Daily Business Report: March 8, 2024
San Diego Hardware’s next generation
joins the family business
New Co-Owners Bryan and Hannah Haynsworth Lead Company into Future
The fifth generation of the founding family of San Diego Hardware has officially taken a partial ownership in the business.
Bryan (the son of co-owner Bill Haynsworth) and Hannah (née Fleming; the daughter of co-owner Rip Fleming) Haynsworth have now joined their fathers and are co-owners of the 132-year-old store that is known for its expansive decorative hardware selection and personalized customer service.
As one of the top ten oldest family-owned businesses in the region, San Diego Hardware is proud the next generation will continue the family tradition.
Bryan and Hannah grew up in the store, first working as teenagers fulfilling orders then returning to the business full time in their late 20’s. In the last decade, they have taken on larger roles and have been instrumental in building the websites for both SanDiegoHardware.com and HardwareSource.com. With her interior design background, Hannah has a keen eye for sourcing new and exclusive products from around the world. The couple is also excited to launch the store’s exclusive “by appointment only” hardware showroom for interior designers later this year.
New Offerings: Named in honor of the year the store opened downtown, Studio 1892, will become a destination for interior designers and their clients to meet to preview premium decorative hardware in a private and comfortable setting. Available by appointment-only, Studio 1892 will feature a meticulously curated selection of top-tier products on display from renowned brands and will offer a diverse range of styles to suit various design preferences and project requirements.
San Diego Hardware is located at 5710 Kearny Villa Road, San Diego 92123.
Top Photo collage: San Diego Hardware street view; showroom interior; co-owners Bryan and Hannah Haynsworth.
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What you need to know about California
housing and corporate landlords
By Ben Christopher | CalMatters
Some of the state’s most powerful legislators want Big Landlord out of California’s single family neighborhoods.
The Legislature will consider at least three bills this year to keep so-called institutional investors from gobbling up too many of the state’s widely coveted single-family homes.
Apartment buildings have long been an asset of interest for big investment companies, but the Big Money-owned single family rental is a 21st Century invention. During the Great Recession new companies began cobbling together rental empires out of the nation’s glut of foreclosed single-family homes.
Defenders of the business model applaud the role it played in propping up local housing markets and quickly filling homes that would have otherwise sat vacant and derelict. Critics liken these investors to financial vultures depriving would-be homeowners of a shot at the American Dream while hoarding the profits of the last decade’s run-up in national home prices and rents.
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The Health Impacts of Migrating by Sea
A new study of migrant drowning deaths in the Pacific Ocean
lays the groundwork for future research
By Judith Myers | UC San Diego
In the four years after the border wall height was increased from 17 feet to 30 feet along the US-Mexican border, drowning deaths of migrants in the Pacific Ocean off the coast of San Diego increased by 3200 percent, according to a new study published in JAMA. Co-authors Anna Lussier, M.D, student in the University of California San Diego School of Medicine, and Peter Lindholm, M.D., Gurnee Endowed Chair of Hyperbaric and Diving Medicine Research and professor in residence in the Department of Emergency Medicine at UC San Diego School of Medicine, hypothesized that the change in wall-height may have resulted in an increase in marine and maritime migration attempts, resulting in more frequent drownings.
The study relied largely on publicly available data from the Missing Migrants Project (MMP), an initiative of the International Organization for Migration (IOM), which coordinates the UN network on migration and compiles data on migrants, refugees, and asylum seekers who die during migration journeys.
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Taxpayers association calls public power plan
‘bill of goods’ that will undermine clean energy
By Chris Jennewein | Times of San Diego
The San Diego County Taxpayers Association announced its opposition to a public power ballot initiative, calling it a “bill of goods” that could turn back the clock on clean energy use in the region.
The Power San Diego initiative seeks to buy out San Diego Gas & Electric and create a public utility, promising lower electric rates because of nonprofit operation.
The Taxpayers Association estimated a buyout would cost citizens $6 billion, or approximately $11,640 per household, with no guarantee of cheaper rates unless the new utility turned to less-expensive, higher-carbon energy sources.
Increasing the use of renewable energy “requires capital investment that would have to come from private investors wanting to make a profit or the credit of a large group of customers,” the Taxpayers Association said, adding that a municipal utility would not have a sufficient customer base to do this.
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Tendo ranked in top 20 of the Forbes 500 Best Startup Employers 2024
Tendo, a software company committed to creating seamless health care experiences for patients, clinicians, and caregivers, earned the No. 20 spot on the Forbes ranking of America’s 500 Best Startup Employers 2024. Founded in 2020 by siblings Dan Goldsmith and Jen Goldsmith, Tendo was started at the height of the pandemic as a remote-only company and quickly focused on the challenge of building new employee connections, deep collaborations, and a strong culture. It now has more than 150 employees.
Sendlane launches Forms for e-commerce merchants
Sendlane, the unified retention marketing solution for eCommerce brands, announced the launch of Forms, a user-friendly tool enabling eCommerce merchants to grow their email and SMS lists easily at no additional cost. Now, users can achieve optimal results with the Sendlane Forms tool, featuring robust options ranging from customizable layouts to advanced targeting and comprehensive performance data
QuidelOrtho receives Health Canada OK for Quidel Triage PLGF test
QuidelOrtho Corporation has received approval from Health Canada for its Triage PLGF test for laboratory use in Canada. The Triage PLGF test is a fluorescence immunoassay to be used with the small footprint Triage MeterPro Instrument for the quantitative determination of placental growth factor in maternal plasma specimens. The test is intended to detect the presence of angiogenic imbalance, a consequence of abnormal placentation and poor blood flow in the placenta.
VedaBio strengthens management team
VedaBio, the biotechnology company leading a paradigm-shift in molecular detection, announced that Frédéric Sweeney has been appointed president and chief executive officer. He previously held the role of executive chairman, president and chief operating officer at VedaBio. The company also announced the appointment of industry veteran Maurice Exner, as chief operating officer.
Stelo by DexCom first glucose biosensor cleared by FDA as over-the-counter
DexCom Inc., the global leader in real-time continuous glucose monitoring for people with diabetes, announced that the FDA has cleared Stelo by Dexcom – the first glucose biosensor that doesn’t require a prescription. There are approximately 25 million people in the U.S. living with Type 2 diabetes who do not use insulin and who can benefit from continuous glucose monitoring (CGM) technology.
Airgain awarded multi-million dollar design win
Airgain Inc., a leading provider of wireless connectivity solutions that create and delivers embedded components, external antennas, and integrated systems across the globe, secured a multi-year, multi-million dollar design win with a Tier One multi-service operator (MSO) in North America, upgrading its customer premise equipment to Wi-Fi 7 with Airgain’s antenna solution. This device is expected to begin shipping in the second half of 2024.
Qualcomm increases quarterly cash dividend
Qualcomm Inc. announced that its board of directors has approved an increase in the company’s quarterly cash dividend from $0.80 to $0.85 per share of common stock. This dividend increase will be effective for quarterly dividends payable after March 21, 2024 and will raise the annualized dividend payout to $3.40 per share of common stock.
Clearspeed names Donald Blersch as SVP of government innovation
Clearspeed, a leading provider of voice analytics technology for risk assessment at scale in the government, insurance, banking, and security sectors, announced the appointment of Donald (Don) J. Blersch as SVP of government innovation. Blersch will lead delivering Clearspeed’s AI-powered risk assessment solutions across agencies, drive strategic development to meet stakeholder needs, and empower a team of government relations experts.
ATX’s Visium SBB security adapter gains traction
ATX Networks, a global leader in broadband access and media distribution solutions, disclosed that the Visium Set-Back Box, the company’s pocketsize Pro:Idiom-compatible security adapter, is now a preferred end-device for cost-efficiently elevating the in-room experience among resellers of DIRECTV’s satellite television service for hospitality and other commercial venues. The adapter plugs a gap in the commercial video services market by enabling hotels, hospitals and other non-residential environments to significantly improve the video experiences they deliver to guests.
Mbrace Therapeutics appoinst Steve Alley as chief scientific officer
MBrace Therapeutics Inc., a clinical-stage biopharmaceutical company devoted to improving the lives of patients with cancer by developing novel antibody-drug conjugates (ADCs), announced the appointment of Steve Alley as chief scientific officer. Alley joins MBrace with over 20 years of experience at Seagen, a world-leader in ADCs that was acquired by Pfizer in 2023. Alley served as executive director, translational sciences, at Seagen.
Nielsen Biosciences enrolls first patient in study of warts treatment
Nielsen BioSciences Inc., a privately-held, San Diego-based biopharmaceutical company, announced the first patient enrolled in CFW-3A – a Phase 3, randomized, double-blind, placebo-controlled study of the safety and efficacy of CANDIN for the treatment of Verruca vulgaris (common warts) in adolescents and adults. The study is ongoing and will continue to enroll patients across sites in the U.S. and Japan, making this Nielsen’s first clinical study with global reach.
