SAN DIEGO, CA – The San Diego Economic Development Corporation (EDC) has launched an Investment Map, which will inform strategic and inclusive growth throughout the region.
EDC detailed that the digital tool is part of the Inclusive Growth Initiative and provides one-of-a-kind interactive data to support decision making in key facets of the local economy: child care, middle-income housing and corporate site selection.
The San Diego Investment Map, brings together diverse data sets into an easy-to-use dashboard, and allows users to explore San Diego County from a different perspective.
The interactive dashboards include data and analysis, and serve to shed light on the biggest threats to the region’s economic competitiveness: the jobs-housing imbalance, among other affordability issues.
Among the key findings, it details that in the area of Child Care, San Diego has 327 “deserts” scattered throughout the region, representing nearly half of all census tracts. The Investment Map can identify gaps in childcare supply and help delineate priority locations.
In the Housing sector, it indicates that 74% of San Diego’s population is middle- or low-income, but only 2.5% of the region’s permitted housing is targeted to these groups. The Investment Map can identify areas with existing building incentives, community plan updates, as well as new commercial developments where workforce housing may be needed.
For Industry, it indicates that there is 15.6 million rentable square feet of commercial space under development throughout the region, predominantly concentrated in North San Diego. While this includes enough office space for more than 42,000 employees, the majority of workers live in the south and east of the region.
“The San Diego Investment Map serves as a tool for local policymakers, developers and entrepreneurs to make informed and deliberate decisions that prioritize the region’s inclusive growth. Through geographic storytelling, the map highlights the gaps in our economy: childcare shortages, disjointed development in terms of both location and income level, rising costs with no end in sight. Data-driven solutions to alleviate these problems will safeguard San Diego’s competitiveness,” said Teddy Martinez, Director of Research for the San Diego Regional EDC.