'Innovation Industry' Fueling San Diego County's Economy
Marissa Cabrera, Maureen Cavanaugh, Hoa Quach, Alison St John, KPBS
Tuesday, January 13, 2015
"What we've seen is this expansion in San Diego's innovation economy, said Erik Bruvold, president of the National University System Institute for Policy Research.
"It's the health sciences, the telecommunications. It's been fueling growth in 2013 and 2014, and keeping us a little bit better than the state and a little bit better than the nation," Bruvold told KPBS Midday Edition.
But industries such as construction and hospitality are struggling in San Diego County, he said.
"We still have a challenge in what we might call our opportunity economy," Bruvold said. "We have a lot of people in our community who work in the hospitality industry. And the challenge in that industry is that it's labor intensive, and it's not been an industry that's had huge gains and efficiencies in productivity that can then be passed on in wage increases to its work force."