Daily Business Report-Oct. 31, 2014
Sharp Grossmont Hospital in La Mesa is a major contributor to San Diego County’s health care services sector.
San Diego’s Health Care Services Sector
A Powerful Force in the Region’s Economy
San Diego’s health care services sector has grown significantly larger than the region’s manufacturing, tourism or bio-medical research industries, employing more than 121,000 people and contributing $17.2 billion to the regional economy, according to a report released Thursday by the National University System Institute for Policy Research.
Even during the recession San Diego’s hospitals, medical practices, and nursing and residential care facilities added middle income jobs, the report said.
Using a combination of secondary and primary sources the institute found that:
• The health care services sector employed 121,510 San Diegans in 2012 with an average wage of $57,990.
• The health care services sector indirectly supports another 86,500 jobs in the region. In total, direct and indirect impacts in the sector constitute more than 9 percent of regional economic output.
• Since 2003 the sector has grown 22 percent times faster than the county’s population and 27 percent faster than employment.
• Between 2009 and 2013 there was nearly 1 million square feet of new construction supporting the sector, including several new hospital facilities, ambulatory care centers, and medical office buildings.
• In 2011 (the latest year available) there was more than $450 million in charitable donations made to San Diego health care service nonprofits.
For every $50 million in additional healthcare spending the region can expect to see an average of 600 jobs.
“Health care services is among the region’s largest single economic sectors,” said Erik Bruvold, institute president and author of the report. “Given the importance of the region’s world-class health care services to our quality of life, it is sometimes easy to forget just how important the sector’s contribution is to our economic well-being.”
As the population in San Diego continues to age, it is likely that there will be even more demand for health care services, said Bruvold. “Given that, we believe that the sector will continue to grow and create high paying job opportunities.”
Click here for the full report.
Final Condo Sold at Globe Mills Building
CBRE has closed the sale of the third and final office condo suite in the historic Globe Mills building at 1431 Pacific Highway in Downtown San Diego. MG Digital Media Network LLC, purchased the second floor office condo suite from Lennar-Intergulf Pacific LLC, for $548,000. The 2,114-square-foot suite features a modern, fully built-out kitchen, exposed 12–14-foot ceilings, private elevator stop and two private restrooms. The building is situated on Pacific Highway in the Downtown/Little Italy waterfront area.
CBRE and Colliers International represented the seller, Lennar-Intergulf Pacific LLC. the Buyer, MG Digital Media Network, was represented by Voit Real Estate Services.
The office condo owners have access to a community room, gym as well as unique amenities which includes a business center, swimming pool and spa, a tropical court yard featuring waterfalls and barbecue areas, and a roof top terrace offering views of San Diego Bay and Waterfront Park.
SD METRO Freelancer Wins Press Club Awards
Freelance writer Delle Willett won a first place award and a second place award in the San Diego Press Club’s 2014 Excellence in Journalism awards for articles she wrote that appeared in SD METRO Magazine this past year.
Willett won the first place award in the Magazines: Business and Financial category for her article, “Mind the Gap,” which described the pay gap between women and men, why it is happening, who it affects and how it affects them, and how society would benefit if the gap were closed. It offers suggestions on how an individual can mind the gap in concrete and effective ways.
Her second place award — in the category of Magazines: Arts and Entertainment Reporting — was for “Gender Diversity Missing in Film: SDSU professor documents lack of women directors.” The article describes the work done by the Center for the Study of Women in Television and Film at SDSU, founded in 2007 by professor Martha Lauzen. Using data from the center’s research, the article looks at gender inequities in the big-budgeted film world, the shortage of opportunities for women to direct large-budget studio features, theories on labor-market inequities, lack of leadership by film studio heads and union executives, and several women who have broken through the celluloid ceiling.
Last year, Willett won a second place San Diego Press Club award for an article published in both the North Park News and SD Metro — “North Park’s Funky Newsstand .”
NASSCO Shipyard Receives
Top Environmental Award
General Dynamics NASSCO was nationally recognized this week for environmental conservation and energy-efficient practices at its San Diego shipyard. The company received the Award of Environmental Excellence from the Industrial Environmental Association at the organization’s 2014 conference in San Diego.
In March NASSCO completed the largest sediment clean-up in the history of the San Diego bay front, and the shipyard has consistently improved its energy efficiency.
“NASSCO’s leadership made possible the largest shipyard sediment clean-up in California. They successfully assembled a team of stakeholders including other shipyards, environmental organizations, regulators and government organizations that reached consensus on a science based clean-up plan which is currently being executed,” said Jack Monger, executive director of the Industrial Environmental Association’s San Diego chapter.
The company said it has voluntarily reduced air emissions by more than 67 percent since 2009, and developed a system to capture and treat 100 percent of storm water runoff. Additional efforts include new, energy-efficient lighting throughout the yard, programs to reduce diesel emissions and a recycling program that currently sorts more than 90 percent of recyclable material from the shipyard. The company is above requirements set by the state of California for recycling by 2020.
— Times of San Diego
St. Paul’s Senior Homes & Services Promotions
St. Paul’s Senior Homes & Services announced several promotions within its organization. Timothy Frazier was named chief operating officer, Tara Walsh, corporate controller; Amanda Gois, corporate marketing director; Justin Weber, executive director of residential services; and Liam Dunfey as major gifts officer.
Frazier came to St. Paul’s Senior Homes & Services from Horizon House, where he served as COO to the 600-resident continuing care retirement community in Seattle.
Walsh will direct the daily financial affairs of the organization. Previously, she served as divisional controller where she directed the daily financial affairs of the St. Paul’s home and community-based services division.
Gois assumes responsibilities for brand development, marketing, advertising, public relations and admissions for the organization. She previously was marketing director of St. Paul’s PACE.
Weber assumes responsibility for oversight, compliance and overall resident, family and staff satisfaction in all of St. Paul’s residential communities (Manor, Villa, McColl Health Center — and, subsequently, Plaza when it opens). Weber previously held the positions of villa administrator and marketing and admissions director at St. Paul’s, where he was responsible for the marketing and admissions process in all residential communities.
In his new capacity, Dunfey will be responsible for planned giving cultivation, major gift strategy, prospect research, and donor stewardship. Dunfey previously served St. Paul’s as its director of admissions, marketing, public relations, and senior day program where he managed seven employees in two different departments.