San Diego Business Journal

Surveys Say San Diego Is Business Friendly and Tech Minded

By Mike Allen Monday, May 21, 2012

San Diego’s reputation as both a low cost place to do business and a top technology center was bolstered May 17 by the release of two reports.

A survey done by the Kosmont Rose Institute at Claremont-McKenna College found that San Diego was the least expensive major city in which to do business. The survey of 421 cities nationally evaluated business taxes and fees, economic incentives and other factors.

Mayor Jerry Sanders said the city has worked hard to create a business-friendly climate by doing things such as streamlining the permitting process and starting programs aimed at new business creation.

The Kosmont Rose survey found that the costs of doing business in both the Los Angeles and Bay Area were among the most expensive in the state.

In another survey done for Forbes Magazine, San Diego ranked No. 3 among the best cities in the nation for tech jobs. The survey assembled numbers for both job creation in high technology sectors including software, telecommunications and the Internet, and for those jobs classified as STEM, or science, technology, engineering and mathematics related.

Forbes said in the years 2009-2011, the San Diego region had a nearly 16 percent gain in tech sector jobs, and a 6.5 percent increase in STEM jobs.

The Seattle region ranked first with a 12 percent increase in tech jobs, and 7.6 percent gain in STEM jobs over the two years. It was followed by the Silicon Valley region.

Sanders said the city has worked hard to create a climate that “attracts the best and the brightest in a wide variety of technology fields, from high tech to clean-tech to wireless communications.”