Promoting the economic development Forms for San Diego
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FAQ
18 November 2019 18 November 2019 by Tejvan Pettinger. Economic development implies an improvement in economic welfare through higher real GDP, but also through an improvement in other economic indicators, such as improved literacy, better infrastructure, reduced poverty and improved healthcare standards.
The largest sectors of the San Diego's economy are defense/military, tourism, international trade, and research/manufacturing, respectively.
For June 2018 to June 2019, the BLS reported the five top industries in San Diego for highest growth were in: The service-providing industry ofeducation and health services: growing at 3.6%, and relating to careers in education, health care, and social services, such as psychology and nursing.
San Diego is the best place to launch a startup, according to a 2014 issue of Forbes magazine. The City of San Diego's strong economy, diverse population, great educational institutions, unsurpassed quality of life and world-renowned location make it the ideal place to do business.
States make investments to encourage these outcomes, including investment in the marketplace, investment in the workforce, and investment in the community. Successful economic development strategies coordinate all three types of investment.
San Diego's economy is primarily made up of three major sectors defense, including the largest concentration of military in the world; tourism, built upon our region's geography and rich culture; and innovation, stemming from our region's intellectual capital and talented workforce.