017 again being the worst year for business data breaches in Florida overall, with 300.
Over the past five years, data breaches have affected 11,343 businesses in the U.S., resulting in losses of $431,854,725, according to Forbes Advisor.
Feeding San Diego providing meals to youth
facing hunger across the county this summer
This summer, Feeding San Diego is providing nutritious meals to youth in need as part of the Summer Food Service Program (SFSP), a critical part of its hunger-relief services across San Diego County. SFSP provides vital support during the summer months to ensure youth are getting the nutrition they need to grow and thrive. The hunger-relief nonprofit partners with other nonprofits, recreation centers, and libraries across the county to distribute prepared meals to kids five days a week.
According to data from the California Department of Education, there are nearly 500,000 kindergarten through 12 students in San Diego County, and over 240,000 of those students rely on free or reduced-price meals while in school. That means in the summer months, nearly 50 percent of San Diego County students could lose access to nutritious meals.
Feeding San Diego recently celebrated its 15th year of operation. It is headquartered in Sorrento Valley. Gwendolyn Sontheim founded the nonprofit and currently serves as the organization’s board chair.
Anyone in need of food assistance can use the Find Food Map to find a food distribution nearest to them.
Salk professor Janelle Ayres joins Cancer Grand
Challenges team tackling cancer cachexia
An international team of researchers, including Salk Institute Professoc Janelle Ayres, has been selected to receive a $25 million Cancer Grand Challenges award to tackle the challenge of cancer cachexia, a debilitating wasting condition that often leads to a poor quality of life for people in the later stages of their cancer. Cachexia is responsible for up to 30 percent of cancer-related deaths.
Known as the Cancer Cachexia Action Network (CANCAN), the team is co-funded by Cancer Research UK and the US National Cancer Institute, part of the National Institutes of Health. CANCAN is one of four new teams announced today as part of Cancer Grand Challenges, representing a total investment of $100 million to diverse global teams taking on some of the toughest challenges in cancer research.
Cachexia is a long-recognized condition that can be caused by a number of infectious and non-infectious diseases. Tuberculosis, for example, can lead to cachexia—that’s why the condition was “consumption” in the 1800s, to describe the way the infection seemed to “consume” patients as they wasted away.
St. Paul’s Senior Services hires corporate nurse
St. Paul’s Senior Services (SPSS) has hired Karen Mitchell-Keels as corporate nurse to help ensure the delivery of best-in-class nursing services throughout all of St. Paul’s programs, including St. Paul’s Program of All-inclusive Care for the Elderly (PACE).
In this position, Mitchell-Keels will oversee infection control and required nurse training.
She will also help develop strong clinical quality improvement programs and ensure compliance with applicable regulations. Additionally, she will work with nursing leadership to drive corporate-wide nursing standards, policies, and practices.
Mitchell-Keels has served in various roles that directly support her work at St. Paul’s, including consulting nurse, clinic manager and care coordinator, nurse educator, outreach manager and case manager.
“The new position was created to have corporate-level support of our nursing staff, especially as we continue to grow,” said Tim Frazier, vice president and corporate administrative officer.
UC San Diego’s RIMAC Arena renamed
LionTree in recognition of $5 million gift
Since it was established nearly three decades ago, the University of California San Diego’s RIMAC (Recreation, Intramural and Athletic Complex) Arena has been home to countless athletic competitions, graduations, concerts and other events that are imprinted on the memories of thousands of UC San Diego alumni, students, friends and visitors.
UC San Diego announced that RIMAC Arena has been named LionTree Arena in recognition of a $5 million gift for scholar-athletes from LionTree, an independent investment and merchant bank with expertise in technology, media and the digital economy. LionTree was founded by UC San Diego alumnus Aryeh B. Bourkoff, who also serves as the firm’s CEO. LionTree’s gift is the largest ever received by UC San Diego Athletics, establishing the LionTree Endowed Scholarship Fund to support scholar-athletes.
Rebecca Louie named president and CEO
of Wakeland Housing and Development Corp.
Longtime affordable housing advocate Rebecca Louie assumes the post of president and CEO of Wakeland Housing and Development Corporation, a San Diego-based nonprofit that has created more than 7,500 affordable homes for low-income people over the past two decades.
She succeeds founding President and CEO Ken Sauder, who is retiring after 23 years.
A Native Alaskan and a member of the Tlingit-Haida tribe, Louie is widely known as a strong advocate for affordable housing, social and environmental justice, and homelessness through her work at Wakeland and past employers, including the San Diego Association of Governments (SANDAG), the Center on Policy Initiatives, and United Indian Nations Community Development Corporation.
She is the current Board Chair for the San Diego Housing Federation.
Louie will oversee an organization with an annual budget of $6 million, a staff of 44 employees in San Diego and Los Angeles, nine developments currently under construction
KB Home holds grand opening of new
single-family community in Spring Valley
KB Home announced the grand opening of Crestline, a new, single-family home community located in Spring Valley. The new homes at Crestview showcase desirable design characteristics like spacious kitchens overlooking large rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community’s floor plans feature three bedrooms and two-and-a-half baths, and range in size from approximately 1,700 to 1,800 square feet.
The Crestline sales office and model homes are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the mid $700,000s.
City Ballet to bring in New York City Ballet
principal dancers to summer program
Three principal dancers from New York City Ballet will be on faculty for Pacific Beach-based City Ballet of San Diego’s 27th annual Summer Intensive training program, July 25 through Aug. 12. The three-week program is designed to give serious ballet students at the intermediate to advanced level the opportunity to study with the finest ballet instructors assembled on the West Coast, culminating in a free public performance.
Summer Intensive 2022, in addition to the resident faculty of artistic director Steven Wistrich, resident choreographers Elizabeth Wistrich and Geoffrey Gonzalez, and principal dancer Ariana Gonzalez, includes guest faculty members who are principal dancers from New York City Ballet: Megan Fairchild (July 25-29), Ashley Bouder (Aug. 1-5), and Daniel Ulbricht (Aug. 8-12).
San Pasqual Band commissions Tribal
Government Complex Microgrid
The San Pasqual Band of Mission Indians (SPBMI) celebrated with a ribbon-cutting event to commemorate commissioning the SPBMI Tribal Government Complex Microgrid on June 9, in Valley Center. The tribe, in partnership with I
ndustria Power, built and launched the microgrid. The microgrid project is an integrated renewable energy system that maintains resilient energy supplies for critical government facilities, including the San Pasqual Tribal Hall, Law Enforcement, Fire Department, Housing Services, and Education buildings that serve as community shelters.
During a grid power outage, the microgrid enters islanded mode and powers the entire site from the combination of solar production and energy stored in the batteries. San Pasqual also plans to integrate a new liquefied petroleum-fueled generator into the system in the near future, providing even greater protection against long-duration outages.
CalTier Inc. opens its Series A $5 million round of funding
CalTier Inc. (CalTier), the innovative Fintech Crowdfunding platform,announced it has launched its Series A $5 million round of funding following successfully closing its $1.1 million Seed round. This Series A round will help CalTier improve its platform, offer additional services, and expand its growing investor community.
Their platform has over 8,000 users and their first fund has made 9 investments, totaling 1,300 doors.
“We are really excited about the growth of the company and our mission to give as many people as possible access to these historically hard to reach investments. This next round of funding will help us improve our platform and get the CalTier service out to the masses,” said Matt Belcher, founder and CEO of CalTier.
Inamori Foundation announces
2022 Kyoto Prize laureates
The Inamori Foundation announced the 2022 laureates of its Kyoto Prize, Japan’s highest private award for global achievement, in the categories of Advanced Technology, Basic Sciences, and Arts and Philosophy. Each laureate receives a diploma, a 20-karat gold medal, and a monetary award of 100 million yen (about U.S. $750,000). To avoid COVID-19 risk, the new laureates will give commemorative lectures online this year instead of convening in person for the Kyoto Prize ceremonies traditionally conducted in Japan each Nov. 10. They will convene online or in person for the 22nd annual Kyoto Prize Symposium in San Diego, in March 2023, and for the Kyoto Prize at Oxford events in Oxford, UK, in May 2023.
The 2022 laureates:
Advanced Technology: Carver Mead, the Gordon and Betty Moore Professor of Engineering and Applied Science, Emeritus, at California Institute of Technology.
Basic Sciences: Population biologist Bryan T. Grenfell, the Kathryn Briger and Sarah Fenton Professor of Ecology, Evolutionary Biology and Public Affairs at Princeton University.
Arts & Philosophy: Grammy award-winning tabla musician Zakir Hussain, who has opened new possibilities beyond the framework of traditional Indian music in collaboration with artists of other diverse genres worldwide.
