CONNECT Q3 2011 Innovation Report shows spike in innovation economy activity

San Diego tech start-ups flourish in Q3

Steve Hoey, CONNECT

Thursday, February 2, 2012

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According to the research commissioned from the National University System Institute for Policy Research by CONNECT, there were more than 6,050 tech companies in San Diego during the quarter, employing more than 140,000 people and providing $3.7 billion in total payroll. While technology companies represent 6 percent of San Diego employers, they provide 11 percent of all jobs and make up 23 percent of all payrolls.
Tech employment was estimated to be up slightly in the third quarter. “Employment and income gains among local tech businesses are key drivers in the region’s economic prosperity and employment base,” said Kelly Cunningham, Economist and Senior Fellow at the National University System Institute for Policy Research (NUSIPR).