San Diego Startup Week is Growing Up

We Tried It: Coworking

June 14, 2017 Comments (0) Views: 688 Biotech, June 2017, Short Stories, Tip Sheet

Highway 78 is Leading the Way in North County Innovation

There’s a tech cluster among all the craft breweries

Highway 78, which runs through Carlsbad, San Marcos, and Escondido, has been called “The Hops Highway” by craft beer lovers due to the number of breweries in the area, but there’s more happening here than hops—the area is a tech cluster, too.

A new study shows that one-fifth of the county’s tech firms are located around the 78 corridor. A majority of them (80 percent) are small and have ten employees or less; the fastest-growing are in the biotech and medical device fields, followed by information and communications.

This sprawling section of North County has a big impact on the whole region: 25,000 jobs here are tech related, and these companies—including ViaSat, Thermo Fisher Scientific, Novo Engineering, and Ionis Pharmaceuticals—bring $6.1 billion to the economy every year (six times what Ballast Point sold for).

Source: San Diego Regional Economic Development Corporation


Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInPrint this pageEmail this to someone

Want to read more?

Get the top San Diego innovation and tech stories delivered straight to your inbox.

Leave a Reply

Your email address will not be published. Required fields are marked *