San Diego’s Innovation Economy, and What it Takes to Recruit “The Young and Restless”

live where they can rely on their network of peers to find another job—and where technology clusters provide an abundance of jobs requiring similar knowledge and skills.

That means San Diego’s life sciences sector, with close to 600 biotech and medical device companies (not to mention scores of biomedical research centers), should continue to serve as a magnet for young biologists, chemists, and other life sciences workers. But San Diego’s struggling software sector, with its paucity of capital and disconnected islands of expertise, could be a different story.

“It’s fairly difficult to get something started when you don’t have the critical mass,” says Cortright. And unlike the lumber or steel industries, Cortright says, IT and communications workers can live just about anywhere.

Compounding the challenges for the software sector in San Diego are what Cortright calls his urbanist bullet points—the community characteristics and amenities that talented young and restless workers are looking for in a city these days. For example:

—Young, educated workers are increasingly shunning the suburbs to live closer to downtown, particularly in urban neighborhoods within a 3-mile radius of the urban core. They like neighborhoods that feature a mix of different types of housing and an interesting mix of local shops, restaurants, and bars.

—They are driving less and tend to view automobile ownership as costly and impractical. They increasingly prefer “walkable” and “bikable” neighborhoods with convenient mass transit options. (Housing affordability has become a key factor in this trend, Cortright says.)

—They look for neighborhoods with income, ethnic, and social diversity. They view diversity as a characteristic that makes a place more interesting.

Cortright says these emerging themes are supported by evidence from the census and other sources. For example:

—In 1980, young adults were about 10 percent more likely to

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.