San Diego: Fastest Growing Region for Clean Jobs
Industries account for one in ten jobs
San Diego County stands out as an established leader in California in the remodeling of the business environment to leverage the growing clean economy according to The San Diego Foundation’s research. All trends indicate that clean energy and technology industries will be major job creators in the region for years to come.
The report, “Economic Vitality: Clean Jobs in the San Diego Region,” analyzed past studies and interviewed employers, public officials, industry associations and experts to find out what drives the clean jobs industry in San Diego.
“The green economy in San Diego County is still in development, but it’s on the rise. Our findings show that one in ten jobs will be linked to green industries and that traditional industries are starting to change in order to take advantage of emerging technologies,” said Laura Coleman, author of the study. “Eventually we’ll stop saying green, and just call it industry.”
According to the report, the San Diego region has attracted $445 million in clean technology venture capital in the last five years, serving as a vital jobs creator in the region. The National Venture Capital Association estimates that each $100 million in venture capital funding helps create 2,700 jobs.
“These emerging industries are a bright spot for our region’s economy and quality of life,” said Scott Peters, Chair of The San Diego Foundation’s Climate Initiative and CleanTECH San Diego board member.
The study finds that San Diego County’s strong, green economy and subsequent job growth is supported by several key factors, including: significant local venture capital investment in regional clean-tech companies; state and local policy that creates more opportunities for development; local demand for installing renewable energy, and improvements in energy efficiency technologies. “San Diego is steadily establishing itself as a leader in the emerging clean technology industry,” said Mayor Jerry Sanders. “With our entrepreneurial business culture, an educated workforce and plenty of skilled labor, our region is ideal for supporting this vibrant new sector.”The report indicates a majority of clean jobs require less than two years of education or training, and that San Diego already has a prepared workforce that has transferrable skills.
“The San Diego region is strongest in renewable energy,” Coleman said. “But the area’s emphasis on innovation in its thriving biotech industry can lead to developments in areas like biofuels, another sub-sector this region is known for.”
To review the Clean Jobs report click here.
The San Diego Union-Tribune ran an two Opinion Editorial on the report’s findings as well as the strength and impact of green jobs on our economy.