Daily Business Report: Tuesday, Sept. 7, 2021
Steve Tadlock named general manager of Pechanga Arena
Succeeds longime GM Ernie Hahn
ASM Global, the premier venue management and services company, has appointed Steve Tadlock as general manager of Pechanga Arena in San Diego, succeeding longtime GM Ernie Hahn.
An industry veteran with over 32 years of experience in event and facility operations, Tadlock joins ASM Global after long tenures with venue operators SMG and LMI.
Tadlock spent 19 years with SMG, opening and operating two arenas as general manager, most recently the Save Mart Center in Fresno. In addition, he had supervisory responsibilities of 14 facilities in the Western U.S. and Canada as regional vice president.
Tadlock succeeds Ernie Hahn, who has served as general manager and partner of Pechanga Arena since 1996.
After four decades of progressive leadership at the venue, Hahn will work with Pechanga Arena SD as senior business adviser while working on his new business Dream Hahn and Wonderfront Festival. In his new role, Hahn will provide his expertise in local eventprogramming, booking, sponsorship, and community engagement to Pechanga Area.
“After 30 years of putting my heart and soul into the Sports Arena (Pechanga Arena SD) as an events coordinator, business manager, general manager and partner, I’m excited in this new role to work with Steve and our team to continue to bring world class entertainment to San Diego while working on other business endeavors”
Jose Francisco Escobedo of Bonita
appointed to State Board of Education
Jose Francisco Escobedo, 60, of Bonita, has been appointed to the State Board of Education by Gov. Gavin Newsom.
Escobedo has been executive director of the National Center for Urban School Transformation since 2021.
He was superintendent for the Chula Vista Elementary School District from 2010 to 2021.
He was later assistant superintendent for the South Bay Union School District from 2006 to 2010.
Escobedo was vice president of Achievement and Operations at Edison Schools Inc. from 2003 to 2006.
He earned a Master of Arts degree in Educational Administration from San Diego State University.
Escobedo earned a Doctor of Education degree in Educational Leadership from the University of California, San Diego.
The State Board of Education position requires Senate confirmation.
The compensation is $100 per diem. Escobedo is registered without party preference.
UC San Diego School of Medicine receives
$2.6 million for health equity programs
University of California San Diego School of Medicine will receive $2.6 million to expand its existing Program in Medical Education (PRIME) on healthy equity, and launch a new PRIME program focused on Native American health. The funding is part of a larger $12.9 million budget to fund all UC PRIME programs, approved in the new California state budget by Gov. Gavin Newsom on July 12.
UC PRIME is a collection of medical school programs designed to support medically underserved populations and address the growing shortage of health care providers in California. Most PRIME students are from communities underrepresented in medicine, and often go on to practice medicine in underserved areas.Alec Calac, Alexandra Pryor, Sofia Aedo, and Katherine Garcia were the first students to participate in the Tribal Ambulatory Healthcare Experience, a new course at the UC San Diego School of Medicine.
Reconstruction of affordable housing
complex is underway in San Marcos
The County of San Diego Health and Human Services Agency and its partners broke ground last week on the replacement for an aging affordable housing complex in San Marcos. Villa Serena, located just north of state Route 78, will help address the ongoing housing crisis in the region by providing affordable housing in an area known for its high cost of living.
The former 136 units at Villa Serena are being replaced by 148 upgraded apartment homes for individuals and families whose household incomes are below the area’s median income. The county is partnering with the City of San Marcos and National Community Renaissance, also known as National CORE, to transform the aging complex.
UC San Diego Health launches new center
to spur patient-centered technologies
From tele-monitoring patients with diabetes to using artificial intelligence to prevent sepsis, the newly launched Center for Health Innovation at UC San Diego Health will seek to develop, test and commercialize technologies that make a real, measurable difference in the lives and wellbeing of patients.
The new Center for Health Innovation will be located on the La Jolla campus of UC San Diego. Collaborators will include the UC San Diego Design Lab, Qualcomm Institute and Jacobs School of Engineering.
Initial projects for the new center will focus on refining the virtual visit experience for patients with technologies like wearable sensors that can monitor chronic conditions. The goal is to focus on older adults, high-risk patients with diabetes and hypertension and patients in hard-to-reach geographies.
World Trade Center San Diego launches
Sixth year MetroConnect
World Trade Center San Diego is accepting applications for 15 SBA-designated small businesses to participate in year six of its flagship export assistance program, MetroConnect. Presented byu JPMorgn Chase and Procopio, the program provides businesses with a $5,000 private-sector funded export assistance grant, access to SystranPRO machine translation software, the chance to win a $25,000 grand prize, and more.
PNC commits $20 billion to environmental finance
PNC Financial Services Group Inc. has committed $20 billion over the net five years in support of environmental finance. An extension of the firm’s work to accelerate the transition to a low-carbon economy, its commitment will invest in renewable energy infrastrudtrure, clean transportation, and green buildings focused on environmental sustainability.
Cal State San Marcos nets $6 million
grant for student veterans
The Veterans to Energy Careers program at Cal State San Marcos received a $6 million grant from the U.S. Department of Defense to place student veterans into internships. The same week, the university’s Office of Success Coaching was selected to receive the 2021 American Association of State Colleges and Universities Excellence and Innovation Award for Student Success.
Genomatica partners with Lululemon Athletica
to bring plant-based nylon to life
San Diego-based Genomatica, a sustainale materials company, is partnering with Lululemon Athletica to bring renewably-sourced, bio-based materials into Luluemon’s products. This represents Lululemon’s first-ever equity investment in a sustainable materials company and Genomatica’s largest partnership within the retail industry. Together, the two companies will create a lower-impact, plant-based nylon to replace conventional nylon, which is the largest volume of synthetic material currently used to make lululemon products.
JLL San Diego Capital Investment Report
All industries investment capital overview
$9 billion total YTD funding
Both life science and technology companies continue to see an immense amount of capital pouring into local companies. 2020’s funding was robust and exceeded the total amount raised in 2019 by 35 percent, while 2021 is on track for a repeated record year. Year-to-date, 60 percent of the total funding has been into life science firms — comprised of biotech, pharmaceutical and medical device industries. In addition, non-life science firms are also benefiting from abundant levels of funding and these companies are on track to outpace 2020’s total sum by the end of Q3 2021. The technology segment has seen great momentum as well, including software, information and AI totaling $2.3 billion in 2021 so far. The leading technology capital funding submarkets include Downtown with $613 million and UTC securing $300 million.
Life sciences investment capital overview
San Diego Life Sciences: $5.5 billion Total YTD funding
Life science companies in San Diego experienced another banner year of investment capital pouring into local companies. Annual life science funding in 2020 surpassed 2019 by 63 percent, and 2021 is on track for a repeated record year. Year-to-date, 55 percent of the total funding has been through venture capital, while 31 percent of the funding has been via IPO. The $550 million Post-IPO Debt raised by Ionis Pharmaceuticals, a therapeutics company based in Carlsbad, is the largest investment since Q4 2020 when Resilience raised $750 million through a Series B round. In addition to both these firms receiving ample capital, each tenant has expanded their footprint in the past 12-months. Furthermore, this record funding into life science companies has driven elevated demand for leasing of lab, office and industrial space, totaling 3.1 million square feet year-to-date.
LET’S FIND SAN DIEGANS OVER 80
Poland’s most gifted poet Stanislaw Jerzy Lec once said, “Youth is the gift of nature but age is a work of art.”
With this in mind, we’re looking to celebrate as many San Diegans 80 or over as we can find with your help.
The 2020 Census says there are more than 20 million Americans 80 years of age and older, including 97,000 who are 100.
We’re all living longer because we smoke less, drink less, eat better and exercise more.
Maybe 80 is the new 60!
Send us your nominations. Please go to our web site — www.sandiegometro.com– and complete the nomination form. Thank you.
