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Thursday, Mar 28, 2024
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Tourist Season Bring Bodies and Bucks to Town

It’s summertime, and the livin’ is easy. Erik Bruvold, the economic guru at National University System Institute for Policy Research, says in a just-issued report that out-of-town vacationers will spend more than $450 million through Labor Day — on items ranging from “sunscreen to sand shovels.” More than 114,000 tourists will visit San Diego County daily, almost twice as many as the rest of the season … Long given up for dead, the IPO door is opening a bit wider for the region’s life science sector. San Diego-based Evoke Pharmaceuticals files docs for a $24 million IPO. The company, pursuing treatments for gastrointestinal disorders, becomes the third in recent weeks — joining Ambit Biosciences and Receptos Inc. — to float shares on Wall Street … Cubic Corp.’s public transit unit unveils NextAgent, its latest ticketing device. The Kearny Mesa-based public company says the kiosk is a meld of ticket office, call center and ticket vending machine, and enables travelers to converse virtually with ticket agents based at remote locations. Cubic sells high-tech ticketing machines to 40 transit agencies located in five continents, with locations in San Diego and San Francisco … Happy Birthday, Davy Architecture. The service-disabled veteran-owned small business celebrates its 29th year June 4. Principal Ric Davy, a decorated military pilot from the Vietnam era, launched the firm in 1984 … Alums from Harvard University Graduate School of Design have launched a new lecture series here titled “DISrupt!,” with an inaugural talk recently. The lectures are designed to provide a forum for discussion of how disruptive, creative thinking spawns innovation necessary to solve problems and move society forward, says a spokeswoman. Dig down at the California Center for Sustainable Energy’s website, energycenter.org/disrupt … As everyone knows, craft beer is big in San Diego, one its fastest-growing industries. So to help meet the employment demands of the industry, SDSU extended studies college is launching a professional certificate in the business of craft beer this fall … Surprise stat about the working poor, or underemployed, just released. The San Diego Food Bank completes a survey of its clients, and discovers that two-thirds of households receiving food assistance have family members who work. Nearly two in five households have one employed individual, and 30 percent have two or more people in the household working … Finally. A bit of good news. The Sacramento-based California New Car Dealers Association says new car registrations revved past 400,000 units in the first quarter, the best first period since 2008 before the recession hit. Japanese-made cars account for half of the sales during that three month period, the member agency reports. Till next week!

Tom York is contributing editor of the San Diego Business Journal. If you have interesting tidbits or newsworthy ephemera, send them to tyork@sdbj.com or tom.york@gmail.com.

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