QUARTERLY REPORT Q2 REPORT TO INVESTORS AND REGIONAL STAKEHOLDERS ONE REGION ONE FUTURE Q2 Report to Investors and Regional Stakeholders: April –June 2010


SECOND QUARTER SUCCESSES AND HIGHLIGHTS: EDC BUSINESS DEVELOPMENT AND POLICY PROGRAMS


SUCCESSES


SAN DIEGO WON A $4 MILLION GREEN CHALLENGE GRANT from the California Labor and Workforce Agency to support the growth of the biofuels sector. EDC partnered with CleanTECH San Diego, BIOCOM, San Diego Center for Algae Biotechnology, and the San Diego Workforce Partnership on the grant. The Educating and Developing Workers for the Green Economy Initiative (EDGE Initiative) will provide education, training and placement services to workers within San Diego and the Imperial Valley. The goal of the EDGE Initiative is to ensure that San Diego and Imperial Valley have the trained workforce to meet the demands so that biofuels companies can grow, and thus create more jobs for the region. SANDAG reports that the biofuels industry provides 410 jobs and is responsible for $56 million in direct economic activity and $108 million in total economic activity in the region.


EDC’s Jason Anderson (left) accepted the Green Challenge Grant for the San Diego delegation in Sacramento on June 29th. Also pictured from left to right are Mike Ward, Dean, School of Engineering, CSU, Chico; Brian Smith, Vice President, FAFCO; Norm Nielsen, Chico Electric and Chair, North State Renewable Energy Initiative; Linda Zorn, Butte College, Co-chair North/ Far North Regional Consortium; Jose Milne, Chancellors Office, California Community College and Secretary Victoria Bradshaw, California Labor & Workforce Development Agency.


EDC’S NEXT GENERATION LEADERSHIP COMMITTEE spearheaded recruiting private- sector support, putting nearly 100 young people to work at companies including Qualcomm, Gen-Probe, SeaWorld, and CareFusion. AT&T, Merrill Lynch and Sempra are supporting the program with financial contributions. Last year, the American Recovery and Reinvestment Act funded more than 300,000 youth in jobs nationally and 3,200 jobs in San Diego. Building on last summer’s momentum, the Committee’s goal is to establish an ongoing Hire-A-Youth summer jobs program funded by the private sector. The Hire-A-Youth program is administered by the San Diego Workforce Partnership.


EDC’S ELECTIONS COMMITTEE, chaired by Gordon Carrier, championed fund raising activities and employee communications around five non-partisan races involving business- friendly candidates and initiatives, with five significant successes:


• San Diego’s strong mayor form of governance was permanently extended with 61% support of voters;


• Councilmember Kevin Faulconer was re-elected to District 2 with 62% of the vote; Q2 2010 Report to Investors and Regional Stakeholders


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