Daily Business Report — May 3, 2010
40 Under 40 Nominations
Nominations are now open for San Diego Metropolitan Magazine’s 11th annual 40 Under 40 awards. The nomination period ends May 31. The honorees will be feted at our annual luncheon on Sept. 9 at the San Diego Convention Center and profiled in the September issue of the magazine. Visit http://sandiegometro.com/40under40/ for a nomination form.
Bridgepoint Education’s Economic Impact Assessed
Bridgepoint Education Inc., the San Diego-based company that provides postsecondary education classes online, had an estimated economic impact of $507 million in business output on the San Diego region in 2009, according to a study released last week. The study was prepared by The London Group, an economic consulting firm, in association with Andrew Narwold, professor of economics at the University of San Diego. The business output estimates set forth in the study include base impacts that are directly attributed to Bridgepoint Education’s operations, such as employee wages, building rent paid and charitable contributions, as well as a broader measure of the economic contributions, which includes expenditures that permeate throughout the San Diego region.
“Bridgepoint is not only a significant employer and regional engine of prosperity, it is a great reflection of the San Diego model of entrepreneurialism,” said Julie Meier Wright, president and CEO of the San Diego Regional Economic Development Corp. “SAIC began as a startup in 1969, Qualcomm began business in 1985 and now Bridgepoint Education in 2004. Today, they are among the region’s largest employers.”
Bridgepoint Education is located in the Sunroad Centrum building in Kearny Mesa, occupying 248,051 square feet of commercial space on 10 of its 11 floors. With the Sunroad Centrum building, a new Downtown location at 600 B St. and three buildings at its Sabre Springs headquarters on Evening Creek Drive North, Bridgepoint occupies nearly 600,000 square feet of office space in San Diego.
The study reported that Bridgepoint paid $32.1 million in federal taxes in 2009 and an estimated $24 million in additional taxes generated from its business output, estimated at $56.1 million. The report said that the state and local tax impact in 2009, which includes $4.9 million paid in California state taxes plus an estimated $19.4 million in additional state and local taxes generated from Bridgepoint Education’s business output, is estimated at $24.3 million.
The study said Bridgepoint Education ranks among the top 10 private (non-government) employers in the San Diego region with 4,784 employees in 2009. It has grown from 1,314 employees in 2007 and is now recognized as San Diego’s fifth largest private employer.
Bridgepoint Education has become the new title sponsor of the 2010 Holiday Bowl on Dec. 30 and the game will be called the Bridgepoint Education Holiday Bowl. The sponsorship agreement extends through 2012 and includes an option for 2013. Newport Beach-based Pacific Life Insurance Co. served as title sponsor of the bowl game for the last eight years. Bridgepoint has pledged to donate $1 for every Holiday Bowl ticket sold to Promises2Kids, a nonprofit organization fighting child abuse and neglect. Last year, nearly 68,000 Holiday Bowl tickets were sold. The Dec. 30 game will be at 7 p.m. at Qualcomm Stadium and will feature teams from the Pac-10 and Big 12 conferences.
Illumina Names 2 Vice Presidents
San Diego-based Illumina Inc., which makes products for the life science industry, has appointed Elizabeth Brady as vice president of global supply chain and Emily S. Winn-Deen as vice president of diagnostic development. Brady will be responsible for Illumina’s global sourcing, planning, logistics and distribution operations, reporting to William Bonnar, senior vice president of operations. Brady previously was vice president of global supply chain for the Cardiac Rhythm Management Division of Boston Scientific Corp. and held the same position with Tellabs Operations Inc. Winn-Deen will be responsible for the development of diagnostics products at Illumina, reporting to Gregory Heath, senior vice president and general manager of diagnostics. Winn-Deen previously was president of Rx Dx Advisors, a consulting practice focused on evaluating market trends and new technology, corporate partnering, business and product development and regulatory compliance. She also held vice president positions in genetics and oncology R&D, and in strategic development and business planning.
Awarepoint Moves to Downtown San Diego
Awarepoint Corp., which provides tracking technology to hospitals, has moved its headquarters to One America Plaza in Downtown San Diego and announced a series of senior executive changes. The company said that Jason Howe has stepped down as CEO and that Brad Weinert has been appointed president and chief operating officer. Weinert, who has nearly 30 years of management experience, previously was president and acting CEO for Novatel Wireless.
Ben Sperling, former director of strategic business development for McKesson Automation, has been appointed vice president of business development for Awarepoint. Sperling had been director of radio frequency identification programs for McKesson Provider Technologies.
Thomas Hamelin, former associate administrator for UCSD Medical Center, has been named senior vice president of business process improvement. Hamelin has held director positions at Boston Medical Center, UMASS Medical Center and Tenet.
Keynote Speaker Selected for Moms in Business Unite Parley
Maria Bailey, CEO of BSM Media, has been selected as keynote speaker at the second annual Moms in Business Unite conference scheduled for Sept. 15 at the University of San Diego. The conference will feature 25 presenters.
Moms in Business Unite brings together women and mom business owners in an all-day educational conference featuring breakout sessions, a new inventor showcase, networking, award ceremony, resource marketplace and childcare to support and promote the growing number of women- and mom-owned businesses. Randa Cote, founder of SPE Solutions, is chairwoman of
Moms in Business Unite.
Meet European Guests in a May 10 Mixer
The Citizens Diplomacy Council of San Diego invites the public to a May 10 mixer with representatives of 13 European countries, who are here on a State Department-sponsored mission. Attendees can discuss curent social, political and economic issues affecting Europe and the United States. The informal mixer will start at 6:30 p.m. at the Counterpoint Wine Bar, 830 25th St., San Diego. To make a reservation, visit cdcsd.org or e-mail Enrique@cdcsd.org.
Infrastructure Work Starts at Montagna at Cielo
Work has started on a $3 million-plus infrastructure project at Montagna at Cielo, a custom home and luxury estate home development near Rancho Santa Fe. The project will include the installation of water and sewer pipelenes, three sewer pump stations, gas, cable, electric and phone utilities, road paving and landscaping. Completion is scheduled for the fall. Hazard Construcion Co. is the contractor. Subcontractors include TC Construction, Park West Landscaping, American Concrete, Area West Fence, Statewide Striping, G. Scott Asphalt and Schilling Paradise.
NETWORKING MIXER: Sponsored by the San Diego Better Business Bureau. 4 to 6 p.m., the Paradise Grille, 2690 Via de la Valle, in the Flower Hill Promenade retail center, San Diego. Public is invited. Admission is $10 per person. For information, visit sandiego.bbb.org or call Andrea McNelis at the BBB at (858) 637-6199.
SEMINAR: San Diego Tech Coast Angels presents a full-day seminar on angel investing to the San Diego community. Seminar was developed by the Kauffman Foundation. Presenter is John May, chair emeritus of the Angel Capital Association. Topics: how angel funding fits in; angel portfolio strategy; due diligence; structuring the deal; valuation; the post-investment relationship. 7:30 a.m. to 6 p.m., offices of Mintz Levin, 3580 Carmel Mountain Road, Suite 300, San Diego 92130. Free to SDTCA members, $250 to members of any TCA network or CONNECT, $350 general registration. To register, visit techcoastangeles.com. For more information, call Laura Parsons at (858) 964-1302.
SEMINAR: Sales strategies and techniques for real estate professionals will be presented by motivational sales strategist Jeff Shore in a seminar hosted by the Building Industry Association of San Diego’s Sales & Marketing Council. Breakfast meeting, 8:30 to 10:30 a.m., Mission Valley Doubletree Hotel, 7450 Hazard Center Drive, San Diego. Tickets $55 for BIA members, $85 for nonmembers. Register before May 10 by calling (858) 450-1221, Ext. 101, or visit BIASanDiego.org.
SMART GROWTH AWARDS: The San Diego/Tijuana district council of the Urban Land Institute presents its 2010 Smarth Growth Awards to honor pioneers, entrepreneurs, trendsetters and fans of sustainable development in the region. 6 to 8 p.m., McMillin Event Center, 2875 Dewey Road, San Diego 92106. San Diego Architectural Foundation will also presents its Community Vision Award for 2010. $45 for members and nonmembers, $25 for Young Leader members and $15 for student members. To purchase tickets, visit ulisd.org/events/221.
GREEN PROGRAM: The Green Chamber of Commerce sponsors presentations by John Stein, CEO of Kirei USA, and Remy Meraz, area sales manager of ClearEdge Power, on “Marketing Green — Lessons from the Trenches.” 7:30 to 9 a.m., Sheraton Carlsbad, 5480 Grand Pacific Drive, Carlsbad. Speakers will discuss their experiences marketing green versus conventional products. Admission $10 if registered by May 12, $15 at the event. For more information, visit greenchambersd.com/events.
SEMINAR: The National Association of Women Business Owners San Diego hosts a talk by Joon Han, founder of Better San Diego, speaking on “Get Ahead by Giving Back.” Noon to 1 p.m., Brandman University, 7460 Mission Valley Road, San Diego. Han will share strategies to help entrepreneurs accelerate their businesses. NAWBO members free, $25 for nonmembers. Box lunches to be provided. Online registration and more information available at nawbo-sd.org.
WORKSHOP: San Diego Press Club sponsors “Life After Journalism,” a program presented by Joe Ames, former editor of the Orange County Register. Ames spent 30 years as a reporter and editor in radio, TV and newspapers and will discuss career options after journalism. 6 to 8 p.m., KGTV Studio, 4600 Air Way, San Diego. Free to Press Club members, $10 for nonmembers. To reserve, call Terry Williams, executive director, at (619) 231-4340 or visit sdpressclub.org.
CLEANTECH PANEL: CONNECT presents a panel talk on “Cleantech & Renewable Energy Financing: From the Public to the Private and Beyond,” 9 to 11 a.m., AMN Healthcare, 12400 High Bluff Drive, No. 100, San Diego 92130. Panelists will discuss federal and state programs and incentives for the renewable and cleantech industry as well as the private marketplace. Panelists: Nick Leibham, of counsel, Dirk Michels, partner, Sue Hodges, administrative partner and Greg Brucia, senior associate, all of K&L Gates LLP; and Andrew McAllister, program director, California Center for Sustainable Energy. Cost is $45 for CONNECT members, $65 for nonmembers. For more information, call Bethany Kraynack at (858) 964-1312. Register at connect.org.
PRESENTATION: Michael Bergthold of Odyssey Strategic Advisory Services and J. Barrett Marum of San Diego Sheppard Mullin will cover legal issues faced by buyers and sellers of distressed businesses or assets; cover Section 363 bankruptcy purchases and sales; and buying and selling out-of-state and federal receiverships in a program sponsored by the Association for Corporate Growth San Diego. Doubletree Hotel Hazard Center, 7450 Hazard Center Drive, San Diego 92108. 7 a.m. registration. 7:40 to 9 a.m., breakfast and program. Free for ACG members, $50 for nonmembers. Make reservations at acteva.com/go/acgsd or firstname.lastname@example.org.
Small Business Workshops
Helping start-up and established small businesses throughout San Diego and Imperial counties prosper and excel, SCORE San Diego continues its series of low-cost workshops. Workshop fees range from $29 to $109.
Here is a schedule for the first week of May:
• May 1 – How to Start and Manage Your Own Business – 9 a.m. to 4:15 p.m. at Point Loma Nazarene University in Mission Valley (4007 Camino del Rio South, San Diego 92108; pre-paid registration $69, $79 at the door).
• May 4 – Intellectual Property – 9:30 to 11:30 a.m. at SCORE Entrepreneur Center (550 West C St., #550, San Diego 92101; pre-paid registration $29, $39 at the door).
• May 5 – Financing Your Business – 9:30 a.m. to noon at SCORE Entrepreneur Center (550 West C St., #550, San Diego 92101; pre-paid registration $29, $39 at the door).
• May 6 – Financial Statements – 9:30 to 11:30 a.m. at SCORE Entrepreneur Center (550 West C St., #550, San Diego 92101; pre-paid registration $29, $39 at the door).
• May 7 – Internet Marketing 302: Develop a Winning E-mail Marketing Success Strategy – Carlsbad – 9 a.m. to noon at National University (705 Palomar Airport Road, Carlsbad 92011; pre-paid registration $49, $59 at the door).
• May 8 – Business Plan 101: How to Develop Your Best Competitive Advantage – 9 a.m. to 3 p.m. at Point Loma Nazarene University in Mission Valley (4007 Camino del Rio South, San Diego 92108; pre-paid registration $79, $89 at the door).
The Daily Business Report is produced by REP Publishing Inc., publisher of San Diego Metropolitan Magazine, the North Park News, Kensington News and the West Coast Craftsman. (619) 906-4104.