San Diego Business Journal

𝐑𝐄𝐆𝐈𝐒𝐓𝐄𝐑 𝐍𝐎𝐖 for SDBJ's 2024 Leaders in Life Sciences Event! Click Here: https://lnkd.in/gsvD8QgD TUESDAY, JULY 30, 2024 from 5:00pm – 7:00pm at Farmer & The Seahorse 10996 Torreyana Rd, San Diego, 92121 Sponsored by EisnerAmper

A new affordable housing development, Pacific Winds, has opened in Carlsbad after a 12-year effort by Orange County developers Innovative Housing Opportunities (IHO) and C&C Development. The $56 million project offers 89 apartments with playgrounds, a village green, and a clubhouse. The apartments are fully leased to over 300 residents with annual incomes between 30% and 60% of the Area Median Income. The development faced challenges due to changing regulations, funding sources, and city policies, but it was eventually completed. The funding came from various sources including Bank of America, National Equity Fund, and federal tax credits. For more on Pacific Winds, subscribe to sdbj.com. https://lnkd.in/gtZM7m9s

✨ NEWS SPOTLIGHT ✨ : "Summer Sprint for School Construction is On for Erickson-Hall" Erickson-Hall Construction Co. is working on $100 million worth of school construction projects in Southern California, focusing on San Diego County. About 30% to 35% of the company’s annual revenue comes from school projects done during the summer. This summer, the company has seven school projects underway, including the Albert Einstein Academy Charter School and Eastlake High School. The company also has projects for other school districts, such as Long Beach Unified School District, Anaheim Union High School District, Hesperia Unified School District, Victor Elementary School District in Victorville, and the Murrieta School District. School districts have expanded their scope of work during the summer, integrating technology, security systems, and more into renovation projects. Despite the challenges, school projects are rewarding because of the positive impact on the students. 👇 To learn more about this project 👇 https://lnkd.in/ghdTsiHk

A leader of influence is someone who makes a difference in someone’s life, someone who is a trailblazer, and someone who leads by example with heart, passion, education, and a who has an opportunity to change the world. See TAVO Media Group, San Diego Business Journal, and Computers 2 Kids honoring these influential leaders at this year’s CEO Awards!

✨NEWS SPOTLIGHT✨: “Cider Catching on Among Local Drinkers, Diners” San Diego offers many artisanal alcoholic beverages, including microbrewed beers, ciders, meads, and wines. Cider choices are abundant, with options like Bivouac Ciderworks, Serpentine Cider, Newtopia Cyder, Poochie’s Hooch Urban Cidery, Julian Hard Cider, and more. The cider industry in the U.S. is growing, with expected revenue of $628.1 million in 2023. Bivouac Ciderworks is a prominent cidery in San Diego, offering a wide selection of ciders through its Adventure Lodge & General Store. Another notable cidery is Serpentine Cider, which is known for its modern-style ciders. The recent changes in the alcoholic beverage laws have also contributed to the cider industry's growth. 👇To learn more about this growing trend👇 https://lnkd.in/gthde8ck

✨NEWS SPOTLIGHT✨: “Phoenix Flights Coming to McClellan-Palomar Airport” McClellan Palomar Airport - CLD, operated by the County of San Diego, will resume commercial airline service from its North County location in Carlsbad in February 2025. American Airlines will offer two daily flights to Phoenix using a smaller regional jet. The airport director, Jamie Abbott, expressed excitement about the new service and the partnership with American Airlines. The airport, home to various aviation-related businesses and services, contributes $165 million to the local economy and plays a vital role in the community. 👇To learn more about this project👇 https://lnkd.in/gcgPYnck

✨NEWS SPOTLIGHT✨: “AEVEX Expands Unmanned Systems Business” AEVEX Aerospace is expanding its factory in Tampa, Florida, to meet increased demand for unmanned systems. The facility will allow for the complete production of aircraft and can produce 1,000 aircraft per month. General Dynamics NASSCO received a $20.6 million contract from the U.S. Navy for the design development of the next generation AS(X) submarine tender ship. General Atomics Aeronautical Systems Inc. (GA-ASI) was awarded a $94.8 million contract by the U.S. Army for research, development, and testing of Artificial Intelligence for the Smart Sensor Intelligence, Surveillance and Reconnaissance prototype. Austal USA appointed Michelle Kruger as president of the company. 👇To learn more about this project👇 https://lnkd.in/gXwH5FPi

✨NEWS SPOTLIGHT✨: “San Diego County’s Growing Wine Business” San Diego County's wine industry has experienced significant growth in recent years, with over 160 licensed wineries and vineyards generating $54.5 million in 2023. The region's leader in boutique wineries is Ramona, with 42 wineries. The area became an American Viticultural Area (AVA) in 2006, and zoning changes allowed for tasting rooms and retail sales on small boutique winery properties. The industry thrives, with new wineries opening despite increased establishment costs. The supportive and collaborative winemaking community in San Diego County is contributing to its reputation as an excellent place for growing wine. 👇To learn more about this growing business👇 https://lnkd.in/gSZbpc7E

Congratulations to SDBJ's 40 Next Top Business Leaders Under Forty Finalists! 𝐑𝐄𝐆𝐈𝐒𝐓𝐄𝐑 𝐍𝐎𝐖 for the July 24 event where WINNERS will be announced: https://lnkd.in/dkzGmMsC Sponsored By: Alaska Airlines, Withum, Julep Venue Media Partner: FOX 5 San Diego (KSWB-TV)

✨NEWS SPOTLIGHT✨: “Sempra, Aramco sign LNG deal” aramco, Saudi Arabia’s state-owned oil company, has signed a preliminary deal with Sempra to buy liquefied natural gas (LNG) from Sempra’s Port Arthur LNG export terminal in Texas and take a stake in the project. The 20-year agreement outlines an annual purchase of 5 million metric tons of LNG and a 25% stake in the project. The parties expect to finalize the deal at a later date. The Port Arthur LNG export plant is under construction and could start operating by 2027. A federal permit for the project's expansion is pending approval. Additionally, Sempra announced that Jennifer M. Kirk would be a new member of its board of directors. Kirk brings extensive executive experience in finance, accounting, and capital market activities to Sempra. 👇To learn more about the deal👇 https://lnkd.in/e-jzqZQW